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Equinor ASA
Buy, Hold or Sell?

Let's analyse Equinor together

PenkeI guess you are interested in Equinor 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 Equinor 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.

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Quick analysis of Equinor (30 sec.)










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

How much money do you get?

How much money do you get?
€3.31
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
€15.23
Expected worth in 1 year
€17.87
How sure are you?
70.6%

+ What do you gain per year?

Total Gains per Share
€5.71
Return On Investment
24.9%

For what price can you sell your share?

Current Price per Share
€22.90
Expected price per share
€22.56 - €25.50
How sure are you?
50%
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1. Valuation of Equinor (5 min.)




Live pricePrice per Share (EOD)

€22.90

Intrinsic Value Per Share

€70.38 - €82.19

Total Value Per Share

€85.61 - €97.42

2. Growth of Equinor (5 min.)




Is Equinor growing?

Current yearPrevious yearGrowGrow %
How rich?$48.7b$41.5b$10.8b20.7%

How much money is Equinor making?

Current yearPrevious yearGrowGrow %
Making money$4.2b$6b-$1.7b-41.0%
Net Profit Margin14.5%16.0%--

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

3. Financial Health of Equinor (5 min.)




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




  Industry Rankings (Oil & Gas Integrated)  


Richest
#17 / 55

Most Revenue
#15 / 55

Most Profit
#15 / 55
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What can you expect buying and holding a share of Equinor? (5 min.)

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

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

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

Speculation

The Price per Share of Equinor is €22.90. 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 Equinor.
  • 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 Equinor, 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 €15.23. Based on the TTM, the Book Value Change Per Share is €0.66 per quarter. Based on the YOY, the Book Value Change Per Share is €0.51 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 €0.77 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Equinor.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps0.843.7%1.255.5%1.908.3%0.713.1%0.713.1%
Usd Book Value Change Per Share-0.23-1.0%0.713.1%0.552.4%0.974.2%0.974.2%
Usd Dividend Per Share0.883.9%0.833.6%0.291.3%0.361.6%0.361.6%
Usd Total Gains Per Share0.652.9%1.546.7%0.843.7%1.335.8%1.335.8%
Usd Price Per Share33.52-31.68-33.79-24.32-24.32-
Price to Earnings Ratio9.93-7.73-4.95--3.93--3.93-
Price-to-Total Gains Ratio51.32-9.60--28.72-48.17-48.17-
Price to Book Ratio2.04-1.85-2.59-1.82-1.82-
Price-to-Total Gains Ratio51.32-9.60--28.72-48.17-48.17-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share24.75948
Number of shares40
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.830.36
Usd Book Value Change Per Share0.710.97
Usd Total Gains Per Share1.541.33
Gains per Quarter (40 shares)61.7053.13
Gains per Year (40 shares)246.79212.54
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
113311423758155203
2265228484115310416
3398343731173465629
4530457978230620842
566357112252887751055
679668514723459301268
7928799171940310851481
81061914196646012401694
911931028221351813951907
1013261142246057615502120

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%11.01.00.091.7%11.06.00.064.7%11.06.00.064.7%11.06.00.064.7%
Book Value Change Per Share2.02.00.050.0%8.04.00.066.7%9.08.00.052.9%9.08.00.052.9%9.08.00.052.9%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%17.00.00.0100.0%17.00.00.0100.0%17.00.00.0100.0%
Total Gains per Share3.01.00.075.0%10.02.00.083.3%12.05.00.070.6%12.05.00.070.6%12.05.00.070.6%
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Fundamentals of Equinor

About Equinor ASA

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments. The company also transports, processes, manufactures, markets, and trades in oil and gas commodities, such as crude and condensate products, gas liquids, natural gas, and liquefied natural gas; markets and trades in power and emissions; operates refineries, terminals and processing, and power plants; and develops low carbon solutions for oil and gas. In addition, it develops carbon capture and storage projects; provides transportation solutions, including pipelines, shipping, trucking, and rail; and develops and explores for renewable energy, such as offshore wind, green hydrogen, and solar power. The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018. Equinor ASA was incorporated in 1972 and is headquartered in Stavanger, Norway.

