25 XP   0   0   10

Nekkar Asa
Buy, Hold or Sell?

Let's analyse Nekkar together

PenkeI guess you are interested in Nekkar 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 Nekkar 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.

Get notifications about Nekkar Asa

I send you an email if I find something interesting about Nekkar Asa.

Quick analysis of Nekkar (30 sec.)










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

How much money do you get?

How much money do you get?
€0.00
When do you have the money?
1 year
How often do you get paid?
18.5%

What is your share worth?

Current worth
€0.31
Expected worth in 1 year
€0.34
How sure are you?
44.4%

+ What do you gain per year?

Total Gains per Share
€0.04
Return On Investment
4.8%

For what price can you sell your share?

Current Price per Share
€0.78
Expected price per share
€0.66 - €0.942
How sure are you?
50%

1. Valuation of Nekkar (5 min.)




Live pricePrice per Share (EOD)

€0.78

2. Growth of Nekkar (5 min.)




Is Nekkar growing?

Current yearPrevious yearGrowGrow %
How rich?$35.1m$25m$6.7m21.4%

How much money is Nekkar making?

Current yearPrevious yearGrowGrow %
Making money$778.3k$1.8m-$1m-136.8%
Net Profit Margin3.6%3.1%--

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

3. Financial Health of Nekkar (5 min.)




4. Comparing to competitors in the Specialty Industrial Machinery industry (5 min.)




  Industry Rankings (Specialty Industrial Machinery)  


Richest
#626 / 739

Most Revenue
#554 / 739

Most Profit
#445 / 739

Most Efficient
#260 / 739

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

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

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

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

Speculation

The Price per Share of Nekkar is €0.782. 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 Nekkar.
  • 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 Nekkar, 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 €0.31. Based on the TTM, the Book Value Change Per Share is €0.01 per quarter. Based on the YOY, the Book Value Change Per Share is €0.02 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 €0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Nekkar.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps0.022.0%0.011.8%0.022.2%0.022.3%0.011.3%
Usd Book Value Change Per Share0.045.2%0.011.3%0.022.2%-0.01-0.7%0.011.6%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.079.3%0.056.9%
Usd Total Gains Per Share0.045.2%0.011.3%0.022.2%0.078.6%0.078.5%
Usd Price Per Share0.56-0.59-0.93-0.64-0.60-
Price to Earnings Ratio8.81-10.78-16.52-25.32-14.00-
Price-to-Total Gains Ratio13.95-13.95-11.57-13.57-3.24-
Price to Book Ratio1.72-1.99-4.07-2.58-6.08-
Price-to-Total Gains Ratio13.95-13.95-11.57-13.57-3.24-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.8366618
Number of shares1195
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.07
Usd Book Value Change Per Share0.01-0.01
Usd Total Gains Per Share0.010.07
Gains per Quarter (1195 shares)12.0880.52
Gains per Year (1195 shares)48.31322.08
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
104838349-27312
209786698-53634
301451341046-80956
401931821395-1071278
502422301744-1341600
602902782093-1601922
703383262442-1872244
803873742791-2142566
904354223139-2412888
1004834703488-2673210

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 Share4.00.00.0100.0%12.00.00.0100.0%19.01.00.095.0%23.04.00.085.2%23.04.00.085.2%
Book Value Change Per Share1.00.03.025.0%3.01.08.025.0%8.03.09.040.0%11.07.09.040.7%11.07.09.040.7%
Dividend per Share0.00.04.00.0%0.00.012.00.0%5.00.015.025.0%5.00.022.018.5%5.00.022.018.5%
Total Gains per Share1.00.03.025.0%3.01.08.025.0%9.02.09.045.0%12.06.09.044.4%12.06.09.044.4%

