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Gjensidige Forsikring ASA
Buy, Hold or Sell?

Let's analyse Gjensidige together

PenkeI guess you are interested in Gjensidige Forsikring ASA. 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 Gjensidige Forsikring ASA. 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 Gjensidige (30 sec.)










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

How much money do you get?

How much money do you get?
kr2.89
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
kr50.51
Expected worth in 1 year
kr50.51
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
kr31.19
Return On Investment
19.7%

For what price can you sell your share?

Current Price per Share
kr158.30
Expected price per share
kr141.49 - kr177.78
How sure are you?
50%

1. Valuation of Gjensidige (5 min.)




Live pricePrice per Share (EOD)

kr158.30

2. Growth of Gjensidige (5 min.)




Is Gjensidige growing?

Current yearPrevious yearGrowGrow %
How rich?$2.3b$2.3b0.000.0%

How much money is Gjensidige making?

Current yearPrevious yearGrowGrow %
Making money$423m$661.2m-$238.1m-56.3%
Net Profit Margin0.0%0.0%--

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

3. Financial Health of Gjensidige (5 min.)




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

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

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

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

Speculation

The Price per Share of Gjensidige is kr158.30. 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 Gjensidige.
  • 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 Gjensidige, 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 kr50.51. Based on the TTM, the Book Value Change Per Share is kr0.00 per quarter. Based on the YOY, the Book Value Change Per Share is kr-0.16 per quarter.
  • 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 the TTM the Dividend per Share is kr7.80 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Gjensidige.

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 Eps0.850.5%0.850.5%1.330.8%1.000.6%0.970.6%
Usd Book Value Change Per Share0.000.0%0.000.0%-0.010.0%0.060.0%0.780.5%
Usd Dividend Per Share0.720.5%0.720.5%1.290.8%0.900.6%0.860.5%
Usd Total Gains Per Share0.720.5%0.720.5%1.270.8%0.960.6%1.641.0%
Usd Price Per Share17.86-17.86-19.81-16.90-16.47-
Price to Earnings Ratio21.06-21.06-14.95-17.40-17.34-
Price-to-Total Gains Ratio24.73-24.73-15.55-18.27-15.70-
Price to Book Ratio3.82-3.82-4.24-3.62-3.56-
Price-to-Total Gains Ratio24.73-24.73-15.55-18.27-15.70-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share14.65858
Number of shares68
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.720.90
Usd Book Value Change Per Share0.000.06
Usd Total Gains Per Share0.720.96
Gains per Quarter (68 shares)49.1164.96
Gains per Year (68 shares)196.42259.84
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1196018624415250
2393038248931510
3589057873346770
47860774978611030
598209701222771290
61179011661467921550
713750136217111071810
815710155819561232070
917680175422001382330
1019640195024451532590

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%6.00.00.0100.0%6.00.00.0100.0%
Book Value Change Per Share0.00.01.00.0%0.02.01.00.0%2.02.01.040.0%3.02.01.050.0%3.02.01.050.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%6.00.00.0100.0%6.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%6.00.00.0100.0%6.00.00.0100.0%

Fundamentals of Gjensidige

About Gjensidige Forsikring ASA

Gjensidige Forsikring ASA engages in the provision of general insurance and pension products in Norway, Sweden, Denmark, Latvia, Lithuania, and Estonia. The company operates through five segments: General Insurance Private, General Insurance Commercial, General Insurance Sweden, General Insurance Baltics, and Pension. It offers motor, property, accident and health, liability, marine/transport, natural perils, agriculture, travel, leisure craft, valuables, commercial, and life insurance products. The company also provides defined contribution occupational pension schemes for businesses, which include disability pension, spouse/cohabitant pension, and child's pension products. It distributes its products through various distribution channels comprising office channel, call center, Internet, partners, and brokers to private and commercial customers. The company was founded in 1816 and is headquartered in Oslo, Norway. Gjensidige Forsikring ASA operates as a subsidiary of GjensidigeStiftelsen.

Fundamental data was last updated by Penke on 2024-03-27 08:36:04.

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 efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not 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 just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is fair priced.