Fundamental data was last updated by Penke on 2024-02-01 17:46:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just 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 underpriced.
Based on how much money comes from the company's main activities, the company is cheap.
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1.1. Profitability of Equinor ASA.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Equinor to the Oil & Gas Integrated industry mean.
  • A Net Profit Margin of 9.6% means that €0.10 for each €1 in revenue is generated as profit.

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

  • The MRQ is 9.6%. The company is making a profit. +1
  • The TTM is 14.5%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ9.6%TTM14.5%-4.8%
TTM14.5%YOY16.0%-1.5%
TTM14.5%5Y5.5%+8.9%
5Y5.5%10Y5.5%0.0%
Compared to industry (Oil & Gas Integrated)
PeriodCompanyIndustry (mean)+/- 
MRQ9.6%8.8%+0.8%
TTM14.5%7.2%+7.3%
YOY16.0%9.1%+6.9%
5Y5.5%3.1%+2.4%
10Y5.5%3.3%+2.2%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Equinor to the Oil & Gas Integrated industry mean.
  • 1.8% Return on Assets means that Equinor generated €0.02 profit for each $1 in assets.

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

  • The MRQ is 1.8%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.8%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.8%TTM2.8%-1.0%
TTM2.8%YOY4.0%-1.1%
TTM2.8%5Y1.5%+1.3%
5Y1.5%10Y1.5%0.0%
Compared to industry (Oil & Gas Integrated)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8%1.8%0.0%
TTM2.8%1.8%+1.0%
YOY4.0%2.4%+1.6%
5Y1.5%0.9%+0.6%
10Y1.5%0.8%+0.7%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Equinor to the Oil & Gas Integrated industry mean.
  • 5.1% Return on Equity means Equinor generated €0.05 for each €1 the owners (shareholders) invested.

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

  • The MRQ is 5.1%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 8.0%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ5.1%TTM8.0%-2.9%
TTM8.0%YOY14.5%-6.5%
TTM8.0%5Y5.0%+3.0%
5Y5.0%10Y5.0%0.0%
Compared to industry (Oil & Gas Integrated)
PeriodCompanyIndustry (mean)+/- 
MRQ5.1%4.8%+0.3%
TTM8.0%3.8%+4.2%
YOY14.5%5.4%+9.1%
5Y5.0%2.1%+2.9%
10Y5.0%1.7%+3.3%
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1.2. Operating Efficiency of Equinor ASA.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Equinor is operating .

  • Measures how much profit Equinor 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 Equinor to the Oil & Gas Integrated industry mean.
  • An Operating Margin of 32.0% means the company generated €0.32  for each €1 in revenue (before taxes).

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

  • The MRQ is 32.0%. The company is operating very efficient. +2
  • The TTM is 8.0%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ32.0%TTM8.0%+24.0%
TTM8.0%YOY49.7%-41.7%
TTM8.0%5Y26.4%-18.4%
5Y26.4%10Y26.4%0.0%
Compared to industry (Oil & Gas Integrated)
PeriodCompanyIndustry (mean)+/- 
MRQ32.0%16.8%+15.2%
TTM8.0%12.4%-4.4%
YOY49.7%14.4%+35.3%
5Y26.4%9.2%+17.2%
10Y26.4%8.5%+17.9%
1.2.2. Operating Ratio

Measures how efficient Equinor is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Oil & Gas Integrated industry mean).
  • An Operation Ratio of 1.31 means that the operating costs are €1.31 for each €1 in net sales.

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

  • The MRQ is 1.315. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.137. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.315TTM1.137+0.177
TTM1.137YOY0.929+0.209
TTM1.1375Y1.343-0.206
5Y1.34310Y1.3430.000
Compared to industry (Oil & Gas Integrated)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3150.905+0.410
TTM1.1370.924+0.213
YOY0.9290.915+0.014
5Y1.3430.954+0.389
10Y1.3430.960+0.383
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1.3. Liquidity of Equinor ASA.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Oil & Gas Integrated industry mean).
  • A Current Ratio of 1.06 means the company has €1.06 in assets for each €1 in short-term debts.