Fundamentals of Nekkar

About Nekkar Asa

Nekkar ASA operates in shipyard, aquaculture, renewables, and digital solutions. The company offers shipyard solutions, including Syncrolift shiplift and transfer systems for launching and retrievals of vessels, as well as fast and reliable way of moving vessels around the yard; and FastDocking products for efficient operations during docking and maintenance of vessels. It also offers service and upgrades, shiplift and transfer systems maintenance, spare replacements, and upgrades of small and larger components. In addition, the company offers starfish, an automated and closed cage solution that has double protection against escapes, avoids problems with salmon lice due to water intake from deep waters below the cage, and can collect up to 90 percent of biological waste; and SkyWalker, a wind turbine installation tool. Further, it develops open software platforms for collection, monitoring, and control of data for numerous industries. The company operates in South Asia, North East Asia, Europe, South East Asia, Africa, North America, South America, West Asia, Australia, and internationally. The company was formerly known as TTS Group ASA and changed its name to Nekkar ASA in July 2019. Nekkar ASA founded in 1966 and is headquartered in Kristiansand, Norway.

Fundamental data was last updated by Penke on 2024-04-18 02:26:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is very efficient in keeping operating costs low.
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 very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

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

1.1. Profitability of Nekkar Asa.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Nekkar earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Nekkar to the Specialty Industrial Machinery industry mean.
  • A Net Profit Margin of 14.3% means that €0.14 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Nekkar Asa:

  • The MRQ is 14.3%. The company is making a huge profit. +2
  • The TTM is 3.6%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ14.3%TTM3.6%+10.8%
TTM3.6%YOY3.1%+0.5%
TTM3.6%5Y15.4%-11.9%
5Y15.4%10Y-61.7%+77.1%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ14.3%5.0%+9.3%
TTM3.6%5.3%-1.7%
YOY3.1%5.4%-2.3%
5Y15.4%4.6%+10.8%
10Y-61.7%4.9%-66.6%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Nekkar to the Specialty Industrial Machinery industry mean.
  • 3.7% Return on Assets means that Nekkar generated €0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Nekkar Asa:

  • The MRQ is 3.7%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.7%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.7%TTM1.7%+2.0%
TTM1.7%YOY4.7%-2.9%
TTM1.7%5Y4.1%-2.4%
5Y4.1%10Y2.5%+1.5%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ3.7%1.6%+2.1%
TTM1.7%1.5%+0.2%
YOY4.7%1.6%+3.1%
5Y4.1%1.5%+2.6%
10Y2.5%1.6%+0.9%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Nekkar to the Specialty Industrial Machinery industry mean.
  • 5.2% Return on Equity means Nekkar generated €0.05 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Nekkar Asa:

  • The MRQ is 5.2%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 2.5%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ5.2%TTM2.5%+2.7%
TTM2.5%YOY8.3%-5.8%
TTM2.5%5Y8.5%-6.0%
5Y8.5%10Y4.1%+4.3%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ5.2%3.6%+1.6%
TTM2.5%3.3%-0.8%
YOY8.3%3.5%+4.8%
5Y8.5%3.0%+5.5%
10Y4.1%3.1%+1.0%

1.2. Operating Efficiency of Nekkar Asa.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Nekkar is operating .

  • Measures how much profit Nekkar makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Nekkar to the Specialty Industrial Machinery industry mean.
  • An Operating Margin of 25.5% means the company generated €0.25  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Nekkar Asa:

  • The MRQ is 25.5%. The company is operating very efficient. +2
  • The TTM is 6.4%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ25.5%TTM6.4%+19.1%
TTM6.4%YOY1.0%+5.4%
TTM6.4%5Y6.3%+0.0%
5Y6.3%10Y-67.4%+73.7%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ25.5%7.8%+17.7%
TTM6.4%5.6%+0.8%
YOY1.0%6.6%-5.6%
5Y6.3%6.3%+0.0%
10Y-67.4%6.1%-73.5%
1.2.2. Operating Ratio

Measures how efficient Nekkar is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
  • An Operation Ratio of 1.23 means that the operating costs are €1.23 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Nekkar Asa:

  • The MRQ is 1.234. The company is inefficient in keeping operating costs low. -1
  • The TTM is 0.309. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ1.234TTM0.309+0.926
TTM0.309YOY0.365-0.057
TTM0.3095Y0.707-0.398
5Y0.70710Y0.873-0.166
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2341.551-0.317
TTM0.3091.547-1.238
YOY0.3651.519-1.154
5Y0.7071.503-0.796
10Y0.8731.329-0.456

