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Arion banki hf
Buy, Hold or Sell?

Let's analyse Arion banki hf together

PenkeI guess you are interested in Arion banki hf. 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 Arion banki hf. 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 Arion banki hf (30 sec.)










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

How much money do you get?

How much money do you get?
€0.06
When do you have the money?
1 year
How often do you get paid?
10.0%

What is your share worth?

Current worth
€0.91
Expected worth in 1 year
€0.97
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
€0.12
Return On Investment
13.3%

For what price can you sell your share?

Current Price per Share
€0.89
Expected price per share
€0.797 - €0.979
How sure are you?
50%

1. Valuation of Arion banki hf (5 min.)




Live pricePrice per Share (EOD)

€0.89

2. Growth of Arion banki hf (5 min.)




Is Arion banki hf growing?

Current yearPrevious yearGrowGrow %
How rich?$1.4b$1.3b$49.1m3.6%

How much money is Arion banki hf making?

Current yearPrevious yearGrowGrow %
Making money$45.9m$45.4m$562.2k1.2%
Net Profit Margin39.5%46.3%--

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

3. Financial Health of Arion banki hf (5 min.)




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

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

What can you expect buying and holding a share of Arion banki hf?

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

Speculation

The Price per Share of Arion banki hf is €0.889. 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 Arion banki hf.
  • 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 Arion banki hf, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is €0.91. 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 €0.00 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 €0.01 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Arion banki hf.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps0.033.5%0.033.6%0.033.4%0.033.6%0.033.6%
Usd Book Value Change Per Share0.033.7%0.021.9%0.000.0%0.1011.1%0.1011.1%
Usd Dividend Per Share0.000.0%0.021.7%0.000.0%0.010.7%0.010.7%
Usd Total Gains Per Share0.033.7%0.033.6%0.000.0%0.1011.7%0.1011.7%
Usd Price Per Share1.02-0.96-1.15-1.10-1.10-
Price to Earnings Ratio8.29-7.63-10.10-9.01-9.01-
Price-to-Total Gains Ratio30.89-30.23-33.85-28.80-28.80-
Price to Book Ratio1.04-1.03-1.31-1.22-1.22-
Price-to-Total Gains Ratio30.89-30.23-33.85-28.80-28.80-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.9616313
Number of shares1039
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.01
Usd Book Value Change Per Share0.020.10
Usd Total Gains Per Share0.030.10
Gains per Quarter (1039 shares)33.33108.52
Gains per Year (1039 shares)133.30434.10
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1637012325409424
212614025651818858
31892113897612271292
425328152210116351726
531635165512620442160
637942178815224532594
744249192117728623028
8505561105420232713462
9568632118722736803896
10631702132025340884330

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%
Book Value Change Per Share3.01.00.075.0%8.02.00.080.0%8.02.00.080.0%8.02.00.080.0%8.02.00.080.0%
Dividend per Share1.00.03.025.0%1.00.09.010.0%1.00.09.010.0%1.00.09.010.0%1.00.09.010.0%
Total Gains per Share4.00.00.0100.0%9.01.00.090.0%9.01.00.090.0%9.01.00.090.0%9.01.00.090.0%

Fundamentals of Arion banki hf

About Arion banki hf

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
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
Liquidity Details
 Compared to previous yearCompared to industry
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

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

1.1. Profitability of Arion banki hf.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Arion banki hf earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Arion banki hf to the  industry mean.
  • A Net Profit Margin of 38.5% means that €0.39 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Arion banki hf:

  • The MRQ is 38.5%. The company is making a huge profit. +2
  • The TTM is 39.5%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ38.5%TTM39.5%-1.0%
TTM39.5%YOY46.3%-6.7%
TTM39.5%5Y44.2%-4.7%
5Y44.2%10Y44.2%0.0%
1.1.2. Return on Assets

Shows how efficient Arion banki hf is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Arion banki hf to the  industry mean.
  • 0.4% Return on Assets means that Arion banki hf generated €0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Arion banki hf:

  • The MRQ is 0.4%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.4%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.4%TTM0.4%0.0%
TTM0.4%YOY0.5%0.0%
TTM0.4%5Y0.5%0.0%
5Y0.5%10Y0.5%0.0%
1.1.3. Return on Equity

Shows how efficient Arion banki hf is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Arion banki hf to the  industry mean.
  • 3.1% Return on Equity means Arion banki hf generated €0.03 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Arion banki hf:

  • The MRQ is 3.1%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 3.4%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.1%TTM3.4%-0.3%
TTM3.4%YOY3.5%-0.1%
TTM3.4%5Y3.5%-0.1%
5Y3.5%10Y3.5%0.0%

1.2. Operating Efficiency of Arion banki hf.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Arion banki hf is operating .