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

  • The MRQ is 1.059. The company is just able to pay all its short-term debts.
  • The TTM is 1.655. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.059TTM1.655-0.595
TTM1.655YOY1.590+0.065
TTM1.6555Y1.600+0.055
5Y1.60010Y1.6000.000
Compared to industry (Oil & Gas Integrated)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0591.384-0.325
TTM1.6551.368+0.287
YOY1.5901.292+0.298
5Y1.6001.292+0.308
10Y1.6001.306+0.294
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Equinor to the Oil & Gas Integrated industry mean.
  • A Quick Ratio of 1.17 means the company can pay off €1.17 for each €1 in debt (using most liquid assets).

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

  • The MRQ is 1.165. The company is just able to pay all its short-term debts with the most liquid assets.
  • The TTM is 1.185. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.165TTM1.185-0.020
TTM1.185YOY0.904+0.281
TTM1.1855Y0.976+0.210
5Y0.97610Y0.9760.000
Compared to industry (Oil & Gas Integrated)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1650.740+0.425
TTM1.1850.724+0.461
YOY0.9040.811+0.093
5Y0.9760.785+0.191
10Y0.9760.780+0.196
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1.4. Solvency of Equinor ASA.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Equinor to Oil & Gas Integrated industry mean.
  • A Debt to Asset Ratio of 0.65 means that Equinor assets are financed with 65.0% credit (debt) and the remaining percentage (100% - 65.0%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.650. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.645. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.650TTM0.645+0.006
TTM0.645YOY0.728-0.083
TTM0.6455Y0.688-0.043
5Y0.68810Y0.6880.000
Compared to industry (Oil & Gas Integrated)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6500.519+0.131
TTM0.6450.523+0.122
YOY0.7280.569+0.159
5Y0.6880.543+0.145
10Y0.6880.526+0.162
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Equinor to the Oil & Gas Integrated industry mean.
  • A Debt to Equity ratio of 186.2% means that company has €1.86 debt for each €1 in shareholders equity.

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

  • The MRQ is 1.862. The company is just able to pay all its debts with equity.
  • The TTM is 1.818. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.862TTM1.818+0.043
TTM1.818YOY2.677-0.858
TTM1.8185Y2.249-0.431
5Y2.24910Y2.2490.000
Compared to industry (Oil & Gas Integrated)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8621.142+0.720
TTM1.8181.171+0.647
YOY2.6771.350+1.327
5Y2.2491.257+0.992
10Y2.2491.172+1.077
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2. Market Valuation of Equinor 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 Equinor generates.

  • Above 15 is considered overpriced but always compare Equinor to the Oil & Gas Integrated industry mean.
  • A PE ratio of 9.93 means the investor is paying €9.93 for every €1 in earnings.

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

  • The EOD is 7.337. Based on the earnings, the company is cheap. +2
  • The MRQ is 9.932. Based on the earnings, the company is underpriced. +1
  • The TTM is 7.725. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD7.337MRQ9.932-2.595
MRQ9.932TTM7.725+2.206
TTM7.725YOY4.951+2.775
TTM7.7255Y-3.930+11.655
5Y-3.93010Y-3.9300.000
Compared to industry (Oil & Gas Integrated)
PeriodCompanyIndustry (mean)+/- 
EOD7.3376.101+1.236
MRQ9.9326.521+3.411
TTM7.7257.748-0.023
YOY4.9514.868+0.083
5Y-3.9308.501-12.431
10Y-3.93011.357-15.287
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 7.090. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 9.597. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 1.128. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD7.090MRQ9.597-2.508
MRQ9.597TTM1.128+8.469
TTM1.128YOY4.070-2.942
TTM1.1285Y-2.045+3.174
5Y-2.04510Y-2.0450.000
Compared to industry (Oil & Gas Integrated)
PeriodCompanyIndustry (mean)+/- 
EOD7.0905.782+1.308
MRQ9.5975.384+4.213
TTM1.1283.293-2.165
YOY4.0704.445-0.375
5Y-2.0455.175-7.220
10Y-2.0455.443-7.488
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2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Oil & Gas Integrated industry mean).
  • A PB ratio of 2.04 means the investor is paying €2.04 for each €1 in book value.