1.1. Profitability of Gjensidige Forsikring ASA.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Gjensidige 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 Gjensidige Forsikring ASA:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y-0.0%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Gjensidige to the  industry mean.
  • 3.5% Return on Assets means that Gjensidige generated kr0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Gjensidige Forsikring ASA:

  • The MRQ is 3.5%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.5%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.5%TTM3.5%0.0%
TTM3.5%YOY5.5%-2.0%
TTM3.5%5Y4.3%-0.8%
5Y4.3%10Y4.1%+0.2%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Gjensidige to the  industry mean.
  • 18.1% Return on Equity means Gjensidige generated kr0.18 for each kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Gjensidige Forsikring ASA:

  • The MRQ is 18.1%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 18.1%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ18.1%TTM18.1%0.0%
TTM18.1%YOY28.3%-10.2%
TTM18.1%5Y21.4%-3.2%
5Y21.4%10Y21.0%+0.4%

1.2. Operating Efficiency of Gjensidige Forsikring ASA.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Gjensidige is operating .

  • Measures how much profit Gjensidige 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 Gjensidige 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 Gjensidige Forsikring ASA:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y-0.0%
1.2.2. Operating Ratio

Measures how efficient Gjensidige 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 Gjensidige Forsikring ASA:

  • 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

1.3. Liquidity of Gjensidige Forsikring ASA.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to  industry mean).
  • A Current Ratio of 0.98 means the company has kr0.98 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of Gjensidige Forsikring ASA:

  • The MRQ is 0.976. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.976. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.976TTM0.9760.000
TTM0.976YOY1.011-0.035
TTM0.9765Y0.986-0.010
5Y0.98610Y0.821+0.164
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Gjensidige to the  industry mean.
  • A Quick Ratio of 0.18 means the company can pay off kr0.18 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Gjensidige Forsikring ASA:

  • The MRQ is 0.180. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.180. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.180TTM0.1800.000
TTM0.180YOY0.168+0.011
TTM0.1805Y0.149+0.030
5Y0.14910Y0.125+0.025

1.4. Solvency of Gjensidige Forsikring ASA.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Gjensidige to industry mean.
  • A Debt to Asset Ratio of 0.81 means that Gjensidige assets are financed with 80.6% credit (debt) and the remaining percentage (100% - 80.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Gjensidige Forsikring ASA:

  • The MRQ is 0.806. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.806. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.806TTM0.8060.000
TTM0.806YOY0.8060.000
TTM0.8065Y0.803+0.003
5Y0.80310Y0.809-0.006
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Gjensidige to the  industry mean.
  • A Debt to Equity ratio of 415.1% means that company has kr4.15 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Gjensidige Forsikring ASA:

  • The MRQ is 4.151. The company is unable to pay all its debts with equity. -1
  • The TTM is 4.151. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ4.151TTM4.1510.000
TTM4.151YOY4.1510.000
TTM4.1515Y4.169-0.019
5Y4.16910Y4.357-0.187

2. Market Valuation of Gjensidige Forsikring ASA

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 Gjensidige generates.

  • Above 15 is considered overpriced but always compare Gjensidige to the  industry mean.
  • A PE ratio of 21.06 means the investor is paying kr21.06 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Gjensidige Forsikring ASA:

  • The EOD is 17.288. Based on the earnings, the company is fair priced.
  • The MRQ is 21.062. Based on the earnings, the company is fair priced.
  • The TTM is 21.062. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD17.288MRQ21.062-3.773
MRQ21.062TTM21.0620.000
TTM21.062YOY14.949+6.112
TTM21.0625Y17.396+3.665
5Y17.39610Y17.342+0.054
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Gjensidige Forsikring ASA:

  • 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 Gjensidige 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 3.82 means the investor is paying kr3.82 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of Gjensidige Forsikring ASA:

  • The EOD is 3.134. Based on the equity, the company is fair priced.
  • The MRQ is 3.818. Based on the equity, the company is fair priced.
  • The TTM is 3.818. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD3.134MRQ3.818-0.684
MRQ3.818TTM3.8180.000
TTM3.818YOY4.236-0.418
TTM3.8185Y3.615+0.203
5Y3.61510Y3.556+0.059
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Gjensidige Forsikring ASA compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share----0%-0.1590%0.609-100%8.419-100%
Book Value Per Share--50.51350.5130%50.5130%50.395+0%49.907+1%
Current Ratio--0.9760.9760%1.011-3%0.986-1%0.821+19%
Debt To Asset Ratio--0.8060.8060%0.8060%0.803+0%0.8090%
Debt To Equity Ratio--4.1514.1510%4.1510%4.1690%4.357-5%
Dividend Per Share--7.7987.7980%13.919-44%9.707-20%9.245-16%
Eps--9.1569.1560%14.312-36%10.812-15%10.521-13%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Market Cap78987110566.400-22%96226558892.80096226558892.8000%106754847161.600-10%91084662655.360+6%88773179460.800+8%
Net Profit Margin----0%-0%-0%-0%
Operating Margin----0%-0%-0%-0%
Operating Ratio----0%-0%-0%-0%
Pb Ratio3.134-22%3.8183.8180%4.236-10%3.615+6%3.556+7%
Pe Ratio17.288-22%21.06221.0620%14.949+41%17.396+21%17.342+21%
Price Per Share158.300-22%192.850192.8500%213.950-10%182.545+6%177.913+8%
Price To Free Cash Flow Ratio----0%-0%-0%-0%
Price To Total Gains Ratio20.299-22%24.72924.7290%15.549+59%18.270+35%15.699+58%
Quick Ratio--0.1800.1800%0.168+7%0.149+20%0.125+44%
Return On Assets--0.0350.0350%0.055-36%0.043-18%0.041-14%
Return On Equity--0.1810.1810%0.283-36%0.214-15%0.210-14%
Total Gains Per Share--7.7987.7980%13.760-43%10.316-24%17.664-56%
Usd Book Value--2333936700.0002333936700.0000%2333936700.0000%2328502932.000+0%2305959153.333+1%
Usd Book Value Change Per Share----0%-0.0150%0.056-100%0.780-100%
Usd Book Value Per Share--4.6774.6770%4.6770%4.667+0%4.621+1%
Usd Dividend Per Share--0.7220.7220%1.289-44%0.899-20%0.856-16%
Usd Eps--0.8480.8480%1.325-36%1.001-15%0.974-13%
Usd Free Cash Flow----0%-0%-0%-0%
Usd Market Cap7314206438.449-22%8910579353.4738910579353.4730%9885498847.164-10%8434439761.886+6%8220396418.070+8%
Usd Price Per Share14.659-22%17.85817.8580%19.812-10%16.904+6%16.475+8%
Usd Profit--423070880.000423070880.0000%661265860.000-36%499578852.000-15%486123763.333-13%
Usd Revenue----0%-0%-0%-0%
Usd Total Gains Per Share--0.7220.7220%1.274-43%0.955-24%1.636-56%
 EOD+3 -4MRQTTM+0 -0YOY+4 -145Y+9 -1610Y+11 -14

3.2. Fundamental Score

Let's check the fundamental score of Gjensidige Forsikring ASA based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1517.288
Price to Book Ratio (EOD)Between0-13.134
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.180
Current Ratio (MRQ)Greater than10.976
Debt to Asset Ratio (MRQ)Less than10.806
Debt to Equity Ratio (MRQ)Less than14.151
Return on Equity (MRQ)Greater than0.150.181
Return on Assets (MRQ)Greater than0.050.035
Total2/10 (20.0%)

3.3. Technical Score

Let's check the technical score of Gjensidige Forsikring ASA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5043.262
Ma 20Greater thanMa 50159.794
Ma 50Greater thanMa 100161.789
Ma 100Greater thanMa 200166.359
OpenGreater thanClose158.300
Total1/5 (20.0%)



Latest Balance Sheet

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

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

Assets

Total Assets-
Total Current Assets54,988,900
Long-term Assets-
Total Current Assets
Net Receivables 10,120,000
Other Current Assets 1,639,600
Total Current Assets  (as reported)54,988,900
Total Current Assets  (calculated)11,759,600
+/- 43,229,300
Long-term Assets
Property Plant Equipment 1,635,900
Long-term Assets  (as reported)0
Long-term Assets  (calculated)1,635,900
+/- 1,635,900

