25 XP   0   0   10

Nel ASA
Buy, Hold or Sell?

Let's analyse Nel ASA together

PenkeI guess you are interested in Nel ASA. 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 Nel ASA. 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.

Get notifications about Nel ASA

I send you an email if I find something interesting about Nel ASA.

Quick analysis of Nel ASA (30 sec.)










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

How much money do you get?

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

What is your share worth?

Current worth
‚ā¨0.32
Expected worth in 1 year
‚ā¨0.29
How sure are you?
44.4%

+ What do you gain per year?

Total Gains per Share
‚ā¨-0.03
Return On Investment
-5.8%

For what price can you sell your share?

Current Price per Share
‚ā¨0.58
Expected price per share
‚ā¨0.374 - ‚ā¨0.9468
How sure are you?
50%

1. Valuation of Nel ASA (5 min.)




Live pricePrice per Share (EOD)

‚ā¨0.58

Intrinsic Value Per Share

‚ā¨-0.24 - ‚ā¨-0.27

Total Value Per Share

‚ā¨0.08 - ‚ā¨0.06

2. Growth of Nel ASA (5 min.)




Is Nel ASA growing?

Current yearPrevious yearGrowGrow %
How rich?$584.1m$584.8m$8.6m1.5%

How much money is Nel ASA making?

Current yearPrevious yearGrowGrow %
Making money-$16m-$33.9m$17.8m111.2%
Net Profit Margin-40.2%-139.6%--

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

3. Financial Health of Nel ASA (5 min.)




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




  Industry Rankings (Other)  

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

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

What can you expect buying and holding a share of Nel ASA?

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

Speculation

The Price per Share of Nel ASA is ‚ā¨0.5846. 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 Nel ASA.
  • 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 Nel ASA, 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 ‚ā¨0.32. Based on the TTM, the Book Value Change Per Share is ‚ā¨-0.01 per quarter. Based on the YOY, the Book Value Change Per Share is ‚ā¨0.00 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ‚ā¨0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Nel ASA.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share
Usd Eps0.00-0.2%-0.01-1.6%-0.02-3.7%-0.01-1.3%-0.01-1.2%
Usd Book Value Change Per Share0.000.2%-0.01-1.5%0.00-0.5%0.023.3%0.023.3%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.000.2%-0.01-1.5%0.00-0.5%0.023.3%0.023.3%
Usd Price Per Share0.45-0.77-1.32-1.40-1.36-
Price to Earnings Ratio-90.27--38.05--19.54--64.89--61.80-
Price-to-Total Gains Ratio325.00-26.41--52.85--11.07--11.07-
Price to Book Ratio1.28-2.15-3.60-4.02-3.82-
Price-to-Total Gains Ratio325.00-26.41--52.85--11.07--11.07-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.62943882
Number of shares1588
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share-0.010.02
Usd Total Gains Per Share-0.010.02
Gains per Quarter (1588 shares)-14.3830.84
Gains per Year (1588 shares)-57.50123.38
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-58-680123113
20-115-1260247236
30-173-1840370359
40-230-2420494482
50-288-3000617605
60-345-3580740728
70-403-4160864851
80-460-4740987974
90-518-532011101097
100-575-590012341220

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.04.00.00.0%1.011.00.08.3%3.015.00.016.7%3.015.00.016.7%3.015.00.016.7%
Book Value Change Per Share1.03.00.025.0%3.09.00.025.0%8.010.00.044.4%8.010.00.044.4%8.010.00.044.4%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.018.00.0%0.00.018.00.0%0.00.018.00.0%
Total Gains per Share1.03.00.025.0%3.09.00.025.0%8.010.00.044.4%8.010.00.044.4%8.010.00.044.4%

Fundamentals of Nel ASA

About Nel ASA

  • Other
  • 0

There is no Profile data available for D7G.BE.

Fundamental data was last updated by Penke on 2024-06-06 03:29:05.

