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Arjo AB
Buy, Hold or Sell?

Let's analyse Arjo together

PenkeI guess you are interested in Arjo AB. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Arjo AB. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Arjo (30 sec.)










What can you expect buying and holding a share of Arjo? (30 sec.)

What is your share worth?

Current worth
kr0.00
Expected worth in 1 year
kr0.00
How sure are you?

+ What do you gain per year?

Total Gains per Share
kr0.00
Return On Investment
0.0%

For what price can you sell your share?

Current Price per Share
kr51.35
Expected price per share
kr47.96 - kr58.82
How sure are you?
50%

1. Valuation of Arjo (5 min.)




Live pricePrice per Share (EOD)

kr51.35

2. Growth of Arjo (5 min.)




Is Arjo growing?

Current yearPrevious yearGrowGrow %
How rich?$647.1m$647.1m0.000.0%

How much money is Arjo making?

Current yearPrevious yearGrowGrow %
Making money$42m$69.7m-$27.7m-66.0%
Net Profit Margin0.0%8.2%--

How much money comes from the company's main activities?

3. Financial Health of Arjo (5 min.)




What can you expect buying and holding a share of Arjo? (5 min.)

Welcome investor! Arjo's management wants to use your money to grow the business. In return you get a share of Arjo.

What can you expect buying and holding a share of Arjo?

First you should know what it really means to hold a share of Arjo. And how you can make/lose money.

Speculation

The Price per Share of Arjo is kr51.35. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Arjo.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Arjo, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is kr0.00.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash.
Based on historical numbers we can estimate the returns while holding a share of Arjo.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 kr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Share
Usd Eps0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Book Value Change Per Share
Usd Dividend Per Share
Usd Total Gains Per Share
Usd Price Per Share3.73-3.73-10.07-5.32-4.43-
Price to Earnings Ratio0.00-0.00-0.00-0.00-0.00-
Price-to-Total Gains Ratio
Price to Book Ratio0.00-0.00-0.00-0.00-0.00-
Price-to-Total Gains Ratio

When do you get the money?

Usd Investment
$.00
Usd Price Per Share4.8269
Number of shares207
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share--
Usd Book Value Change Per Share--
Usd Total Gains Per Share--
Gains per Quarter (207 shares)--
Gains per Year (207 shares)--
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1---10---10
2---10---10
3---10---10
4---10---10
5---10---10
6---10---10
7---10---10
8---10---10
9---10---10
10---10---10

Fundamentals of Arjo

About Arjo AB

Arjo AB (publ) develops and sells medical devices and solutions for patients for clinical and financial outcomes for healthcare in Europe, Asia and Pacific, South America, Africa, and internationally. It offers products and solutions for patient handling, hygiene, disinfection, medical beds, pressure injury prevention, diagnostics, prevention of deep vein thrombosis and treatment of edema, leg ulcer treatment and prevention, and for obstetric and cardiac diagnostics. The company also provides dementia and bariatric room assessment solutions, prone positioning early mobility, and rehabilitation services, as well as maintenance, and equipment rental and financing solutions. It serves private and public institutions that provide acute and long-term care. Arjo AB (publ) was founded in 1957 and is headquartered in Malmö, Sweden.

Fundamental data was last updated by Penke on 2024-03-27 06:36:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry

1.1. Profitability of Arjo AB.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Arjo earns for each kr1 of revenue.

  • Above 10% is considered healthy but always compare Arjo to the  industry mean.
  • A Net Profit Margin of 0.0% means that kr0.00 for each kr1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Arjo AB:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY8.2%-8.2%
TTM-5Y4.4%-4.4%
5Y4.4%10Y3.9%+0.5%
1.1.2. Return on Assets

Shows how efficient Arjo is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Arjo to the  industry mean.
  • 3.1% Return on Assets means that Arjo generated kr0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Arjo AB:

  • The MRQ is 3.1%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.1%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.1%TTM3.1%0.0%
TTM3.1%YOY5.1%-2.0%
TTM3.1%5Y3.4%-0.3%
5Y3.4%10Y3.0%+0.4%
1.1.3. Return on Equity

Shows how efficient Arjo is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Arjo to the  industry mean.
  • 6.5% Return on Equity means Arjo generated kr0.06 for each kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Arjo AB:

  • The MRQ is 6.5%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 6.5%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ6.5%TTM6.5%0.0%
TTM6.5%YOY10.8%-4.3%
TTM6.5%5Y7.8%-1.3%
5Y7.8%10Y6.9%+0.9%

1.2. Operating Efficiency of Arjo AB.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Arjo is operating .

  • Measures how much profit Arjo makes for each kr1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Arjo to the  industry mean.
  • An Operating Margin of 0.0% means the company generated kr0.00  for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Arjo AB:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY12.4%-12.4%
TTM-5Y7.8%-7.8%
5Y7.8%10Y6.5%+1.3%
1.2.2. Operating Ratio

Measures how efficient Arjo is keeping operating costs low.