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

  • The EOD is 1.504. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.036. Based on the equity, the company is underpriced. +1
  • The TTM is 1.847. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.504MRQ2.036-0.532
MRQ2.036TTM1.847+0.189
TTM1.847YOY2.592-0.745
TTM1.8475Y1.822+0.025
5Y1.82210Y1.8220.000
Compared to industry (Oil & Gas Integrated)
PeriodCompanyIndustry (mean)+/- 
EOD1.5041.097+0.407
MRQ2.0361.014+1.022
TTM1.8471.042+0.805
YOY2.5921.024+1.568
5Y1.8221.014+0.808
10Y1.8221.119+0.703
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Equinor 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---0.2130.660-132%0.506-142%0.896-124%0.896-124%
Book Value Per Share--15.23015.915-4%12.013+27%12.173+25%12.173+25%
Current Ratio--1.0591.655-36%1.590-33%1.600-34%1.600-34%
Debt To Asset Ratio--0.6500.645+1%0.728-11%0.688-5%0.688-5%
Debt To Equity Ratio--1.8621.818+2%2.677-30%2.249-17%2.249-17%
Dividend Per Share--0.8170.766+7%0.269+203%0.333+145%0.333+145%
Eps--0.7801.159-33%1.757-56%0.657+19%0.657+19%
Free Cash Flow Per Share--0.8081.200-33%2.223-64%1.231-34%1.231-34%
Free Cash Flow To Equity Per Share---0.653-0.113-83%1.363-148%0.608-208%0.608-208%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--82.186--------
Intrinsic Value_10Y_min--70.384--------
Intrinsic Value_1Y_max--6.297--------
Intrinsic Value_1Y_min--6.184--------
Intrinsic Value_3Y_max--20.398--------
Intrinsic Value_3Y_min--19.444--------
Intrinsic Value_5Y_max--36.280--------
Intrinsic Value_5Y_min--33.547--------
Market Cap67391952000.000-36%91746485085.00089190750690.800+3%99936441195.050-8%71099519073.729+29%71099519073.729+29%
Net Profit Margin--0.0960.145-33%0.160-40%0.055+74%0.055+74%
Operating Margin--0.3200.080+300%0.497-36%0.264+21%0.264+21%
Operating Ratio--1.3151.137+16%0.929+42%1.343-2%1.343-2%
Pb Ratio1.504-35%2.0361.847+10%2.592-21%1.822+12%1.822+12%
Pe Ratio7.337-35%9.9327.725+29%4.951+101%-3.930+140%-3.930+140%
Price Per Share22.900-35%31.00029.300+6%31.250-1%22.494+38%22.494+38%
Price To Free Cash Flow Ratio7.090-35%9.5971.128+751%4.070+136%-2.045+121%-2.045+121%
Price To Total Gains Ratio37.912-35%51.3229.603+434%-28.718+156%48.168+7%48.168+7%
Quick Ratio--1.1651.185-2%0.904+29%0.976+19%0.976+19%
Return On Assets--0.0180.028-37%0.040-55%0.015+20%0.015+20%
Return On Equity--0.0510.080-36%0.145-65%0.050+3%0.050+3%
Total Gains Per Share--0.6041.427-58%0.775-22%1.229-51%1.229-51%
Usd Book Value--48733091618.04052405598522.340-7%41553828121.050+17%41635842981.120+17%41635842981.120+17%
Usd Book Value Change Per Share---0.2300.714-132%0.547-142%0.969-124%0.969-124%
Usd Book Value Per Share--16.46617.208-4%12.988+27%13.162+25%13.162+25%
Usd Dividend Per Share--0.8830.829+7%0.291+203%0.360+145%0.360+145%
Usd Eps--0.8441.253-33%1.900-56%0.710+19%0.710+19%
Usd Free Cash Flow--2584004857.9204014507547.260-36%7711514497.620-66%3745007040.600-31%3745007040.600-31%
Usd Free Cash Flow Per Share--0.8731.297-33%2.404-64%1.331-34%1.331-34%
Usd Free Cash Flow To Equity Per Share---0.707-0.122-83%1.474-148%0.657-208%0.657-208%
Usd Market Cap72864178502.400-36%99196299673.90296433039646.893+3%108051280220.088-8%76872800022.516+29%76872800022.516+29%
Usd Price Per Share24.759-35%33.51731.679+6%33.788-1%24.321+38%24.321+38%
Usd Profit--2497004694.3604294508073.660-42%6054761382.930-59%2337592629.960+7%2337592629.960+7%
Usd Revenue--25924048737.12027961552567.620-7%36821819224.890-30%23006455016.760+13%23006455016.760+13%
Usd Total Gains Per Share--0.6531.542-58%0.838-22%1.328-51%1.328-51%
 EOD+4 -4MRQTTM+7 -28YOY+11 -245Y+21 -1410Y+21 -14