1.3. Liquidity of Nekkar Asa.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
  • A Current Ratio of 3.58 means the company has €3.58 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Nekkar Asa:

  • The MRQ is 3.582. The company is very able to pay all its short-term debts. +2
  • The TTM is 0.896. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ3.582TTM0.896+2.687
TTM0.896YOY2.082-1.186
TTM0.8965Y1.405-0.510
5Y1.40510Y1.602-0.197
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ3.5821.681+1.901
TTM0.8961.682-0.786
YOY2.0821.643+0.439
5Y1.4051.750-0.345
10Y1.6021.660-0.058
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Nekkar to the Specialty Industrial Machinery industry mean.
  • A Quick Ratio of 1.41 means the company can pay off €1.41 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Nekkar Asa:

  • The MRQ is 1.407. The company is able to pay all its short-term debts with the most liquid assets. +1
  • The TTM is 0.352. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ1.407TTM0.352+1.055
TTM0.352YOY0.988-0.636
TTM0.3525Y0.432-0.081
5Y0.43210Y0.661-0.228
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4070.678+0.729
TTM0.3520.708-0.356
YOY0.9880.783+0.205
5Y0.4320.840-0.408
10Y0.6610.871-0.210

1.4. Solvency of Nekkar Asa.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Nekkar to Specialty Industrial Machinery industry mean.
  • A Debt to Asset Ratio of 0.25 means that Nekkar assets are financed with 24.6% credit (debt) and the remaining percentage (100% - 24.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Nekkar Asa:

  • The MRQ is 0.246. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.276. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.246TTM0.276-0.030
TTM0.276YOY0.375-0.099
TTM0.2765Y0.497-0.220
5Y0.49710Y0.543-0.046
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2460.499-0.253
TTM0.2760.504-0.228
YOY0.3750.504-0.129
5Y0.4970.499-0.002
10Y0.5430.491+0.052
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Nekkar to the Specialty Industrial Machinery industry mean.
  • A Debt to Equity ratio of 34.6% means that company has €0.35 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Nekkar Asa:

  • The MRQ is 0.346. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.406. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.346TTM0.406-0.059
TTM0.406YOY0.656-0.251
TTM0.4065Y1.702-1.296
5Y1.70210Y2.176-0.474
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3460.994-0.648
TTM0.4061.027-0.621
YOY0.6561.018-0.362
5Y1.7021.054+0.648
10Y2.1761.031+1.145

2. Market Valuation of Nekkar Asa

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Nekkar generates.

  • Above 15 is considered overpriced but always compare Nekkar to the Specialty Industrial Machinery industry mean.
  • A PE ratio of 8.81 means the investor is paying €8.81 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Nekkar Asa:

  • The EOD is 13.069. Based on the earnings, the company is underpriced. +1
  • The MRQ is 8.807. Based on the earnings, the company is underpriced. +1
  • The TTM is 10.782. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD13.069MRQ8.807+4.262
MRQ8.807TTM10.782-1.975
TTM10.782YOY16.520-5.738
TTM10.7825Y25.325-14.542
5Y25.32510Y13.998+11.326
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD13.06918.999-5.930
MRQ8.80718.390-9.583
TTM10.78219.716-8.934
YOY16.52019.499-2.979
5Y25.32523.856+1.469
10Y13.99829.256-15.258
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Nekkar 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
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ-5.129-5.129
TTM-2.669-2.669
YOY--0.355+0.355
5Y-1.216-1.216
10Y-1.658-1.658
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
  • A PB ratio of 1.72 means the investor is paying €1.72 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Nekkar Asa:

  • The EOD is 2.554. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.721. Based on the equity, the company is underpriced. +1
  • The TTM is 1.991. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.554MRQ1.721+0.833
MRQ1.721TTM1.991-0.269
TTM1.991YOY4.072-2.082
TTM1.9915Y2.576-0.586
5Y2.57610Y6.079-3.503
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD2.5542.053+0.501
MRQ1.7212.090-0.369
TTM1.9912.113-0.122
YOY4.0722.365+1.707
5Y2.5762.382+0.194
10Y6.0792.757+3.322
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Nekkar 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--0.0380.009+300%0.016+132%-0.005+114%0.011+233%
Book Value Per Share--0.3060.278+10%0.219+39%0.256+20%0.293+5%
Current Ratio--3.5820.896+300%2.082+72%1.405+155%1.602+124%
Debt To Asset Ratio--0.2460.276-11%0.375-35%0.497-51%0.543-55%
Debt To Equity Ratio--0.3460.406-15%0.656-47%1.702-80%2.176-84%
Dividend Per Share----0%-0%0.068-100%0.051-100%
Eps--0.0150.013+16%0.016-8%0.016-9%0.009+59%
Gross Profit Margin--1.0000.500+100%1.0000%0.800+25%0.852+17%
Market Cap82142062.000+31%56617099.30258865762.538-4%92929803.148-39%63580907.808-11%59456793.080-5%
Net Profit Margin--0.1430.036+300%0.031+365%0.154-7%-0.617+530%
Operating Margin--0.2550.064+300%0.010+2489%0.063+302%-0.674+365%
Operating Ratio--1.2340.309+300%0.365+238%0.707+75%0.873+41%
Pb Ratio2.554+33%1.7211.991-14%4.072-58%2.576-33%6.079-72%
Pe Ratio13.069+33%8.80710.782-18%16.520-47%25.325-65%13.998-37%
Price Per Share0.782+33%0.5270.551-4%0.873-40%0.599-12%0.562-6%
Price To Free Cash Flow Ratio----0%-0%-0%-0%
Price To Total Gains Ratio20.695+33%13.94613.9460%11.569+21%13.568+3%3.237+331%
Quick Ratio--1.4070.352+300%0.988+42%0.432+225%0.661+113%
Return On Assets--0.0370.017+113%0.047-21%0.041-10%0.025+45%
Return On Equity--0.0520.025+107%0.083-37%0.085-39%0.041+26%
Total Gains Per Share--0.0380.009+300%0.016+132%0.063-40%0.062-39%
Usd Book Value--35191576.62031792083.368+11%25000935.540+41%28992964.720+21%33058358.949+6%
Usd Book Value Change Per Share--0.0400.010+300%0.017+132%-0.006+114%0.012+233%
Usd Book Value Per Share--0.3280.297+10%0.235+39%0.274+20%0.313+5%
Usd Dividend Per Share----0%-0%0.073-100%0.054-100%
Usd Eps--0.0160.014+16%0.017-8%0.018-9%0.010+59%
Usd Free Cash Flow----0%-0%-0%-0%
Usd Market Cap87883792.134+31%60574634.54362980479.339-4%99425596.388-39%68025213.264-11%63612822.916-5%
Usd Price Per Share0.837+33%0.5640.589-4%0.934-40%0.641-12%0.601-6%
Usd Profit--1719433.936778305.749+121%1842836.443-7%1645276.891+5%903472.692+90%
Usd Revenue--11987646.1912996911.548+300%2263542.253+430%3582152.523+235%9561689.896+25%
Usd Total Gains Per Share--0.0400.010+300%0.017+132%0.067-40%0.066-39%
 EOD+4 -3MRQTTM+23 -4YOY+18 -95Y+17 -1310Y+22 -8

3.2. Fundamental Score

Let's check the fundamental score of Nekkar Asa based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1513.069
Price to Book Ratio (EOD)Between0-12.554
Net Profit Margin (MRQ)Greater than00.143
Operating Margin (MRQ)Greater than00.255
Quick Ratio (MRQ)Greater than11.407
Current Ratio (MRQ)Greater than13.582
Debt to Asset Ratio (MRQ)Less than10.246
Debt to Equity Ratio (MRQ)Less than10.346
Return on Equity (MRQ)Greater than0.150.052
Return on Assets (MRQ)Greater than0.050.037
Total7/10 (70.0%)

3.3. Technical Score

Let's check the technical score of Nekkar Asa based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5039.175
Ma 20Greater thanMa 500.829
Ma 50Greater thanMa 1000.860
Ma 100Greater thanMa 2000.841
OpenGreater thanClose0.764
Total2/5 (40.0%)



Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in NOK. All numbers in thousands.