Liabilities & Shareholders' Equity

Total Current Liabilities56,339,300
Long-term Liabilities-
Total Stockholder Equity-
Total Current Liabilities
Accounts payable 29,910,600
Other Current Liabilities 23,306,200
Total Current Liabilities  (as reported)56,339,300
Total Current Liabilities  (calculated)53,216,800
+/- 3,122,500
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Common Stock1,000,000
Other Stockholders Equity -472,800
Total Stockholder Equity (as reported)0
Total Stockholder Equity (calculated)527,200
+/- 527,200
Other
Net Tangible Assets 18,271,800



Balance Sheet

Currency in NOK. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
> Total Assets 
149,072,400
156,762,900
112,405,900
118,312,000
129,822,100
0
0129,822,100118,312,000112,405,900156,762,900149,072,400
   > Total Current Assets 
0
101,224,700
50,312,900
50,098,400
55,005,600
54,988,900
54,988,90055,005,60050,098,40050,312,900101,224,7000
       Cash And Cash Equivalents 
2,685,200
2,363,300
2,419,500
2,861,100
2,348,100
0
02,348,1002,861,1002,419,5002,363,3002,685,200
       Net Receivables 
0
7,866,400
8,289,600
8,267,700
9,158,600
10,120,000
10,120,0009,158,6008,267,7008,289,6007,866,4000
       Other Current Assets 
0
59,403,600
2,006,600
2,356,300
5,986,300
1,639,600
1,639,6005,986,3002,356,3002,006,60059,403,6000
   > Long-term Assets 000000
       Property Plant Equipment 
290,100
251,900
1,264,900
1,149,600
1,440,300
1,635,900
1,635,9001,440,3001,149,6001,264,900251,900290,100
       Goodwill 
3,557,400
3,577,000
3,554,600
3,773,400
3,954,500
0
03,954,5003,773,4003,554,6003,577,0003,557,400
       Intangible Assets 
1,472,200
1,288,100
1,124,800
1,132,400
1,732,000
0
01,732,0001,132,4001,124,8001,288,1001,472,200
> Total Liabilities 
125,387,300
132,918,200
86,214,300
93,028,200
104,617,600
0
0104,617,60093,028,20086,214,300132,918,200125,387,300
   > Total Current Liabilities 
0
103,258,600
49,970,300
52,528,900
54,392,300
56,339,300
56,339,30054,392,30052,528,90049,970,300103,258,6000
       Accounts payable 
0
29,542,000
28,381,100
28,769,000
29,450,600
29,910,600
29,910,60029,450,60028,769,00028,381,10029,542,0000
       Other Current Liabilities 
0
71,410,400
19,082,300
21,005,900
21,961,800
23,306,200
23,306,20021,961,80021,005,90019,082,30071,410,4000
   > Long-term Liabilities 000000
       Other Liabilities 
0
28,161,200
33,815,800
38,180,000
46,763,100
49,364,000
49,364,00046,763,10038,180,00033,815,80028,161,2000
> Total Stockholder Equity
23,685,100
23,844,700
26,191,600
25,283,800
25,204,500
0
025,204,50025,283,80026,191,60023,844,70023,685,100
   Common Stock
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,0001,000,0001,000,0001,000,0001,000,0001,000,000
   Retained Earnings Total Equity000000
   Accumulated Other Comprehensive Income 000000
   Capital Surplus 
1,430,000
1,430,000
1,430,000
1,430,000
1,430,000
0
01,430,0001,430,0001,430,0001,430,0001,430,000
   Treasury Stock0000-1000
   Other Stockholders Equity 
20,616,800
531,500
-489,900
-205,500
-468,700
-472,800
-472,800-468,700-205,500-489,900531,50020,616,800



Balance Sheet

Currency in NOK. All numbers in thousands.




Cash Flow

Currency in NOK. All numbers in thousands.




