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Covivio SA
Buy, Hold or Sell?

Let's analyse Covivio together

PenkeI guess you are interested in Covivio SA. 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 Covivio SA. 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 Covivio (30 sec.)










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

How much money do you get?

How much money do you get?
€0.00
When do you have the money?
1 year
How often do you get paid?
90.0%

What is your share worth?

Current worth
€93.81
Expected worth in 1 year
€-90.91
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
€-184.72
Return On Investment
-397.4%

For what price can you sell your share?

Current Price per Share
€46.48
Expected price per share
€39.54 - €51.80
How sure are you?
50%

1. Valuation of Covivio (5 min.)




Live pricePrice per Share (EOD)

€46.48

Intrinsic Value Per Share

€-3.42 - €46.18

Total Value Per Share

€90.39 - €139.99

2. Growth of Covivio (5 min.)




Is Covivio growing?

Current yearPrevious yearGrowGrow %
How rich?$10.2b$15.2b-$5b-49.2%

How much money is Covivio making?

Current yearPrevious yearGrowGrow %
Making money-$1.5b$671.4m-$2.2b-143.7%
Net Profit Margin-147.3%51.5%--

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

3. Financial Health of Covivio (5 min.)




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

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

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

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

Speculation

The Price per Share of Covivio is €46.48. 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 Covivio.
  • 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 Covivio, 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 €93.81. Based on the TTM, the Book Value Change Per Share is €-46.18 per quarter. Based on the YOY, the Book Value Change Per Share is €4.66 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Covivio.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps-15.25-32.8%-15.25-32.8%6.6714.4%2.655.7%4.609.9%
Usd Book Value Change Per Share-49.95-107.5%-49.95-107.5%5.0410.8%-4.12-8.9%2.395.2%
Usd Dividend Per Share0.000.0%0.000.0%3.808.2%1.793.9%2.495.3%
Usd Total Gains Per Share-49.95-107.5%-49.95-107.5%8.8419.0%-2.33-5.0%4.8810.5%
Usd Price Per Share52.66-52.66-59.98-76.34-83.81-
Price to Earnings Ratio-3.45--3.45-8.99-9.63-16.35-
Price-to-Total Gains Ratio-1.05--1.05-6.79-9.44-10.00-
Price to Book Ratio0.52-0.52-0.40-0.58-0.77-
Price-to-Total Gains Ratio-1.05--1.05-6.79-9.44-10.00-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share50.277416
Number of shares19
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.001.79
Usd Book Value Change Per Share-49.95-4.12
Usd Total Gains Per Share-49.95-2.33
Gains per Quarter (19 shares)-949.12-44.18
Gains per Year (19 shares)-3,796.48-176.74
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-3796-3806136-313-187
20-7593-7602272-626-364
30-11389-11398408-939-541
40-15186-15194545-1251-718
50-18982-18990681-1564-895
60-22779-22786817-1877-1072
70-26575-26582953-2190-1249
80-30372-303781089-2503-1426
90-34168-341741225-2816-1603
100-37965-379701361-3129-1780

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%9.01.00.090.0%16.04.00.080.0%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%9.01.00.090.0%17.03.00.085.0%
Dividend per Share0.00.01.00.0%2.00.01.066.7%4.00.01.080.0%9.00.01.090.0%19.00.01.095.0%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%9.01.00.090.0%17.03.00.085.0%

Fundamentals of Covivio

About Covivio SA

Thanks to its partnering history, its real estate expertise and its European culture, Covivio is inventing today's user experience and designing tomorrow's city. A preferred real estate player at the European level, Covivio is close to its end users, capturing their aspirations, combining work, travel, living, and co-inventing vibrant spaces. A benchmark in the European real estate market with "23.1 bn in assets, Covivio offers support to companies, hotel brands and territories in their pursuit for attractiveness, transformation and responsible performance. Build sustainable relationships and well-being, is the Covivio's Purpose who expresses its role as a responsible real estate operator to all its stakeholders: customers, shareholders and financial partners, internal teams, local authorities but also to future generations and the planet. Furthermore, its living, dynamic approach opens up exciting project and career prospects for its teams. Covivio's shares are listed in the Euronext Paris A compartment (FR0000064578 - COV), are admitted to trading on the SRD, and are included in the composition of the MSCI, SBF 120, Euronext IEIF "SIIC France" and CAC Mid100 indices, in the "EPRA" and "GPR 250" benchmark European real estate indices, and in the ESG FTSE4 Good, CAC SBT 1.5°C, DJSI World & Europe, Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20), Euronext CDP Environment France EW, ISS ESG, Ethibel and Gaïa ethical indices and also holds the following awards and ratings: CDP (A), GRESB (90/100, 5-Star, 100% public disclosure), Vigeo-Eiris (A1+), ISS-ESG (B-) and MSCI (AAA).