Summary
Total Assets514,885
Total Liabilities126,545
Total Stockholder Equity365,422
 As reported
Total Liabilities 126,545
Total Stockholder Equity+ 365,422
Total Assets = 514,885

Assets

Total Assets514,885
Total Current Assets404,755
Long-term Assets110,130
Total Current Assets
Cash And Cash Equivalents 236,068
Net Receivables 158,934
Inventory 9,753
Total Current Assets  (as reported)404,755
Total Current Assets  (calculated)404,755
+/-0
Long-term Assets
Property Plant Equipment 25,638
Goodwill 17,050
Intangible Assets 66,776
Long-term Assets Other 666
Long-term Assets  (as reported)110,130
Long-term Assets  (calculated)110,130
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities112,991
Long-term Liabilities13,554
Total Stockholder Equity365,422
Total Current Liabilities
Accounts payable 43,311
Other Current Liabilities 23,483
Total Current Liabilities  (as reported)112,991
Total Current Liabilities  (calculated)66,794
+/- 46,197
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt14,728
Other Liabilities 745
Long-term Liabilities  (as reported)13,554
Long-term Liabilities  (calculated)15,473
+/- 1,919
Total Stockholder Equity
Common Stock11,817
Other Stockholders Equity 344,400
Total Stockholder Equity (as reported)365,422
Total Stockholder Equity (calculated)356,217
+/- 9,205
Other
Capital Stock11,817
Common Stock Shares Outstanding 107,433
Net Invested Capital 365,422
Net Tangible Assets 341,417
Net Working Capital 291,764



Balance Sheet

Currency in NOK. All numbers in thousands.

