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Medicover AB
Buy, Hold or Sell?

Let's analyse Medicover together

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

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

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

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Quick analysis of Medicover (30 sec.)










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

How much money do you get?

How much money do you get?
€0.13
When do you have the money?
1 year
How often do you get paid?
52.9%

What is your share worth?

Current worth
€3.33
Expected worth in 1 year
€3.26
How sure are you?
70.6%

+ What do you gain per year?

Total Gains per Share
€0.05
Return On Investment
0.4%

For what price can you sell your share?

Current Price per Share
€11.77
Expected price per share
€9.8954 - €12.60
How sure are you?
50%

1. Valuation of Medicover (5 min.)




Live pricePrice per Share (EOD)

€11.77

Intrinsic Value Per Share

€5.93 - €6.90

Total Value Per Share

€9.25 - €10.23

2. Growth of Medicover (5 min.)




Is Medicover growing?

Current yearPrevious yearGrowGrow %
How rich?$538.7m$588.2m-$36.9m-6.7%

How much money is Medicover making?

Current yearPrevious yearGrowGrow %
Making money$2.1m$10.1m-$8m-377.2%
Net Profit Margin0.5%2.5%--

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

3. Financial Health of Medicover (5 min.)




4. Comparing to competitors in the Medical Care Facilities industry (5 min.)




  Industry Rankings (Medical Care Facilities)  


Richest
#52 / 187

Most Revenue
#40 / 187

Most Profit
#92 / 187

Most Efficient
#115 / 187

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

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

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

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

Speculation

The Price per Share of Medicover is €11.77. 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 Medicover.
  • 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 Medicover, 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 €3.33. Based on the TTM, the Book Value Change Per Share is €-0.02 per quarter. Based on the YOY, the Book Value Change Per Share is €-0.05 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 €0.03 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Medicover.

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 Eps-0.01-0.1%0.010.1%0.070.6%0.070.6%0.070.6%
Usd Book Value Change Per Share-0.15-1.2%-0.02-0.2%-0.05-0.4%0.211.8%0.211.8%
Usd Dividend Per Share0.000.0%0.030.3%0.100.8%0.060.5%0.060.5%
Usd Total Gains Per Share-0.15-1.2%0.010.1%0.050.4%0.272.3%0.272.3%
Usd Price Per Share13.43-14.36-20.82-16.31-16.31-
Price to Earnings Ratio-464.67-59.11-68.56-22.21-22.21-
Price-to-Total Gains Ratio-92.01-788.88--8.97-227.06-227.06-
Price to Book Ratio3.73-3.89-5.20-4.36-4.36-
Price-to-Total Gains Ratio-92.01-788.88--8.97-227.06-227.06-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share12.731609
Number of shares78
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.030.06
Usd Book Value Change Per Share-0.020.21
Usd Total Gains Per Share0.010.27
Gains per Quarter (78 shares)1.0120.89
Gains per Year (78 shares)4.0483.55
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
110-6-6176674
220-12-235132158
330-18252198242
440-24670264326
550-301087330410
661-3614105396494
771-4218122463578
881-4822140529662
991-5426157595746
10101-6130175661830

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 Share3.01.00.075.0%10.02.00.083.3%13.04.00.076.5%13.04.00.076.5%13.04.00.076.5%
Book Value Change Per Share3.01.00.075.0%7.05.00.058.3%10.07.00.058.8%10.07.00.058.8%10.07.00.058.8%
Dividend per Share1.00.03.025.0%8.00.04.066.7%9.00.08.052.9%9.00.08.052.9%9.00.08.052.9%
Total Gains per Share3.01.00.075.0%9.03.00.075.0%12.05.00.070.6%12.05.00.070.6%12.05.00.070.6%