Fundamental data was last updated by Penke on 2024-03-18 22:48:05.

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 efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is 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 fair priced.

1.1. Profitability of Covivio SA.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Covivio to the REIT - Diversified industry mean.
  • A Net Profit Margin of -147.3% means that €-1.47 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Covivio SA:

  • The MRQ is -147.3%. The company is making a huge loss. -2
  • The TTM is -147.3%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-147.3%TTM-147.3%0.0%
TTM-147.3%YOY51.5%-198.8%
TTM-147.3%5Y31.5%-178.8%
5Y31.5%10Y49.0%-17.5%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Covivio to the REIT - Diversified industry mean.
  • -7.4% Return on Assets means that Covivio generated €-0.07 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Covivio SA:

  • The MRQ is -7.4%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -7.4%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-7.4%TTM-7.4%0.0%
TTM-7.4%YOY2.2%-9.7%
TTM-7.4%5Y0.9%-8.3%
5Y0.9%10Y1.9%-1.0%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Covivio to the REIT - Diversified industry mean.
  • -17.8% Return on Equity means Covivio generated €-0.18 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Covivio SA:

  • The MRQ is -17.8%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -17.8%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-17.8%TTM-17.8%0.0%
TTM-17.8%YOY6.6%-24.4%
TTM-17.8%5Y3.6%-21.5%
5Y3.6%10Y7.0%-3.4%

1.2. Operating Efficiency of Covivio SA.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Covivio is operating .

  • Measures how much profit Covivio 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 Covivio to the REIT - Diversified industry mean.
  • An Operating Margin of 82.6% means the company generated €0.83  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Covivio SA:

  • The MRQ is 82.6%. The company is operating very efficient. +2
  • The TTM is 82.6%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ82.6%TTM82.6%0.0%
TTM82.6%YOY63.9%+18.6%
TTM82.6%5Y91.6%-9.1%
5Y91.6%10Y95.2%-3.6%
1.2.2. Operating Ratio

Measures how efficient Covivio is keeping operating costs low.

  • Below 1 is considered healthy (always compare to REIT - Diversified industry mean).
  • An Operation Ratio of 0.17 means that the operating costs are €0.17 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Covivio SA:

  • The MRQ is 0.174. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.174. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.174TTM0.1740.000
TTM0.174YOY0.361-0.186
TTM0.1745Y0.292-0.118
5Y0.29210Y0.259+0.033

1.3. Liquidity of Covivio SA.

1.3. Liquidity
1.3.1. Current Ratio

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

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

Let's take a look of the Current Ratio trends of Covivio SA:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY0.892-0.892
TTM-5Y0.754-0.754
5Y0.75410Y0.966-0.212
1.3.2. Quick Ratio

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

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

Let's take a look of the Quick Ratio trends of Covivio SA:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY0.166-0.166
TTM-5Y-1.140+1.140
5Y-1.14010Y-0.275-0.865

1.4. Solvency of Covivio SA.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Covivio to REIT - Diversified industry mean.
  • A Debt to Asset Ratio of 0.51 means that Covivio assets are financed with 50.6% credit (debt) and the remaining percentage (100% - 50.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Covivio SA:

  • The MRQ is 0.506. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.506. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.506TTM0.5060.000
TTM0.506YOY0.492+0.014
TTM0.5065Y0.516-0.010
5Y0.51610Y0.538-0.023
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Covivio to the REIT - Diversified industry mean.
  • A Debt to Equity ratio of 121.6% means that company has €1.22 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Covivio SA:

  • The MRQ is 1.216. The company is able to pay all its debts with equity. +1
  • The TTM is 1.216. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.216TTM1.2160.000
TTM1.216YOY1.444-0.229
TTM1.2165Y1.520-0.305
5Y1.52010Y1.808-0.288

2. Market Valuation of Covivio SA

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 Covivio generates.