 Trend2023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-31
> Total Assets 
2,175,226
6,091
2,136,603
2,102,127
2,328,483
2,243,623
2,265,424
2,178,851
2,416,036
2,264,918
2,348,831
423,349
416,041
0
549,745
0
558,084
0
428,657
0
0
0
473,965
0
0
0
514,885
514,885000473,965000428,6570558,0840549,7450416,041423,3492,348,8312,264,9182,416,0362,178,8512,265,4242,243,6232,328,4832,102,1272,136,6036,0912,175,226
   > Total Current Assets 
1,341,966
1,852
1,316,367
1,298,799
2,295,843
2,212,239
2,231,650
2,134,572
2,377,405
2,225,625
2,286,579
366,729
340,286
472,395
472,395
468,097
468,097
0
329,303
358,288
358,288
0
371,857
411,214
411,214
0
404,755
404,7550411,214411,214371,8570358,288358,288329,3030468,097468,097472,395472,395340,286366,7292,286,5792,225,6252,377,4052,134,5722,231,6502,212,2392,295,8431,298,7991,316,3671,8521,341,966
       Cash And Cash Equivalents 
175,784
244
190,949
258,562
261,843
209,428
227,364
214,006
349,445
322,629
386,021
306,344
260,948
0
256,048
0
367,850
0
200,157
0
0
0
188,186
0
0
0
236,068
236,068000188,186000200,1570367,8500256,0480260,948306,344386,021322,629349,445214,006227,364209,428261,843258,562190,949244175,784
       Short-term Investments 
0
1,557
31,789
546
291
243
0
52,865
103,967
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000103,96752,865024329154631,7891,5570
       Net Receivables 
840,844
27
890,608
851,309
82,972
146,867
157,730
118,358
110,043
88,130
94,246
59,180
54,339
213,674
213,674
61,171
61,171
0
118,459
168,808
168,808
0
178,756
226,661
226,661
0
158,934
158,9340226,661226,661178,7560168,808168,808118,459061,17161,171213,674213,67454,33959,18094,24688,130110,043118,358157,730146,86782,972851,309890,60827840,844
       Inventory 
229,034
222,881
203,022
188,928
636
596
596
596
596
815
1,163
1,206
6,885
2,673
2,673
5,412
5,412
0
10,687
3,474
3,474
0
4,914
0
0
0
9,753
9,7530004,91403,4743,47410,68705,4125,4122,6732,6736,8851,2061,163815596596596596636188,928203,022222,881229,034
       Other Current Assets 
87,143
25
-1
8
1,944,413
1,855,348
1,845,960
1,748,747
1,916,203
-1
1,805,149
-1
15,362
0
0
30,914
30,914
0
0
11,505
11,505
0
1
136
136
0
0
001361361011,50511,5050030,91430,9140015,362-11,805,149-11,916,2031,748,7471,845,9601,855,3481,944,4138-12587,143
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
39,292
62,252
56,620
75,754
0
77,348
0
89,987
0
99,354
0
0
0
102,108
0
0
0
110,130
110,130000102,10800099,354089,987077,348075,75456,62062,25239,292000000000
       Property Plant Equipment 
94,338
196
89,828
85,126
7,322
8,522
8,557
8,089
13,611
14,500
15,313
9,594
7,112
6,657
6,657
12,300
12,300
0
14,099
20,243
20,243
0
17,983
0
0
0
25,638
25,63800017,983020,24320,24314,099012,30012,3006,6576,6577,1129,59415,31314,50013,6118,0898,5578,5227,32285,12689,82819694,338
       Goodwill 
575,799
566,169
572,643
567,680
0
0
0
0
0
0
19,236
19,217
16,643
0
35,367
0
16,643
0
16,643
0
0
0
16,643
0
0
0
17,050
17,05000016,64300016,643016,643035,367016,64319,21719,236000000567,680572,643566,169575,799
       Long Term Investments 
29,160
30,862
35,891
39,134
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000000039,13435,89130,86229,160
       Intangible Assets 
91,863
4,043
92,015
84,055
6,473
4,017
6,278
6,179
6,081
5,853
8,300
8,577
16,647
0
18,526
0
26,841
0
35,519
0
0
0
57,024
0
0
0
66,776
66,77600057,02400035,519026,841018,526016,6478,5778,3005,8536,0816,1796,2784,0176,47384,05592,0154,04391,863
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
39,292
30
31
-14
0
155
0
-12,301
0
1
0
0
0
0
0
0
0
666
666000000010-12,30101550-14313039,292000000000
> Total Liabilities 
1,558,800
1,721
1,543,961
1,516,324
1,721,023
1,708,888
1,756,026
1,677,547
1,901,806
1,747,971
1,783,847
228,709
182,496
0
314,400
0
354,607
0
173,583
0
0
0
135,643
0
0
0
126,545
126,545000135,643000173,5830354,6070314,4000182,496228,7091,783,8471,747,9711,901,8061,677,5471,756,0261,708,8881,721,0231,516,3241,543,9611,7211,558,800
   > Total Current Liabilities 
1,240,700
235
1,154,402
1,127,912
1,721,024
1,707,957
1,756,026
1,677,547
1,901,806
1,747,970
1,783,847
228,709
181,821
313,757
313,757
349,458
349,458
0
169,011
130,253
130,253
0
131,575
0
0
0
112,991
112,991000131,5750130,253130,253169,0110349,458349,458313,757313,757181,821228,7091,783,8471,747,9701,901,8061,677,5471,756,0261,707,9571,721,0241,127,9121,154,4022351,240,700
       Short-term Debt 
470,057
418,671
478,399
131,190
339,845
326,345
313,345
300,245
287,445
270,045
270,945
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000270,945270,045287,445300,245313,345326,345339,845131,190478,399418,671470,057
       Short Long Term Debt 
470,057
418,671
478,399
131,190
339,845
326,345
313,345
300,245
287,445
270,045
270,945
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000270,945270,045287,445300,245313,345326,345339,845131,190478,399418,671470,057
       Accounts payable 
257,318
235
12
24
16,277
10
0
0
9,715
0
0
13,269
14,005
0
15,794
24,616
24,616
0
19,800
20,682
20,682
0
35,737
0
0
0
43,311
43,31100035,737020,68220,68219,800024,61624,61615,794014,00513,269009,715001016,2772412235257,318
       Other Current Liabilities 
762,851
1,122,796
1,015,848
996,722
1,361,593
1,381,612
1,442,681
1,377,302
1,601,494
187,095
273,611
213,655
163,476
313,757
313,757
285,849
285,849
0
119,794
101,486
101,486
0
73,926
80,324
80,324
0
23,483
23,483080,32480,32473,9260101,486101,486119,7940285,849285,849313,757313,757163,476213,655273,611187,0951,601,4941,377,3021,442,6811,381,6121,361,593996,7221,015,8481,122,796762,851
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
1
0
0
675
0
643
0
5,149
0
4,572
0
0
0
4,068
0
0
0
13,554
13,5540004,0680004,57205,14906430675001000000000
       Capital Lease Obligations 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,550
0
5,267
0
0
0
5,042
0
0
0
14,728
14,7280005,0420005,26704,5500000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
1
0
0
0
0
2
0
0
0
-1
0
0
0
0
0
0
0
-1
-10000000-1000200001000000000
       Deferred Long Term Liability 
12,420
1,486
1,486
1,486
955
955
0
0
0
0
0
0
0
0
0
18,916
18,916
0
27,865
0
0
0
49,808
46,087
46,087
0
59,820
59,820046,08746,08749,80800027,865018,91618,9160000000009559551,4861,4861,48612,420
> Total Stockholder Equity
471,937
1,340
434,371
427,291
456,078
387,932
362,231
368,308
357,702
353,866
388,899
179,398
217,495
0
218,558
0
185,598
0
236,677
0
0
0
318,802
0
0
0
365,422
365,422000318,802000236,6770185,5980218,5580217,495179,398388,899353,866357,702368,308362,231387,932456,078427,291434,3711,340471,937
   Common Stock
9,527
6
9,527
9,527
9,527
9,548
9,560
9,573
9,580
9,688
9,688
11,618
11,618
11,618
11,618
11,696
11,696
0
11,696
11,714
11,714
0
11,747
11,746
11,746
0
11,817
11,817011,74611,74611,747011,71411,71411,696011,69611,69611,61811,61811,61811,6189,6889,6889,5809,5739,5609,5489,5279,5279,52769,527
   Retained Earnings Total Equity000000000000000000000000000
   Accumulated Other Comprehensive Income 000000000000000000000000000
   Capital Surplus 000000000000000000000000000
   Treasury Stock000000000000000000000000000
   Other Stockholders Equity 
313,044
280,895
275,478
268,398
297,185
228,040
201,838
207,316
196,398
187,664
222,696
-73,012
205,878
206,940
206,940
171,152
171,152
0
222,231
281,376
281,376
0
301,137
313,214
313,214
0
344,400
344,4000313,214313,214301,1370281,376281,376222,2310171,152171,152206,940206,940205,878-73,012222,696187,664196,398207,316201,838228,040297,185268,398275,478280,895313,044



