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Adva Optical Networking SE
Buy, Hold or Sell?

Let's analyse Adva together

PenkeI guess you are interested in Adva Optical Networking SE. 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 Adva Optical Networking SE. 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 Adva (30 sec.)










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

How much money do you get?

How much money do you get?
€0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
€7.09
Expected worth in 1 year
€7.09
How sure are you?
80.0%

+ What do you gain per year?

Total Gains per Share
€0.00
Return On Investment
0.0%

For what price can you sell your share?

Current Price per Share
€19.98
Expected price per share
€19.86 - €20.10
How sure are you?
50%

1. Valuation of Adva (5 min.)




Live pricePrice per Share (EOD)

€19.98

2. Growth of Adva (5 min.)




Is Adva growing?

Current yearPrevious yearGrowGrow %
How rich?$399.2m$399.2m0.000.0%

How much money is Adva making?

Current yearPrevious yearGrowGrow %
Making money-$15.6m$19.6m-$35.3m-224.9%
Net Profit Margin-2.4%2.5%--

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

3. Financial Health of Adva (5 min.)




4. Comparing to competitors in the Communication Equipment industry (5 min.)




  Industry Rankings (Communication Equipment)  


Richest
#75 / 342

Most Revenue
#31 / 342

Most Profit
#316 / 342

Most Efficient
#209 / 342

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

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

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

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

Speculation

The Price per Share of Adva is €19.98. 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 Adva.
  • 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 Adva, 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 €7.09. Based on the TTM, the Book Value Change Per Share is €0.00 per quarter. Based on the YOY, the Book Value Change Per Share is €0.56 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Adva.

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-0.30-1.5%-0.30-1.5%0.381.9%0.371.9%0.321.6%
Usd Book Value Change Per Share0.000.0%0.000.0%0.613.0%0.522.6%0.442.2%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.000.0%0.000.0%0.613.0%0.522.6%0.442.2%
Usd Price Per Share21.63-21.63-23.86-15.42-11.40-
Price to Earnings Ratio-71.73--71.73-63.33-16.37-10.00-
Price-to-Total Gains Ratio39.37-34.04-18.75-
Price to Book Ratio2.82-2.82-3.11-2.23-1.91-
Price-to-Total Gains Ratio39.37-34.04-18.75-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share21.612366
Number of shares46
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.000.52
Usd Total Gains Per Share0.000.52
Gains per Quarter (46 shares)0.0023.79
Gains per Year (46 shares)0.0095.16
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
100-1009585
200-100190180
300-100285275
400-100381370
500-100476465
600-100571560
700-100666655
800-100761750
900-100856845
1000-100952940

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 Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%8.02.00.080.0%15.04.03.068.2%
Book Value Change Per Share0.00.01.00.0%2.00.01.066.7%4.00.01.080.0%8.01.01.080.0%18.03.01.081.8%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%0.00.010.00.0%0.00.022.00.0%
Total Gains per Share0.00.01.00.0%2.00.01.066.7%4.00.01.080.0%8.01.01.080.0%18.03.01.081.8%

Fundamentals of Adva

About Adva Optical Networking SE

Adtran Networks SE engages in the development, manufacture, and sale optical and Ethernet-based networking solutions for telecommunications carriers and enterprises to deliver data, storage, voice, and video services worldwide. It offers open optical transport solutions, such as FSP 3000 open terminals, FSP 3000 open line systems, pluggables and subsystems, and optical access solutions; packet edge and aggregation products, including carrier Ethernet and programmable multilayer edge, metro aggregation, and edge computing products; disaggregated networking, such as packet optical terminals and ensemble activators. The company also provides network virtualization products comprising ensemble connectors, orchestrators, and harmony ecosystems, as well as operates ensemble virtualization director, a management platform for the creation and deployment of virtualized services; network infrastructure assurance products; timing and synchronization products; and automated network management products, such as ensemble optical, sync, fiber, and packet director, and ensemble controllers. In addition, it offers professional services to build, care, and enable the networks. Adtran Networks SE sells its products to telecommunications service providers, private companies, universities, and government agencies directly, as well as through a network of distribution partners. The company was formerly known as ADVA Optical Networking SE and changed its name to Adtran Networks SE in June 2023. The company was founded in 1994 and is headquartered in Munich, Germany. Adtran Networks SE operates as a subsidiary of ADTRAN Holdings, Inc.