  • Above 15 is considered overpriced but always compare Covivio to the REIT - Diversified industry mean.
  • A PE ratio of -3.45 means the investor is paying €-3.45 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Covivio SA:

  • The EOD is -3.298. Based on the earnings, the company is expensive. -2
  • The MRQ is -3.454. Based on the earnings, the company is expensive. -2
  • The TTM is -3.454. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-3.298MRQ-3.454+0.156
MRQ-3.454TTM-3.4540.000
TTM-3.454YOY8.992-12.446
TTM-3.4545Y9.625-13.079
5Y9.62510Y16.348-6.723
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 31.784. Based on how much money comes from the company's main activities, the company is fair priced.
  • The MRQ is 33.289. Based on how much money comes from the company's main activities, the company is fair priced.
  • The TTM is 33.289. Based on how much money comes from the company's main activities, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD31.784MRQ33.289-1.504
MRQ33.289TTM33.2890.000
TTM33.289YOY42.860-9.572
TTM33.2895Y-140.008+173.297
5Y-140.00810Y-78.301-61.707
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to REIT - Diversified industry mean).
  • A PB ratio of 0.52 means the investor is paying €0.52 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Covivio SA:

  • The EOD is 0.495. Based on the equity, the company is cheap. +2
  • The MRQ is 0.519. Based on the equity, the company is cheap. +2
  • The TTM is 0.519. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.495MRQ0.519-0.023
MRQ0.519TTM0.5190.000
TTM0.519YOY0.396+0.123
TTM0.5195Y0.575-0.056
5Y0.57510Y0.769-0.194
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Covivio SA 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---46.181-46.1810%4.658-1091%-3.806-92%2.213-2187%
Book Value Per Share--93.81293.8120%139.993-33%123.354-24%106.404-12%
Current Ratio----0%0.892-100%0.754-100%0.966-100%
Debt To Asset Ratio--0.5060.5060%0.492+3%0.516-2%0.538-6%
Debt To Equity Ratio--1.2161.2160%1.444-16%1.520-20%1.808-33%
Dividend Per Share----0%3.510-100%1.656-100%2.299-100%
Eps---14.095-14.0950%6.166-329%2.448-676%4.251-432%
Free Cash Flow Per Share--1.4621.4620%1.294+13%0.471+210%0.033+4361%
Free Cash Flow To Equity Per Share--1.4621.4620%-15.156+1136%-6.164+521%-5.601+483%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--46.179--------
Intrinsic Value_10Y_min---3.421--------
Intrinsic Value_1Y_max--1.699--------
Intrinsic Value_1Y_min---0.063--------
Intrinsic Value_3Y_max--7.337--------
Intrinsic Value_3Y_min---0.432--------
Intrinsic Value_5Y_max--15.665--------
Intrinsic Value_5Y_min---1.066--------
Market Cap4678630320.000-5%4900080120.0004900080120.0000%5581541550.000-12%7104109584.000-31%7799006977.320-37%
Net Profit Margin---1.473-1.4730%0.515-386%0.315-568%0.490-401%
Operating Margin--0.8260.8260%0.639+29%0.916-10%0.952-13%
Operating Ratio--0.1740.1740%0.361-52%0.292-40%0.259-33%
Pb Ratio0.495-5%0.5190.5190%0.396+31%0.575-10%0.769-33%
Pe Ratio-3.298+5%-3.454-3.4540%8.992-138%9.625-136%16.348-121%
Price Per Share46.480-5%48.68048.6800%55.450-12%70.576-31%77.479-37%
Price To Free Cash Flow Ratio31.784-5%33.28933.2890%42.860-22%-140.008+521%-78.301+335%
Price To Total Gains Ratio-1.006+5%-1.054-1.0540%6.788-116%9.444-111%9.996-111%
Quick Ratio----0%0.166-100%-1.1400%-0.2750%
Return On Assets---0.074-0.0740%0.022-432%0.009-964%0.019-494%
Return On Equity---0.178-0.1780%0.066-371%0.036-590%0.070-353%
Total Gains Per Share---46.181-46.1810%8.168-665%-2.150-95%4.512-1124%
Usd Book Value--10214493100.00010214493100.0000%15242785285.300-33%13431176408.320-24%11585611670.300-12%
Usd Book Value Change Per Share---49.954-49.9540%5.039-1091%-4.117-92%2.394-2187%
Usd Book Value Per Share--101.476101.4760%151.430-33%133.432-24%115.098-12%
Usd Dividend Per Share----0%3.797-100%1.791-100%2.486-100%
Usd Eps---15.247-15.2470%6.670-329%2.648-676%4.598-432%
Usd Free Cash Flow--159226240.000159226240.0000%140866545.900+13%51301136.880+210%3569501.830+4361%
Usd Free Cash Flow Per Share--1.5821.5820%1.399+13%0.510+210%0.035+4361%
Usd Free Cash Flow To Equity Per Share--1.5821.5820%-16.394+1136%-6.667+521%-6.059+483%
Usd Market Cap5060874417.144-5%5300416665.8045300416665.8040%6037553494.635-12%7684515337.013-31%8436185847.367-37%
Usd Price Per Share50.277-5%52.65752.6570%59.980-12%76.342-31%83.810-37%
Usd Profit---1534715960.000-1534715960.0000%671411190.000-329%377962854.520-506%518511705.130-396%
Usd Revenue--1042001610.0001042001610.0000%1303080722.000-20%1130089416.820-8%1055762672.890-1%
Usd Total Gains Per Share---49.954-49.9540%8.836-665%-2.326-95%4.881-1124%
 EOD+4 -4MRQTTM+0 -0YOY+11 -245Y+11 -2310Y+11 -23