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 (+$)
totalRevenue387,503
Cost of Revenue-206,132
Gross Profit181,371181,371
 
Operating Income (+$)
Gross Profit181,371
Operating Expense-335,738
Operating Income51,765-154,367
 
Operating Expense (+$)
Research Development-
Selling General Administrative19,959
Selling And Marketing Expenses-
Operating Expense335,73819,959
 
Net Interest Income (+$)
Interest Income4,884
Interest Expense-3,437
Other Finance Cost-622
Net Interest Income825
 
Pretax Income (+$)
Operating Income51,765
Net Interest Income825
Other Non-Operating Income Expenses-
Income Before Tax (EBT)42,63451,765
EBIT - interestExpense = -3,437
41,820
35,276
Interest Expense3,437
Earnings Before Interest and Taxes (EBIT)-46,071
Earnings Before Interest and Taxes (EBITDA)56,546
 
After tax Income (+$)
Income Before Tax42,634
Tax Provision-9,981
Net Income From Continuing Ops32,65432,653
Net Income31,839
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses38,836
Total Other Income/Expenses Net--825
 

Technical Analysis of Nekkar
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 Nekkar. The general trend of Nekkar is NEUTRAL with 0.0% 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 Nekkar'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 (0.0%) Bearish trend (0.0%)
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 Nekkar 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: 0.876 < 0.902 < 0.942.

