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Ascopiave S.p.A.
Buy, Hold or Sell?

Let's analyse Ascopiave S.p.A. together

PenkeI guess you are interested in Ascopiave S.p.A.. 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 Ascopiave S.p.A.. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of Ascopiave S.p.A. (30 sec.)










What can you expect buying and holding a share of Ascopiave S.p.A.? (30 sec.)

How much money do you get?

How much money do you get?
€0.42
When do you have the money?
1 year
How often do you get paid?
96.4%

What is your share worth?

Current worth
€3.92
Expected worth in 1 year
€3.50
How sure are you?
89.3%

+ What do you gain per year?

Total Gains per Share
€-0.03
Return On Investment
-1.5%

For what price can you sell your share?

Current Price per Share
€2.39
Expected price per share
€2.33 - €2.535
How sure are you?
50%

1. Valuation of Ascopiave S.p.A. (5 min.)




Live pricePrice per Share (EOD)

€2.39

Intrinsic Value Per Share

€-2.67 - €-3.16

Total Value Per Share

€1.25 - €0.76

2. Growth of Ascopiave S.p.A. (5 min.)




Is Ascopiave S.p.A. growing?

Current yearPrevious yearGrowGrow %
How rich?$919.5m$979.9m-$43.9m-4.7%

How much money is Ascopiave S.p.A. making?

Current yearPrevious yearGrowGrow %
Making money$5.4m$11.1m-$5.6m-104.9%
Net Profit Margin11.8%27.3%--

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

3. Financial Health of Ascopiave S.p.A. (5 min.)




What can you expect buying and holding a share of Ascopiave S.p.A.? (5 min.)

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

What can you expect buying and holding a share of Ascopiave S.p.A.?

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

Speculation

The Price per Share of Ascopiave S.p.A. is €2.385. 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 Ascopiave S.p.A..
  • 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 Ascopiave S.p.A., you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is €3.92. Based on the TTM, the Book Value Change Per Share is €-0.11 per quarter. Based on the YOY, the Book Value Change Per Share is €0.10 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 €0.10 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Ascopiave S.p.A..

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps0.000.2%0.010.5%0.062.4%0.3715.7%0.2811.9%
Usd Book Value Change Per Share0.00-0.1%-0.11-4.8%0.114.7%0.114.5%0.156.4%
Usd Dividend Per Share0.000.0%0.114.4%0.177.1%0.145.9%0.156.3%
Usd Total Gains Per Share0.00-0.1%-0.01-0.4%0.2811.8%0.2510.4%0.3012.6%
Usd Price Per Share2.15-2.54-3.22-3.48-3.49-
Price to Earnings Ratio132.70-121.55-14.34-36.61-36.42-
Price-to-Total Gains Ratio-834.86--176.54-11.42--1.46-63.07-
Price to Book Ratio0.51-0.59-0.72-1.00-1.18-
Price-to-Total Gains Ratio-834.86--176.54-11.42--1.46-63.07-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share2.5798545
Number of shares387
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.110.14
Usd Book Value Change Per Share-0.110.11
Usd Total Gains Per Share-0.010.25
Gains per Quarter (387 shares)-3.6395.98
Gains per Year (387 shares)-14.51383.91
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1163-178-25218166374
2327-356-40436331758
3490-533-556554971142
4653-711-708736631526
5816-889-8510918281910
6980-1067-10013099942294
71143-1244-115152811602678
81306-1422-130174613253062
91469-1600-145196414913446
101633-1778-160218216573830

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%28.00.00.0100.0%28.00.00.0100.0%
Book Value Change Per Share0.04.00.00.0%7.05.00.058.3%13.07.00.065.0%18.010.00.064.3%18.010.00.064.3%
Dividend per Share3.00.01.075.0%11.00.01.091.7%19.00.01.095.0%27.00.01.096.4%27.00.01.096.4%
Total Gains per Share2.02.00.050.0%10.02.00.083.3%18.02.00.090.0%25.03.00.089.3%25.03.00.089.3%

Fundamentals of Ascopiave S.p.A.

About Ascopiave S.p.A.