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-157.337
Price to Book Ratio (EOD)Between0-11.504
Net Profit Margin (MRQ)Greater than00.096
Operating Margin (MRQ)Greater than00.320
Quick Ratio (MRQ)Greater than11.165
Current Ratio (MRQ)Greater than11.059
Debt to Asset Ratio (MRQ)Less than10.650
Debt to Equity Ratio (MRQ)Less than11.862
Return on Equity (MRQ)Greater than0.150.051
Return on Assets (MRQ)Greater than0.050.018
Total6/10 (60.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5028.437
Ma 20Greater thanMa 5025.090
Ma 50Greater thanMa 10026.752
Ma 100Greater thanMa 20028.402
OpenGreater thanClose23.500
Total2/5 (40.0%)



Latest Balance Sheet

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

Summary
Total Assets139,430,000
Total Liabilities90,697,000
Total Stockholder Equity48,718,000
 As reported
Total Liabilities 90,697,000
Total Stockholder Equity+ 48,718,000
Total Assets = 139,430,000

Assets

Total Assets139,430,000
Total Current Assets36,679,000
Long-term Assets77,461,000
Total Current Assets
Cash And Cash Equivalents 12,644,000
Short-term Investments 25,290,000
Net Receivables 15,053,000
Other Current Assets 1,848,000
Total Current Assets  (as reported)36,679,000
Total Current Assets  (calculated)54,835,000
+/- 18,156,000
Long-term Assets
Property Plant Equipment 55,930,000
Long Term Investments 5,425,000
Other Assets 10,374,000
Long-term Assets  (as reported)77,461,000
Long-term Assets  (calculated)71,729,000
+/- 5,732,000

Liabilities & Shareholders' Equity

Total Current Liabilities34,623,000
Long-term Liabilities56,074,000
Total Stockholder Equity48,718,000
Total Current Liabilities
Short Long Term Debt 3,978,000
Accounts payable 11,573,000
Other Current Liabilities 17,767,000
Total Current Liabilities  (as reported)34,623,000
Total Current Liabilities  (calculated)33,318,000
+/- 1,305,000
Long-term Liabilities
Long term Debt 22,205,000
Capital Lease Obligations Min Short Term Debt3,588,000
Other Liabilities 31,586,000
Long-term Liabilities Other 1,000
Long-term Liabilities  (as reported)56,074,000
Long-term Liabilities  (calculated)57,380,000
+/- 1,306,000
Total Stockholder Equity
Common Stock1,101,000
Retained Earnings 59,849,000
Other Stockholders Equity -12,232,000
Total Stockholder Equity (as reported)48,718,000
Total Stockholder Equity (calculated)48,718,000
+/-0
Other
Capital Stock1,101,000
Common Stock Shares Outstanding 2,959,564
Net Debt 13,539,000
Net Invested Capital 74,901,000
Net Tangible Assets 42,986,000
Net Working Capital 27,346,000