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

Valuation

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

1.1. Profitability of Nel ASA.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Nel ASA earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare¬†Nel ASA to the¬†Other industry mean.
  • A Net Profit Margin of -5.7%¬†means that¬†€-0.06 for each €1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Nel ASA:

  • The MRQ is -5.7%. The company is making a loss. -1
  • The TTM is -40.2%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-5.7%TTM-40.2%+34.6%
TTM-40.2%YOY-139.6%+99.4%
TTM-40.2%5Y-63.0%+22.8%
5Y-63.0%10Y-62.1%-0.9%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ-5.7%5.5%-11.2%
TTM-40.2%5.0%-45.2%
YOY-139.6%6.4%-146.0%
5Y-63.0%6.0%-69.0%
10Y-62.1%6.1%-68.2%
1.1.2. Return on Assets

Shows how efficient Nel ASA is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Nel ASA to the¬†Other industry mean.
  • -0.3% Return on Assets means that¬†Nel ASA generated¬†€0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Nel ASA:

  • The MRQ is -0.3%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -2.1%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-0.3%TTM-2.1%+1.8%
TTM-2.1%YOY-5.0%+2.8%
TTM-2.1%5Y-2.2%+0.0%
5Y-2.2%10Y-2.2%+0.0%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.3%1.1%-1.4%
TTM-2.1%0.9%-3.0%
YOY-5.0%1.5%-6.5%
5Y-2.2%1.1%-3.3%
10Y-2.2%1.3%-3.5%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare¬†Nel ASA to the¬†Other industry mean.
  • -0.4% Return on Equity means Nel ASA generated €0.00¬†for each¬†€1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Nel ASA:

  • The MRQ is -0.4%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -2.7%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-0.4%TTM-2.7%+2.3%
TTM-2.7%YOY-6.1%+3.5%
TTM-2.7%5Y-2.7%+0.0%
5Y-2.7%10Y-2.7%0.0%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.4%3.4%-3.8%
TTM-2.7%3.2%-5.9%
YOY-6.1%4.7%-10.8%
5Y-2.7%3.7%-6.4%
10Y-2.7%3.7%-6.4%

1.2. Operating Efficiency of Nel ASA.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Nel ASA is operating .

  • Measures how much profit Nel ASA 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¬†Nel ASA to the¬†Other industry mean.
  • An Operating Margin of 0.0%¬†means the company generated €0.00 ¬†for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Nel ASA:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y25.6%-25.6%
5Y25.6%10Y23.0%+2.6%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ-9.5%-9.5%
TTM-9.5%-9.5%
YOY-8.7%-8.7%
5Y25.6%5.7%+19.9%
10Y23.0%7.0%+16.0%
1.2.2. Operating Ratio

Measures how efficient Nel ASA is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Other industry mean).
  • An Operation Ratio of 1.43 means that the operating costs are €1.43 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Nel ASA:

  • The MRQ is 1.433. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.839. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.433TTM1.839-0.406
TTM1.839YOY2.657-0.818
TTM1.8395Y2.319-0.479
5Y2.31910Y2.309+0.009
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4331.222+0.211
TTM1.8391.249+0.590
YOY2.6571.232+1.425
5Y2.3191.248+1.071
10Y2.3091.363+0.946

1.3. Liquidity of Nel ASA.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to¬†Other industry mean).
  • A Current Ratio of 4.28¬†means the company has €4.28 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Nel ASA:

  • The MRQ is 4.275. The company is very able to pay all its short-term debts. +2
  • The TTM is 4.304. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ4.275TTM4.304-0.029
TTM4.304YOY5.312-1.008
TTM4.3045Y6.206-1.902
5Y6.20610Y6.156+0.050
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ4.2751.416+2.859
TTM4.3041.515+2.789
YOY5.3121.541+3.771
5Y6.2061.542+4.664
10Y6.1561.502+4.654
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but¬†always compare¬†Nel ASA to the¬†Other industry mean.
  • A Quick Ratio of 0.57¬†means the company can pay off €0.57 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Nel ASA:

  • The MRQ is 0.565. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.565. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.565TTM0.5650.000
TTM0.565YOY0.465+0.100
TTM0.5655Y0.674-0.109
5Y0.67410Y0.667+0.007
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5650.552+0.013
TTM0.5650.576-0.011
YOY0.4650.588-0.123
5Y0.6740.608+0.066
10Y0.6670.603+0.064

1.4. Solvency of Nel ASA.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Nel ASA assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Nel ASA to Other industry mean.
  • A Debt to Asset Ratio of 0.20¬†means that Nel ASA assets are¬†financed with 19.7% credit (debt) and the remaining percentage (100% - 19.7%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Nel ASA:

  • The MRQ is 0.197. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.204. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.197TTM0.204-0.007
TTM0.204YOY0.178+0.026
TTM0.2045Y0.169+0.036
5Y0.16910Y0.1690.000
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1970.527-0.330
TTM0.2040.525-0.321
YOY0.1780.556-0.378
5Y0.1690.562-0.393
10Y0.1690.569-0.400
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but¬†always compare¬†Nel ASA to the¬†Other industry mean.
  • A Debt to Equity ratio of 24.6% means that company has €0.25 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Nel ASA:

  • The MRQ is 0.246. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.257. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.246TTM0.257-0.011
TTM0.257YOY0.218+0.039
TTM0.2575Y0.206+0.051
5Y0.20610Y0.2060.000
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2461.113-0.867
TTM0.2571.105-0.848
YOY0.2181.204-0.986
5Y0.2061.325-1.119
10Y0.2061.457-1.251

2. Market Valuation of Nel ASA

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 Nel ASA generates.

  • Above 15 is considered overpriced but¬†always compare¬†Nel ASA to the¬†Other industry mean.
  • A PE ratio of -90.27 means the investor is paying €-90.27¬†for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Nel ASA:

  • The EOD is -127.162. Based on the earnings, the company is expensive. -2
  • The MRQ is -90.271. Based on the earnings, the company is expensive. -2
  • The TTM is -38.048. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-127.162MRQ-90.271-36.891
MRQ-90.271TTM-38.048-52.222
TTM-38.048YOY-19.543-18.505
TTM-38.0485Y-64.891+26.843
5Y-64.89110Y-61.801-3.090
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD-127.16213.363-140.525
MRQ-90.27111.079-101.350
TTM-38.04810.444-48.492
YOY-19.54311.297-30.840
5Y-64.89111.604-76.495
10Y-61.80112.409-74.210
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is -13.370. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -9.491. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -9.372. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-13.370MRQ-9.491-3.879
MRQ-9.491TTM-9.372-0.119
TTM-9.372YOY-27.097+17.725
TTM-9.3725Y-29.980+20.607
5Y-29.98010Y-28.552-1.428
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD-13.3705.492-18.862
MRQ-9.4914.894-14.385
TTM-9.3724.445-13.817
YOY-27.0971.948-29.045
5Y-29.9802.224-32.204
10Y-28.5523.083-31.635
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy¬†(always compare to Other industry mean).
  • A PB ratio of 1.28 means the investor is paying €1.28¬†for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Nel ASA:

  • The EOD is 1.800. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.278. Based on the equity, the company is underpriced. +1
  • The TTM is 2.150. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.800MRQ1.278+0.522
MRQ1.278TTM2.150-0.872
TTM2.150YOY3.602-1.452
TTM2.1505Y4.016-1.866
5Y4.01610Y3.825+0.191
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD1.8001.613+0.187
MRQ1.2781.255+0.023
TTM2.1501.273+0.877
YOY3.6021.365+2.237
5Y4.0161.490+2.526
10Y3.8251.621+2.204
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Nel ASA 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--0.001-0.008+758%-0.003+313%0.018-93%0.018-93%
Book Value Per Share--0.3250.330-2%0.342-5%0.280+16%0.267+22%
Current Ratio--4.2754.304-1%5.312-20%6.206-31%6.156-31%
Debt To Asset Ratio--0.1970.204-3%0.178+11%0.169+17%0.169+17%
Debt To Equity Ratio--0.2460.257-4%0.218+13%0.206+19%0.206+19%
Dividend Per Share----0%-0%-0%-0%
Eps---0.001-0.009+678%-0.020+1642%-0.007+505%-0.007+476%
Free Cash Flow Per Share---0.011-0.019+77%-0.012+13%-0.012+14%-0.012+14%
Free Cash Flow To Equity Per Share---0.011-0.019+77%-0.012+13%-0.012+14%-0.012+14%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---0.266--------
Intrinsic Value_10Y_min---0.242--------
Intrinsic Value_1Y_max---0.053--------
Intrinsic Value_1Y_min---0.052--------
Intrinsic Value_3Y_max---0.140--------
Intrinsic Value_3Y_min---0.134--------
Intrinsic Value_5Y_max---0.202--------
Intrinsic Value_5Y_min---0.189--------
Market Cap--693426517.4651192359428.586-42%1941695020.307-64%1814836441.239-62%1728415658.323-60%
Net Profit Margin---0.057-0.402+608%-1.396+2355%-0.630+1008%-0.621+993%
Operating Margin----0%-0%0.256-100%0.230-100%
Operating Ratio--1.4331.839-22%2.657-46%2.319-38%2.309-38%
Pb Ratio1.800+29%1.2782.150-41%3.602-65%4.016-68%3.825-67%
Pe Ratio-127.162-41%-90.271-38.048-58%-19.543-78%-64.891-28%-61.801-32%
Price Per Share0.585+29%0.4150.714-42%1.222-66%1.296-68%1.262-67%
Price To Free Cash Flow Ratio-13.370-41%-9.491-9.372-1%-27.097+185%-29.980+216%-28.552+201%
Price To Total Gains Ratio457.822+29%325.00226.414+1130%-52.853+116%-11.069+103%-11.069+103%
Quick Ratio--0.5650.5650%0.465+22%0.674-16%0.667-15%
Return On Assets---0.003-0.021+647%-0.050+1643%-0.022+661%-0.022+662%
Return On Equity---0.004-0.027+655%-0.061+1631%-0.027+662%-0.027+661%
Total Gains Per Share--0.001-0.008+758%-0.003+313%0.018-93%0.018-93%
Usd Book Value--584191782.481593579925.791-2%584899934.5310%478787985.541+22%464746215.729+26%
Usd Book Value Change Per Share--0.001-0.009+758%-0.003+313%0.019-93%0.019-93%
Usd Book Value Per Share--0.3500.355-2%0.368-5%0.301+16%0.287+22%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.001-0.010+678%-0.022+1642%-0.007+505%-0.007+476%
Usd Free Cash Flow---19665549.086-34761322.810+77%-21052841.720+7%-19427687.924-1%-18745247.615-5%
Usd Free Cash Flow Per Share---0.012-0.021+77%-0.013+13%-0.013+14%-0.013+14%
Usd Free Cash Flow To Equity Per Share---0.012-0.021+77%-0.013+13%-0.013+14%-0.013+14%
Usd Market Cap--746612331.3551283813396.758-42%2090623028.365-64%1954034396.282-62%1860985139.317-60%
Usd Price Per Share0.629+29%0.4470.768-42%1.315-66%1.395-68%1.359-67%
Usd Profit---2067700.710-16078900.957+678%-33966605.802+1543%-12542196.678+507%-12174483.610+489%
Usd Revenue--36353620.41640215196.783-10%24841091.372+46%22089964.080+65%21547011.294+69%
Usd Total Gains Per Share--0.001-0.009+758%-0.003+313%0.019-93%0.019-93%
 EOD+4 -2MRQTTM+23 -9YOY+22 -105Y+19 -1410Y+19 -14

3.2. Fundamental Score

Let's check the fundamental score of Nel ASA based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-127.162
Price to Book Ratio (EOD)Between0-11.800
Net Profit Margin (MRQ)Greater than0-0.057
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.565
Current Ratio (MRQ)Greater than14.275
Debt to Asset Ratio (MRQ)Less than10.197
Debt to Equity Ratio (MRQ)Less than10.246
Return on Equity (MRQ)Greater than0.15-0.004
Return on Assets (MRQ)Greater than0.05-0.003
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Nel ASA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5049.450
Ma 20Greater thanMa 500.618
Ma 50Greater thanMa 1000.516
Ma 100Greater thanMa 2000.472
OpenGreater thanClose0.585
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2024-03-31. Currency in NOK. All numbers in thousands.