Fundamental data was last updated by Penke on 2024-03-19 07:45:03.

Financial Health

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

Valuation

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

1.1. Profitability of Adva Optical Networking SE.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Adva to the Communication Equipment industry mean.
  • A Net Profit Margin of -2.4% means that €-0.02 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Adva Optical Networking SE:

  • The MRQ is -2.4%. The company is making a loss. -1
  • The TTM is -2.4%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ-2.4%TTM-2.4%0.0%
TTM-2.4%YOY2.5%-4.9%
TTM-2.4%5Y3.0%-5.3%
5Y3.0%10Y2.8%+0.1%
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.4%0.4%-2.8%
TTM-2.4%1.1%-3.5%
YOY2.5%2.2%+0.3%
5Y3.0%1.0%+2.0%
10Y2.8%1.3%+1.5%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Adva to the Communication Equipment industry mean.
  • -2.2% Return on Assets means that Adva generated €-0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Adva Optical Networking SE:

  • The MRQ is -2.2%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -2.2%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-2.2%TTM-2.2%0.0%
TTM-2.2%YOY2.8%-5.0%
TTM-2.2%5Y3.2%-5.4%
5Y3.2%10Y3.1%+0.1%
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.2%0.2%-2.4%
TTM-2.2%0.4%-2.6%
YOY2.8%0.7%+2.1%
5Y3.2%0.5%+2.7%
10Y3.1%0.5%+2.6%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Adva to the Communication Equipment industry mean.
  • -3.9% Return on Equity means Adva generated €-0.04 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Adva Optical Networking SE:

  • The MRQ is -3.9%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -3.9%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-3.9%TTM-3.9%0.0%
TTM-3.9%YOY4.9%-8.8%
TTM-3.9%5Y5.8%-9.7%
5Y5.8%10Y5.7%+0.1%
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ-3.9%0.4%-4.3%
TTM-3.9%0.8%-4.7%
YOY4.9%1.2%+3.7%
5Y5.8%0.7%+5.1%
10Y5.7%0.9%+4.8%

1.2. Operating Efficiency of Adva Optical Networking SE.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Adva is operating .

  • Measures how much profit Adva 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 Adva to the Communication Equipment industry mean.
  • An Operating Margin of 2.2% means the company generated €0.02  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Adva Optical Networking SE:

  • The MRQ is 2.2%. The company is operating less efficient.
  • The TTM is 2.2%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ2.2%TTM2.2%0.0%
TTM2.2%YOY2.5%-0.4%
TTM2.2%5Y-2.8%+5.0%
5Y-2.8%10Y0.2%-3.0%
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ2.2%3.2%-1.0%
TTM2.2%1.4%+0.8%
YOY2.5%3.1%-0.6%
5Y-2.8%2.2%-5.0%
10Y0.2%1.6%-1.4%
1.2.2. Operating Ratio

Measures how efficient Adva is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Communication Equipment industry mean).
  • An Operation Ratio of 0.98 means that the operating costs are €0.98 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Adva Optical Networking SE:

  • The MRQ is 0.978. The company is less efficient in keeping operating costs low.
  • The TTM is 0.978. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.978TTM0.9780.000
TTM0.978YOY0.973+0.005
TTM0.9785Y0.961+0.018
5Y0.96110Y0.965-0.004
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9781.586-0.608
TTM0.9781.549-0.571
YOY0.9731.541-0.568
5Y0.9611.525-0.564
10Y0.9651.284-0.319

1.3. Liquidity of Adva Optical Networking SE.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Communication Equipment 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 Adva Optical Networking SE:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY1.557-1.557
TTM-5Y1.372-1.372
5Y1.37210Y1.628-0.256
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.909-1.909
TTM-1.887-1.887
YOY1.5571.857-0.300
5Y1.3721.960-0.588
10Y1.6281.795-0.167
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Adva to the Communication Equipment 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 Adva Optical Networking SE:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY0.851-0.851
TTM-5Y0.831-0.831
5Y0.83110Y1.064-0.234
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.860-0.860
TTM-0.895-0.895
YOY0.8510.955-0.104
5Y0.8311.022-0.191
10Y1.0641.064+0.000