Fundamentals of Medicover

About Medicover AB

Medicover AB (publ) provides healthcare and diagnostic services in Poland, Germany, Romania, India, Sweden, Turkey, Belarus, Bulgaria, Georgia, Hungary, Serbia, Moldova, Ukraine, and India. It operates through two segment, Healthcare Services and Diagnostic Services. The company's diagnostic services comprise various tests, including allergy and autoimmune diagnostics, bacteriology, parasitology, biochemistry and immunochemistry, blood group diagnostics/transfusion medicine, tumour markers, clinical chemistry, cytology, haematology, histopathology, human genetics, hygiene, immunology and immunochemistry, infectious diseases, microbiology, molecular biology, and pharmacology/toxicology. It serves corporate and private customers, and patients, as well as public payers. Medicover AB (publ) was founded in 1995 and is headquartered in Stockholm, Sweden.

Fundamental data was last updated by Penke on 2024-03-27 15:17:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is not making a profit/loss.
Using its assets, the company is inefficient 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 inefficient 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 able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Medicover AB.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Medicover to the Medical Care Facilities industry mean.
  • A Net Profit Margin of -0.2% means that €0.00 for each €1 in revenue is generated as profit.

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

  • The MRQ is -0.2%. The company is not making a profit/loss.
  • The TTM is 0.5%. The company is not making a profit/loss.
Trends
Current periodCompared to+/- 
MRQ-0.2%TTM0.5%-0.7%
TTM0.5%YOY2.5%-2.0%
TTM0.5%5Y2.8%-2.3%
5Y2.8%10Y2.8%0.0%
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.2%2.2%-2.4%
TTM0.5%2.1%-1.6%
YOY2.5%3.4%-0.9%
5Y2.8%2.9%-0.1%
10Y2.8%3.6%-0.8%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Medicover to the Medical Care Facilities industry mean.
  • -0.1% Return on Assets means that Medicover generated €0.00 profit for each $1 in assets.

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

  • The MRQ is -0.1%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is 0.1%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ-0.1%TTM0.1%-0.2%
TTM0.1%YOY0.5%-0.4%
TTM0.1%5Y0.7%-0.6%
5Y0.7%10Y0.7%0.0%
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.1%0.7%-0.8%
TTM0.1%0.6%-0.5%
YOY0.5%1.0%-0.5%
5Y0.7%0.8%-0.1%
10Y0.7%1.0%-0.3%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Medicover to the Medical Care Facilities industry mean.
  • -0.2% Return on Equity means Medicover generated €0.00 for each €1 the owners (shareholders) invested.

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

  • The MRQ is -0.2%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is 0.4%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ-0.2%TTM0.4%-0.6%
TTM0.4%YOY1.8%-1.4%
TTM0.4%5Y2.0%-1.6%
5Y2.0%10Y2.0%0.0%
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.2%2.0%-2.2%
TTM0.4%2.1%-1.7%
YOY1.8%2.5%-0.7%
5Y2.0%2.1%-0.1%
10Y2.0%2.5%-0.5%

1.2. Operating Efficiency of Medicover AB.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Medicover is operating .

  • Measures how much profit Medicover 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 Medicover to the Medical Care Facilities 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 Medicover AB:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM1.4%-1.4%
TTM1.4%YOY6.6%-5.3%
TTM1.4%5Y8.4%-7.0%
5Y8.4%10Y8.4%0.0%
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.9%-7.9%
TTM1.4%6.8%-5.4%
YOY6.6%6.6%+0.0%
5Y8.4%6.4%+2.0%
10Y8.4%8.0%+0.4%
1.2.2. Operating Ratio

Measures how efficient Medicover is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Medical Care Facilities industry mean).
  • An Operation Ratio of 1.74 means that the operating costs are €1.74 for each €1 in net sales.

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

  • The MRQ is 1.744. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.758. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.744TTM1.758-0.013
TTM1.758YOY1.698+0.060
TTM1.7585Y1.690+0.068
5Y1.69010Y1.6900.000
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7441.166+0.578
TTM1.7581.128+0.630
YOY1.6980.992+0.706
5Y1.6901.021+0.669
10Y1.6901.001+0.689

1.3. Liquidity of Medicover AB.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Medical Care Facilities industry mean).
  • A Current Ratio of 0.75 means the company has €0.75 in assets for each €1 in short-term debts.