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-30
> Total Assets 
117,108,000
118,063,000
104,150,000
114,783,000
114,432,000
121,972,000
119,991,000
127,259,000
136,773,000
147,120,000
158,919,000
151,966,000
152,577,000
158,021,000
152,491,000
140,058,000
139,430,000
139,430,000140,058,000152,491,000158,021,000152,577,000151,966,000158,919,000147,120,000136,773,000127,259,000119,991,000121,972,000114,432,000114,783,000104,150,000118,063,000117,108,000
   > Total Current Assets 
24,705,000
24,778,000
22,609,000
28,071,000
28,133,000
32,186,000
33,719,000
39,377,000
50,348,000
62,501,000
75,577,000
77,893,000
80,781,000
78,169,000
74,857,000
60,755,000
36,679,000
36,679,00060,755,00074,857,00078,169,00080,781,00077,893,00075,577,00062,501,00050,348,00039,377,00033,719,00032,186,00028,133,00028,071,00022,609,00024,778,00024,705,000
       Cash And Cash Equivalents 
6,838,000
4,626,000
6,866,000
9,700,000
7,844,000
6,757,000
8,992,000
9,912,000
13,815,000
12,033,000
20,882,000
20,582,000
23,348,000
15,579,000
17,915,000
19,650,000
12,644,000
12,644,00019,650,00017,915,00015,579,00023,348,00020,582,00020,882,00012,033,00013,815,0009,912,0008,992,0006,757,0007,844,0009,700,0006,866,0004,626,0006,838,000
       Short-term Investments 
7,203,000
7,426,000
6,100,000
9,319,000
10,563,000
11,865,000
10,922,000
15,152,000
15,032,000
21,246,000
23,689,000
25,105,000
20,995,000
29,876,000
34,576,000
22,910,000
25,290,000
25,290,00022,910,00034,576,00029,876,00020,995,00025,105,00023,689,00021,246,00015,032,00015,152,00010,922,00011,865,00010,563,0009,319,0006,100,0007,426,0007,203,000
       Net Receivables 
6,917,000
8,233,000
6,301,000
5,489,000
6,108,000
8,232,000
8,692,000
8,564,000
11,695,000
17,927,000
19,938,000
17,741,000
21,204,000
22,452,000
16,229,000
12,340,000
15,053,000
15,053,00012,340,00016,229,00022,452,00021,204,00017,741,00019,938,00017,927,00011,695,0008,564,0008,692,0008,232,0006,108,0005,489,0006,301,0008,233,0006,917,000
       Inventory 
2,501,000
3,363,000
2,095,000
2,974,000
2,860,000
3,084,000
2,917,000
2,548,000
2,994,000
3,395,000
3,504,000
5,257,000
6,395,000
5,205,000
3,192,000
3,786,000
4,834,000
4,834,0003,786,0003,192,0005,205,0006,395,0005,257,0003,504,0003,395,0002,994,0002,548,0002,917,0003,084,0002,860,0002,974,0002,095,0003,363,0002,501,000
   > Long-term Assets 
92,403,000
93,283,000
81,539,000
86,712,000
86,300,000
89,786,000
86,271,000
87,882,000
86,424,000
84,619,000
83,342,000
74,073,000
71,798,000
79,852,000
77,630,000
79,305,000
77,461,000
77,461,00079,305,00077,630,00079,852,00071,798,00074,073,00083,342,00084,619,00086,424,00087,882,00086,271,00089,786,00086,300,00086,712,00081,539,00093,283,00092,403,000
       Property Plant Equipment 
0
69,953,000
59,794,000
63,941,000
62,988,000
65,672,000
63,161,000
65,373,000
64,063,000
62,075,000
62,475,000
54,787,000
52,467,000
56,498,000
55,161,000
57,148,000
55,930,000
55,930,00057,148,00055,161,00056,498,00052,467,00054,787,00062,475,00062,075,00064,063,00065,373,00063,161,00065,672,00062,988,00063,941,00059,794,00069,953,0000
       Goodwill 
0
1,458,000
0
0
0
1,481,000
0
0
0
1,467,000
0
0
0
1,380,000
0
0
0
0001,380,0000001,467,0000001,481,0000001,458,0000
       Long Term Investments 
4,606,000
5,042,000
4,583,000
4,756,000
5,087,000
6,345,000
6,296,000
6,272,000
5,920,000
6,032,000
5,010,000
4,447,000
4,329,000
5,491,000
5,941,000
5,520,000
5,425,000
5,425,0005,520,0005,941,0005,491,0004,329,0004,447,0005,010,0006,032,0005,920,0006,272,0006,296,0006,345,0005,087,0004,756,0004,583,0005,042,0004,606,000
       Intangible Assets 
0
9,280,000
0
0
0
6,667,000
0
0
0
4,986,000
0
0
0
3,778,000
0
0
0
0003,778,0000004,986,0000006,667,0000009,280,0000
       Other Assets 
0
7,552,000
7,019,000
7,698,000
8,557,000
9,621,000
8,665,000
9,408,000
9,680,000
10,060,000
10,132,000
9,532,000
9,890,000
12,705,000
0
0
10,374,000
10,374,0000012,705,0009,890,0009,532,00010,132,00010,060,0009,680,0009,408,0008,665,0009,621,0008,557,0007,698,0007,019,0007,552,0000
> Total Liabilities 
76,109,000
76,904,000
67,804,000
79,173,000
80,324,000
88,080,000
84,209,000
90,218,000
99,739,000
108,096,000
115,668,000
110,740,000
109,863,000
104,032,000
95,321,000
90,328,000
90,697,000
90,697,00090,328,00095,321,000104,032,000109,863,000110,740,000115,668,000108,096,00099,739,00090,218,00084,209,00088,080,00080,324,00079,173,00067,804,00076,904,00076,109,000
   > Total Current Liabilities 
18,533,000
19,557,000