Ascopiave S.p.A. distributes and sells natural gas in Italy. It operates through Gas Distribution, Renewable Energy, And Other segments. The company holds concessions and direct assignments for the supply of the service in various municipalities; and provides services to users through a distribution network, as well as provides services to catchment area. It is also involved in the electricity distribution, heat management and cogeneration activities, and renewable energy sector with hydroelectric plants and wind power. The company was founded in 1956 and is headquartered in Pieve di Soligo, Italy. Ascopiave S.p.A. operates as a subsidiary of Asco Holding SpA.

Fundamental data was last updated by Penke on 2024-03-22 15:41:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable 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 cheap.
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 Ascopiave S.p.A..

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Ascopiave S.p.A. earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Ascopiave S.p.A. to the Utilities - Regulated Gas industry mean.
  • A Net Profit Margin of 2.0% 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 Ascopiave S.p.A.:

  • The MRQ is 2.0%. The company is making a profit. +1
  • The TTM is 11.8%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ2.0%TTM11.8%-9.8%
TTM11.8%YOY27.3%-15.5%
TTM11.8%5Y86.7%-74.9%
5Y86.7%10Y64.2%+22.5%
1.1.2. Return on Assets

Shows how efficient Ascopiave S.p.A. is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Ascopiave S.p.A. to the Utilities - Regulated Gas industry mean.
  • 0.1% Return on Assets means that Ascopiave S.p.A. generated €0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Ascopiave S.p.A.:

  • The MRQ is 0.1%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.3%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.1%TTM0.3%-0.3%
TTM0.3%YOY0.7%-0.4%
TTM0.3%5Y2.6%-2.3%
5Y2.6%10Y2.3%+0.3%
1.1.3. Return on Equity

Shows how efficient Ascopiave S.p.A. is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Ascopiave S.p.A. to the Utilities - Regulated Gas industry mean.
  • 0.1% Return on Equity means Ascopiave S.p.A. generated €0.00 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Ascopiave S.p.A.:

  • The MRQ is 0.1%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 0.6%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.1%TTM0.6%-0.5%
TTM0.6%YOY1.2%-0.6%
TTM0.6%5Y4.1%-3.5%
5Y4.1%10Y3.7%+0.4%

1.2. Operating Efficiency of Ascopiave S.p.A..

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Ascopiave S.p.A. is operating .

  • Measures how much profit Ascopiave S.p.A. 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 Ascopiave S.p.A. to the Utilities - Regulated Gas industry mean.
  • An Operating Margin of 19.7% means the company generated €0.20  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Ascopiave S.p.A.:

  • The MRQ is 19.7%. The company is operating efficient. +1
  • The TTM is 19.6%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ19.7%TTM19.6%+0.1%
TTM19.6%YOY17.3%+2.3%
TTM19.6%5Y22.9%-3.3%
5Y22.9%10Y19.4%+3.5%
1.2.2. Operating Ratio

Measures how efficient Ascopiave S.p.A. is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Utilities - Regulated Gas industry mean).
  • An Operation Ratio of 1.18 means that the operating costs are €1.18 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Ascopiave S.p.A.:

  • The MRQ is 1.184. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.115. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.184TTM1.115+0.070
TTM1.115YOY1.119-0.004
TTM1.1155Y1.178-0.064
5Y1.17810Y1.295-0.117

1.3. Liquidity of Ascopiave S.p.A..

1.3. Liquidity
1.3.1. Current Ratio

Measures if Ascopiave S.p.A. is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Utilities - Regulated Gas industry mean).
  • A Current Ratio of 0.43 means the company has €0.43 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Ascopiave S.p.A.:

  • The MRQ is 0.430. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.513. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.430TTM0.513-0.084
TTM0.513YOY0.507+0.006
TTM0.5135Y0.631-0.117
5Y0.63110Y0.733-0.103
1.3.2. Quick Ratio

Measures if Ascopiave S.p.A. is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Ascopiave S.p.A. to the Utilities - Regulated Gas industry mean.
  • A Quick Ratio of 0.32 means the company can pay off €0.32 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Ascopiave S.p.A.:

  • The MRQ is 0.318. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.194. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.318TTM0.194+0.124
TTM0.194YOY0.238-0.044
TTM0.1945Y0.282-0.088
5Y0.28210Y0.411-0.129