Summary
Total Assets7,750,775
Total Liabilities1,528,571
Total Stockholder Equity6,222,204
 As reported
Total Liabilities 1,528,571
Total Stockholder Equity+ 6,222,204
Total Assets = 7,750,775

Assets

Total Assets7,750,775
Total Current Assets5,098,447
Long-term Assets2,652,328
Total Current Assets
Cash And Cash Equivalents 3,259,999
Net Receivables 673,841
Inventory 880,133
Other Current Assets 254,322
Total Current Assets  (as reported)5,098,447
Total Current Assets  (calculated)5,068,295
+/- 30,152
Long-term Assets
Property Plant Equipment 1,418,030
Goodwill 394,708
Intangible Assets 674,671
Long-term Assets Other 164,919
Long-term Assets  (as reported)2,652,328
Long-term Assets  (calculated)2,652,328
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities1,192,520
Long-term Liabilities336,051
Total Stockholder Equity6,222,204
Total Current Liabilities
Accounts payable 161,911
Other Current Liabilities 335,232
Total Current Liabilities  (as reported)1,192,520
Total Current Liabilities  (calculated)497,143
+/- 695,377
Long-term Liabilities
Long term Debt 22,937
Capital Lease Obligations Min Short Term Debt241,665
Long-term Liabilities Other 74,108
Long-term Liabilities  (as reported)336,051
Long-term Liabilities  (calculated)338,710
+/- 2,659
Total Stockholder Equity
Total Stockholder Equity (as reported)6,222,204
Total Stockholder Equity (calculated)0
+/- 6,222,204
Other
Capital Stock334,265
Common Stock Shares Outstanding 1,670,907
Net Invested Capital 6,245,141
Net Working Capital 3,905,927
Property Plant and Equipment Gross 1,418,030



Balance Sheet

Currency in NOK. All numbers in thousands.