3.2. Fundamental Score

Let's check the fundamental score of Covivio SA based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-3.298
Price to Book Ratio (EOD)Between0-10.495
Net Profit Margin (MRQ)Greater than0-1.473
Operating Margin (MRQ)Greater than00.826
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.506
Debt to Equity Ratio (MRQ)Less than11.216
Return on Equity (MRQ)Greater than0.15-0.178
Return on Assets (MRQ)Greater than0.05-0.074
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Covivio SA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5067.674
Ma 20Greater thanMa 5043.079
Ma 50Greater thanMa 10043.224
Ma 100Greater thanMa 20044.599
OpenGreater thanClose45.660
Total2/5 (40.0%)



Reversals in quarterly reports

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

 2019-12-312020-12-312021-12-312022-12-312023-12-31
Other Assets  343,908172,731516,639-179,817336,822581,501918,323-6,151,323-5,233,000
Income before Tax  1,399,450-946,288453,162982,5131,435,675-200,8461,234,829-3,310,529-2,075,700
Net Income  1,261,815-902,048359,767563,829923,596-302,896620,700-2,039,500-1,418,800
Tax Provision  137,635-76,53861,097107,921169,018-31,089137,929-345,229-207,300
Income Tax Expense  137,635-76,53961,096107,922169,018-31,089137,929-345,229-207,300
Total Operating Expenses  94,40949,592144,001-10,965133,036-6,199126,837-151,837-25,000
Net Income from Continuing Operations  1,261,815-869,560392,255901,7721,294,027-146,1261,147,901-3,050,801-1,902,900



Latest Balance Sheet

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

Summary
Total Assets19,116,000
Total Liabilities9,673,000
Total Stockholder Equity7,957,000
 As reported
Total Liabilities 9,673,000
Total Stockholder Equity+ 7,957,000
Total Assets = 19,116,000

Assets

Total Assets19,116,000
Total Current Assets1,536,000
Long-term Assets22,813,000
Total Current Assets
Cash And Cash Equivalents 343,000
Net Receivables 190,000
Inventory 190,000
Total Current Assets  (as reported)1,536,000
Total Current Assets  (calculated)723,000
+/- 813,000
Long-term Assets
Property Plant Equipment 985,000
Long-term Assets Other 728,000
Long-term Assets  (as reported)22,813,000
Long-term Assets  (calculated)1,713,000
+/- 21,100,000

Liabilities & Shareholders' Equity

Total Current Liabilities0
Long-term Liabilities9,673,000
Total Stockholder Equity7,957,000
Total Current Liabilities
Total Current Liabilities  (as reported)0
Total Current Liabilities  (calculated)0
+/-0
Long-term Liabilities
Long term Debt 10,707,000
Long-term Liabilities  (as reported)9,673,000
Long-term Liabilities  (calculated)10,707,000
+/- 1,034,000
Total Stockholder Equity
Common Stock7,957,000
Total Stockholder Equity (as reported)7,957,000
Total Stockholder Equity (calculated)7,957,000
+/-0
Other
Cash and Short Term Investments 343,000
Common Stock Shares Outstanding 100,659
Liabilities and Stockholders Equity 19,116,000
Net Debt 7,581,000
Net Invested Capital 18,664,000
Short Long Term Debt Total 7,924,000