  • Below 1 is considered healthy (always compare to  industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are kr0.00 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of Arjo AB:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY0.536-0.536
TTM-5Y0.440-0.440
5Y0.44010Y0.459-0.019

1.3. Liquidity of Arjo AB.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Arjo is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to  industry mean).
  • A Current Ratio of 1.54 means the company has kr1.54 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of Arjo AB:

  • The MRQ is 1.539. The company is able to pay all its short-term debts. +1
  • The TTM is 1.539. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.539TTM1.5390.000
TTM1.539YOY0.815+0.724
TTM1.5395Y0.990+0.549
5Y0.99010Y1.215-0.225
1.3.2. Quick Ratio

Measures if Arjo is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Arjo to the  industry mean.
  • A Quick Ratio of 0.72 means the company can pay off kr0.72 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Arjo AB:

  • The MRQ is 0.723. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.723. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.723TTM0.7230.000
TTM0.723YOY0.553+0.170
TTM0.7235Y0.633+0.090
5Y0.63310Y0.778-0.145

1.4. Solvency of Arjo AB.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Arjo assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Arjo to industry mean.
  • A Debt to Asset Ratio of 0.53 means that Arjo assets are financed with 52.9% credit (debt) and the remaining percentage (100% - 52.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Arjo AB:

  • The MRQ is 0.529. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.529. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.529TTM0.5290.000
TTM0.529YOY0.5290.000
TTM0.5295Y0.566-0.037
5Y0.56610Y0.569-0.003
1.4.2. Debt to Equity Ratio

Measures if Arjo is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Arjo to the  industry mean.
  • A Debt to Equity ratio of 112.2% means that company has kr1.12 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Arjo AB:

  • The MRQ is 1.122. The company is able to pay all its debts with equity. +1
  • The TTM is 1.122. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.122TTM1.1220.000
TTM1.122YOY1.1220.000
TTM1.1225Y1.313-0.191
5Y1.31310Y1.329-0.016

2. Market Valuation of Arjo AB

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every kr1 in earnings Arjo generates.

  • Above 15 is considered overpriced but always compare Arjo to the  industry mean.
  • A PE ratio of 0.00 means the investor is paying kr0.00 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Arjo AB:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y-0.000
5Y-10Y-0.000
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Arjo AB:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y-0.000
5Y-10Y-0.000
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Arjo is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to industry mean).
  • A PB ratio of 0.00 means the investor is paying kr0.00 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of Arjo AB:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y-0.000
5Y-10Y-0.000
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Arjo AB compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Per Share----0%-0%-0%-0%
Current Ratio--1.5391.5390%0.815+89%0.990+55%1.215+27%
Debt To Asset Ratio--0.5290.5290%0.5290%0.566-7%0.569-7%
Debt To Equity Ratio--1.1221.1220%1.1220%1.313-15%1.329-16%
Eps----0%-0%-0%-0%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Market Cap----0%-0%-0%-0%
Net Profit Margin----0%0.082-100%0.044-100%0.039-100%
Operating Margin----0%0.124-100%0.078-100%0.065-100%
Operating Ratio----0%0.536-100%0.440-100%0.459-100%
Pb Ratio----0%-0%-0%-0%
Pe Ratio----0%-0%-0%-0%
Price Per Share51.350+23%39.68039.6800%107.100-63%56.611-30%47.175-16%
Price To Free Cash Flow Ratio----0%-0%-0%-0%
Quick Ratio--0.7230.7230%0.553+31%0.633+14%0.778-7%
Return On Assets--0.0310.0310%0.051-40%0.034-10%0.030+2%
Return On Equity--0.0650.0650%0.108-40%0.078-17%0.069-6%
Usd Book Value--647190000.000647190000.0000%647190000.0000%577930800.000+12%561101666.667+15%
Usd Book Value Per Share----0%-0%-0%-0%
Usd Eps----0%-0%-0%-0%
Usd Free Cash Flow--3290000.0003290000.0000%99546000.000-97%63863600.000-95%62181000.000-95%
Usd Market Cap----0%-0%-0%-0%
Usd Price Per Share4.827+23%3.7303.7300%10.067-63%5.321-30%4.434-16%
Usd Profit--42018000.00042018000.0000%69748000.000-40%45402000.000-7%39683666.667+6%
Usd Revenue----0%852580000.000-100%663452000.000-100%673322000.000-100%
 EOD+1 -1MRQTTM+0 -0YOY+4 -85Y+7 -810Y+8 -7