 Trend2024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-31
> Total Assets 
2,365,212
2,419,917
2,493,895
2,430,673
3,429,646
5,453,333
4,859,503
6,136,696
6,778,540
6,557,780
6,046,945
6,006,984
7,564,860
7,497,750
7,375,003
6,950,512
8,491,791
8,223,748
7,952,961
7,857,020
7,750,775
7,750,7757,857,0207,952,9618,223,7488,491,7916,950,5127,375,0037,497,7507,564,8606,006,9846,046,9456,557,7806,778,5406,136,6964,859,5035,453,3333,429,6462,430,6732,493,8952,419,9172,365,212
   > Total Current Assets 
1,037,700
1,084,164
1,096,338
990,340
1,729,416
3,862,497
3,294,442
4,593,753
5,171,534
4,841,400
4,283,373
4,144,139
5,618,553
5,420,665
5,144,146
4,977,610
6,348,741
5,990,779
5,627,504
5,376,937
5,098,447
5,098,4475,376,9375,627,5045,990,7796,348,7414,977,6105,144,1465,420,6655,618,5534,144,1394,283,3734,841,4005,171,5344,593,7533,294,4423,862,4971,729,416990,3401,096,3381,084,1641,037,700
       Cash And Cash Equivalents 
743,215
697,651
650,960
469,961
1,221,358
2,566,068
2,543,616
2,326,613
3,247,802
3,074,021
2,930,403
2,714,272
3,940,036
3,646,394
3,520,265
3,125,757
4,621,213
4,122,293
3,799,056
3,347,803
3,259,999
3,259,9993,347,8033,799,0564,122,2934,621,2133,125,7573,520,2653,646,3943,940,0362,714,2722,930,4033,074,0213,247,8022,326,6132,543,6162,566,0681,221,358469,961650,960697,651743,215
       Short-term Investments 
0
0
0
0
0
0
0
1,734,231
0
0
0
608,100
0
0
0
547,157
0
0
93,591
24,013
0
024,01393,59100547,157000608,1000001,734,2310000000
       Net Receivables 
104,922
167,872
188,444
183,334
114,945
154,444
91,758
101,449
194,018
178,527
136,416
211,408
228,874
310,701
288,853
460,735
417,313
656,672
638,015
812,407
673,841
673,841812,407638,015656,672417,313460,735288,853310,701228,874211,408136,416178,527194,018101,44991,758154,444114,945183,334188,444167,872104,922
       Inventory 
144,120
177,095
216,550
205,234
245,036
259,512
284,512
237,129
245,645
280,469
301,539
328,467
345,454
476,064
509,605
504,595
592,785
620,074
681,972
703,990
880,133
880,133703,990681,972620,074592,785504,595509,605476,064345,454328,467301,539280,469245,645237,129284,512259,512245,036205,234216,550177,095144,120
       Other Current Assets 
1
1
1
5,108
98,600
835,885
321,839
17,878
1,358,451
1,190,147
819,557
23,019
966,020
880,341
762,480
48,352
640,787
505,723
321,802
145,455
254,322
254,322145,455321,802505,723640,78748,352762,480880,341966,02023,019819,5571,190,1471,358,45117,878321,839835,88598,6005,108111
   > Long-term Assets 
1,327,512
1,335,753
1,397,558
1,440,334
1,700,230
1,590,836
1,565,061
1,542,943
1,607,007
1,716,380
1,763,573
1,862,845
1,946,307
2,077,085
2,230,857
1,972,902
2,143,050
2,232,969
2,325,457
2,480,083
2,652,328
2,652,3282,480,0832,325,4572,232,9692,143,0501,972,9022,230,8572,077,0851,946,3071,862,8451,763,5731,716,3801,607,0071,542,9431,565,0611,590,8361,700,2301,440,3341,397,5581,335,7531,327,512
       Property Plant Equipment 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
676,608
785,489
863,131
988,855
1,093,333
1,305,677
1,418,030
1,418,0301,305,6771,093,333988,855863,131785,489676,60800000000000000
       Goodwill 
598,310
0
619,300
609,154
708,800
669,243
669,108
619,731
606,263
612,332
618,921
615,184
605,093
660,518
694,854
365,580
384,712
384,712
389,196
375,305
394,708
394,708375,305389,196384,712384,712365,580694,854660,518605,093615,184618,921612,332606,263619,731669,108669,243708,800609,154619,3000598,310
       Intangible Assets 
483,429
0
501,317
508,921
593,400
567,119
527,939
472,036
479,417
504,619
529,787
528,961
534,486
587,303
635,213
568,877
