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Nesco Limited
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I guess you are interested in Nesco Limited. 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 Nesco Limited. 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.

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Quick analysis of Nesco Limited (30 sec.)










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

How much money do you get?

How much money do you get?
INR0.22
When do you have the money?
1 year
How often do you get paid?
87.5%

What is your share worth?

Current worth
INR325.93
Expected worth in 1 year
INR514.36
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
INR206.43
Return On Investment
21.9%

For what price can you sell your share?

Current Price per Share
INR940.90
Expected price per share
INR793.00 - INR1,003
How sure are you?
50%
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1. Valuation of Nesco Limited (5 min.)




Live pricePrice per Share (EOD)

INR940.90

Intrinsic Value Per Share

INR429.32 - INR653.90

Total Value Per Share

INR755.25 - INR979.83

2. Growth of Nesco Limited (5 min.)




Is Nesco Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$275.5m$235.7m$39.8m14.5%

How much money is Nesco Limited making?

Current yearPrevious yearGrowGrow %
Making money$43.5m$34.8m$8.6m19.9%
Net Profit Margin53.5%53.2%--

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

3. Financial Health of Nesco Limited (5 min.)




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

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

What can you expect buying and holding a share of Nesco Limited?

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

Speculation

The Price per Share of Nesco Limited is INR940.90. 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 Nesco Limited.
  • 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 Nesco Limited, 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 INR325.93. Based on the TTM, the Book Value Change Per Share is INR47.11 per quarter. Based on the YOY, the Book Value Change Per Share is INR37.87 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 INR4.50 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Nesco Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.620.1%0.620.1%0.490.1%0.430.0%0.340.0%
Usd Book Value Change Per Share0.570.1%0.570.1%0.450.0%0.380.0%0.490.1%
Usd Dividend Per Share0.050.0%0.050.0%0.040.0%0.040.0%0.030.0%
Usd Total Gains Per Share0.620.1%0.620.1%0.490.1%0.420.0%0.520.1%
Usd Price Per Share10.59-10.59-7.33-7.88-10.44-
Price to Earnings Ratio17.15-17.15-14.80-19.18-23.63-
Price-to-Total Gains Ratio17.11-17.11-14.94-19.35-18.90-
Price to Book Ratio2.71-2.71-2.19-2.65-3.93-
Price-to-Total Gains Ratio17.11-17.11-14.94-19.35-18.90-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share11.2908
Number of shares88
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.050.04
Usd Book Value Change Per Share0.570.38
Usd Total Gains Per Share0.620.42
Gains per Quarter (88 shares)54.5037.13
Gains per Year (88 shares)217.99148.53
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
11919920814135139
23839842627270288
35759764441405437
47679686254540586
595995108068675735
61141194129881810884
713313931516959451033
81521592173410810801182
91711791195212212151331
101901990217013513501480

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%8.00.00.0100.0%8.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.00.00.0100.0%8.00.00.0100.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%4.00.01.080.0%7.00.01.087.5%7.00.01.087.5%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.00.00.0100.0%8.00.00.0100.0%
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Fundamentals of Nesco Limited

About Nesco Limited

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very 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 fair priced.
Based on how much money comes from the company's main activities, the company is underpriced.
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1.1. Profitability of Nesco Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Nesco Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare¬†Nesco Limited to the¬†Real Estate Operations industry mean.
  • A Net Profit Margin of 53.5%¬†means that¬†₹0.53 for each ₹1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Nesco Limited:

  • The MRQ is 53.5%. The company is making a huge profit. +2
  • The TTM is 53.5%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ53.5%TTM53.5%0.0%
TTM53.5%YOY53.2%+0.3%
TTM53.5%5Y55.2%-1.7%
5Y55.2%10Y54.5%+0.8%
1.1.2. Return on Assets

Shows how efficient Nesco Limited is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Nesco Limited to the¬†Real Estate Operations industry mean.
  • 13.7% Return on Assets means that¬†Nesco Limited generated¬†₹0.14 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Nesco Limited:

  • The MRQ is 13.7%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 13.7%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ13.7%TTM13.7%0.0%
TTM13.7%YOY12.8%+0.8%
TTM13.7%5Y12.0%+1.7%
5Y12.0%10Y13.6%-1.6%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare¬†Nesco Limited to the¬†Real Estate Operations industry mean.
  • 15.8% Return on Equity means Nesco Limited generated ₹0.16¬†for each¬†₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Nesco Limited:

  • The MRQ is 15.8%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 15.8%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ15.8%TTM15.8%0.0%
TTM15.8%YOY14.8%+1.0%
TTM15.8%5Y14.0%+1.7%
5Y14.0%10Y16.1%-2.0%
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1.2. Operating Efficiency of Nesco Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Nesco Limited is operating .

  • Measures how much profit Nesco Limited 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¬†Nesco Limited to the¬†Real Estate Operations industry mean.
  • An Operating Margin of 0.0%¬†means the company generated ₹0.00 ¬†for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Nesco Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y14.9%-14.9%
5Y14.9%10Y34.3%-19.5%
1.2.2. Operating Ratio

Measures how efficient Nesco Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Real Estate Operations industry mean).
  • An Operation Ratio of 0.54 means that the operating costs are ₹0.54 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Nesco Limited:

  • The MRQ is 0.539. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.539. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.539TTM0.5390.000
TTM0.539YOY0.524+0.015
TTM0.5395Y0.507+0.032
5Y0.50710Y0.439+0.067
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1.3. Liquidity of Nesco Limited.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to¬†Real Estate Operations industry mean).
  • A Current Ratio of 3.12¬†means the company has ₹3.12 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Nesco Limited:

  • The MRQ is 3.121. The company is very able to pay all its short-term debts. +2
  • The TTM is 3.121. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ3.121TTM3.1210.000
TTM3.121YOY4.698-1.577
TTM3.1215Y3.738-0.617
5Y3.73810Y2.841+0.897
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but¬†always compare¬†Nesco Limited to the¬†Real Estate Operations industry mean.
  • A Quick Ratio of 2.71¬†means the company can pay off ₹2.71 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Nesco Limited:

  • The MRQ is 2.713. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 2.713. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ2.713TTM2.7130.000
TTM2.713YOY7.397-4.685
TTM2.7135Y5.533-2.820
5Y5.53310Y3.914+1.619
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1.4. Solvency of Nesco Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Nesco Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Nesco Limited to Real Estate Operations industry mean.
  • A Debt to Asset Ratio of 0.13¬†means that Nesco Limited assets are¬†financed with 13.3% credit (debt) and the remaining percentage (100% - 13.3%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Nesco Limited:

  • The MRQ is 0.133. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.133. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.133TTM0.1330.000
TTM0.133YOY0.132+0.002
TTM0.1335Y0.144-0.011
5Y0.14410Y0.152-0.007
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but¬†always compare¬†Nesco Limited to the¬†Real Estate Operations industry mean.
  • A Debt to Equity ratio of 15.4% means that company has ₹0.15 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Nesco Limited:

  • The MRQ is 0.154. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.154. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.154TTM0.1540.000
TTM0.154YOY0.152+0.002
TTM0.1545Y0.169-0.015
5Y0.16910Y0.179-0.011
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2. Market Valuation of Nesco Limited

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 Nesco Limited generates.

  • Above 15 is considered overpriced but¬†always compare¬†Nesco Limited to the¬†Real Estate Operations industry mean.
  • A PE ratio of 17.15 means the investor is paying ₹17.15¬†for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Nesco Limited:

  • The EOD is 18.274. Based on the earnings, the company is fair priced.
  • The MRQ is 17.148. Based on the earnings, the company is fair priced.
  • The TTM is 17.148. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD18.274MRQ17.148+1.126
MRQ17.148TTM17.1480.000
TTM17.148YOY14.801+2.347
TTM17.1485Y19.183-2.035
5Y19.18310Y23.633-4.450
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 24.388. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 22.884. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 22.884. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD24.388MRQ22.884+1.503
MRQ22.884TTM22.8840.000
TTM22.884YOY15.135+7.750
TTM22.8845Y80.977-58.092
5Y80.97710Y682.018-601.041
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2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy¬†(always compare to Real Estate Operations industry mean).
  • A PB ratio of 2.71 means the investor is paying ₹2.71¬†for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Nesco Limited:

  • The EOD is 2.887. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.709. Based on the equity, the company is underpriced. +1
  • The TTM is 2.709. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.887MRQ2.709+0.178
MRQ2.709TTM2.7090.000
TTM2.709YOY2.190+0.519
TTM2.7095Y2.653+0.056
5Y2.65310Y3.926-1.273
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Nesco Limited 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--47.10647.1060%37.873+24%31.962+47%40.741+16%
Book Value Per Share--325.931325.9310%278.824+17%251.080+30%187.312+74%
Current Ratio--3.1213.1210%4.698-34%3.738-16%2.841+10%
Debt To Asset Ratio--0.1330.1330%0.132+1%0.144-7%0.152-12%
Debt To Equity Ratio--0.1540.1540%0.152+2%0.169-9%0.179-14%
Dividend Per Share--4.5004.5000%3.000+50%3.200+41%2.564+75%
Eps--51.48851.4880%41.248+25%35.451+45%28.038+84%
Free Cash Flow Per Share--38.58138.5810%40.338-4%22.563+71%14.678+163%
Free Cash Flow To Equity Per Share--38.58138.5810%36.978+4%19.969+93%12.364+212%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--653.901--------
Intrinsic Value_10Y_min--429.319--------
Intrinsic Value_1Y_max--35.379--------
Intrinsic Value_1Y_min--28.005--------
Intrinsic Value_3Y_max--129.275--------
Intrinsic Value_3Y_min--97.648--------
Intrinsic Value_5Y_max--250.871--------
Intrinsic Value_5Y_min--181.557--------
Market Cap--62209098684.00062209098684.0000%43015805580.000+45%46275283329.600+34%48160948436.889+29%
Net Profit Margin--0.5350.5350%0.532+0%0.552-3%0.545-2%
Operating Margin----0%-0%0.149-100%0.343-100%
Operating Ratio--0.5390.5390%0.524+3%0.507+6%0.439+23%
Pb Ratio2.887+6%2.7092.7090%2.190+24%2.653+2%3.926-31%
Pe Ratio18.274+6%17.14817.1480%14.801+16%19.183-11%23.633-27%
Price Per Share940.900+6%882.900882.9000%610.500+45%656.760+34%870.194+1%
Price To Free Cash Flow Ratio24.388+6%22.88422.8840%15.135+51%80.977-72%682.018-97%
Price To Total Gains Ratio18.232+6%17.10817.1080%14.937+15%19.353-12%18.900-9%
Quick Ratio--2.7132.7130%7.397-63%5.533-51%3.914-31%
Return On Assets--0.1370.1370%0.128+7%0.120+14%0.136+1%
Return On Equity--0.1580.1580%0.148+7%0.140+12%0.161-2%
Total Gains Per Share--51.60651.6060%40.873+26%35.162+47%43.306+19%
Usd Book Value--275580612.000275580612.0000%235751196.000+17%212293094.400+30%167458501.333+65%
Usd Book Value Change Per Share--0.5650.5650%0.454+24%0.384+47%0.489+16%
Usd Book Value Per Share--3.9113.9110%3.346+17%3.013+30%2.248+74%
Usd Dividend Per Share--0.0540.0540%0.036+50%0.038+41%0.031+75%
Usd Eps--0.6180.6180%0.495+25%0.425+45%0.336+84%
Usd Free Cash Flow--32620932.00032620932.0000%34106484.000-4%19077813.600+71%12105348.000+169%
Usd Free Cash Flow Per Share--0.4630.4630%0.484-4%0.271+71%0.176+163%
Usd Free Cash Flow To Equity Per Share--0.4630.4630%0.444+4%0.240+93%0.148+212%
Usd Market Cap--746509184.208746509184.2080%516189666.960+45%555303399.955+34%577931381.243+29%
Usd Price Per Share11.291+6%10.59510.5950%7.326+45%7.881+34%10.442+1%
Usd Profit--43534032.00043534032.0000%34876356.000+25%29974483.200+45%25629070.667+70%
Usd Revenue--81382188.00081382188.0000%65520192.000+24%54825952.800+48%47288038.667+72%
Usd Total Gains Per Share--0.6190.6190%0.490+26%0.422+47%0.520+19%
 EOD+2 -4MRQTTM+0 -0YOY+22 -125Y+27 -810Y+28 -7