1.4. Solvency of Adva Optical Networking SE.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Adva to Communication Equipment industry mean.
  • A Debt to Asset Ratio of 0.43 means that Adva assets are financed with 43.0% credit (debt) and the remaining percentage (100% - 43.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Adva Optical Networking SE:

  • The MRQ is 0.430. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.430. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.430TTM0.4300.000
TTM0.430YOY0.4300.000
TTM0.4305Y0.458-0.028
5Y0.45810Y0.469-0.011
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4300.469-0.039
TTM0.4300.477-0.047
YOY0.4300.473-0.043
5Y0.4580.468-0.010
10Y0.4690.457+0.012
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Adva to the Communication Equipment industry mean.
  • A Debt to Equity ratio of 75.5% means that company has €0.76 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Adva Optical Networking SE:

  • The MRQ is 0.755. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.755. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.755TTM0.7550.000
TTM0.755YOY0.7550.000
TTM0.7555Y0.855-0.100
5Y0.85510Y0.892-0.036
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7550.835-0.080
TTM0.7550.857-0.102
YOY0.7550.894-0.139
5Y0.8550.896-0.041
10Y0.8920.920-0.028

2. Market Valuation of Adva Optical Networking SE

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 Adva generates.

  • Above 15 is considered overpriced but always compare Adva to the Communication Equipment industry mean.
  • A PE ratio of -71.73 means the investor is paying €-71.73 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Adva Optical Networking SE:

  • The EOD is -71.658. Based on the earnings, the company is expensive. -2
  • The MRQ is -71.730. Based on the earnings, the company is expensive. -2
  • The TTM is -71.730. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-71.658MRQ-71.730+0.072
MRQ-71.730TTM-71.7300.000
TTM-71.730YOY63.331-135.061
TTM-71.7305Y16.369-88.099
5Y16.36910Y9.996+6.373
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
EOD-71.6582.853-74.511
MRQ-71.7304.342-76.072
TTM-71.7307.605-79.335
YOY63.33112.730+50.601
5Y16.36914.306+2.063
10Y9.99616.956-6.960
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Adva Optical Networking SE:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-19.691+19.691
TTM-5Y13.565-13.565
5Y13.56510Y-20.967+34.532
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.291-2.291
TTM-1.029-1.029
YOY-19.691-0.701-18.990
5Y13.5651.760+11.805
10Y-20.9671.872-22.839
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Communication Equipment industry mean).
  • A PB ratio of 2.82 means the investor is paying €2.82 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Adva Optical Networking SE:

  • The EOD is 2.818. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.821. Based on the equity, the company is underpriced. +1
  • The TTM is 2.821. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.818MRQ2.821-0.003
MRQ2.821TTM2.8210.000
TTM2.821YOY3.111-0.291
TTM2.8215Y2.226+0.595
5Y2.22610Y1.909+0.317
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
EOD2.8181.917+0.901
MRQ2.8211.996+0.825
TTM2.8212.034+0.787
YOY3.1112.047+1.064
5Y2.2262.305-0.079
10Y1.9092.666-0.757
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Adva Optical Networking SE compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share----0%0.560-100%0.478-100%0.406-100%
Book Value Per Share--7.0907.0900%7.0900%6.136+16%5.188+37%
Current Ratio----0%1.557-100%1.372-100%1.628-100%
Debt To Asset Ratio--0.4300.4300%0.4300%0.458-6%0.469-8%
Debt To Equity Ratio--0.7550.7550%0.7550%0.855-12%0.892-15%
Dividend Per Share----0%-0%-0%-0%
Eps---0.279-0.2790%0.348-180%0.347-180%0.293-195%
Gross Profit Margin--1.0001.0000%-3.031+403%-2.672+367%-1.071+207%
Market Cap1040048910.0000%1041090000.0001041090000.0000%1148322270.000-9%742193061.000+40%548706484.500+90%
Net Profit Margin---0.024-0.0240%0.025-193%0.030-180%0.028-184%
Operating Margin--0.0220.0220%0.025-15%-0.028+231%0.002+1261%
Operating Ratio--0.9780.9780%0.973+1%0.961+2%0.965+1%
Pb Ratio2.8180%2.8212.8210%3.111-9%2.226+27%1.909+48%
Pe Ratio-71.658+0%-71.730-71.7300%63.331-213%16.369-538%9.996-818%
Price Per Share19.9800%20.00020.0000%22.060-9%14.258+40%10.541+90%
Price To Free Cash Flow Ratio----0%-19.6910%13.565-100%-20.9670%
Quick Ratio----0%0.851-100%0.831-100%1.064-100%
Return On Assets---0.022-0.0220%0.028-180%0.032-171%0.031-173%
Return On Equity---0.039-0.0390%0.049-180%0.058-168%0.057-169%
Total Gains Per Share----0%0.560-100%0.478-100%0.406-100%
Usd Book Value--399233836.000399233836.0000%399233836.0000%345512719.880+16%292137531.420+37%
Usd Book Value Change Per Share----0%0.606-100%0.517-100%0.439-100%
Usd Book Value Per Share--7.6707.6700%7.6700%6.638+16%5.612+37%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.302-0.3020%0.377-180%0.375-180%0.317-195%
Usd Free Cash Flow----0%-63080417.2000%9915943.900-100%4970519.670-100%
Usd Market Cap1125020905.9470%1126147053.0001126147053.0000%1242140199.459-9%802830234.084+40%593535804.284+90%
Usd Price Per Share21.6120%21.63421.6340%23.862-9%15.423+40%11.402+90%
Usd Profit---15699793.800-15699793.8000%19613384.400-180%19512786.300-180%16485108.000-195%
Usd Revenue--663807920.700663807920.7000%770293713.800-14%660027595.540+1%585754071.250+13%
Usd Total Gains Per Share----0%0.606-100%0.517-100%0.439-100%
 EOD+2 -4MRQTTM+0 -0YOY+4 -185Y+13 -1610Y+12 -16

3.2. Fundamental Score

Let's check the fundamental score of Adva Optical Networking SE based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-71.658
Price to Book Ratio (EOD)Between0-12.818
Net Profit Margin (MRQ)Greater than0-0.024
Operating Margin (MRQ)Greater than00.022
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.430
Debt to Equity Ratio (MRQ)Less than10.755
Return on Equity (MRQ)Greater than0.15-0.039
Return on Assets (MRQ)Greater than0.05-0.022
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Adva Optical Networking SE based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5047.459
Ma 20Greater thanMa 5019.985
Ma 50Greater thanMa 10020.016
Ma 100Greater thanMa 20020.000
OpenGreater thanClose19.980
Total2/5 (40.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-12-312020-12-312021-12-312022-12-312023-12-31
Other Current Assets  2,203-1,5076961618574651,322-31,876-30,554
Net Income  7,04513,26920,31438,90459,218-41,08618,132-32,646-14,514
EBITDA  12,92416,60229,52618,22347,74947,06794,816-96,028-1,212
Depreciation and Amortization  62,1912,87065,0615,34670,4076,29776,704-91,218-14,514
Total Other Income Expense Net 58,1962,15860,3548,54068,894-66,9401,954-15,256-13,302



Latest Balance Sheet

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

Summary
 As reported
Total Liabilities 0
Total Stockholder Equity+ 0
Total Assets = 0

Assets

Total Current Assets
Cash And Cash Equivalents 30,554
Other Current Assets -30,554
Total Current Assets  (as reported)0
Total Current Assets  (calculated)0
+/-0
Long-term Assets
Long-term Assets  (as reported)0
Long-term Assets  (calculated)0
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities
Total Current Liabilities  (as reported)0
Total Current Liabilities  (calculated)0
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Total Stockholder Equity (as reported)0
Total Stockholder Equity (calculated)0
+/-0
Other
Cash and Short Term Investments 30,554
Net Debt -30,554