3.2. Fundamental Score

Let's check the fundamental score of Arjo AB based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.723
Current Ratio (MRQ)Greater than11.539
Debt to Asset Ratio (MRQ)Less than10.529
Debt to Equity Ratio (MRQ)Less than11.122
Return on Equity (MRQ)Greater than0.150.065
Return on Assets (MRQ)Greater than0.050.031
Total2/8 (25.0%)

3.3. Technical Score

Let's check the technical score of Arjo AB based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5066.867
Ma 20Greater thanMa 5049.510
Ma 50Greater thanMa 10048.430
Ma 100Greater thanMa 20043.579
OpenGreater thanClose50.435
Total4/5 (80.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2018-12-312019-12-312020-12-312021-12-312022-12-31
Net Tangible Assets  -1,187,000370,000-817,000-37,000-854,000640,000-214,000447,000233,000



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in SEK. All numbers in thousands.

Summary
 As reported
Total Liabilities 0
Total Stockholder Equity+ 0
Total Assets = 0

Assets

Total Assets0
Total Current Assets5,030,000
Long-term Assets0
Total Current Assets
Net Receivables 2,362,000
Inventory 1,674,000
Total Current Assets  (as reported)5,030,000
Total Current Assets  (calculated)4,036,000
+/- 994,000
Long-term Assets
Property Plant Equipment 2,909,000
Long-term Assets  (as reported)0
Long-term Assets  (calculated)2,909,000
+/- 2,909,000

Liabilities & Shareholders' Equity

Total Current Liabilities3,268,000
Long-term Liabilities0
Total Stockholder Equity0
Total Current Liabilities
Accounts payable 587,000
Other Current Liabilities 57,000
Total Current Liabilities  (as reported)3,268,000
Total Current Liabilities  (calculated)644,000
+/- 2,624,000
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Common Stock91,000
Other Stockholders Equity 1,395,000
Total Stockholder Equity (as reported)0
Total Stockholder Equity (calculated)1,486,000
+/- 1,486,000
Other
Net Tangible Assets 233,000
Net Working Capital 1,762,000



Balance Sheet

Currency in SEK. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
> Total Assets 
12,210,000
13,136,000
14,422,000
13,858,000
14,612,000
0
014,612,00013,858,00014,422,00013,136,00012,210,000
   > Total Current Assets 
4,108,000
4,589,000
4,399,000
4,130,000
4,174,000
5,030,000
5,030,0004,174,0004,130,0004,399,0004,589,0004,108,000
       Cash And Cash Equivalents 
672,000
961,000
662,000
972,000
757,000
0
0757,000972,000662,000961,000672,000
       Short-term Investments 
35,000
25,000
8,000
19,000
25,000
0
025,00019,0008,00025,00035,000
       Net Receivables 
1,898,000
2,349,000
2,488,000
2,012,000
2,022,000
2,362,000
2,362,0002,022,0002,012,0002,488,0002,349,0001,898,000
       Inventory 
1,104,000
1,117,000
1,144,000
1,039,000
1,369,000
1,674,000
1,674,0001,369,0001,039,0001,144,0001,117,0001,104,000
   > Long-term Assets 000000
       Property Plant Equipment 
1,134,000
1,153,000
2,450,000
2,326,000
2,555,000
2,909,000
2,909,0002,555,0002,326,0002,450,0001,153,0001,134,000
       Goodwill 
4,862,000
5,259,000
5,413,000
5,161,000
0
0
005,161,0005,413,0005,259,0004,862,000
       Intangible Assets 
1,772,000
1,687,000
1,659,000
1,673,000
7,099,000
0
07,099,0001,673,0001,659,0001,687,0001,772,000
> Total Liabilities 
7,136,000
7,709,000
8,508,000
8,228,000
7,727,000
0
07,727,0008,228,0008,508,0007,709,0007,136,000
   > Total Current Liabilities 
1,757,000
4,557,000
5,525,000
5,214,000
5,119,000
3,268,000
3,268,0005,119,0005,214,0005,525,0004,557,0001,757,000
       Accounts payable 
0
458,000
543,000
504,000
614,000
587,000
587,000614,000504,000543,000458,0000
       Other Current Liabilities 
0
834,000
655,000
765,000
735,000
57,000
57,000735,000765,000655,000834,0000
   > Long-term Liabilities 000000
       Other Liabilities 
0
225,000
167,000
157,000
1,701,000
1,614,000
1,614,0001,701,000157,000167,000225,0000
       Deferred Long Term Liability 
0
332,000
341,000
350,000
468,000
0
0468,000350,000341,000332,0000
> Total Stockholder Equity
5,074,000
5,427,000
5,914,000
5,630,000
6,885,000
0
06,885,0005,630,0005,914,0005,427,0005,074,000
   Common Stock
91,000
91,000
91,000
91,000
91,000
91,000
91,00091,00091,00091,00091,00091,000
   Retained Earnings 
4,983,000
4,793,000
4,908,000
5,367,000
6,028,000
6,138,000
6,138,0006,028,0005,367,0004,908,0004,793,0004,983,000
   Capital Surplus 000000
   Treasury Stock000000
   Other Stockholders Equity 
0
543,000
915,000
172,000
766,000
1,395,000
1,395,000766,000172,000915,000543,0000