1.4. Solvency of Ascopiave S.p.A..

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Ascopiave S.p.A. assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Ascopiave S.p.A. to Utilities - Regulated Gas industry mean.
  • A Debt to Asset Ratio of 0.46 means that Ascopiave S.p.A. assets are financed with 45.6% credit (debt) and the remaining percentage (100% - 45.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Ascopiave S.p.A.:

  • The MRQ is 0.456. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.458. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.456TTM0.458-0.003
TTM0.458YOY0.409+0.050
TTM0.4585Y0.418+0.041
5Y0.41810Y0.421-0.003
1.4.2. Debt to Equity Ratio

Measures if Ascopiave S.p.A. is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Ascopiave S.p.A. to the Utilities - Regulated Gas industry mean.
  • A Debt to Equity ratio of 86.0% means that company has €0.86 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Ascopiave S.p.A.:

  • The MRQ is 0.860. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.868. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.860TTM0.868-0.008
TTM0.868YOY0.713+0.155
TTM0.8685Y0.748+0.120
5Y0.74810Y0.753-0.005

2. Market Valuation of Ascopiave S.p.A.

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 Ascopiave S.p.A. generates.

  • Above 15 is considered overpriced but always compare Ascopiave S.p.A. to the Utilities - Regulated Gas industry mean.
  • A PE ratio of 132.70 means the investor is paying €132.70 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Ascopiave S.p.A.:

  • The EOD is 159.523. Based on the earnings, the company is expensive. -2
  • The MRQ is 132.701. Based on the earnings, the company is expensive. -2
  • The TTM is 121.549. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD159.523MRQ132.701+26.821
MRQ132.701TTM121.549+11.152
TTM121.549YOY14.339+107.211
TTM121.5495Y36.612+84.938
5Y36.61210Y36.422+0.190
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Ascopiave S.p.A.:

  • The EOD is -5.030. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -4.185. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -8.630. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-5.030MRQ-4.185-0.846
MRQ-4.185TTM-8.630+4.445
TTM-8.630YOY-3.632-4.997
TTM-8.6305Y-5.612-3.018
5Y-5.61210Y-4.692-0.920
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Ascopiave S.p.A. is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Utilities - Regulated Gas industry mean).
  • A PB ratio of 0.51 means the investor is paying €0.51 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Ascopiave S.p.A.:

  • The EOD is 0.608. Based on the equity, the company is cheap. +2
  • The MRQ is 0.506. Based on the equity, the company is cheap. +2
  • The TTM is 0.588. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.608MRQ0.506+0.102
MRQ0.506TTM0.588-0.082
TTM0.588YOY0.717-0.129
TTM0.5885Y0.999-0.411
5Y0.99910Y1.177-0.178
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Ascopiave S.p.A. 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---0.002-0.106+4367%0.104-102%0.099-102%0.140-102%
Book Value Per Share--3.9233.993-2%4.180-6%3.585+9%3.134+25%
Current Ratio--0.4300.513-16%0.507-15%0.631-32%0.733-41%
Debt To Asset Ratio--0.4560.458-1%0.409+12%0.418+9%0.421+8%
Debt To Equity Ratio--0.8600.868-1%0.713+21%0.748+15%0.753+14%
Dividend Per Share---0.097-100%0.156-100%0.130-100%0.138-100%
Eps--0.0040.011-66%0.053-93%0.347-99%0.263-99%
Free Cash Flow Per Share---0.119-0.084-29%-0.045-62%-0.029-76%-0.003-98%
Free Cash Flow To Equity Per Share--0.0250.059-58%0.044-44%0.063-61%0.062-60%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---3.161--------
Intrinsic Value_10Y_min---2.672--------
Intrinsic Value_1Y_max---0.159--------
Intrinsic Value_1Y_min---0.156--------
Intrinsic Value_3Y_max---0.599--------
Intrinsic Value_3Y_min---0.569--------
Intrinsic Value_5Y_max---1.183--------
Intrinsic Value_5Y_min---1.088--------
Market Cap516853350.000+17%429952640.000508943435.000-16%645254025.000-33%705512441.655-39%710657143.818-39%
Net Profit Margin--0.0200.118-83%0.273-93%0.867-98%0.642-97%
Operating Margin--0.1970.196+1%0.173+14%0.229-14%0.194+2%
Operating Ratio--1.1841.115+6%1.119+6%1.178+1%1.295-9%
Pb Ratio0.608+17%0.5060.588-14%0.717-29%0.999-49%1.177-57%
Pe Ratio159.523+17%132.701121.549+9%14.339+825%36.612+262%36.422+264%
Price Per Share2.385+17%1.9842.349-16%2.978-33%3.213-38%3.224-38%
Price To Free Cash Flow Ratio-5.030-20%-4.185-8.630+106%-3.632-13%-5.612+34%-4.692+12%
Price To Total Gains Ratio-1003.599-20%-834.859-176.545-79%11.416-7413%-1.458-100%63.074-1424%
Quick Ratio--0.3180.194+64%0.238+34%0.282+13%0.411-23%
Return On Assets--0.0010.003-83%0.007-92%0.026-98%0.023-98%
Return On Equity--0.0010.006-83%0.012-92%0.041-98%0.037-97%
Total Gains Per Share---0.002-0.009+265%0.261-101%0.229-101%0.278-101%
Usd Book Value--919503411.800935990683.200-2%979944210.575-6%848174004.485+8%743831623.114+24%
Usd Book Value Change Per Share---0.003-0.115+4367%0.113-102%0.107-102%0.152-102%
Usd Book Value Per Share--4.2434.319-2%4.522-6%3.878+9%3.390+25%
Usd Dividend Per Share---0.105-100%0.169-100%0.141-100%0.149-100%
Usd Eps--0.0040.012-66%0.058-93%0.375-99%0.285-99%
Usd Free Cash Flow---27785627.900-19683694.900-29%-10470585.575-62%-6769494.940-76%-601579.729-98%
Usd Free Cash Flow Per Share---0.128-0.091-29%-0.048-62%-0.031-76%-0.003-98%
Usd Free Cash Flow To Equity Per Share--0.0270.064-58%0.048-44%0.068-61%0.067-60%
Usd Market Cap559080268.695+17%465079770.688550524113.640-16%697971278.843-33%763152808.138-39%768717832.468-39%
Usd Price Per Share2.580+17%2.1462.540-16%3.221-33%3.476-38%3.487-38%
Usd Profit--876177.0005425536.775-84%11117171.750-92%35557750.570-98%29188979.121-97%
Usd Revenue--44627696.90045646658.300-2%41978884.025+6%48208664.750-7%76156277.225-41%
Usd Total Gains Per Share---0.003-0.009+265%0.282-101%0.248-101%0.301-101%
 EOD+4 -4MRQTTM+10 -25YOY+6 -295Y+6 -2910Y+7 -28

3.2. Fundamental Score

Let's check the fundamental score of Ascopiave S.p.A. based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15159.523
Price to Book Ratio (EOD)Between0-10.608
Net Profit Margin (MRQ)Greater than00.020
Operating Margin (MRQ)Greater than00.197
Quick Ratio (MRQ)Greater than10.318
Current Ratio (MRQ)Greater than10.430
Debt to Asset Ratio (MRQ)Less than10.456
Debt to Equity Ratio (MRQ)Less than10.860
Return on Equity (MRQ)Greater than0.150.001
Return on Assets (MRQ)Greater than0.050.001
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Ascopiave S.p.A. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.466
Ma 20Greater thanMa 502.372
Ma 50Greater thanMa 1002.295
Ma 100Greater thanMa 2002.264
OpenGreater thanClose2.355
Total4/5 (80.0%)



Latest Balance Sheet

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

Summary
Total Assets1,561,979
Total Liabilities711,925
Total Stockholder Equity827,554
 As reported
Total Liabilities 711,925
Total Stockholder Equity+ 827,554
Total Assets = 1,561,979

Assets

Total Assets1,561,979
Total Current Assets171,675
Long-term Assets1,360,293
Total Current Assets
Cash And Cash Equivalents 19,349
Short-term Investments 963
Net Receivables 126,165
Inventory 13,191
Other Current Assets 6,786
Total Current Assets  (as reported)171,675
Total Current Assets  (calculated)166,454
+/- 5,221
Long-term Assets
Property Plant Equipment 147,286
Goodwill 61,727
Intangible Assets 697,308
Other Assets 76,531
Long-term Assets  (as reported)1,360,293
Long-term Assets  (calculated)982,852
+/- 377,441