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

  • The MRQ is 0.755. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.843. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.755TTM0.843-0.088
TTM0.843YOY1.222-0.379
TTM0.8435Y1.055-0.211
5Y1.05510Y1.0550.000
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7551.286-0.531
TTM0.8431.308-0.465
YOY1.2221.383-0.161
5Y1.0551.386-0.331
10Y1.0551.413-0.358
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Medicover to the Medical Care Facilities industry mean.
  • A Quick Ratio of 0.53 means the company can pay off €0.53 for each €1 in debt (using most liquid assets).

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

  • The MRQ is 0.525. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.583. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.525TTM0.583-0.058
TTM0.583YOY0.846-0.263
TTM0.5835Y0.655-0.072
5Y0.65510Y0.6550.000
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5250.941-0.416
TTM0.5830.961-0.378
YOY0.8461.037-0.191
5Y0.6551.182-0.527
10Y0.6551.125-0.470

1.4. Solvency of Medicover AB.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Medicover to Medical Care Facilities industry mean.
  • A Debt to Asset Ratio of 0.73 means that Medicover assets are financed with 73.4% credit (debt) and the remaining percentage (100% - 73.4%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.734. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.724. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.734TTM0.724+0.010
TTM0.724YOY0.692+0.032
TTM0.7245Y0.648+0.076
5Y0.64810Y0.6480.000
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7340.543+0.191
TTM0.7240.548+0.176
YOY0.6920.518+0.174
5Y0.6480.564+0.084
10Y0.6480.533+0.115
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Medicover to the Medical Care Facilities industry mean.
  • A Debt to Equity ratio of 295.5% means that company has €2.96 debt for each €1 in shareholders equity.

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

  • The MRQ is 2.955. The company is unable to pay all its debts with equity. -1
  • The TTM is 2.815. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ2.955TTM2.815+0.140
TTM2.815YOY2.455+0.360
TTM2.8155Y2.103+0.712
5Y2.10310Y2.1030.000
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
MRQ2.9550.928+2.027
TTM2.8150.960+1.855
YOY2.4551.061+1.394
5Y2.1031.214+0.889
10Y2.1031.198+0.905

2. Market Valuation of Medicover AB

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 Medicover generates.

  • Above 15 is considered overpriced but always compare Medicover to the Medical Care Facilities industry mean.
  • A PE ratio of -464.67 means the investor is paying €-464.67 for every €1 in earnings.

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

  • The EOD is -440.352. Based on the earnings, the company is expensive. -2
  • The MRQ is -464.671. Based on the earnings, the company is expensive. -2
  • The TTM is 59.112. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-440.352MRQ-464.671+24.319
MRQ-464.671TTM59.112-523.783
TTM59.112YOY68.561-9.448
TTM59.1125Y22.209+36.903
5Y22.20910Y22.2090.000
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
EOD-440.35212.021-452.373
MRQ-464.67110.707-475.378
TTM59.11213.872+45.240
YOY68.56111.719+56.842
5Y22.20913.630+8.579
10Y22.20919.358+2.851
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 11.743. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 12.391. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 103.733. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD11.743MRQ12.391-0.648
MRQ12.391TTM103.733-91.342
TTM103.733YOY24.905+78.828
TTM103.7335Y-21.039+124.771
5Y-21.03910Y-21.0390.000
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
EOD11.7438.697+3.046
MRQ12.3917.243+5.148
TTM103.7336.361+97.372
YOY24.9055.539+19.366
5Y-21.0396.152-27.191
10Y-21.0395.110-26.149
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Medical Care Facilities industry mean).
  • A PB ratio of 3.73 means the investor is paying €3.73 for each €1 in book value.