  • Measures how much profit Arion banki hf 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 Arion banki hf to the  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 Arion banki hf:

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

Measures how efficient Arion banki hf is keeping operating costs low.

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

Let's take a look of the Operating Ratio trends of Arion banki hf:

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

1.3. Liquidity of Arion banki hf.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Arion banki hf is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to  industry mean).
  • A Current Ratio of 0.00 means the company has €0.00 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Arion banki hf:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y-0.000
5Y-10Y-0.000
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Arion banki hf to the  industry mean.
  • A Quick Ratio of 0.00 means the company can pay off €0.00 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Arion banki hf:

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

1.4. Solvency of Arion banki hf.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Arion banki hf assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Arion banki hf to industry mean.
  • A Debt to Asset Ratio of 0.87 means that Arion banki hf assets are financed with 86.9% credit (debt) and the remaining percentage (100% - 86.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Arion banki hf:

  • The MRQ is 0.869. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.875. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.869TTM0.875-0.006
TTM0.875YOY0.870+0.005
TTM0.8755Y0.869+0.007
5Y0.86910Y0.8690.000
1.4.2. Debt to Equity Ratio

Measures if Arion banki hf is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Arion banki hf to the  industry mean.
  • A Debt to Equity ratio of 667.2% means that company has €6.67 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Arion banki hf:

  • The MRQ is 6.672. The company is unable to pay all its debts with equity. -1
  • The TTM is 7.060. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ6.672TTM7.060-0.388
TTM7.060YOY6.715+0.345
TTM7.0605Y6.681+0.379
5Y6.68110Y6.6810.000

2. Market Valuation of Arion banki hf

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 Arion banki hf generates.

  • Above 15 is considered overpriced but always compare Arion banki hf to the  industry mean.
  • A PE ratio of 8.29 means the investor is paying €8.29 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Arion banki hf:

  • The EOD is 7.789. Based on the earnings, the company is underpriced. +1
  • The MRQ is 8.288. Based on the earnings, the company is underpriced. +1
  • The TTM is 7.632. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD7.789MRQ8.288-0.499
MRQ8.288TTM7.632+0.656
TTM7.632YOY10.100-2.467
TTM7.6325Y9.008-1.376
5Y9.00810Y9.0080.000
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Arion banki hf:

  • The EOD is 8.089. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 8.608. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 0.197. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD8.089MRQ8.608-0.519
MRQ8.608TTM0.197+8.411
TTM0.197YOY0.627-0.431
TTM0.1975Y-0.504+0.700
5Y-0.50410Y-0.5040.000
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to industry mean).
  • A PB ratio of 1.04 means the investor is paying €1.04 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Arion banki hf:

  • The EOD is 0.978. Based on the equity, the company is cheap. +2
  • The MRQ is 1.040. Based on the equity, the company is underpriced. +1
  • The TTM is 1.031. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD0.978MRQ1.040-0.063
MRQ1.040TTM1.031+0.009
TTM1.031YOY1.312-0.281
TTM1.0315Y1.223-0.191
5Y1.22310Y1.2230.000
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Arion banki hf 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--0.0310.016+96%0.000+11232%0.091-66%0.091-66%
Book Value Per Share--0.9090.864+5%0.812+12%0.836+9%0.836+9%
Current Ratio----0%-0%-0%-0%
Debt To Asset Ratio--0.8690.875-1%0.8700%0.869+0%0.869+0%
Debt To Equity Ratio--6.6727.060-5%6.715-1%6.6810%6.6810%
Dividend Per Share---0.014-100%-0%0.006-100%0.006-100%
Eps--0.0290.029-3%0.028+1%0.029-3%0.029-3%
Free Cash Flow Per Share--0.027-0.014+151%0.063-56%0.023+18%0.023+18%
Free Cash Flow To Equity Per Share--0.027-0.014+151%0.063-56%0.023+18%0.023+18%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Market Cap--1368253000.2021289853452.009+6%1575980781.372-13%1512954948.352-10%1512954948.352-10%
Net Profit Margin--0.3850.395-3%0.463-17%0.442-13%0.442-13%
Operating Margin----0%-0%-0%-0%
Operating Ratio----0%-0%-0%-0%
Pb Ratio0.978-6%1.0401.031+1%1.312-21%1.223-15%1.223-15%
Pe Ratio7.789-6%8.2887.632+9%10.100-18%9.008-8%9.008-8%
Price Per Share0.889-6%0.9460.891+6%1.061-11%1.017-7%1.017-7%
Price To Free Cash Flow Ratio8.089-6%8.6080.197+4280%0.627+1272%-0.504+106%-0.504+106%
Price To Total Gains Ratio29.029-6%30.89130.233+2%33.849-9%28.799+7%28.799+7%
Quick Ratio----0%-0%-0%-0%
Return On Assets--0.0040.004-3%0.005-10%0.005-11%0.005-11%
Return On Equity--0.0310.034-8%0.035-10%0.035-11%0.035-11%
Total Gains Per Share--0.0310.030+3%0.000+11232%0.097-68%0.097-68%
Usd Book Value--1422853685.2201353076733.745+5%1303919634.435+9%1340641283.388+6%1340641283.388+6%
Usd Book Value Change Per Share--0.0330.017+96%0.000+11232%0.098-66%0.098-66%
Usd Book Value Per Share--0.9840.935+5%0.879+12%0.904+9%0.904+9%
Usd Dividend Per Share---0.015-100%-0%0.006-100%0.006-100%
Usd Eps--0.0310.032-3%0.031+1%0.032-3%0.032-3%
Usd Free Cash Flow--42985243.620-21942392.670+151%101053874.295-57%37671522.174+14%37671522.174+14%
Usd Free Cash Flow Per Share--0.030-0.015+151%0.068-56%0.025+18%0.025+18%
Usd Free Cash Flow To Equity Per Share--0.030-0.015+151%0.068-56%0.025+18%0.025+18%
Usd Market Cap--1480039270.3191395234479.038+6%1704738411.210-13%1636563367.633-10%1636563367.633-10%
Usd Price Per Share0.962-6%1.0230.964+6%1.148-11%1.100-7%1.100-7%
Usd Profit--44641542.66045967652.775-3%45405439.200-2%47084583.744-5%47084583.744-5%
Usd Revenue--115869540.600116276476.1400%100306041.000+16%107954287.386+7%107954287.386+7%
Usd Total Gains Per Share--0.0330.032+3%0.000+11232%0.104-68%0.104-68%
 EOD+4 -2MRQTTM+18 -13YOY+15 -145Y+14 -1710Y+14 -17

3.2. Fundamental Score

Let's check the fundamental score of Arion banki hf based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-157.789
Price to Book Ratio (EOD)Between0-10.978
Net Profit Margin (MRQ)Greater than00.385
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.869
Debt to Equity Ratio (MRQ)Less than16.672
Return on Equity (MRQ)Greater than0.150.031
Return on Assets (MRQ)Greater than0.050.004
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Arion banki hf based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5018.802
Ma 20Greater thanMa 500.955
Ma 50Greater thanMa 1000.978
Ma 100Greater thanMa 2000.928
OpenGreater thanClose0.900
Total3/5 (60.0%)



Latest Balance Sheet

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

Summary
Total Assets1,525,672,000
Total Liabilities1,326,371,000
Total Stockholder Equity198,798,000
 As reported
Total Liabilities 1,326,371,000
Total Stockholder Equity+ 198,798,000
Total Assets = 1,525,672,000

Assets

Total Assets1,525,672,000
Total Current Assets0
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 102,095,000
Total Current Assets  (as reported)0
Total Current Assets  (calculated)102,095,000
+/- 102,095,000
Long-term Assets
Property Plant Equipment 4,544,000
Goodwill 730,000
Long Term Investments 206,495,000
Intangible Assets 7,321,000
Long-term Assets  (as reported)0
Long-term Assets  (calculated)219,090,000
+/- 219,090,000