Liabilities & Shareholders' Equity

Total Current Liabilities399,539
Long-term Liabilities309,760
Total Stockholder Equity827,554
Total Current Liabilities
Short Long Term Debt 302,876
Accounts payable 67,753
Other Current Liabilities 14,334
Total Current Liabilities  (as reported)399,539
Total Current Liabilities  (calculated)384,963
+/- 14,576
Long-term Liabilities
Long term Debt 239,114
Capital Lease Obligations Min Short Term Debt7,617
Other Liabilities 66,224
Long-term Liabilities Other 2,001
Long-term Liabilities  (as reported)309,760
Long-term Liabilities  (calculated)314,956
+/- 5,196
Total Stockholder Equity
Common Stock234,412
Retained Earnings 245,337
Other Stockholders Equity 403,228
Total Stockholder Equity (as reported)827,554
Total Stockholder Equity (calculated)882,977
+/- 55,423
Other
Capital Stock234,412
Common Stock Shares Outstanding 216,710
Net Debt 522,641
Net Invested Capital 1,369,544
Net Tangible Assets 68,093
Net Working Capital -200,480
Property Plant and Equipment Gross 296,773



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-31
> Total Assets 
733,304
835,566
745,577
727,897
791,929
911,740
776,318
757,232
845,530
951,590
830,818
909,233
1,298,283
1,329,336
1,312,264
1,333,107
1,363,106
1,404,277
1,307,792
1,314,863
1,370,554
1,564,187
1,584,021
1,623,576
1,647,616
1,650,825
1,533,643
1,561,979
1,561,9791,533,6431,650,8251,647,6161,623,5761,584,0211,564,1871,370,5541,314,8631,307,7921,404,2771,363,1061,333,1071,312,2641,329,3361,298,283909,233830,818951,590845,530757,232776,318911,740791,929727,897745,577835,566733,304
   > Total Current Assets 
210,730
310,644
195,961
179,177
238,532
356,543
228,843
208,587
287,291
386,802
384,583
424,645
173,373
169,775
134,892
151,639
150,747
180,476
92,269
97,866
105,871
208,543
144,666
122,686
182,198
250,751
181,606
171,675
171,675181,606250,751182,198122,686144,666208,543105,87197,86692,269180,476150,747151,639134,892169,775173,373424,645384,583386,802287,291208,587228,843356,543238,532179,177195,961310,644210,730
       Cash And Cash Equivalents 
8,822
49,097
38,063
44,672
15,555
82,012
75,836
62,355
66,650
111,503
20,241
82,800
67,031
48,707
12,495
2,286
21,902
45,475
19,072
10,080
42,538
125,533
10,680
15,465
76,917
63,007
14,739
19,349
19,34914,73963,00776,91715,46510,680125,53342,53810,08019,07245,47521,9022,28612,49548,70767,03182,80020,241111,50366,65062,35575,83682,01215,55544,67238,06349,0978,822
       Short-term Investments 
0
0
0
0
0
0
776
139
0
138
1,303
305
798
702
3,403
803
798
1,007
911
913
908
812
813
815
820
812
814
963
9638148128208158138129089139111,0077988033,4037027983051,3031380139776000000
       Net Receivables 
186,181
244,226
141,003
117,134
209,370
261,963
142,085
128,684
211,100
145,309
13,351
6,181
92,458
103,734
89,801
110,097
109,615
111,813
56,244
59,600
48,376
63,177
79,787
75,124
9,104
155,525
30,195
126,165
126,16530,195155,5259,10475,12479,78763,17748,37659,60056,244111,813109,615110,09789,801103,73492,4586,18113,351145,309211,100128,684142,085261,963209,370117,134141,003244,226186,181
       Inventory 
4,311
2,280
3,970
5,410
4,072
2,774
6,351
8,244
6,020
4,313
4,849
7,123
8,132
12,263
22,606
32,388
14,912
15,035
9,390
14,923
8,176
8,685
8,569
14,620
7,336
15,299
10,109
13,191
13,19110,10915,2997,33614,6208,5698,6858,17614,9239,39015,03514,91232,38822,60612,2638,1327,1234,8494,3136,0208,2446,3512,7744,0725,4103,9702,2804,311
       Other Current Assets 
11,141
14,220
10,233
10,577
9,100
8,672
2,120
7,997
2,892
7,909
275,932
261,990
4,267
3,576
4,751
4,931
3,197
7,238
5,920
11,862
5,516
5,987
39,728
9,371
182,198