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

  • The EOD is 3.536. Based on the equity, the company is fair priced.
  • The MRQ is 3.732. Based on the equity, the company is fair priced.
  • The TTM is 3.888. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD3.536MRQ3.732-0.195
MRQ3.732TTM3.888-0.156
TTM3.888YOY5.201-1.313
TTM3.8885Y4.361-0.474
5Y4.36110Y4.3610.000
Compared to industry (Medical Care Facilities)
PeriodCompanyIndustry (mean)+/- 
EOD3.5361.989+1.547
MRQ3.7322.117+1.615
TTM3.8882.028+1.860
YOY5.2012.291+2.910
5Y4.3612.374+1.987
10Y4.3612.685+1.676
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

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

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.135-0.018-87%-0.048-65%0.196-169%0.196-169%
Book Value Per Share--3.3283.414-3%3.645-9%3.433-3%3.433-3%
Current Ratio--0.7550.843-10%1.222-38%1.055-28%1.055-28%
Debt To Asset Ratio--0.7340.724+1%0.692+6%0.648+13%0.648+13%
Debt To Equity Ratio--2.9552.815+5%2.455+20%2.103+41%2.103+41%
Dividend Per Share---0.030-100%0.090-100%0.052-100%0.052-100%
Eps---0.0070.013-151%0.064-110%0.065-110%0.065-110%
Free Cash Flow Per Share--0.2510.150+67%0.075+234%0.133+88%0.133+88%
Free Cash Flow To Equity Per Share--0.2510.099+154%0.330-24%0.169+48%0.169+48%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--6.904--------
Intrinsic Value_10Y_min--5.926--------
Intrinsic Value_1Y_max--0.561--------
Intrinsic Value_1Y_min--0.551--------
Intrinsic Value_3Y_max--1.786--------
Intrinsic Value_3Y_min--1.703--------
Intrinsic Value_5Y_max--3.131--------
Intrinsic Value_5Y_min--2.897--------
Market Cap859068760.000-116%1858682472.6601982260995.738-6%2864768997.653-35%2192937929.086-15%2192937929.086-15%
Net Profit Margin---0.0020.005-148%0.025-109%0.028-108%0.028-108%
Operating Margin---0.014-100%0.066-100%0.084-100%0.084-100%
Operating Ratio--1.7441.758-1%1.698+3%1.690+3%1.690+3%
Pb Ratio3.536-6%3.7323.888-4%5.201-28%4.361-14%4.361-14%
Pe Ratio-440.352+5%-464.67159.112-886%68.561-778%22.209-2192%22.209-2192%
Price Per Share11.770-6%12.42013.278-6%19.248-35%15.078-18%15.078-18%
Price To Free Cash Flow Ratio11.743-6%12.391103.733-88%24.905-50%-21.039+270%-21.039+270%
Price To Total Gains Ratio-87.198+5%-92.014788.875-112%-8.974-90%227.058-141%227.058-141%
Quick Ratio--0.5250.583-10%0.846-38%0.655-20%0.655-20%
Return On Assets---0.0010.001-150%0.005-110%0.007-107%0.007-107%
Return On Equity---0.0020.004-153%0.018-112%0.020-111%0.020-111%
Total Gains Per Share---0.1350.012-1228%0.042-418%0.248-155%0.248-155%
Usd Book Value--538794770.000551342490.000-2%588282545.000-8%525871636.471+2%525871636.471+2%
Usd Book Value Change Per Share---0.146-0.019-87%-0.051-65%0.212-169%0.212-169%
Usd Book Value Per Share--3.6003.693-3%3.943-9%3.714-3%3.714-3%
Usd Dividend Per Share---0.032-100%0.097-100%0.056-100%0.056-100%
Usd Eps---0.0070.014-151%0.069-110%0.071-110%0.071-110%
Usd Free Cash Flow--40563750.00024311207.500+67%12169125.000+233%20692284.706+96%20692284.706+96%
Usd Free Cash Flow Per Share--0.2710.163+67%0.081+234%0.144+88%0.144+88%
Usd Free Cash Flow To Equity Per Share--0.2710.107+154%0.357-24%0.183+48%0.183+48%
Usd Market Cap929254677.692-116%2010536830.6762144211719.089-6%3098820624.761-35%2372100957.893-15%2372100957.893-15%
Usd Price Per Share12.732-6%13.43514.362-6%20.820-35%16.309-18%16.309-18%
Usd Profit---1081700.0002136357.500-151%10195022.500-111%10047084.118-111%10047084.118-111%
Usd Revenue--476488850.000454908935.000+5%402608740.000+18%357069170.000+33%357069170.000+33%
Usd Total Gains Per Share---0.1460.013-1228%0.046-418%0.268-155%0.268-155%
 EOD+4 -4MRQTTM+11 -24YOY+8 -275Y+10 -2510Y+10 -25