Balance Sheet

All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-31
> Total Assets 
82,266
77,415
96,652
125,067
232,685
205,401
195,800
196,997
234,122
259,896
284,095
293,078
324,837
391,535
467,892
464,019
486,538
536,362
499,972
601,524
647,912
0
0647,912601,524499,972536,362486,538464,019467,892391,535324,837293,078284,095259,896234,122196,997195,800205,401232,685125,06796,65277,41582,266
   > Total Current Assets 
41,693
43,026
57,626
77,716
132,188
128,451
121,140
118,514
149,622
160,510
174,298
178,777
192,304
247,018
268,361
232,639
257,216
269,240
247,575
335,653
373,328
0
0373,328335,653247,575269,240257,216232,639268,361247,018192,304178,777174,298160,510149,622118,514121,140128,451132,18877,71657,62643,02641,693
       Cash And Cash Equivalents 
0
0
24,054
28,145
32,181
41,576
46,560
50,882
54,085
59,110
70,274
80,610
83,756
93,702
84,725
58,099
62,308
54,088
63,187
106,634
55,778
30,554
30,55455,778106,63463,18754,08862,30858,09984,72593,70283,75680,61070,27459,11054,08550,88246,56041,57632,18128,14524,05400
       Short-term Investments 
0
0
0
0
0
0
36
35
0
0
4,410
2,926
241
2,242
2,797
3,780
3,168
986
1,548
3,215
2,290
0
02,2903,2151,5489863,1683,7802,7972,2422412,9264,410003536000000
       Net Receivables 
0
0
0
35,198
57,707
55,754
0
0
0
0
0
56,058
57,547
74,888
86,058
87,276
104,082
106,608
92,020
95,742
143,649
0
0143,64995,74292,020106,608104,08287,27686,05874,88857,54756,0580000055,75457,70735,198000
       Inventory 
9,951
8,561
11,148
14,373
42,034
31,029
26,961
25,400
39,588
36,536
41,339
40,074
46,982
72,950
92,800
81,694
85,734
105,355
90,124
129,205
170,289
0
0170,289129,20590,124105,35585,73481,69492,80072,95046,98240,07441,33936,53639,58825,40026,96131,02942,03414,37311,1488,5619,951
       Other Current Assets 
31,742
34,465
22,424
0
266
92
47,583
42,197
55,949
64,864
58,275
55,167
61,566
78,124
88,039
89,066
106,006
2,203
696
857
1,322
-30,554
-30,5541,3228576962,203106,00689,06688,03978,12461,56655,16758,27564,86455,94942,19747,58392266022,42434,46531,742
   > Long-term Assets 
40,573
34,389
39,026
47,351
100,497
76,950
74,660
78,483
84,500
99,386
109,797
114,301
132,533
144,517
199,531
231,380
229,322
267,122
252,397
265,871
274,584
0
0274,584265,871252,397267,122229,322231,380199,531144,517132,533114,301109,79799,38684,50078,48374,66076,950100,49747,35139,02634,38940,573
       Property Plant Equipment 
8,829
8,285
8,930
5,497
9,749
10,262
18,195
17,368
20,597
21,599
23,338
21,882
20,961
19,955
25,126
26,898
29,052
64,607
56,621
55,817
54,545
0
054,54555,81756,62164,60729,05226,89825,12619,95520,96121,88223,33821,59920,59717,36818,19510,2629,7495,4978,9308,2858,829
       Goodwill 
9,738
8,955
11,046
0
0
0
18,854
19,103
19,653
19,842
19,876
19,875
23,581
24,881
41,538
68,167
70,400
72,023
67,036
71,595
71,307
0
071,30771,59567,03672,02370,40068,16741,53824,88123,58119,87519,87619,84219,65319,10318,85400011,0468,9559,738
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
1,798
2,022
2,418
2,609
3,097
2,830
1,537
0
0
0
0
00001,5372,8303,0972,6092,4182,0221,79800000000000
       Intangible Assets 
7,902
2,434
2,930
0
0
0
3,960
9,991
7,467
5,541
51,083
54,779
59,299
66,677
92,692
121,960
119,450
120,737
118,913
118,309
126,098
0
0126,098118,309118,913120,737119,450121,96092,69266,67759,29954,77951,0835,5417,4679,9913,9600002,9302,4347,902
       Long-term Assets Other 
14,104
14,715
823
21,451
28,196
14,661
30,210
26,082
32,079
41,167
5,205
4,912
3,015
2,242
2,797
3,806
3,168
986
1,548
3,422
2,540
0
02,5403,4221,5489863,1683,8062,7972,2423,0154,9125,20541,16732,07926,08230,21014,66128,19621,45182314,71514,104
> Total Liabilities 
37,167