18,395,000
15,982,000
14,996,000
19,820,000
19,041,000
23,098,000
30,272,000
39,138,000
49,662,000
49,030,000
48,890,000
43,806,000
38,486,000
33,202,000
34,623,000
34,623,00033,202,00038,486,00043,806,00048,890,00049,030,00049,662,00039,138,00030,272,00023,098,00019,041,00019,820,00014,996,00015,982,00018,395,00019,557,00018,533,000
       Short Long Term Debt 
4,375,000
4,087,000
5,608,000
5,463,000
5,277,000
5,777,000
2,784,000
3,463,000
2,963,000
5,273,000
5,481,000
5,775,000
5,045,000
4,359,000
4,995,000
4,701,000
3,978,000
3,978,0004,701,0004,995,0004,359,0005,045,0005,775,0005,481,0005,273,0002,963,0003,463,0002,784,0005,777,0005,277,0005,463,0005,608,0004,087,0004,375,000
       Accounts payable 
8,663,000
3,047,000
7,944,000
8,620,000
8,118,000
2,748,000
10,592,000
10,022,000
11,157,000
6,249,000
14,372,000
10,985,000
12,589,000
13,352,000
10,410,000
9,953,000
11,573,000
11,573,0009,953,00010,410,00013,352,00012,589,00010,985,00014,372,0006,249,00011,157,00010,022,00010,592,0002,748,0008,118,0008,620,0007,944,0003,047,0008,663,000
       Other Current Liabilities 
516,000
12,423,000
4,843,000
1,899,000
1,601,000
11,295,000
4,534,000
8,500,000
15,029,000
26,503,000
28,641,000
31,132,000
30,066,000
4,374,000
2,880,000
2,201,000
17,767,000
17,767,0002,201,0002,880,0004,374,00030,066,00031,132,00028,641,00026,503,00015,029,0008,500,0004,534,00011,295,0001,601,0001,899,0004,843,00012,423,000516,000
   > Long-term Liabilities 
57,576,000
57,347,000
49,409,000
63,191,000
65,329,000
68,260,000
65,168,000
67,120,000
69,467,000
68,957,000
66,006,000
61,710,000
60,973,000
60,226,000
56,835,000
57,126,000
56,074,000
56,074,00057,126,00056,835,00060,226,00060,973,00061,710,00066,006,00068,957,00069,467,00067,120,00065,168,00068,260,00065,329,00063,191,00049,409,00057,347,00057,576,000
       Long term Debt 
24,401,000
24,945,000
22,912,000
31,647,000
32,193,000
32,338,000
27,991,000
28,112,000
27,832,000
27,405,000
24,984,000
24,062,000
23,500,000
24,141,000
22,403,000
22,422,000
22,205,000
22,205,00022,422,00022,403,00024,141,00023,500,00024,062,00024,984,00027,405,00027,832,00028,112,00027,991,00032,338,00032,193,00031,647,00022,912,00024,945,00024,401,000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
4,406,000
4,137,000
3,909,000
3,755,000
3,562,000
3,677,000
3,456,000
3,483,000
3,668,000
3,734,000
3,472,000
3,588,000
3,588,0003,472,0003,734,0003,668,0003,483,0003,456,0003,677,0003,562,0003,755,0003,909,0004,137,0004,406,00000000
       Other Liabilities 
0
32,402,000
26,497,000
31,544,000
33,135,000
35,922,000
34,171,000
36,212,000
39,003,000
39,105,000
38,512,000
35,329,000
35,180,000
0
0
0
31,586,000
31,586,00000035,180,00035,329,00038,512,00039,105,00039,003,00036,212,00034,171,00035,922,00033,135,00031,544,00026,497,00032,402,0000
       Long-term Liabilities Other 
1,000
1,000
1,000
1,000
2,000
-1,000
1,000
-1,000
0
-3,000
-1,000
2,000
1,000
-1,000
1,000
-3,000
1,000
1,000-3,0001,000-1,0001,0002,000-1,000-3,0000-1,0001,000-1,0002,0001,0001,0001,0001,000
> Total Stockholder Equity
40,983,000
41,139,000
36,327,000
35,587,000
34,084,000
33,873,000
35,764,000
37,023,000
37,018,000
39,010,000
43,233,000
41,206,000
42,706,000
53,988,000
57,165,000
49,719,000
48,718,000
48,718,00049,719,00057,165,00053,988,00042,706,00041,206,00043,233,00039,010,00037,018,00037,023,00035,764,00033,873,00034,084,00035,587,00036,327,00041,139,00040,983,000
   Common Stock
0
1,185,000
1,185,000
1,185,000
1,164,000
1,164,000
1,164,000
1,164,000
1,164,000
1,164,000
1,164,000
1,142,000
1,142,000
1,142,000
0
0
1,101,000
1,101,000001,142,0001,142,0001,142,0001,164,0001,164,0001,164,0001,164,0001,164,0001,164,0001,164,0001,185,0001,185,0001,185,0000
   Retained Earnings 
38,523,000
37,480,000
36,852,000
35,443,000
33,056,000
30,051,000
31,992,000
33,136,000
33,984,000
36,683,000
41,068,000
45,295,000
50,888,000
58,236,000
63,236,000
60,001,000
59,849,000
59,849,00060,001,00063,236,00058,236,00050,888,00045,295,00041,068,00036,683,00033,984,00033,136,00031,992,00030,051,00033,056,00035,443,00036,852,00037,480,00038,523,000
   Capital Surplus 00000000000000000
   Treasury Stock00000000000000000
   Other Stockholders Equity -12,232,00000-8,431,000-12,971,000-9,483,000-5,073,000-5,245,000-4,871,000-4,121,000-4,240,000-4,194,000-6,991,000-7,879,000-9,439,000-5,258,0000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue111,846,000
Cost of Revenue-56,220,000
Gross Profit55,626,00055,626,000
 