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-440.352
Price to Book Ratio (EOD)Between0-13.536
Net Profit Margin (MRQ)Greater than0-0.002
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.525
Current Ratio (MRQ)Greater than10.755
Debt to Asset Ratio (MRQ)Less than10.734
Debt to Equity Ratio (MRQ)Less than12.955
Return on Equity (MRQ)Greater than0.15-0.002
Return on Assets (MRQ)Greater than0.05-0.001
Total1/10 (10.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5037.727
Ma 20Greater thanMa 5012.075
Ma 50Greater thanMa 10013.150
Ma 100Greater thanMa 20012.919
OpenGreater thanClose11.760
Total2/5 (40.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in EUR. All numbers in thousands.

Summary
Total Assets1,872,600
Total Liabilities1,374,500
Total Stockholder Equity465,100
 As reported
Total Liabilities 1,374,500
Total Stockholder Equity+ 465,100
Total Assets = 1,872,600

Assets

Total Assets1,872,600
Total Current Assets350,500
Long-term Assets1,522,100
Total Current Assets
Cash And Cash Equivalents 52,500
Short-term Investments 11,900
Net Receivables 231,900
Inventory 54,200
Total Current Assets  (as reported)350,500
Total Current Assets  (calculated)350,500
+/-0
Long-term Assets
Property Plant Equipment 851,100
Goodwill 505,800
Intangible Assets 119,800
Long-term Assets  (as reported)1,522,100
Long-term Assets  (calculated)1,476,700
+/- 45,400

Liabilities & Shareholders' Equity

Total Current Liabilities464,300
Long-term Liabilities910,200
Total Stockholder Equity465,100
Total Current Liabilities
Short Long Term Debt 112,200
Accounts payable 192,500
Other Current Liabilities 2,800
Total Current Liabilities  (as reported)464,300
Total Current Liabilities  (calculated)307,500
+/- 156,800
Long-term Liabilities
Long term Debt 421,800
Capital Lease Obligations Min Short Term Debt441,100
Long-term Liabilities Other 200
Long-term Liabilities  (as reported)910,200
Long-term Liabilities  (calculated)863,100
+/- 47,100
Total Stockholder Equity
Retained Earnings 116,800
Total Stockholder Equity (as reported)465,100
Total Stockholder Equity (calculated)116,800
+/- 348,300
Other
Capital Stock30,400
Common Stock Shares Outstanding 149,652
Net Debt 481,500
Net Invested Capital 999,100
Net Working Capital -113,800
Property Plant and Equipment Gross 851,100