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-31
> Total Assets 
1,729,350
5,661,150
10,682,589
18,973,573
17,446,752
13,952,606
14,701,261
14,641,934
14,116,756
17,180,702
17,565,660
18,812,868
19,500,429
21,732,988
24,384,202
25,719,762
27,455,043
28,303,825
27,731,852
19,116,000
19,116,00027,731,85228,303,82527,455,04325,719,76224,384,20221,732,98819,500,42918,812,86817,565,66017,180,70214,116,75614,641,93414,701,26113,952,60617,446,75218,973,57310,682,5895,661,1501,729,350
   > Total Current Assets 
127,820
556,368
514,751
975,803
736,305
665,008
1,869,196
2,023,804
1,605,746
2,178,690
2,376,427
2,518,720
1,924,665
2,324,727
2,331,677
2,478,992
2,331,454
2,925,069
1,713,316
1,536,000
1,536,0001,713,3162,925,0692,331,4542,478,9922,331,6772,324,7271,924,6652,518,7202,376,4272,178,6901,605,7462,023,8041,869,196665,008736,305975,803514,751556,368127,820
       Cash And Cash Equivalents 
44,264
350,179
174,563
300,501
199,460
191,591
414,747
221,886
100,819
381,541
1,026,507
949,684
1,082,793
1,296,636
1,172,450
1,302,084
1,246,147
1,062,993
461,541
343,000
343,000461,5411,062,9931,246,1471,302,0841,172,4501,296,6361,082,793949,6841,026,507381,541100,819221,886414,747191,591199,460300,501174,563350,17944,264
       Short-term Investments 
0
0
0
0
0
0
0
4,365
0
0
0
0
875,790
732,582
0
-21,136,448
-221,153
-73,174
-814,525
0
0-814,525-73,174-221,153-21,136,4480732,582875,79000004,3650000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
398,211
334,652
411,386
435,043
481,976
588,993
615,501
843,082
671,390
190,000
190,000671,390843,082615,501588,993481,976435,043411,386334,652398,2110000000000
       Inventory 
43,564
33,737
21,580
207,383
135,517
117,307
98,628
93,119
91,382
80,033
72,928
42,663
34,683
43,237
95,811
232,548
584,722
1,113,711
523,432
190,000
190,000523,4321,113,711584,722232,54895,81143,23734,68342,66372,92880,03391,38293,11998,628117,307135,517207,38321,58033,73743,564
   > Long-term Assets 
1,601,530
5,104,782
10,167,838
17,997,770
16,710,447
13,287,598
12,832,065
12,618,130
12,511,010
15,002,012
15,189,233
16,294,148
17,575,764
19,408,261
22,052,525
23,240,770
24,606,950
25,041,934
25,100,213
22,813,000
22,813,00025,100,21325,041,93424,606,95023,240,77022,052,52519,408,26117,575,76416,294,14815,189,23315,002,01212,511,01012,618,13012,832,06513,287,59816,710,44717,997,77010,167,8385,104,7821,601,530
       Property Plant Equipment 
133,181
168,318
363,417
1,165,677
1,052,388
158,431
157,219
127,750
99,210
108,172
14,614,927
15,817,280
16,913,986
203,781
1,241,675
1,489,442
1,441,989
1,392,675
1,580,335
985,000
985,0001,580,3351,392,6751,441,9891,489,4421,241,675203,78116,913,98615,817,28014,614,927108,17299,210127,750157,219158,4311,052,3881,165,677363,417168,318133,181
       Goodwill 
0
0
0
0
0
0
0
8,194
8,194
8,194
8,194
8,194
1,572
1,572
113,064
143,286
135,092
117,205
120,102
0
0120,102117,205135,092143,286113,0641,5721,5728,1948,1948,1948,1948,1940000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
248,139
223,924
389,546
412,552
278,034
391,381
0
0
0
0
0000391,381278,034412,552389,546223,924248,1390000000000
       Intangible Assets 
0
0
0
35,547
140,746
156,357
164,982
152,261
146,663
145,974
136,701
29,712
24,410
24,592
59,138
23,471
160,206
131,910
137,296
0
0137,296131,910160,20623,47159,13824,59224,41029,712136,701145,974146,663152,261164,982156,357140,74635,547000
       Long-term Assets Other 
1,464,226
4,829,575
9,536,077
16,391,998
15,216,567
12,309,191
11,924,093
11,759,809
11,572,052
14,464,859
14,759,356
15,968,663
17,042,859
19,172,377
20,570,683
1
22,093,342
22,801,529