3.2. Fundamental Score

Let's check the fundamental score of Nesco Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1518.274
Price to Book Ratio (EOD)Between0-12.887
Net Profit Margin (MRQ)Greater than00.535
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than12.713
Current Ratio (MRQ)Greater than13.121
Debt to Asset Ratio (MRQ)Less than10.133
Debt to Equity Ratio (MRQ)Less than10.154
Return on Equity (MRQ)Greater than0.150.158
Return on Assets (MRQ)Greater than0.050.137
Total7/10 (70.0%)

3.3. Technical Score

Let's check the technical score of Nesco Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5054.858
Ma 20Greater thanMa 50942.163
Ma 50Greater thanMa 100895.566
Ma 100Greater thanMa 200869.033
OpenGreater thanClose910.150
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in INR. All numbers in thousands.

Summary
Total Assets26,503,159
Total Liabilities3,538,108
Total Stockholder Equity22,965,051
 As reported
Total Liabilities 3,538,108
Total Stockholder Equity+ 22,965,051
Total Assets = 26,503,159

Assets

Total Assets26,503,159
Total Current Assets4,690,074
Long-term Assets21,813,085
Total Current Assets
Cash And Cash Equivalents 220,880
Short-term Investments 3,954,882
Net Receivables 121,304
Inventory 135,591
Other Current Assets 257,417
Total Current Assets  (as reported)4,690,074
Total Current Assets  (calculated)4,690,074
+/-0
Long-term Assets
Property Plant Equipment 2,814,648
Intangible Assets 15,482
Long-term Assets Other 357,761
Long-term Assets  (as reported)21,813,085
Long-term Assets  (calculated)3,187,891
+/- 18,625,194

Liabilities & Shareholders' Equity

Total Current Liabilities1,502,517
Long-term Liabilities2,035,591
Total Stockholder Equity22,965,051
Total Current Liabilities
Accounts payable 151,941
Other Current Liabilities 559,640
Total Current Liabilities  (as reported)1,502,517
Total Current Liabilities  (calculated)711,581
+/- 790,936
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt2,588
Long-term Liabilities Other 434,584
Long-term Liabilities  (as reported)2,035,591
Long-term Liabilities  (calculated)437,172
+/- 1,598,419
Total Stockholder Equity
Total Stockholder Equity (as reported)22,965,051
Total Stockholder Equity (calculated)0
+/- 22,965,051
Other
Capital Stock140,920
Common Stock Shares Outstanding 70,460
Net Invested Capital 22,965,051
Net Working Capital 3,187,557
Property Plant and Equipment Gross 2,814,648



