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Argeo AS
Buy, Hold or Sell?

Let's analyse Argeo together

PenkeI guess you are interested in Argeo AS. 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 Argeo AS. 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 Argeo (30 sec.)










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

How much money do you get?

How much money do you get?
kr0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
kr0.81
Expected worth in 1 year
kr0.73
How sure are you?
41.7%

+ What do you gain per year?

Total Gains per Share
kr-0.08
Return On Investment
-2.6%

For what price can you sell your share?

Current Price per Share
kr3.01
Expected price per share
kr1.995 - kr3.71
How sure are you?
50%

1. Valuation of Argeo (5 min.)




Live pricePrice per Share (EOD)

kr3.01

2. Growth of Argeo (5 min.)




Is Argeo growing?

Current yearPrevious yearGrowGrow %
How rich?$14.4m$15m$1m6.6%

How much money is Argeo making?

Current yearPrevious yearGrowGrow %
Making money-$2.5m-$1.2m-$1.3m-50.8%
Net Profit Margin-134.4%-622.6%--

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

3. Financial Health of Argeo (5 min.)




4. Comparing to competitors in the Oil & Gas Equipment & Services industry (5 min.)




  Industry Rankings (Oil & Gas Equipment & Services)  


Richest
#140 / 168

Most Revenue
#155 / 168

Most Profit
#135 / 168

Most Efficient
#164 / 168

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

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

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

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

Speculation

The Price per Share of Argeo is kr3.01. 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 Argeo.
  • 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 Argeo, 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 kr0.81. Based on the TTM, the Book Value Change Per Share is kr-0.02 per quarter. Based on the YOY, the Book Value Change Per Share is kr0.02 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is kr0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Argeo.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 kr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Share
Usd Eps-0.02-0.5%-0.01-0.5%-0.01-0.2%-0.01-0.2%-0.01-0.2%
Usd Book Value Change Per Share-0.01-0.4%0.00-0.1%0.000.1%0.010.2%0.010.2%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-0.01-0.4%0.00-0.1%0.000.1%0.010.2%0.010.2%
Usd Price Per Share0.40-0.23-0.51-0.37-0.37-
Price to Earnings Ratio-6.56--4.12--25.31--32.35--32.35-
Price-to-Total Gains Ratio-32.49-4.59--83.89--56.06--56.06-
Price to Book Ratio5.30-2.81-6.87-4.88-4.88-
Price-to-Total Gains Ratio-32.49-4.59--83.89--56.06--56.06-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.278726
Number of shares3587
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.000.01
Usd Total Gains Per Share0.000.01
Gains per Quarter (3587 shares)-6.4422.47
Gains per Year (3587 shares)-25.7589.87
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-26-3609080
20-52-620180170
30-77-880270260
40-103-1140359350
50-129-1400449440
60-155-1660539530
70-180-1920629620
80-206-2180719710
90-232-2440809800
100-258-2700899890

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 Share0.04.00.00.0%1.011.00.08.3%1.011.00.08.3%1.011.00.08.3%1.011.00.08.3%
Book Value Change Per Share2.02.00.050.0%5.06.01.041.7%5.06.01.041.7%5.06.01.041.7%5.06.01.041.7%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.012.00.0%0.00.012.00.0%0.00.012.00.0%
Total Gains per Share2.02.00.050.0%5.06.01.041.7%5.06.01.041.7%5.06.01.041.7%5.06.01.041.7%

Fundamentals of Argeo

About Argeo AS

Argeo AS provides technical solutions and services to the surveying and inspection industry. It offers geophysical, hydrographical, route, environmental, ultra-high-resolution photo, and shallow-water USV survey services; inspection services, such as pipeline inspection, cathodic protection, electric cable inspection, depth-of-burial, installation/IMR support, and as-laid survey; and maintenance and repair services, including subsea IMR, CP/integrity inspections, module replacement, light intervention, construction and installation, and commissioning and handover. The company also provides offshore wind concessions, marine mineral exploration, greenfield survey, environmental survey, and decommissioning services. It serves oil and gas, renewables, offshore installations, and marine minerals industries. The company was incorporated in 2014 and is based in Hvalstad, Norway.