601,915
607,886
611,657
639,743
674,671
674,671639,743611,657607,886601,915568,877635,213587,303534,486528,961529,787504,619479,417472,036527,939567,119593,400508,921501,3170483,429
> Total Liabilities 
406,385
488,249
542,622
584,055
628,437
702,164
637,936
668,381
697,025
780,203
731,720
968,280
966,428
1,101,036
1,168,959
1,500,904
1,625,171
1,692,672
1,615,190
1,659,284
1,528,571
1,528,5711,659,2841,615,1901,692,6721,625,1711,500,9041,168,9591,101,036966,428968,280731,720780,203697,025668,381637,936702,164628,437584,055542,622488,249406,385
   > Total Current Liabilities 
201,568
294,426
339,115
340,409
353,573
422,471
386,741
431,085
454,902
539,986
506,155
705,051
706,409
836,238
907,889
1,191,617
1,289,534
1,350,386
1,262,956
1,328,151
1,192,520
1,192,5201,328,1511,262,9561,350,3861,289,5341,191,617907,889836,238706,409705,051506,155539,986454,902431,085386,741422,471353,573340,409339,115294,426201,568
       Accounts payable 
69,686
67,537
88,432
92,197
82,090
75,090
66,821
81,570
71,156
125,952
101,202
132,962
117,062
159,697
147,420
201,744
158,807
200,338
169,144
204,863
161,911
161,911204,863169,144200,338158,807201,744147,420159,697117,062132,962101,202125,95271,15681,57066,82175,09082,09092,19788,43267,53769,686
       Other Current Liabilities 
126,848
226,889
250,683
22,628
91,643
184,704
128,757
10,430
132,420
186,101
197,443
40,776
190,930
180,975
202,295
60,416
328,547
343,774
336,387
127,985
335,232
335,232127,985336,387343,774328,54760,416202,295180,975190,93040,776197,443186,101132,42010,430128,757184,70491,64322,628250,683226,889126,848
   > Long-term Liabilities 
204,817
193,823
203,507
243,646
274,864
279,693
251,195
237,296
242,123
240,217
225,565
263,229
260,019
264,798
261,070
309,287
335,637
342,286
352,234
331,133
336,051
336,051331,133352,234342,286335,637309,287261,070264,798260,019263,229225,565240,217242,123237,296251,195279,693274,864243,646203,507193,823204,817
       Long term Debt 
30,678
30,364
30,544
40,846
35,014
32,688
32,682
30,284
28,482
28,536
28,065
23,191
21,808
22,848
22,978
22,431
23,998
24,173
22,843
22,458
22,937
22,93722,45822,84324,17323,99822,43122,97822,84821,80823,19128,06528,53628,48230,28432,68232,68835,01440,84630,54430,36430,678
       Capital Lease Obligations Min Short Term Debt
0
0
0
91,187
97,034
93,453
91,663
91,416
99,110
96,787
95,468
133,421
138,095
138,593
135,858
200,615
215,951
223,821
241,621
237,203
241,665
241,665237,203241,621223,821215,951200,615135,858138,593138,095133,42195,46896,78799,11091,41691,66393,45397,03491,187000
       Long-term Liabilities Other 
107,557
99,237
105,666
1,089
84,209
101,014
76,283
10,306
71,228
72,820
68,995
8,290
73,618
75,641
73,502
4,919
88,987
97,418
82,989
4,860
74,108
74,1084,86082,98997,41888,9874,91973,50275,64173,6188,29068,99572,82071,22810,30676,283101,01484,2091,089105,66699,237107,557
> Total Stockholder Equity
1,958,827
1,931,668
1,951,273
1,846,618
2,801,209
4,751,169
4,221,567
5,468,315
6,081,515
5,777,577
5,315,225
5,038,704
6,598,432
6,396,714
6,206,044
5,449,608
6,866,620
6,531,076
6,337,771
6,197,736
6,222,204
6,222,2046,197,7366,337,7716,531,0766,866,6205,449,6086,206,0446,396,7146,598,4325,038,7045,315,2255,777,5776,081,5155,468,3154,221,5674,751,1692,801,2091,846,6181,951,2731,931,6681,958,827
   Common Stock000000000000000000000
   Retained Earnings Total Equity000000000000000000000
   Accumulated Other Comprehensive Income 000000000000000000000
   Capital Surplus 000000000000000000000
   Treasury Stock000000000000000000000
   Other Stockholders Equity 000000000000000000000