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-31
> Total Assets 
8,405,638
10,332,361
11,829,078
13,487,339
16,097,289
18,218,132
19,718,188
22,626,810
26,503,159
26,503,15922,626,81019,718,18818,218,13216,097,28913,487,33911,829,07810,332,3618,405,638
   > Total Current Assets 
1,617,852
1,205,983
1,179,408
702,716
1,109,320
2,118,888
6,132,192
5,271,652
4,690,074
4,690,0745,271,6526,132,1922,118,8881,109,320702,7161,179,4081,205,9831,617,852
       Cash And Cash Equivalents 
2,651
4,835
6,493
7,867
6,272
66,173
67,786
119,486
220,880
220,880119,48667,78666,1736,2727,8676,4934,8352,651
       Short-term Investments 
0
728,423
728,380
263,925
408,475
1,251,483
5,264,867
3,977,095
3,954,882
3,954,8823,977,0955,264,8671,251,483408,475263,925728,380728,4230
       Net Receivables 
146,365
121,160
141,431
180,423
160,313
295,969
186,290
226,223
121,304
121,304226,223186,290295,969160,313180,423141,431121,160146,365
       Inventory 
110,347
133,932
131,062
103,074
113,205
126,640
138,423
195,864
135,591
135,591195,864138,423126,640113,205103,074131,062133,932110,347
       Other Current Assets 
14,938
11,274
15,097
16,114
31,082
20,025
21,209
21,743
257,417
257,41721,74321,20920,02531,08216,11415,09711,27414,938
   > Long-term Assets 
0
9,126,378
10,563,704
12,784,623
14,987,969
16,099,244
16,871,827
17,355,158
21,813,085
21,813,08517,355,15816,871,82716,099,24414,987,96912,784,62310,563,7049,126,3780
       Property Plant Equipment 
3,082,430
4,501,467
4,541,476
5,991,038
971,996
1,277,874
1,769,944
2,348,531
2,814,648
2,814,6482,348,5311,769,9441,277,874971,9965,991,0384,541,4764,501,4673,082,430
       Intangible Assets 
0
0
5,850
19,524
29,205
25,680
23,417
19,501
15,482
15,48219,50123,41725,68029,20519,5245,85000
       Long-term Assets Other 
0
498,751
-4
-1
-10
230,334
127,175
124,773
357,761
357,761124,773127,175230,334-10-1-4498,7510
> Total Liabilities 
1,593,528
1,822,177
1,717,706
1,782,585
2,522,510
2,925,841
2,740,786
2,980,877
3,538,108
3,538,1082,980,8772,740,7862,925,8412,522,5101,782,5851,717,7061,822,1771,593,528
   > Total Current Liabilities 
495,539
623,984
1,296,509
906,100
1,009,165
1,226,272
762,420
1,121,998
1,502,517
1,502,5171,121,998762,4201,226,2721,009,165906,1001,296,509623,984495,539
       Accounts payable 
0
228,968
186,192
107,619
146,037
105,908
88,913
144,405
151,941
151,941144,40588,913105,908146,037107,619186,192228,9680
       Other Current Liabilities 
0
28,649
0
0
156
548,608
309,469
437,154
559,640
559,640437,154309,469548,6081560028,6490
   > Long-term Liabilities 
0
1,198,190
421,186
876,485
1,513,345
1,699,569
1,978,366
1,858,879
2,035,591
2,035,5911,858,8791,978,3661,699,5691,513,345876,485421,1861,198,1900
       Long term Debt Total 
0
0
0
0
0
0
4,454
2,816
0
02,8164,454000000
> Total Stockholder Equity
6,812,110
8,510,184
10,111,372
11,704,754
13,574,779
15,292,291
16,977,402
19,645,933
22,965,051
22,965,05119,645,93316,977,40215,292,29113,574,77911,704,75410,111,3728,510,1846,812,110
   Common Stock
140,920
140,920
140,920
140,920
140,920
140,920
140,920
140,920
0
0140,920140,920140,920140,920140,920140,920140,920140,920
   Retained Earnings 
6,607,088
8,306,583
9,971,173
11,562,387
13,432,971
15,149,714
16,834,486
19,502,846
0
019,502,84616,834,48615,149,71413,432,97111,562,3879,971,1738,306,5836,607,088
   Capital Surplus 000000000
   Treasury Stock000000000
   Other Stockholders Equity 
91
-1,330
-721
1,447
888
1,657
1,996
2,167
0
02,1671,9961,6578881,447-721-1,33091



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue6,781,849
Cost of Revenue-594,411
Gross Profit6,187,4386,187,438
 
Operating Income (+$)
Gross Profit6,187,438
Operating Expense-3,060,887
Operating Income3,720,9623,126,551
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense3,060,8870
 