21,873,838
728,000
728,00021,873,83822,801,52922,093,342120,570,68319,172,37717,042,85915,968,66314,759,35614,464,85911,572,05211,759,80911,924,09312,309,19115,216,56716,391,9989,536,0774,829,5751,464,226
> Total Liabilities 
1,008,472
3,339,917
6,623,927
11,811,005
11,649,875
9,145,159
8,673,576
8,601,953
8,055,110
9,965,531
10,265,975
11,084,661
11,032,453
11,565,329
13,025,787
13,361,419
14,886,885
14,681,187
13,640,343
9,673,000
9,673,00013,640,34314,681,18714,886,88513,361,41913,025,78711,565,32911,032,45311,084,66110,265,9759,965,5318,055,1108,601,9538,673,5769,145,15911,649,87511,811,0056,623,9273,339,9171,008,472
   > Total Current Liabilities 
226,876
733,272
1,431,471
1,858,190
1,156,331
1,089,773
1,058,208
1,239,427
1,269,387
1,596,831
1,725,580
1,752,522
1,818,656
2,094,981
2,575,486
2,687,622
2,552,705
2,810,130
1,921,151
0
01,921,1512,810,1302,552,7052,687,6222,575,4862,094,9811,818,6561,752,5221,725,5801,596,8311,269,3871,239,4271,058,2081,089,7731,156,3311,858,1901,431,471733,272226,876
       Short-term Debt 
0
0
0
0
0
0
0
4,365
0
0
1,302,344
1,166,541
1,353,105
1,524,243
1,843,480
1,829,543
1,853,008
1,786,256
1,241,687
0
01,241,6871,786,2561,853,0081,829,5431,843,4801,524,2431,353,1051,166,5411,302,344004,3650000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
1,302,344
1,166,541
1,353,105
1,524,243
1,843,104
1,815,746
1,837,014
1,775,597
1,232,805
0
01,232,8051,775,5971,837,0141,815,7461,843,1041,524,2431,353,1051,166,5411,302,3440000000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
86,827
111,103
114,100
167,624
213,179
140,670
127,197
149,299
146,847
0
0146,847149,299127,197140,670213,179167,624114,100111,10386,8270000000000
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
0
267,872
384,170
247,231
403,114
430,081
281,246
341,226
579,497
316,113
0
0316,113579,497341,226281,246430,081403,114247,231384,170267,8720000000000
   > Long-term Liabilities 
781,596
2,606,645
5,192,456
9,952,815
10,493,544
8,055,386
7,615,368
7,362,526
6,785,723
8,368,700
8,540,395
9,332,139
9,213,797
9,470,348
10,450,301
10,673,797
10,808,139
10,195,574
9,956,274
9,673,000
9,673,0009,956,27410,195,57410,808,13910,673,79710,450,3019,470,3489,213,7979,332,1398,540,3958,368,7006,785,7237,362,5267,615,3688,055,38610,493,5449,952,8155,192,4562,606,645781,596
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
311,895
409,672
468,584
612,600
914,451
1,059,362
1,157,954
2,578,000
2,302,000
0
02,302,0002,578,0001,157,9541,059,362914,451612,600468,584409,672311,8950000000000
> Total Stockholder Equity
0
0
0
0
0
0
0
0
0
0
4,158,007
4,639,323
5,302,372
6,363,307
7,561,446
8,297,645
8,582,202
9,193,810
9,443,010
7,957,000
7,957,0009,443,0109,193,8108,582,2028,297,6457,561,4466,363,3075,302,3724,639,3234,158,0070000000000
   Common Stock
0
0
0
0
0
0
0
0
0
0
188,051
199,889
206,274
224,490
248,709
261,660
283,633
283,946
284,358
7,957,000
7,957,000284,358283,946283,633261,660248,709224,490206,274199,889188,0510000000000
   Retained Earnings Total Equity00000000000000000000
   Accumulated Other Comprehensive Income 
0
-16,932
-32,411
0
0
0
0
0
-23,430
-31,517
-25,128
-27,627
-31,098
-39,049
-404,976
-416,135
-11,898
-7,521
4,408
0
04,408-7,521-11,898-416,135-404,976-39,049-31,098-27,627-25,128-31,517-23,43000000-32,411-16,9320
   Capital Surplus 00000000000000000000
   Treasury Stock00000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
1,563,979
1,513,161
1,840,211
2,848,953
3,535,059
7,288,998
4,120,626
4,098,489
4,010,144
0
04,010,1444,098,4894,120,6267,288,9983,535,0592,848,9531,840,2111,513,1611,563,9790000000000