Liabilities & Shareholders' Equity

Total Current Liabilities0
Long-term Liabilities0
Total Stockholder Equity198,798,000
Total Current Liabilities
Accounts payable 1,274,000
Total Current Liabilities  (as reported)0
Total Current Liabilities  (calculated)1,274,000
+/- 1,274,000
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Retained Earnings 175,881,000
Total Stockholder Equity (as reported)198,798,000
Total Stockholder Equity (calculated)175,881,000
+/- 22,917,000
Other
Capital Stock1,460,000
Common Stock Shares Outstanding 1,446,356
Net Debt 359,644,000
Net Invested Capital 660,537,000
Property Plant and Equipment Gross 7,407,000



Balance Sheet

Currency in ISK. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-30
> Total Assets 
1,346,092,000
1,313,864,000
1,341,015,000
1,383,361,000
1,427,886,000
1,465,609,000
1,500,644,000
1,518,226,000
1,540,669,000
1,525,672,000
1,525,672,0001,540,669,0001,518,226,0001,500,644,0001,465,609,0001,427,886,0001,383,361,0001,341,015,0001,313,864,0001,346,092,000
   > Total Current Assets 0000000000
       Cash And Cash Equivalents 
70,136,000
69,057,000
64,395,000
78,011,000
68,149,000
114,118,000
80,272,000
76,499,000
80,288,000
102,095,000
102,095,00080,288,00076,499,00080,272,000114,118,00068,149,00078,011,00064,395,00069,057,00070,136,000
   > Long-term Assets 0000000000
       Property Plant Equipment 
0
0
0
0
4,574,000
4,532,000
4,447,000
4,339,000
4,345,000
4,544,000
4,544,0004,345,0004,339,0004,447,0004,532,0004,574,0000000
       Goodwill 
669,000
669,000
669,000
669,000
669,000
730,000
730,000
730,000
730,000
730,000
730,000730,000730,000730,000730,000669,000669,000669,000669,000669,000
       Long Term Investments 
250,683,000
226,325,000
186,380,000
204,464,000
223,927,000
194,116,000
205,766,000
226,669,000
221,856,000
206,495,000
206,495,000221,856,000226,669,000205,766,000194,116,000223,927,000204,464,000186,380,000226,325,000250,683,000
       Intangible Assets 
9,063,000
8,794,000
8,570,000
8,369,000
8,147,000
8,053,000
7,845,000
7,756,000
7,559,000
7,321,000
7,321,0007,559,0007,756,0007,845,0008,053,0008,147,0008,369,0008,570,0008,794,0009,063,000
> Total Liabilities 
1,151,512,000
1,119,266,000
1,168,002,000
1,200,050,000
1,241,599,000
1,277,653,000
1,320,712,000
1,331,910,000
1,348,109,000
1,326,371,000
1,326,371,0001,348,109,0001,331,910,0001,320,712,0001,277,653,0001,241,599,0001,200,050,0001,168,002,0001,119,266,0001,151,512,000
   > Total Current Liabilities 0000000000
       Accounts payable 
527,000
818,000
973,000
1,044,000
743,000
1,013,000
1,536,000
1,700,000
1,034,000
1,274,000
1,274,0001,034,0001,700,0001,536,0001,013,000743,0001,044,000973,000818,000527,000
   > Long-term Liabilities 0000000000
> Total Stockholder Equity
193,900,000
193,925,000
172,333,000
182,625,000
185,607,000
187,307,000
179,276,000
185,651,000
191,899,000
198,798,000
198,798,000191,899,000185,651,000179,276,000187,307,000185,607,000182,625,000172,333,000193,925,000193,900,000
   Common Stock0000000000
   Retained Earnings 
153,214,000
158,403,000
141,747,000
154,149,000
159,168,000
163,263,000
157,044,000
163,489,000
169,510,000
175,881,000
175,881,000169,510,000163,489,000157,044,000163,263,000159,168,000154,149,000141,747,000158,403,000153,214,000
   Capital Surplus 0000000000
   Treasury Stock0000000000
   Other Stockholders Equity 0000000000



Balance Sheet

Currency in ISK. All numbers in thousands.




Cash Flow

Currency in ISK. All numbers in thousands.