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-30
> Total Assets 
885,800
1,019,500
1,020,900
1,074,700
1,055,700
1,110,900
1,161,500
1,242,900
1,387,400
1,684,300
1,802,200
1,789,400
1,788,500
1,831,700
1,825,400
1,863,200
1,872,600
1,872,6001,863,2001,825,4001,831,7001,788,5001,789,4001,802,2001,684,3001,387,4001,242,9001,161,5001,110,9001,055,7001,074,7001,020,9001,019,500885,800
   > Total Current Assets 
191,100
215,800
230,200
283,700
278,700
289,200
314,000
329,500
338,300
551,600
519,900
421,600
381,600
335,200
330,600
333,800
350,500
350,500333,800330,600335,200381,600421,600519,900551,600338,300329,500314,000289,200278,700283,700230,200215,800191,100
       Cash And Cash Equivalents 
39,800
34,800
60,000
124,000
108,300
46,700
65,900
77,900
92,600
81,900
79,600
65,600
77,300
40,400
45,100
41,900
52,500
52,50041,90045,10040,40077,30065,60079,60081,90092,60077,90065,90046,700108,300124,00060,00034,80039,800
       Short-term Investments 
2,200
1,600
1,600
0
0
40,100
35,000
25,100
3,900
196,000
160,000
65,200
21,300
8,700
10,500
7,400
11,900
11,9007,40010,5008,70021,30065,200160,000196,0003,90025,10035,00040,100001,6001,6002,200
       Net Receivables 
111,500
132,900
130,000
124,000
132,100
138,400
160,200
171,400
181,700
192,900
212,900
226,900
219,000
213,700
221,200
229,900
231,900
231,900229,900221,200213,700219,000226,900212,900192,900181,700171,400160,200138,400132,100124,000130,000132,900111,500
       Inventory 
33,800
37,100
38,600
35,700
38,300
53,000
52,900
55,100
60,100
72,000
67,400
63,900
64,000
58,200
52,600
54,600
54,200
54,20054,60052,60058,20064,00063,90067,40072,00060,10055,10052,90053,00038,30035,70038,60037,10033,800
       Other Current Assets 
3,800
0
0
0
0
0
0
0
3,900
3,100
3,100
2,200
0
0
1,200
0
0
001,200002,2003,1003,1003,90000000003,800
   > Long-term Assets 
694,700
803,700
790,700
791,000
777,000
821,700
847,500
913,400
1,049,100
1,132,700
1,282,300
1,367,800
1,406,900
1,496,500
1,494,800
1,529,400
1,522,100
1,522,1001,529,4001,494,8001,496,5001,406,9001,367,8001,282,3001,132,7001,049,100913,400847,500821,700777,000791,000790,700803,700694,700
       Property Plant Equipment 
339,900
418,700
414,700
413,200
406,600
438,300
455,800
510,300
574,400
646,700
700,100
750,400
782,700
840,600
838,900
862,200
851,100
851,100862,200838,900840,600782,700750,400700,100646,700574,400510,300455,800438,300406,600413,200414,700418,700339,900
       Goodwill 
226,700
293,100
287,800
288,100
281,500
290,600
294,200
304,500
361,900
373,100
437,700
465,300
470,900
495,900
496,600
509,100
505,800
505,800509,100496,600495,900470,900465,300437,700373,100361,900304,500294,200290,600281,500288,100287,800293,100226,700
       Intangible Assets 
58,600
74,600
71,500
68,400
64,400
63,200
63,600
62,600
73,100
73,700
115,900
121,500
119,200
126,000
122,600
122,000
119,800
119,800122,000122,600126,000119,200121,500115,90073,70073,10062,60063,60063,20064,40068,40071,50074,60058,600
       Other Assets 
6,100
9,100
8,800
10,800
12,500
12,100
12,500
13,900
15,500
24,900
12,900
14,600
17,100
52,000
36,000
0
0
0036,00052,00017,10014,60012,90024,90015,50013,90012,50012,10012,50010,8008,8009,1006,100