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 (+$)
totalRevenue963,300
Cost of Revenue-193,000
Gross Profit770,300770,300
 
Operating Income (+$)
Gross Profit770,300
Operating Expense--25,000
Operating Income795,300795,300
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense-25,0000
 
Net Interest Income (+$)
Interest Income400
Interest Expense-181,500
Other Finance Cost-1,800
Net Interest Income-182,900
 
Pretax Income (+$)
Operating Income795,300
Net Interest Income-182,900
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-2,075,7003,666,300
EBIT - interestExpense = 613,800
-1,626,100
-1,237,300
Interest Expense181,500
Earnings Before Interest and Taxes (EBIT)795,300-1,894,200
Earnings Before Interest and Taxes (EBITDA)868,900
 
After tax Income (+$)
Income Before Tax-2,075,700
Tax Provision--207,300
Net Income From Continuing Ops-1,902,900-1,868,400
Net Income-1,418,800
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses168,000
Total Other Income/Expenses Net-2,871,000182,900
 

Technical Analysis of Covivio
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 Covivio. The general trend of Covivio is BULLISH with 28.6% 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 Covivio'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 (28.6%) Bearish trend (-28.6%)
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 Covivio SA.

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: 49.78 < 50.05 < 51.80.

The bearish price targets are: 46.40 > 45.02 > 39.54.

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Covivio SA 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 Covivio SA. The current mas is .

The long score for the Moving Averages is 9/14.
The longshort score for the Moving Averages is 4/(-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 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 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 lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower 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 up: The MA 200 is trending up. +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

Covivio SA 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 Covivio SA. The current macd is 0.80144567.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-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 Covivio price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Covivio. 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 Covivio 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
Covivio SA Daily Moving Average Convergence/Divergence (MACD) ChartCovivio SA 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 Covivio SA. The current adx is 25.37.

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 Covivio 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.
Covivio SA 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 Covivio SA. The current sar is 42.95.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Covivio SA 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 Covivio SA. The current rsi is 67.67. 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
Covivio SA Daily Relative Strength Index (RSI) ChartCovivio SA 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 Covivio SA. The current phase is Overbought in bull market.

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

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Covivio price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Covivio SA Daily Stochastic Oscillator ChartCovivio SA 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 Covivio SA. The current cci is 139.35.

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

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Covivio SA Daily Commodity Channel Index (CCI) ChartCovivio SA 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 Covivio SA. The current cmo is 50.18.

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
Covivio SA Daily Chande Momentum Oscillator (CMO) ChartCovivio SA 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 Covivio SA. The current willr is 0.

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

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Covivio SA Daily Williams %R ChartCovivio SA 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 Covivio SA.

Covivio SA 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 Covivio SA. The current atr is 1.23650275.

Covivio SA Daily Average True Range (ATR) ChartCovivio SA 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 Covivio SA. The current obv is 1,530,088.

Covivio SA Daily On-Balance Volume (OBV) ChartCovivio SA 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 Covivio SA. The current mfi is 84.30.

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

  • MFI > 50: +1
  • MFI > 80: +1
Covivio SA Daily Money Flow Index (MFI) ChartCovivio SA Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Covivio SA.

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
2023-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-09WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-14STOCH 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).
2023-11-16STOCH 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
2023-11-21SAR 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).
2023-11-23STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-24STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-01BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-06STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-07RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-20STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-27STOCH 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
2023-12-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-09WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-10DMI 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
2024-01-11BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-23WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-05BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-09STOCH SHORT EXITThe %K line crosses above the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-12RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-20STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-23CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-01CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-07SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-18CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-20MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-21CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-22BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Covivio SA Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Covivio SA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5067.674
Ma 20Greater thanMa 5043.079
Ma 50Greater thanMa 10043.224
Ma 100Greater thanMa 20044.599
OpenGreater thanClose45.660
Total2/5 (40.0%)
Penke

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