27,495
34,715
45,386
94,363
94,770
97,802
95,727
118,708
123,910
130,186
135,258
147,723
175,614
228,945
236,998
241,897
280,570
236,754
261,612
278,832
0
0278,832261,612236,754280,570241,897236,998228,945175,614147,723135,258130,186123,910118,70895,72797,80294,77094,36345,38634,71527,49537,167
   > Total Current Liabilities 
31,682
23,047
28,072
0
0
0
57,867
67,220
72,301
85,391
91,684
71,872
83,982
112,034
141,526
184,751
145,576
159,140
130,638
195,532
239,711
0
0239,711195,532130,638159,140145,576184,751141,526112,03483,98271,87291,68485,39172,30167,22057,86700028,07223,04731,682
       Short-term Debt 
1,168
941
886
0
0
0
5,844
13,004
1,487
10,333
14,756
4,204
7,302
18,220
18,648
79,061
19,400
25,303
21,299
31,290
62,078
0
062,07831,29021,29925,30319,40079,06118,64818,2207,3024,20414,75610,3331,48713,0045,8440008869411,168
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
39,210
7,293
18,220
18,648
79,061
19,400
19,221
15,492
25,289
56,430
0
056,43025,28915,49219,22119,40079,06118,64818,2207,29339,21000000000000
       Accounts payable 
5,361
3,895
5,787
8,352
22,826
18,661
22,641
27,009
33,140
33,224
38,078
26,515
33,028
43,721
73,290
39,193
63,195
73,398
44,151
83,223
88,713
0
088,71383,22344,15173,39863,19539,19373,29043,72133,02826,51538,07833,22433,14027,00922,64118,66122,8268,3525,7873,8955,361
       Other Current Liabilities 
25,153
18,211
21,399
5,212
9,397
10,679
29,382
27,207
37,674
41,834
38,850
41,153
43,652
50,093
49,588
66,497
53,436
2,920
3,181
4,771
67,732
0
067,7324,7713,1812,92053,43666,49749,58850,09343,65241,15338,85041,83437,67427,20729,38210,6799,3975,21221,39918,21125,153
   > Long-term Liabilities 
5,485
4,448
6,643
0
0
0
39,935
28,507
46,407
38,519
38,502
63,386
63,741
63,580
87,419
52,247
96,321
121,430
106,116
66,080
39,121
0
039,12166,080106,116121,43096,32152,24787,41963,58063,74163,38638,50238,51946,40728,50739,9350006,6434,4485,485
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
28,666
36,051
39,131
23,362
30,382
26,237
31,324
36,989
24,549
23,567
0
023,56724,54936,98931,32426,23730,38223,36239,13136,05128,66600000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
52,080
56,438
62,439
76,263
85,175
87,926
96,169
98,607
97,786
97,975
0
097,97597,78698,60796,16987,92685,17576,26362,43956,43852,08000000000000
> Total Stockholder Equity
45,099
49,920
61,937
79,681
138,322
110,631
97,998
101,270
115,414
135,986
153,909
157,820
177,114
215,921
238,947
227,021
244,641
255,792
263,218
339,912
369,080
0
0369,080339,912263,218255,792244,641227,021238,947215,921177,114157,820153,909135,986115,414101,27097,998110,631138,32279,68161,93749,92045,099
   Common Stock
33,137
33,185
34,149
34,932
45,364
45,992
46,149
46,149
47,169
47,525
47,823
48,023
48,096
49,374
49,499
49,736
49,931
50,182
50,497
51,446
52,005
0
052,00551,44650,49750,18249,93149,73649,49949,37448,09648,02347,82347,52547,16946,14946,14945,99245,36434,93234,14933,18533,137
   Retained Earnings Total Equity0000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
0
-39,921
-45,642
-51,940
-53,928
-59,939
-69,627
-78,063
-83,799
-86,108
-92,028
1,690
-13,660
-4,195
528
0
0528-4,195-13,6601,690-92,028-86,108-83,799-78,063-69,627-59,939-53,928-51,940-45,642-39,9210000000
   Capital Surplus 0000000000000000000000
   Treasury Stock0000000000000000000000
   Other Stockholders Equity 
11,962
16,735
231,838
32,875
103,301
94,094
280,321
332,390
349,321
357,319
355,374
359,589
373,995
393,112
400,217
394,591
408,431
318,568
307,055
323,582
333,531
0
0333,531323,582307,055318,568408,431394,591400,217393,112373,995359,589355,374357,319349,321332,390280,32194,094103,30132,875231,83816,73511,962