Fundamental data was last updated by Penke on 2024-03-09 07:18:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge 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 very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

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

1.1. Profitability of Argeo AS.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Argeo earns for each kr1 of revenue.

  • Above 10% is considered healthy but always compare Argeo to the Oil & Gas Equipment & Services industry mean.
  • A Net Profit Margin of -64.0% means that kr-0.64 for each kr1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Argeo AS:

  • The MRQ is -64.0%. The company is making a huge loss. -2
  • The TTM is -134.4%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-64.0%TTM-134.4%+70.4%
TTM-134.4%YOY-622.6%+488.2%
TTM-134.4%5Y-266.7%+132.3%
5Y-266.7%10Y-266.7%0.0%
Compared to industry (Oil & Gas Equipment & Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-64.0%3.6%-67.6%
TTM-134.4%4.3%-138.7%
YOY-622.6%1.9%-624.5%
5Y-266.7%-4.1%-262.6%
10Y-266.7%-3.6%-263.1%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Argeo to the Oil & Gas Equipment & Services industry mean.
  • -9.7% Return on Assets means that Argeo generated kr-0.10 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Argeo AS:

  • The MRQ is -9.7%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -8.4%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-9.7%TTM-8.4%-1.3%
TTM-8.4%YOY-5.7%-2.7%
TTM-8.4%5Y-5.0%-3.4%
5Y-5.0%10Y-5.0%0.0%
Compared to industry (Oil & Gas Equipment & Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-9.7%1.0%-10.7%
TTM-8.4%1.0%-9.4%
YOY-5.7%0.4%-6.1%
5Y-5.0%-0.4%-4.6%
10Y-5.0%-0.4%-4.6%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Argeo to the Oil & Gas Equipment & Services industry mean.
  • -20.2% Return on Equity means Argeo generated kr-0.20 for each kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Argeo AS:

  • The MRQ is -20.2%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -16.1%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-20.2%TTM-16.1%-4.1%
TTM-16.1%YOY-8.3%-7.8%
TTM-16.1%5Y-8.0%-8.0%
5Y-8.0%10Y-8.0%0.0%
Compared to industry (Oil & Gas Equipment & Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-20.2%2.1%-22.3%
TTM-16.1%2.8%-18.9%
YOY-8.3%1.2%-9.5%
5Y-8.0%-1.2%-6.8%
10Y-8.0%-0.7%-7.3%

1.2. Operating Efficiency of Argeo AS.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Argeo is operating .

  • Measures how much profit Argeo makes for each kr1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Argeo to the Oil & Gas Equipment & Services industry mean.
  • An Operating Margin of 0.0% means the company generated kr0.00  for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Argeo AS:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-88.9%+88.9%
TTM-88.9%YOY-1,487.8%+1,398.9%
TTM-88.9%5Y-546.2%+457.3%
5Y-546.2%10Y-546.2%0.0%
Compared to industry (Oil & Gas Equipment & Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.5%-6.5%
TTM-88.9%4.7%-93.6%
YOY-1,487.8%4.4%-1,492.2%
5Y-546.2%-1.1%-545.1%
10Y-546.2%0.1%-546.3%
1.2.2. Operating Ratio

Measures how efficient Argeo is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Oil & Gas Equipment & Services industry mean).
  • An Operation Ratio of 1.52 means that the operating costs are kr1.52 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of Argeo AS:

  • The MRQ is 1.522. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.594. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.522TTM1.594-0.073
TTM1.594YOY7.316-5.722
TTM1.5945Y3.392-1.797
5Y3.39210Y3.3920.000
Compared to industry (Oil & Gas Equipment & Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5221.341+0.181
TTM1.5941.305+0.289
YOY7.3161.036+6.280
5Y3.3921.130+2.262
10Y3.3921.089+2.303