Balance Sheet

Currency in SEK. All numbers in thousands.




Cash Flow

Currency in SEK. All numbers in thousands.




Income Statement

Currency in SEK. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue0
Cost of Revenue-0
Gross Profit00
 
Operating Income (+$)
Gross Profit0
Operating Expense-0
Operating Income00
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense00
 
Net Interest Income (+$)
Interest Income0
Interest Expense-0
Other Finance Cost-0
Net Interest Income0
 
Pretax Income (+$)
Operating Income0
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)00
EBIT - interestExpense = 825,000
149,000
0
Interest Expense0
Earnings Before Interest and Taxes (EBIT)825,0000
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax0
Tax Provision-0
Net Income From Continuing Ops00
Net Income0
Net Income Applicable To Common Shares447,000
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses27,000
Total Other Income/Expenses Net00
 

Technical Analysis of Arjo
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Arjo. The general trend of Arjo is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Arjo's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Arjo AB.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 51.50 < 55.73 < 58.82.

The bearish price targets are: 51.00 > 50.75 > 47.96.

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Arjo AB Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Arjo AB. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Arjo AB Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Arjo AB. The current macd is 0.56286741.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Arjo price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Arjo. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Arjo price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Arjo AB Daily Moving Average Convergence/Divergence (MACD) ChartArjo AB Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Arjo AB. The current adx is 26.45.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Arjo shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish trend is strengthening.
Arjo AB Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Arjo AB. The current sar is 51.35.

Arjo AB Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Arjo AB. The current rsi is 66.87. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Arjo AB Daily Relative Strength Index (RSI) ChartArjo AB Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Arjo AB. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Arjo price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Arjo AB Daily Stochastic Oscillator ChartArjo AB Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Arjo AB. The current cci is -161.10430827.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Arjo AB Daily Commodity Channel Index (CCI) ChartArjo AB Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Arjo AB. The current cmo is 43.44.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Arjo AB Daily Chande Momentum Oscillator (CMO) ChartArjo AB Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Arjo AB. The current willr is 0.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Arjo AB Daily Williams %R ChartArjo AB Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Arjo AB.

Arjo AB Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Arjo AB. The current atr is 3.68991143.

Arjo AB Daily Average True Range (ATR) ChartArjo AB Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Arjo AB. The current obv is 12,881,293.

Arjo AB Daily On-Balance Volume (OBV) ChartArjo AB Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Arjo AB. The current mfi is 49.00.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Arjo AB Daily Money Flow Index (MFI) ChartArjo AB Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Arjo AB.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-15SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-21CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-23CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-24STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-27CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-28BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-01DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-12STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-13DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-14BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-27CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-28STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-03MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-09SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-10MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-15RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-16STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-17RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-18WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-22RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-26MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-07RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-02-08STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-09CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-14RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-02-22CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-28CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-01STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-07SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-13MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-25DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.

6.3. Candlestick Patterns

Arjo AB Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Arjo AB based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5066.867
Ma 20Greater thanMa 5049.510
Ma 50Greater thanMa 10048.430
Ma 100Greater thanMa 20043.579
OpenGreater thanClose50.435
Total4/5 (80.0%)
Penke

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