Balance Sheet

All numbers in thousands.




Cash Flow

All numbers in thousands.




Income Statement

All numbers in thousands.


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

Gross Profit (+$)
totalRevenue613,671
Cost of Revenue-0
Gross Profit613,671613,671
 
Operating Income (+$)
Gross Profit613,671
Operating Expense-600,369
Operating Income13,30213,302
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense600,3690
 
Net Interest Income (+$)
Interest Income0
Interest Expense-0
Other Finance Cost-0
Net Interest Income0
 
Pretax Income (+$)
Operating Income13,302
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)026,604
EBIT - interestExpense = 13,302
0
-14,514
Interest Expense0
Earnings Before Interest and Taxes (EBIT)13,3020
Earnings Before Interest and Taxes (EBITDA)-1,212
 
After tax Income (+$)
Income Before Tax0
Tax Provision-0
Net Income From Continuing Ops00
Net Income-14,514
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses600,369
Total Other Income/Expenses Net-13,3020
 

Technical Analysis of Adva
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 Adva. The general trend of Adva 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 Adva'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 Adva Optical Networking SE.

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

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

The bullish price targets are: 20.10 < 20.10 < 20.10.

The bearish price targets are: 19.88 > 19.88 > 19.86.

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Adva Optical Networking SE 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 Adva Optical Networking SE. 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 down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending 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

Adva Optical Networking SE 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 Adva Optical Networking SE. The current macd is -0.01023365.

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 Adva price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Adva. 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 Adva 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
Adva Optical Networking SE Daily Moving Average Convergence/Divergence (MACD) ChartAdva Optical Networking SE 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 Adva Optical Networking SE. The current adx is 31.22.

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 Adva 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.
Adva Optical Networking SE 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 Adva Optical Networking SE. The current sar is 20.10.

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
Adva Optical Networking SE 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 Adva Optical Networking SE. The current rsi is 47.46. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending down: The RSI is trending down. -1
Adva Optical Networking SE Daily Relative Strength Index (RSI) ChartAdva Optical Networking SE 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 Adva Optical Networking SE. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Adva price going up in the near term. +2
  • Trending down: The STOCH %K is trending down. -1
Adva Optical Networking SE Daily Stochastic Oscillator ChartAdva Optical Networking SE 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 Adva Optical Networking SE. The current cci is -99.74160207.

Adva Optical Networking SE Daily Commodity Channel Index (CCI) ChartAdva Optical Networking SE 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 Adva Optical Networking SE. The current cmo is -4.7769232.

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
Adva Optical Networking SE Daily Chande Momentum Oscillator (CMO) ChartAdva Optical Networking SE 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 Adva Optical Networking SE. The current willr is -48.57142857.

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

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

Adva Optical Networking SE 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 Adva Optical Networking SE. The current atr is 0.10259578.

Adva Optical Networking SE Daily Average True Range (ATR) ChartAdva Optical Networking SE 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 Adva Optical Networking SE. The current obv is 198,861.

Adva Optical Networking SE Daily On-Balance Volume (OBV) ChartAdva Optical Networking SE 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 Adva Optical Networking SE. The current mfi is 38.02.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Adva Optical Networking SE Daily Money Flow Index (MFI) ChartAdva Optical Networking SE Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Adva Optical Networking SE.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Adva Optical Networking SE Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Adva Optical Networking SE based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5047.459
Ma 20Greater thanMa 5019.985
Ma 50Greater thanMa 10020.016
Ma 100Greater thanMa 20020.000
OpenGreater thanClose19.980
Total2/5 (40.0%)
Penke

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