1.3. Liquidity of Argeo AS.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Oil & Gas Equipment & Services industry mean).
  • A Current Ratio of 0.90 means the company has kr0.90 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of Argeo AS:

  • The MRQ is 0.901. The company is just not able to pay all its short-term debts. -1
  • The TTM is 1.318. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ0.901TTM1.318-0.417
TTM1.318YOY6.379-5.061
TTM1.3185Y4.688-3.370
5Y4.68810Y4.6880.000
Compared to industry (Oil & Gas Equipment & Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9011.520-0.619
TTM1.3181.567-0.249
YOY6.3791.650+4.729
5Y4.6881.744+2.944
10Y4.6881.807+2.881
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Argeo to the Oil & Gas Equipment & Services industry mean.
  • A Quick Ratio of 0.47 means the company can pay off kr0.47 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Argeo AS:

  • The MRQ is 0.467. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.695. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.467TTM0.695-0.228
TTM0.695YOY4.822-4.127
TTM0.6955Y2.928-2.233
5Y2.92810Y2.9280.000
Compared to industry (Oil & Gas Equipment & Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4670.867-0.400
TTM0.6950.929-0.234
YOY4.8220.992+3.830
5Y2.9281.091+1.837
10Y2.9281.144+1.784

1.4. Solvency of Argeo AS.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Argeo to Oil & Gas Equipment & Services industry mean.
  • A Debt to Asset Ratio of 0.52 means that Argeo assets are financed with 51.9% credit (debt) and the remaining percentage (100% - 51.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Argeo AS:

  • The MRQ is 0.519. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.477. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.519TTM0.477+0.042
TTM0.477YOY0.271+0.206
TTM0.4775Y0.394+0.083
5Y0.39410Y0.3940.000
Compared to industry (Oil & Gas Equipment & Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5190.497+0.022
TTM0.4770.497-0.020
YOY0.2710.527-0.256
5Y0.3940.515-0.121
10Y0.3940.486-0.092
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Argeo to the Oil & Gas Equipment & Services industry mean.
  • A Debt to Equity ratio of 107.8% means that company has kr1.08 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Argeo AS:

  • The MRQ is 1.078. The company is able to pay all its debts with equity. +1
  • The TTM is 0.915. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ1.078TTM0.915+0.163
TTM0.915YOY0.421+0.494
TTM0.9155Y1.047-0.131
5Y1.04710Y1.0470.000
Compared to industry (Oil & Gas Equipment & Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0780.976+0.102
TTM0.9150.971-0.056
YOY0.4211.008-0.587
5Y1.0471.040+0.007
10Y1.0471.025+0.022

2. Market Valuation of Argeo AS

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every kr1 in earnings Argeo generates.

  • Above 15 is considered overpriced but always compare Argeo to the Oil & Gas Equipment & Services industry mean.
  • A PE ratio of -6.56 means the investor is paying kr-6.56 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Argeo AS:

  • The EOD is -4.595. Based on the earnings, the company is expensive. -2
  • The MRQ is -6.564. Based on the earnings, the company is expensive. -2
  • The TTM is -4.121. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-4.595MRQ-6.564+1.969
MRQ-6.564TTM-4.121-2.443
TTM-4.121YOY-25.308+21.187
TTM-4.1215Y-32.350+28.229
5Y-32.35010Y-32.3500.000
Compared to industry (Oil & Gas Equipment & Services)
PeriodCompanyIndustry (mean)+/- 
EOD-4.5955.658-10.253
MRQ-6.5644.864-11.428
TTM-4.1215.338-9.459
YOY-25.3083.830-29.138
5Y-32.3505.203-37.553
10Y-32.3507.386-39.736
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is -13.081. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -18.687. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -4.622. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-13.081MRQ-18.687+5.606
MRQ-18.687TTM-4.622-14.065
TTM-4.622YOY-11.285+6.664
TTM-4.6225Y-6.938+2.317
5Y-6.93810Y-6.9380.000
Compared to industry (Oil & Gas Equipment & Services)
PeriodCompanyIndustry (mean)+/- 
EOD-13.0813.861-16.942
MRQ-18.6873.514-22.201
TTM-4.6221.849-6.471
YOY-11.285-0.774-10.511
5Y-6.9380.184-7.122
10Y-6.9380.430-7.368
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Oil & Gas Equipment & Services industry mean).
  • A PB ratio of 5.30 means the investor is paying kr5.30 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of Argeo AS:

  • The EOD is 3.708. Based on the equity, the company is fair priced.
  • The MRQ is 5.298. Based on the equity, the company is overpriced. -1
  • The TTM is 2.810. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD3.708MRQ5.298-1.589
MRQ5.298TTM2.810+2.488
TTM2.810YOY6.866-4.056
TTM2.8105Y4.882-2.072
5Y4.88210Y4.8820.000
Compared to industry (Oil & Gas Equipment & Services)
PeriodCompanyIndustry (mean)+/- 
EOD3.7081.258+2.450
MRQ5.2981.184+4.114
TTM2.8101.199+1.611
YOY6.8661.274+5.592
5Y4.8821.120+3.762
10Y4.8821.358+3.524
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Argeo AS 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---0.132-0.019-85%0.020-758%0.068-296%0.068-296%
Book Value Per Share--0.8120.905-10%0.844-4%0.726+12%0.726+12%
Current Ratio--0.9011.318-32%6.379-86%4.688-81%4.688-81%
Debt To Asset Ratio--0.5190.477+9%0.271+92%0.394+32%0.394+32%
Debt To Equity Ratio--1.0780.915+18%0.421+156%1.047+3%1.047+3%
Dividend Per Share----0%-0%-0%-0%
Eps---0.164-0.146-11%-0.076-54%-0.077-53%-0.077-53%
Free Cash Flow Per Share---0.058-0.140+144%-0.266+362%-0.192+233%-0.192+233%
Free Cash Flow To Equity Per Share---0.0580.065-189%-0.065+13%0.031-286%0.031-286%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Market Cap580629000.000-43%829470000.000476945250.000+74%1066302975.000-22%777933550.000+7%777933550.000+7%
Net Profit Margin---0.640-1.344+110%-6.226+872%-2.667+317%-2.667+317%
Operating Margin----0.8890%-14.8780%-5.4620%-5.4620%
Operating Ratio--1.5221.594-5%7.316-79%3.392-55%3.392-55%
Pb Ratio3.708-43%5.2982.810+89%6.866-23%4.882+9%4.882+9%
Pe Ratio-4.595+30%-6.564-4.121-37%-25.308+286%-32.350+393%-32.350+393%
Price Per Share3.010-43%4.3002.473+74%5.528-22%4.033+7%4.033+7%
Price To Free Cash Flow Ratio-13.081+30%-18.687-4.622-75%-11.285-40%-6.938-63%-6.938-63%
Price To Total Gains Ratio-22.745+30%-32.4934.590-808%-83.890+158%-56.063+73%-56.063+73%
Quick Ratio--0.4670.695-33%4.822-90%2.928-84%2.928-84%
Return On Assets---0.097-0.084-14%-0.057-42%-0.050-49%-0.050-49%
Return On Equity---0.202-0.161-20%-0.083-59%-0.080-60%-0.080-60%
Total Gains Per Share---0.132-0.019-85%0.020-758%0.068-296%0.068-296%
Usd Book Value--14498196.80016157519.350-10%15084786.085-4%12966809.970+12%12966809.970+12%
Usd Book Value Change Per Share---0.012-0.002-85%0.002-758%0.006-296%0.006-296%
Usd Book Value Per Share--0.0750.084-10%0.078-4%0.067+12%0.067+12%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.015-0.014-11%-0.007-54%-0.007-53%-0.007-53%
Usd Free Cash Flow---1027582.200-2504806.850+144%-4747971.011+362%-3135847.252+205%-3135847.252+205%
Usd Free Cash Flow Per Share---0.005-0.013+144%-0.025+362%-0.018+233%-0.018+233%
Usd Free Cash Flow To Equity Per Share---0.0050.006-189%-0.006+13%0.003-286%0.003-286%
Usd Market Cap53766245.400-43%76808922.00044165130.150+74%98739655.485-22%72036646.730+7%72036646.730+7%
Usd Price Per Share0.279-43%0.3980.229+74%0.512-22%0.373+7%0.373+7%
Usd Profit---2925511.800-2582382.500-12%-1269520.234-57%-1344698.956-54%-1344698.956-54%
Usd Revenue--4569347.0002551940.250+79%535095.860+754%1192106.310+283%1192106.310+283%
Usd Total Gains Per Share---0.012-0.002-85%0.002-758%0.006-296%0.006-296%
 EOD+3 -5MRQTTM+11 -21YOY+12 -205Y+14 -1810Y+14 -18