Balance Sheet

Currency in NOK. All numbers in thousands.




Cash Flow

Currency in NOK. All numbers in thousands.




Income Statement

Currency in NOK. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue1,681,070
Cost of Revenue-856,926
Gross Profit824,144824,144
 
Operating Income (+$)
Gross Profit824,144
Operating Expense-2,458,581
Operating Income-777,511-1,634,437
 
Operating Expense (+$)
Research Development53,779
Selling General Administrative156,484
Selling And Marketing Expenses0
Operating Expense2,458,581210,263
 
Net Interest Income (+$)
Interest Income167,834
Interest Expense-17,570
Other Finance Cost-6,204
Net Interest Income156,468
 
Pretax Income (+$)
Operating Income-777,511
Net Interest Income156,468
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-872,534-777,511
EBIT - interestExpense = -17,570
-855,196
-837,626
Interest Expense17,570
Earnings Before Interest and Taxes (EBIT)0-854,964
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax-872,534
Tax Provision--17,338
Net Income From Continuing Ops-855,196-855,196
Net Income-855,196
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0-156,468
 

Technical Analysis of Nel ASA
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 Nel ASA. The general trend of Nel ASA is BULLISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Nel ASA's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitionsBullish trend (42.9%) Bearish trend (-42.9%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of Nel ASA.

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

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

The bullish price targets are: 0.82 < 0.888 < 0.9468.

The bearish price targets are: 0.554 > 0.386 > 0.374.

Tweet this
Nel ASA 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 Nel ASA. The current mas is .

The long score for the Moving Averages is 10/14.
The longshort score for the Moving Averages is 6/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close < MA 20: The price is below 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 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 lower 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

Nel ASA 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 Nel ASA. The current macd is 0.03206968.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-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 Nel ASA price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Nel ASA. 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 Nel ASA 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 down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Nel ASA Daily Moving Average Convergence/Divergence (MACD) ChartNel ASA 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 Nel ASA. The current adx is 32.62.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-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 Nel ASA shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Nel ASA 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 Nel ASA. The current sar is 0.77175497.

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
Nel ASA 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 Nel ASA. The current rsi is 49.45. The current phase is Correction in bull market.

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

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending down: The RSI is trending down. -1
Nel ASA Daily Relative Strength Index (RSI) ChartNel ASA 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 Nel ASA. The current phase is Oversold in bull market.

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

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Nel ASA price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Nel ASA Daily Stochastic Oscillator ChartNel ASA 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 Nel ASA. The current cci is -41.841243.

Nel ASA Daily Commodity Channel Index (CCI) ChartNel ASA 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 Nel ASA. The current cmo is -12.60503093.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Nel ASA Daily Chande Momentum Oscillator (CMO) ChartNel ASA 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 Nel ASA. The current willr is -94.16.

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

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Nel ASA Daily Williams %R ChartNel ASA 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 Nel ASA.

Nel ASA 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 Nel ASA. The current atr is 0.04821715.

Nel ASA Daily Average True Range (ATR) ChartNel ASA 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 Nel ASA. The current obv is 342,481.

Nel ASA Daily On-Balance Volume (OBV) ChartNel ASA 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 Nel ASA. The current mfi is 82.28.

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
Nel ASA Daily Money Flow Index (MFI) ChartNel ASA Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Nel ASA.

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
2024-01-23RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-25STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-31SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-14CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-23STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-27RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-28DMI 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.
2024-02-29DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-01CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-05CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-14CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-19SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-22MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-25MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-27DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-28CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-02DMI 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
2024-04-03DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
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
2024-04-04DMI 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
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-09ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-04-10RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-15CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-16SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-17MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-18DMI 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
2024-04-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-22DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-24STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-04-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-29MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-04-30MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-05-02MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-05-03SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-06MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-05-07CCI 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).
2024-05-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-10STOCH 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
2024-05-14BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-21CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-23STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-27ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-28STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-29RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-30SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-31STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-03CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-06-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-10STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-06-11WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside

6.3. Candlestick Patterns

Nel ASA Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Nel ASA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5049.450
Ma 20Greater thanMa 500.618
Ma 50Greater thanMa 1000.516
Ma 100Greater thanMa 2000.472
OpenGreater thanClose0.585
Total3/5 (60.0%)
Penke

Good job! You gained 25 XP and 0   0   10 . What's next:

  • Share my analysis of Nel ASA with someone you think should read this too:
  • Are you bullish or bearish on Nel ASA? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about Nel ASA? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about Nel ASA

I send you an email if I find something interesting about Nel ASA.


Comments

How you think about this?

Leave a comment

Stay informed about Nel ASA.

Receive notifications about Nel ASA in your mailbox!