4,582
96,132
6,786
6,78696,1324,582182,1989,37139,7285,9875,51611,8625,9207,2383,1974,9314,7513,5764,267261,990275,9327,9092,8927,9972,1208,6729,10010,57710,23314,22011,141
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
564,787
446,234
484,589
1,124,910
1,159,561
1,177,372
1,181,467
1,212,359
1,223,800
1,215,523
1,216,997
1,264,683
1,355,644
1,439,354
1,465,492
1,381,206
1,400,074
1,352,036
1,360,293
1,360,2931,352,0361,400,0741,381,2061,465,4921,439,3541,355,6441,264,6831,216,9971,215,5231,223,8001,212,3591,181,4671,177,3721,159,5611,124,910484,589446,234564,787000000000
       Property Plant Equipment 
32,364
32,163
33,867
33,411
32,334
32,023
31,656
31,732
32,724
34,882
33,254
35,084
34,694
34,426
34,403
33,951
33,443
33,098
34,552
34,036
58,012
119,658
119,928
120,445
138,432
149,079
143,116
147,286
147,286143,116149,079138,432120,445119,928119,65858,01234,03634,55233,09833,44333,95134,40334,42634,69435,08433,25434,88232,72431,73231,65632,02332,33433,41133,86732,16332,364
       Goodwill 
80,758
80,758
80,758
80,758
80,758
80,758
80,758
80,758
80,758
80,758
24,396
33,764
47,914
47,914
49,272
49,272
49,272
49,272
49,272
49,272
49,272
56,050
77,516
76,684
61,346
75,335
61,346
61,727
61,72761,34675,33561,34676,68477,51656,05049,27249,27249,27249,27249,27249,27249,27247,91447,91433,76424,39680,75880,75880,75880,75880,75880,75880,75880,75880,75880,758
       Long Term Investments 
68,738
72,150
66,048
66,402
68,878
71,423
65,306
65,252
68,357
71,438
19,958
2
449,945
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000449,945219,95871,43868,35765,25265,30671,42368,87866,40266,04872,15068,738
       Intangible Assets 
316,905
316,412
344,874
343,979
346,934
346,485
345,172
346,625
351,878
353,020
351,607
397,517
567,194
566,730
566,885
568,716
577,412
579,860
582,313
585,023
597,579
602,963
667,903
672,000
697,972
700,966
693,498
697,308
697,308693,498700,966697,972672,000667,903602,963597,579585,023582,313579,860577,412568,716566,885566,730567,194397,517351,607353,020351,878346,625345,172346,485346,934343,979344,874316,412316,905
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
1
2
-1
-1
1,159,561
0
4,153
-1
1
0
1
428
428
426
428
424
432
427
426
426427432424428426428428101-14,15301,159,561-1-121000000000
> Total Liabilities 
289,095
366,373
314,666
293,902
341,429
437,886
340,370
323,867
397,660
482,142
432,719
487,912
424,791
449,414
471,722
486,103
509,203
536,603
461,318
463,274
502,049
669,643
665,431
681,496
761,213
776,667
683,074
711,925
711,925683,074776,667761,213681,496665,431669,643502,049463,274461,318536,603509,203486,103471,722449,414424,791487,912432,719482,142397,660323,867340,370437,886341,429293,902314,666366,373289,095
   > Total Current Liabilities 
206,045
285,953
234,804
188,790
237,382
329,235
233,161
218,057
291,305
377,933
345,705
378,451
236,417
270,161
278,929
303,512
265,570
302,425
239,217
249,991
261,343
310,806
282,209
278,080
305,569
453,707
382,232
399,539
399,539382,232453,707305,569278,080282,209310,806261,343249,991239,217302,425265,570303,512278,929270,161236,417378,451345,705377,933291,305218,057233,161329,235237,382188,790234,804285,953206,045
       Short-term Debt 
102,940
104,833
105,633
13,039
10,181
10,923
8,069
8,073
8,014
123,110
107,084
170,770
136,803
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000136,803170,770107,084123,1108,0148,0738,06910,92310,18113,039105,633104,833102,940
       Short Long Term Debt 
102,940
104,833
105,633
13,039
10,181
10,923
8,069
8,073
8,014
123,110
107,084
170,770
136,803
143,485
175,954
192,749
165,747
157,732
163,083