3.2. Fundamental Score

Let's check the fundamental score of Argeo AS based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-4.595
Price to Book Ratio (EOD)Between0-13.708
Net Profit Margin (MRQ)Greater than0-0.640
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.467
Current Ratio (MRQ)Greater than10.901
Debt to Asset Ratio (MRQ)Less than10.519
Debt to Equity Ratio (MRQ)Less than11.078
Return on Equity (MRQ)Greater than0.15-0.202
Return on Assets (MRQ)Greater than0.05-0.097
Total1/10 (10.0%)

3.3. Technical Score

Let's check the technical score of Argeo AS based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.261
Ma 20Greater thanMa 503.047
Ma 50Greater thanMa 1003.377
Ma 100Greater thanMa 2003.546
OpenGreater thanClose3.060
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.

 2022-09-302022-12-312023-03-312023-06-302023-09-30
Net Working Capital  16,34832,45448,802-46,7802,02222,27024,292-31,653-7,361



Latest Balance Sheet

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

Summary
Total Assets325,402
Total Liabilities168,834
Total Stockholder Equity156,568
 As reported
Total Liabilities 168,834
Total Stockholder Equity+ 156,568
Total Assets = 325,402

Assets

Total Assets325,402
Total Current Assets67,334
Long-term Assets258,067
Total Current Assets
Cash And Cash Equivalents 1,221
Net Receivables 34,871
Inventory 21,910
Other Current Assets 9,332
Total Current Assets  (as reported)67,334
Total Current Assets  (calculated)67,334
+/-0
Long-term Assets
Property Plant Equipment 209,123
Intangible Assets 36,731
Long-term Assets Other 7,152
Long-term Assets  (as reported)258,067
Long-term Assets  (calculated)253,006
+/- 5,061

Liabilities & Shareholders' Equity

Total Current Liabilities74,695
Long-term Liabilities94,139
Total Stockholder Equity156,568
Total Current Liabilities
Accounts payable 47,416
Other Current Liabilities 27,279
Total Current Liabilities  (as reported)74,695
Total Current Liabilities  (calculated)74,695
+/-0
Long-term Liabilities
Long term Debt 94,139
Long-term Liabilities  (as reported)94,139
Long-term Liabilities  (calculated)94,139
+/-0
Total Stockholder Equity
Total Stockholder Equity (as reported)156,568
Total Stockholder Equity (calculated)0
+/- 156,568
Other
Capital Stock9,439
Common Stock Shares Outstanding 94,391
Net Debt 92,918
Net Invested Capital 250,707
Net Working Capital -7,361
Property Plant and Equipment Gross 245,497