> Total Liabilities 
555,400
659,800
683,000
601,100
576,600
627,400
648,600
702,200
854,800
1,122,200
1,241,700
1,253,200
1,271,900
1,320,900
1,313,800
1,344,900
1,374,500
1,374,5001,344,9001,313,8001,320,9001,271,9001,253,2001,241,7001,122,200854,800702,200648,600627,400576,600601,100683,000659,800555,400
   > Total Current Liabilities 
326,800
281,700
303,000
234,700
205,600
228,300
238,300
248,900
312,900
325,000
400,900
409,800
440,700
353,600
373,000
425,600
464,300
464,300425,600373,000353,600440,700409,800400,900325,000312,900248,900238,300228,300205,600234,700303,000281,700326,800
       Short Long Term Debt 
186,200
111,500
134,600
54,700
22,900
15,100
11,100
26,100
49,000
42,900
112,000
111,900
112,800
42,300
50,900
86,200
112,200
112,20086,20050,90042,300112,800111,900112,00042,90049,00026,10011,10015,10022,90054,700134,600111,500186,200
       Accounts payable 
89,800
44,800
113,300
119,200
126,300
53,600
157,700
143,600
171,000
60,600
180,000
173,300
168,600
61,000
189,600
185,500
192,500
192,500185,500189,60061,000168,600173,300180,00060,600171,000143,600157,70053,600126,300119,200113,30044,80089,800
       Other Current Liabilities 
18,400
40,200
18,900
21,100
22,100
50,200
33,900
40,600
48,700
86,300
60,000
70,100
75,600
102,600
48,500
2,800
2,800
2,8002,80048,500102,60075,60070,10060,00086,30048,70040,60033,90050,20022,10021,10018,90040,20018,400
   > Long-term Liabilities 
228,600
378,100
380,000
366,400
371,000
399,100
410,300
453,300
541,900
797,200
840,800
843,400
831,200
967,300
940,800
919,300
910,200
910,200919,300940,800967,300831,200843,400840,800797,200541,900453,300410,300399,100371,000366,400380,000378,100228,600
       Capital Lease Obligations Min Short Term Debt
153,100
176,200
187,200
186,500
185,700
199,500
211,300
243,800
301,500
345,900
371,000
396,800
413,200
424,300
429,500
437,700
441,100
441,100437,700429,500424,300413,200396,800371,000345,900301,500243,800211,300199,500185,700186,500187,200176,200153,100
       Other Liabilities 
59,900
72,300
71,600
72,200
72,600
81,200
83,500
86,900
116,500
122,100
137,500
122,700
126,000
129,200
124,600
0
0
00124,600129,200126,000122,700137,500122,100116,50086,90083,50081,20072,60072,20071,60072,30059,900
> Total Stockholder Equity
326,000
317,400
298,600
435,900
442,100
448,000
474,600
500,900
489,900
517,600
512,400
492,600
473,600
474,700
477,600
485,300
465,100
465,100485,300477,600474,700473,600492,600512,400517,600489,900500,900474,600448,000442,100435,900298,600317,400326,000
   Common Stock
27,100
27,100
27,100
30,100
30,100
30,100
30,100
30,100
30,100
30,400
30,400
30,400
30,400
30,400
477,600
0
0
00477,60030,40030,40030,40030,40030,40030,10030,10030,10030,10030,10030,10027,10027,10027,100
   Retained Earnings Total Equity00000000000000000
   Accumulated Other Comprehensive Income 00000000000000000
   Capital Surplus 00000000000000000
   Treasury Stock00000000000000000
   Other Stockholders Equity 
298,900
-54,000
271,500
-68,900
-78,700
-91,300
-90,500
-83,300
-112,500
-112,100
-125,300
-121,700
-140,100
-140,900
0
0
0
000-140,900-140,100-121,700-125,300-112,100-112,500-83,300-90,500-91,300-78,700-68,900271,500-54,000298,900