Income Statement

Currency in ISK. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue64,343,000
Cost of Revenue-0
Gross Profit064,343,000
 
Operating Income (+$)
Gross Profit0
Operating Expense-0
Operating Income00
 
Operating Expense (+$)
Research Development0
Selling General Administrative4,852,000
Selling And Marketing Expenses0
Operating Expense04,852,000
 
Net Interest Income (+$)
Interest Income123,116,000
Interest Expense-78,431,000
Other Finance Cost-0
Net Interest Income44,685,000
 
Pretax Income (+$)
Operating Income0
Net Interest Income44,685,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)35,336,0000
EBIT - interestExpense = -78,431,000
25,755,000
104,186,000
Interest Expense78,431,000
Earnings Before Interest and Taxes (EBIT)0113,767,000
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax35,336,000
Tax Provision-9,595,000
Net Income From Continuing Ops25,741,00025,741,000
Net Income25,755,000
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 Net0-44,685,000
 

Technical Analysis of Arion banki hf
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 Arion banki hf. The general trend of Arion banki hf is NEUTRAL with 0.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Arion banki hf's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitionsBullish trend (0.0%) Bearish trend (0.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of Arion banki hf.

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

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

The bullish price targets are: 0.945 < 0.949 < 0.979.

The bearish price targets are: 0.861 > 0.797.

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Arion banki hf 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 Arion banki hf. The current mas is .

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

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

Arion banki hf 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 Arion banki hf. The current macd is -0.02368041.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Arion banki hf price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Arion banki hf. 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 Arion banki hf price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Arion banki hf Daily Moving Average Convergence/Divergence (MACD) ChartArion banki hf 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 Arion banki hf. The current adx is 31.31.

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 Arion banki hf 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.
Arion banki hf 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 Arion banki hf. The current sar is 0.97203923.

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
Arion banki hf 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 Arion banki hf. The current rsi is 18.80. The current phase is Oversold in neutral market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -1/(-13 +13).

  • Oversold in neutral market:
  • Trending down: The RSI is trending down. -1
Arion banki hf Daily Relative Strength Index (RSI) ChartArion banki hf 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 Arion banki hf. The current phase is Oversold in neutral market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-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 below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Arion banki hf price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Arion banki hf Daily Stochastic Oscillator ChartArion banki hf 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 Arion banki hf. The current cci is -112.36908314.

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

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Arion banki hf Daily Commodity Channel Index (CCI) ChartArion banki hf 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 Arion banki hf. The current cmo is -77.75518075.

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
Arion banki hf Daily Chande Momentum Oscillator (CMO) ChartArion banki hf 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 Arion banki hf. The current willr is -100.

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
Arion banki hf Daily Williams %R ChartArion banki hf 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 Arion banki hf.

Arion banki hf 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 Arion banki hf. The current atr is 0.01343249.

Arion banki hf Daily Average True Range (ATR) ChartArion banki hf 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 Arion banki hf. The current obv is -5,126.

Arion banki hf Daily On-Balance Volume (OBV) ChartArion banki hf 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 Arion banki hf. The current mfi is 12.59.

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

  • MFI < 50: -1
  • MFI < 20: -1
Arion banki hf Daily Money Flow Index (MFI) ChartArion banki hf Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Arion banki hf.

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
2023-11-03 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-07 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-08 00:00:00WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-10 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-13 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-15 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-20 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-11-21 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-22 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-24 00:00:00WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-27 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-28 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-30 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-04 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-05 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-06 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-13 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-14 00:00:00BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15 00:00:00RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-19 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-21 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-29 00:00:00ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-04 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-05 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).
2024-01-08 00:00:00BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-09 00:00:00MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-10 00:00:00RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-11 00:00:00MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-16 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-17 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-19 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-22 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-23 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-24 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-26 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-01 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI 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
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-06 00:00:00WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-07 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-09 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26 00:00:00WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-27 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-28 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-05 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI 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
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-07 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-18 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI 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
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-22 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-25 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-27 00:00:00MFI SHORT ENTRY LONG CLOSE20 crossover to downside

6.3. Candlestick Patterns

Arion banki hf Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Arion banki hf based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5018.802
Ma 20Greater thanMa 500.955
Ma 50Greater thanMa 1000.978
Ma 100Greater thanMa 2000.928
OpenGreater thanClose0.900
Total3/5 (60.0%)
Penke

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