Balance Sheet

Currency in NOK. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-03-31
> Total Assets 
0
27,962
0
180,070
169,956
167,340
190,727
248,377
324,752
345,781
311,443
350,542
325,402
325,402350,542311,443345,781324,752248,377190,727167,340169,956180,070027,9620
   > Total Current Assets 
0
12,488
2,418
137,373
86,957
139,990
94,642
138,549
98,992
98,992
54,823
91,600
67,334
67,33491,60054,82398,99298,992138,54994,642139,99086,957137,3732,41812,4880
       Cash And Cash Equivalents 
0
7,592
0
124,699
78,955
63,926
32,898
65,958
42,458
19,365
14,082
12,377
1,221
1,22112,37714,08219,36542,45865,95832,89863,92678,955124,69907,5920
       Net Receivables 
0
4,419
1,024
12,262
7,726
74,128
9,142
12,701
62,050
62,050
9,436
1,571
34,871
34,8711,5719,43662,05062,05012,7019,14274,1287,72612,2621,0244,4190
       Other Current Assets 
0
289
445
412
276
2,771
52,602
59,890
-1
-1
10,096
55,915
9,332
9,33255,91510,096-1-159,89052,6022,7712764124452890
   > Long-term Assets 
0
15,474
0
42,697
83,000
27,350
96,085
109,829
276,997
246,788
256,619
258,941
258,067
258,067258,941256,619246,788276,997109,82996,08527,35083,00042,697015,4740
       Property Plant Equipment 
0
0
1,220
31,039
68,346
3,965
65,072
63,340
222,315
211,841
217,887
212,215
209,123
209,123212,215217,887211,841222,31563,34065,0723,96568,34631,0391,22000
       Intangible Assets 
0
3,571
0
4,394
5,783
7,647
12,463
19,932
22,208
24,304
28,472
33,805
36,731
36,73133,80528,47224,30422,20819,93212,4637,6475,7834,39403,5710
       Other Assets 
0
0
4,188
5,755
8,899
17,907
25,499
37,105
25,610
25,610
29,613
34,870
0
034,87029,61325,61025,61037,10525,49917,9078,8995,7554,18800
> Total Liabilities 
0
21,759
0
17,676
13,953
19,289
52,489
54,578
153,229
156,673
141,266
168,446
168,834
168,834168,446141,266156,673153,22954,57852,48919,28913,95317,676021,7590
   > Total Current Liabilities 
0
15,065
2,689
11,063
7,679
13,356
16,856
18,600
50,190
50,190
52,801
67,308
74,695
74,69567,30852,80150,19050,19018,60016,85613,3567,67911,0632,68915,0650
       Accounts payable 
0
12,345
1,357
9,150
5,598
6,288
10,562
11,641
23,784
23,784
26,544
41,361
47,416
47,41641,36126,54423,78423,78411,64110,5626,2885,5989,1501,35712,3450
       Other Current Liabilities 
0
2,720
1,332
1,913
2,081
5,189
5,021
6,959
23,071
23,071
23,747
25,947
27,279
27,27925,94723,74723,07123,0716,9595,0215,1892,0811,9131,3322,7200
   > Long-term Liabilities 
0
6,693
0
6,613
6,273
5,933
35,633
35,978
121,822
106,483
88,466
101,138
94,139
94,139101,13888,466106,483121,82235,97835,6335,9336,2736,61306,6930
       Long term Debt Total 
0
0
0
0
6,273
5,933
35,633
35,978
121,822
106,482
88,465
101,138
0
0101,13888,465106,482121,82235,97835,6335,9336,2730000
       Other Liabilities 
0
0
0
0
0
0
0
0
1
1
0
0
0
0001100000000
       Deferred Long Term Liability 
0
0
3,364
4,394
5,783
7,647
12,463
19,932
21,260
21,260
25,455
30,966
0
030,96625,45521,26021,26019,93212,4637,6475,7834,3943,36400
> Total Stockholder Equity
0
6,203
0
162,394
156,004
148,051
138,238
193,799
171,523
189,108
170,177
182,096
156,568
156,568182,096170,177189,108171,523193,799138,238148,051156,004162,39406,2030
   Common Stock
0
0
610
2,744
2,744
2,744
2,744
4,258
5,110
5,110
7,614
9,172
0
09,1727,6145,1105,1104,2582,7442,7442,7442,74461000
   Retained Earnings Total Equity0000000000000
   Accumulated Other Comprehensive Income 0000000000000
   Capital Surplus 
0
0
0
0
179,381
164,558
179,438
233,402
233,402
279,545
280,869
319,020
0
0319,020280,869279,545233,402233,402179,438164,558179,3810000
   Treasury Stock0000000000000
   Other Stockholders Equity 
0
0
50
-14,774
-26,122
-19,251
-43,944
-43,861
-66,137
-95,547
-118,306
-146,096
0
0-146,096-118,306-95,547-66,137-43,861-43,944-19,251-26,122-14,7745000



Balance Sheet

Currency in NOK. All numbers in thousands.