Income Statement

Currency in NOK. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue-
Cost of Revenue--
Gross Profit-0
 
Operating Income (+$)
Gross Profit-
Operating Expense--
Operating Income-0
 
Operating Expense (+$)
Research Development-
Selling General Administrative-
Selling And Marketing Expenses-
Operating Expense-0
 
Net Interest Income (+$)
Interest Income-
Interest Expense--
Other Finance Cost-0
Net Interest Income-
 
Pretax Income (+$)
Operating Income-
Net Interest Income-
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-0
EBIT - interestExpense = 6,161,600
1,255,100
0
Interest Expense-
Earnings Before Interest and Taxes (EBIT)6,161,6000
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-
Tax Provision--
Net Income From Continuing Ops-0
Net Income-
Net Income Applicable To Common Shares4,568,800
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses90,200
Total Other Income/Expenses Net-0
 

Technical Analysis of Gjensidige
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 Gjensidige. The general trend of Gjensidige is BEARISH with 71.4% 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 Gjensidige'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 (-71.4%) Bearish trend (71.4%)
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 Gjensidige Forsikring ASA.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 164.80 < 165.08 < 177.78.

The bearish price targets are: 151.34 > 143.57 > 141.49.

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Gjensidige Forsikring ASA 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 Gjensidige Forsikring ASA. The current mas is .

The long score for the Moving Averages is 2/14.
The longshort score for the Moving Averages is -10/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below 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

Gjensidige Forsikring ASA 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 Gjensidige Forsikring ASA. The current macd is -1.23028893.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Gjensidige price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Gjensidige. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Gjensidige price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -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
Gjensidige Forsikring ASA Daily Moving Average Convergence/Divergence (MACD) ChartGjensidige Forsikring ASA 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 Gjensidige Forsikring ASA. The current adx is 13.39.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-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 Gjensidige shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Gjensidige Forsikring ASA 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 Gjensidige Forsikring ASA. The current sar is 165.20.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Gjensidige Forsikring ASA 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 Gjensidige Forsikring ASA. The current rsi is 43.26. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -3/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
Gjensidige Forsikring ASA Daily Relative Strength Index (RSI) ChartGjensidige Forsikring ASA 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 Gjensidige Forsikring ASA. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Gjensidige price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Gjensidige Forsikring ASA Daily Stochastic Oscillator ChartGjensidige Forsikring ASA 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 Gjensidige Forsikring ASA. The current cci is -96.33966634.

Gjensidige Forsikring ASA Daily Commodity Channel Index (CCI) ChartGjensidige Forsikring ASA 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 Gjensidige Forsikring ASA. The current cmo is -12.62151181.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Gjensidige Forsikring ASA Daily Chande Momentum Oscillator (CMO) ChartGjensidige Forsikring ASA 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 Gjensidige Forsikring ASA. The current willr is -72.16576377.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Gjensidige is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Gjensidige Forsikring ASA Daily Williams %R ChartGjensidige Forsikring ASA 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 Gjensidige Forsikring ASA.

Gjensidige Forsikring ASA 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 Gjensidige Forsikring ASA. The current atr is 2.49998142.

Gjensidige Forsikring ASA Daily Average True Range (ATR) ChartGjensidige Forsikring ASA 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 Gjensidige Forsikring ASA. The current obv is -2,595,267.

Gjensidige Forsikring ASA Daily On-Balance Volume (OBV) ChartGjensidige Forsikring ASA 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 Gjensidige Forsikring ASA. The current mfi is 22.64.

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
Gjensidige Forsikring ASA Daily Money Flow Index (MFI) ChartGjensidige Forsikring ASA Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Gjensidige Forsikring ASA.

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
2023-11-07STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-08CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-13MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-14STOCH 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).
2023-11-15ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-17STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-23STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-06STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-12CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-13MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI 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).
2023-12-19CMO 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).
2023-12-21DMI 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
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-27DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-29CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-04CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-24STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-29WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-02RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-02-06STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-08MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-13RSI LONG ENTRY SHORT CLOSE30 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-15BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-16CMO 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).
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-21STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-22DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-27ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-29WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-11MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-12DMI 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
2024-03-13CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-18CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-19MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Gjensidige Forsikring ASA Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Gjensidige Forsikring ASA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5043.262
Ma 20Greater thanMa 50159.794
Ma 50Greater thanMa 100161.789
Ma 100Greater thanMa 200166.359
OpenGreater thanClose158.300
Total1/5 (20.0%)
Penke

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