The bearish price targets are: 0.748 > 0.743 > 0.66.

Tweet this
Nekkar 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 Nekkar Asa. The current mas is .

The long score for the Moving Averages is 7/14.
The longshort score for the Moving Averages is 0/(-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 higher 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 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 below 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

Nekkar 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 Nekkar Asa. The current macd is -0.02081307.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-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 Nekkar price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Nekkar. 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 Nekkar 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 down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Nekkar Asa Daily Moving Average Convergence/Divergence (MACD) ChartNekkar 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 Nekkar Asa. The current adx is 20.09.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-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 Nekkar shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1
Nekkar 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 Nekkar Asa. The current sar is 0.848.

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
Nekkar 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 Nekkar Asa. The current rsi is 39.17. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending up: The RSI is trending up. +1
Nekkar Asa Daily Relative Strength Index (RSI) ChartNekkar 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 Nekkar Asa. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-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 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 Nekkar price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Nekkar Asa Daily Stochastic Oscillator ChartNekkar 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 Nekkar Asa. The current cci is -146.3925376.

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
Nekkar Asa Daily Commodity Channel Index (CCI) ChartNekkar 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 Nekkar Asa. The current cmo is -22.64680414.

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
Nekkar Asa Daily Chande Momentum Oscillator (CMO) ChartNekkar 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 Nekkar Asa. The current willr is -68.51851852.

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 Nekkar is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Nekkar Asa Daily Williams %R ChartNekkar 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 Nekkar Asa.

Nekkar 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 Nekkar Asa. The current atr is 0.02816857.

Nekkar Asa Daily Average True Range (ATR) ChartNekkar 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 Nekkar Asa. The current obv is -62,871.

Nekkar Asa Daily On-Balance Volume (OBV) ChartNekkar 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 Nekkar Asa. The current mfi is 28.57.

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
Nekkar Asa Daily Money Flow Index (MFI) ChartNekkar Asa Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Nekkar 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
2023-12-05 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-06 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-07 00:00:00CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-08 00:00:00DMI 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.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-12 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-13 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-14 00:00:00SAR 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
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-18 00:00:00BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-19 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-20 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-21 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-27 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-29 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-04 00:00:00MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-05 00:00:00MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-09 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-12 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-15 00:00:00RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16 00:00:00MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-17 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-19 00:00:00CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-22 00:00:00SAR 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
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-23 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-24 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-25 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-26 00:00:00RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-29 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
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).
2024-01-30 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-01 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-05 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-07 00:00:00STOCH 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).
2024-02-08 00:00:00CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-09 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-12 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-14 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-15 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-16 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-19 00:00:00CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-20 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-21 00:00:00STOCH 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).
2024-02-22 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-23 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-26 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-27 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-28 00:00:00STOCH 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).
2024-02-29 00:00:00CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-01 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-04 00:00:00CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-06 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-07 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-11 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-13 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-14 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-15 00:00:00DMI 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
2024-03-18 00:00:00DMI 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.
2024-03-19 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-20 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-22 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-25 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-28 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-04-02 00:00:00MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-04-04 00:00:00STOCH 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).
2024-04-05 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-08 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-04-09 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-10 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-11 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-12 00:00:00CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-04-15 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-16 00:00:00SAR 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).
2024-04-18 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-19 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-22 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-23 00:00:00DMI 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
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-24 00:00:00DMI 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.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line 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).
2024-04-26 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Nekkar Asa Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Nekkar Asa based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5039.175
Ma 20Greater thanMa 500.829
Ma 50Greater thanMa 1000.860
Ma 100Greater thanMa 2000.841
OpenGreater thanClose0.764
Total2/5 (40.0%)
Penke

Good job! You gained 25 XP and 0   0   10 . What's next:

  • Share my analysis of Nekkar with someone you think should read this too:
  • Are you bullish or bearish on Nekkar? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about Nekkar? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about Nekkar Asa

I send you an email if I find something interesting about Nekkar Asa.


Comments

How you think about this?

Leave a comment

Stay informed about Nekkar Asa.

Receive notifications about Nekkar Asa in your mailbox!