Cash Flow

Currency in NOK. All numbers in thousands.




Income Statement

Currency in NOK. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue110,236
Cost of Revenue--27,568
Gross Profit137,804137,804
 
Operating Income (+$)
Gross Profit137,804
Operating Expense-199,211
Operating Income-88,975-61,407
 
Operating Expense (+$)
Research Development-
Selling General Administrative-
Selling And Marketing Expenses-
Operating Expense199,2110
 
Net Interest Income (+$)
Interest Income328
Interest Expense-951
Other Finance Cost-449
Net Interest Income-1,072
 
Pretax Income (+$)
Operating Income-88,975
Net Interest Income-1,072
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-91,641-88,975
EBIT - interestExpense = -951
-112,024
-111,073
Interest Expense951
Earnings Before Interest and Taxes (EBIT)--90,690
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-91,641
Tax Provision-20,382
Net Income From Continuing Ops-112,023-112,023
Net Income-112,024
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-1,072
 

Technical Analysis of Argeo
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 Argeo. The general trend of Argeo is BEARISH with 71.4% 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 Argeo'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 (-71.4%) Bearish trend (71.4%)
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 Argeo AS.

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: 3.51 < 3.6 < 3.71.

The bearish price targets are: 2.73 > 2.29 > 1.995.

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Argeo AS 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 Argeo AS. The current mas is .

The long score for the Moving Averages is 2/14.
The longshort score for the Moving Averages is -10/(-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 lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower 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

Argeo AS 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 Argeo AS. The current macd is -0.13078071.

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 Argeo price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Argeo. 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 Argeo 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
Argeo AS Daily Moving Average Convergence/Divergence (MACD) ChartArgeo AS 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 Argeo AS. The current adx is 16.46.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Argeo shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Argeo AS 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 Argeo AS. The current sar is 3.32737839.

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
Argeo AS 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 Argeo AS. The current rsi is 44.26. The current phase is Continuation in bear market.

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

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

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

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Argeo price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Argeo AS Daily Stochastic Oscillator ChartArgeo AS 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 Argeo AS. The current cci is -30.26533997.

Argeo AS Daily Commodity Channel Index (CCI) ChartArgeo AS 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 Argeo AS. The current cmo is -2.88671969.

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
Argeo AS Daily Chande Momentum Oscillator (CMO) ChartArgeo AS 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 Argeo AS. The current willr is -64.1025641.

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

Argeo AS 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 Argeo AS. The current atr is 0.19848603.

Argeo AS Daily Average True Range (ATR) ChartArgeo AS 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 Argeo AS. The current obv is -4,518,429.

Argeo AS Daily On-Balance Volume (OBV) ChartArgeo AS 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 Argeo AS. The current mfi is 56.18.

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

  • MFI > 50: +1
Argeo AS Daily Money Flow Index (MFI) ChartArgeo AS Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Argeo AS.

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.
2023-11-09STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-16STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-17MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-11-20STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-24SAR 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
2023-11-27DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-28CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-30WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-05STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-18SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-28STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-02STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-03CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-04WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-11STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-12SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-17MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-22DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-23STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-29DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-30STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-09CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-19WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-23STOCH 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
2024-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-11WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-12SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-13SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-20BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-21RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-22WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-25MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.

6.3. Candlestick Patterns

Argeo AS Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Argeo AS based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.261
Ma 20Greater thanMa 503.047
Ma 50Greater thanMa 1003.377
Ma 100Greater thanMa 2003.546
OpenGreater thanClose3.060
Total2/5 (40.0%)
Penke

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