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.




Income Statement

Currency in EUR. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue1,682,200
Cost of Revenue-1,326,000
Gross Profit356,200356,200
 
Operating Income (+$)
Gross Profit356,200
Operating Expense-1,629,100
Operating Income53,100-1,272,900
 
Operating Expense (+$)
Research Development-
Selling General Administrative88,700
Selling And Marketing Expenses-
Operating Expense1,629,10088,700
 
Net Interest Income (+$)
Interest Income4,100
Interest Expense-47,300
Other Finance Cost-600
Net Interest Income-42,600
 
Pretax Income (+$)
Operating Income53,100
Net Interest Income-42,600
Other Non-Operating Income Expenses-
Income Before Tax (EBT)16,60053,100
EBIT - interestExpense = -47,300
8,300
55,600
Interest Expense47,300
Earnings Before Interest and Taxes (EBIT)-63,900
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax16,600
Tax Provision-4,200
Net Income From Continuing Ops12,40012,400
Net Income8,300
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-42,600
 

Technical Analysis of Medicover
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 Medicover. The general trend of Medicover is BEARISH with 42.9% 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 Medicover'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 (-42.9%) Bearish trend (42.9%)
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 Medicover AB.

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: 11.99 < 12.08 < 12.60.

The bearish price targets are: 11.58 > 9.99 > 9.8954.

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Medicover AB Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

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

Score

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

The long score for the Moving Averages is 4/14.
The longshort score for the Moving Averages is -6/(-14 +14).

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

Directionalities and relatives.

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

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

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

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

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

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Medicover AB. The current macd is -0.35435828.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

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

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


Score

Let's take a look at the Directional Movement Index (DMI) of Medicover AB. The current adx is 30.94.

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

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

Shows the current trend and potential entry and exit signals.

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

Score

Let's take a look at the Parabolic SAR of Medicover AB. The current sar is 11.85.

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
Medicover AB Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

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

Score

Let's take a look at the Relative Strength Index (RSI) of Medicover AB. The current rsi is 37.73. 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
Medicover AB Daily Relative Strength Index (RSI) ChartMedicover AB Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

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

Score

Let's take a look at the Stochastic Oscillator of Medicover AB. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Medicover price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Medicover AB Daily Stochastic Oscillator ChartMedicover AB Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

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

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

Score

Let's take a look at the Commodity Channel Index (CCI) of Medicover AB. The current cci is -72.17441193.

Medicover AB Daily Commodity Channel Index (CCI) ChartMedicover AB Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

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

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

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Medicover AB. The current cmo is -23.46932617.

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
Medicover AB Daily Chande Momentum Oscillator (CMO) ChartMedicover AB Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

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

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

Score

Let's take a look at the Williams %R of Medicover AB. The current willr is -81.37254902.

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

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Medicover AB Daily Williams %R ChartMedicover AB Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

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

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

Score

Let's take a look at the Average True Range (ATR) of Medicover AB. The current atr is 0.18883958.

Medicover AB Daily Average True Range (ATR) ChartMedicover AB Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

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

Score

Let's take a look at the On-Balance Volume (OBV) of Medicover AB. The current obv is -10,754.

Medicover AB Daily On-Balance Volume (OBV) ChartMedicover AB Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

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

Score

Let's take a look at the Money Flow Index (MFI) of Medicover AB. The current mfi is 67.80.

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

  • MFI > 50: +1
Medicover AB Daily Money Flow Index (MFI) ChartMedicover AB Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Medicover AB.

6.2. Trading Signals

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

DateIndicatorSignal
2023-11-08 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-09 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.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-10 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-13 00:00:00ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-14 00:00:00STOCH 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).
2023-11-15 00:00:00ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-16 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-23 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-30 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-01 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-04 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-06 00:00:00CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-07 00:00:00WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-08 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-11 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-13 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-15 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-18 00:00:00WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-20 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-21 00:00:00BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-22 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.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-28 00:00:00RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-02 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-03 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-04 00:00:00CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-05 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
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-08 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-10 00:00:00STOCH 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).
2024-01-12 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-15 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-16 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-17 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-18 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-22 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-23 00:00:00ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-24 00:00:00ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-25 00:00:00RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-01 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-05 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-08 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-09 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
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-12 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
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-13 00:00:00BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-14 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-16 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-21 00:00:00ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-23 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-27 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-28 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-04 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-05 00:00:00ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-06 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-07 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-08 00:00:00CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-11 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-12 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-13 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-14 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-15 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-19 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-20 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-22 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-25 00:00:00WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-27 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Medicover AB Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5037.727
Ma 20Greater thanMa 5012.075
Ma 50Greater thanMa 10013.150
Ma 100Greater thanMa 20012.919
OpenGreater thanClose11.760
Total2/5 (40.0%)
Penke

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