180,386
199,631
225,497
189,839
195,258
183,285
243,260
282,481
302,876
302,876282,481243,260183,285195,258189,839225,497199,631180,386163,083157,732165,747192,749175,954143,485136,803170,770107,084123,1108,0148,0738,06910,92310,18113,039105,633104,833102,940
       Accounts payable 
103,052
103,609
75,480
62,210
117,653
125,409
76,748
79,050
131,185
136,476
39,795
41,893
52,082
60,533
77,052
92,777
66,774
72,443
42,498
44,009
34,401
35,179
38,277
44,672
180,195
167,376
66,939
67,753
67,75366,939167,376180,19544,67238,27735,17934,40144,00942,49872,44366,77492,77777,05260,53352,08241,89339,795136,476131,18579,05076,748125,409117,65362,21075,480103,609103,052
       Other Current Liabilities 
24,774
56,725
45,742
27,140
21,761
62,496
40,007
19,544
13,731
320
13,681
10,528
20,008
52,660
16,209
10,005
24,204
9,773
5,259
6,948
16,737
6,382
18,815
26,977
199,201
31,490
26,992
14,334
14,33426,99231,490199,20126,97718,8156,38216,7376,9485,2599,77324,20410,00516,20952,66020,00810,52813,68132013,73119,54440,00762,49621,76127,14045,74256,72524,774
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
104,209
87,014
109,461
188,374
179,254
192,794
182,591
243,632
234,179
222,102
213,285
240,708
358,837
383,221
403,418
343,014
322,960
300,842
309,760
309,760300,842322,960343,014403,418383,221358,837240,708213,285222,102234,179243,632182,591192,794179,254188,374109,46187,014104,209000000000
       Capital Lease Obligations 
0
0
0
0
0
0
0
0
0
2,351
1,029
987
708
638
1,113
0
943
887
2,673
2,537
7,737
7,479
7,394
8,578
8,255
8,338
7,922
7,617
7,6177,9228,3388,2558,5787,3947,4797,7372,5372,67388794301,1136387089871,0292,351000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
11,183
393
426
402
622
783
26,347
822
1,074
1,125
1,574
1,668
1,509
35,155
1,607
1,598
1,576
1,668
2,001
2,0011,6681,5761,5981,60735,1551,5091,6681,5741,1251,07482226,34778362240242639311,183000000000
> Total Stockholder Equity
438,055
461,666
426,303
429,756
445,511
467,462
431,832
429,548
443,567
463,995
393,700
416,865
873,492
879,922
840,542
847,004
853,903
867,674
846,474
851,589
868,544
885,140
875,893
900,312
866,280
855,130
828,104
827,554
827,554828,104855,130866,280900,312875,893885,140868,544851,589846,474867,674853,903847,004840,542879,922873,492416,865393,700463,995443,567429,548431,832467,462445,511429,756426,303461,666438,055
   Common Stock
234,412
234,412
234,412
234,412
234,412
234,412
234,412
234,412
234,412
234,412
234,412
234,412
234,412
234,412
234,412
234,412
234,412
234,412
234,412
234,412
234,412
234,412
234,412
234,412
866,282
0
234,412
234,412
234,412234,4120866,282234,412234,412234,412234,412234,412234,412234,412234,412234,412234,412234,412234,412234,412234,412234,412234,412234,412234,412234,412234,412234,412234,412234,412234,412
   Retained Earnings 
221,272
244,884
209,284
212,972
228,666
250,618
214,394
212,071
226,171
246,600
183,163
203,341
666,389
678,833
639,981
647,078
675,646
689,417
234,572
237,433
253,043
265,229
240,562
225,273
32,664
238,277
244,527
245,337
245,337244,527238,27732,664225,273240,562265,229253,043237,433234,572689,417675,646647,078639,981678,833666,389203,341183,163246,600226,171212,071214,394250,618228,666212,972209,284244,884221,272
   Capital Surplus 0000000000000000000000000000
   Treasury Stock0000000000000000000000000000
   Other Stockholders Equity 
-108
-108
128
-107
-46
-47
7
46
-35
-36
272
-27
-535
-52
-190
335
-527
-527
432,913
435,167
436,512
440,922
456,342
496,050
0
437,864
0
403,228
403,2280437,8640496,050456,342440,922436,512435,167432,913-527-527335-190-52-535-27272-36-35467-47-46-107128-108-108