Net Interest Income (+$)
Interest Income0
Interest Expense-140,545
Other Finance Cost-0
Net Interest Income-140,545
 
Pretax Income (+$)
Operating Income3,720,962
Net Interest Income-140,545
Other Non-Operating Income Expenses0
Income Before Tax (EBT)4,629,8553,720,962
EBIT - interestExpense = -140,545
3,627,836
3,768,381
Interest Expense140,545
Earnings Before Interest and Taxes (EBIT)04,770,400
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax4,629,855
Tax Provision-1,002,019
Net Income From Continuing Ops3,627,8363,627,836
Net Income3,627,836
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0140,545
 

Technical Analysis of Nesco Limited
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 Nesco Limited. The general trend of Nesco Limited is BULLISH with 85.7% 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 Nesco Limited'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 (85.7%) Bearish trend (-85.7%)
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 Nesco Limited.

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

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

The bullish price targets are: 979.45 < 1,003.

The bearish price targets are: 901.65 > 814.00 > 793.00.

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Nesco Limited 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 Nesco Limited. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

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

Directionalities and relatives.

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

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

Nesco Limited 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 Nesco Limited. The current macd is 8.41647111.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-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 Nesco Limited price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Nesco Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Nesco Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Nesco Limited Daily Moving Average Convergence/Divergence (MACD) ChartNesco Limited 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 Nesco Limited. The current adx is 14.04.

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 Nesco Limited 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.
Nesco Limited 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 Nesco Limited. The current sar is 970.48.

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
Nesco Limited Daily Parabolic SAR Chart
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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 Nesco Limited. The current rsi is 54.86. The current phase is Continuation in bull market.

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

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Nesco Limited Daily Relative Strength Index (RSI) ChartNesco Limited 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 Nesco Limited. The current phase is Continuation in bull market.

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

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +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 Nesco Limited price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Nesco Limited Daily Stochastic Oscillator ChartNesco Limited 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 Nesco Limited. The current cci is -49.32265905.

Nesco Limited Daily Commodity Channel Index (CCI) ChartNesco Limited 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 Nesco Limited. The current cmo is 9.96129744.

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

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Nesco Limited Daily Chande Momentum Oscillator (CMO) ChartNesco Limited 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 Nesco Limited. The current willr is -49.55012853.

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 Nesco Limited is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Nesco Limited Daily Williams %R ChartNesco Limited Daily Williams %R Chart
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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 Nesco Limited.

Nesco Limited 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 Nesco Limited. The current atr is 31.83.

Nesco Limited Daily Average True Range (ATR) ChartNesco Limited Daily Average True Range (ATR) Chart
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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 Nesco Limited. The current obv is 504,970.

Nesco Limited Daily On-Balance Volume (OBV) ChartNesco Limited 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 Nesco Limited. The current mfi is 28.26.

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
Nesco Limited Daily Money Flow Index (MFI) ChartNesco Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Nesco Limited.

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
2024-02-14DMI 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).
2024-02-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-16SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-27CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-29CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-04CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-07WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-11DMI 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
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-12BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-14RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-01DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-04-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-04STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-04-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-08MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-09CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-15SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-04-18DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-04-22DMI 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.
2024-04-23CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-24MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-04-25CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-04-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-30CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-06DMI 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
2024-05-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-05-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
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).
2024-05-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-10SAR 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
2024-05-13STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-21BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-28SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-05-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-06-03STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-06-04DMI 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
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-05STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-06CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-06-07SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-06-10MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-06-11DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-12BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-13ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-14RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-06-19MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-06-20STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-06-27DMI 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
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-07-01DMI 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
2024-07-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-05STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-07-08STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-07-09MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-07-10DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-07-11STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside

6.3. Candlestick Patterns

Nesco Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Nesco Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5054.858
Ma 20Greater thanMa 50942.163
Ma 50Greater thanMa 100895.566
Ma 100Greater thanMa 200869.033
OpenGreater thanClose910.150
Total4/5 (80.0%)
Penke

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