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.




Income Statement

Currency in EUR. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue168,796
Cost of Revenue-52,643
Gross Profit116,153116,153
 
Operating Income (+$)
Gross Profit116,153
Operating Expense-135,374
Operating Income33,422-19,221
 
Operating Expense (+$)
Research Development-
Selling General Administrative-
Selling And Marketing Expenses-
Operating Expense135,3740
 
Net Interest Income (+$)
Interest Income1,617
Interest Expense-10,968
Other Finance Cost-1,502
Net Interest Income-10,853
 
Pretax Income (+$)
Operating Income33,422
Net Interest Income-10,853
Other Non-Operating Income Expenses-
Income Before Tax (EBT)23,20333,422
EBIT - interestExpense = -10,968
20,063
31,031
Interest Expense10,968
Earnings Before Interest and Taxes (EBIT)-34,171
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax23,203
Tax Provision-2,284
Net Income From Continuing Ops20,91920,919
Net Income20,063
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-10,853
 

Technical Analysis of Ascopiave S.p.A.
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 Ascopiave S.p.A.. The general trend of Ascopiave S.p.A. is BULLISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Ascopiave S.p.A.'s overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitionsBullish trend (85.7%) Bearish trend (-85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of Ascopiave S.p.A..

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: 2.44 < 2.535 < 2.535.

The bearish price targets are: 2.355 > 2.35 > 2.33.

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Ascopiave S.p.A. 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 Ascopiave S.p.A.. The current mas is .

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

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

Directionalities and relatives.

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

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

Ascopiave S.p.A. 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 Ascopiave S.p.A.. The current macd is 0.01782618.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Ascopiave S.p.A. price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Ascopiave S.p.A.. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Ascopiave S.p.A. price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Ascopiave S.p.A. Daily Moving Average Convergence/Divergence (MACD) ChartAscopiave S.p.A. 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 Ascopiave S.p.A.. The current adx is 29.83.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-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 Ascopiave S.p.A. shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Ascopiave S.p.A. 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 Ascopiave S.p.A.. The current sar is 2.49619906.

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
Ascopiave S.p.A. 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 Ascopiave S.p.A.. The current rsi is 55.47. The current phase is Continuation in bull market.

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

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Ascopiave S.p.A. Daily Relative Strength Index (RSI) ChartAscopiave S.p.A. 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 Ascopiave S.p.A.. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 2/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %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 Ascopiave S.p.A. price going up in the near term. +2
  • Trending down: The STOCH %K is trending down. -1
Ascopiave S.p.A. Daily Stochastic Oscillator ChartAscopiave S.p.A. 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 Ascopiave S.p.A.. The current cci is 26.81.

Ascopiave S.p.A. Daily Commodity Channel Index (CCI) ChartAscopiave S.p.A. 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 Ascopiave S.p.A.. The current cmo is 11.20.

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

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Ascopiave S.p.A. Daily Chande Momentum Oscillator (CMO) ChartAscopiave S.p.A. 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 Ascopiave S.p.A.. The current willr is -63.82978723.

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 Ascopiave S.p.A. is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Ascopiave S.p.A. Daily Williams %R ChartAscopiave S.p.A. 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 Ascopiave S.p.A..

Ascopiave S.p.A. 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 Ascopiave S.p.A.. The current atr is 0.05879173.

Ascopiave S.p.A. Daily Average True Range (ATR) ChartAscopiave S.p.A. 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 Ascopiave S.p.A.. The current obv is -3,175,726.

Ascopiave S.p.A. Daily On-Balance Volume (OBV) ChartAscopiave S.p.A. 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 Ascopiave S.p.A.. The current mfi is 52.12.

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
Ascopiave S.p.A. Daily Money Flow Index (MFI) ChartAscopiave S.p.A. Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Ascopiave S.p.A..

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

6.3. Candlestick Patterns

Ascopiave S.p.A. Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Ascopiave S.p.A. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.466
Ma 20Greater thanMa 502.372
Ma 50Greater thanMa 1002.295
Ma 100Greater thanMa 2002.264
OpenGreater thanClose2.355
Total4/5 (80.0%)
Penke

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