Operating Income (+$)
Gross Profit55,626,000
Operating Expense-69,116,000
Operating Income42,730,000-13,490,000
 
Operating Expense (+$)
Research Development-
Selling General Administrative1,092,000
Selling And Marketing Expenses-
Operating Expense69,116,0001,092,000
 
Net Interest Income (+$)
Interest Income-
Interest Expense-1,292,000
Other Finance Cost-1,110,000
Net Interest Income-182,000
 
Pretax Income (+$)
Operating Income42,730,000
Net Interest Income-182,000
Other Non-Operating Income Expenses-
Income Before Tax (EBT)43,016,00042,263,000
EBIT - interestExpense = -1,292,000
17,177,000
18,469,000
Interest Expense1,292,000
Earnings Before Interest and Taxes (EBIT)-44,308,000
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax43,016,000
Tax Provision-25,823,000
Net Income From Continuing Ops17,193,00017,193,000
Net Income17,177,000
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net467,000182,000
 

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

Indicator phases

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

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

1. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of Equinor 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: 24.67 < 24.67 < 25.50.

The bearish price targets are: 22.56.

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Equinor 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 Equinor ASA. The current mas is .

The long score for the Moving Averages is 1/14.
The longshort score for the Moving Averages is -12/(-14 +14).

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

Directionalities and relatives.

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

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

Equinor 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 Equinor ASA. The current macd is -1.09365003.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-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 Equinor price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Equinor. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Equinor price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending 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
Equinor ASA Daily Moving Average Convergence/Divergence (MACD) ChartEquinor 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 Equinor ASA. The current adx is 23.88.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Equinor shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1
Equinor 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 Equinor ASA. The current sar is 25.22.

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
Equinor ASA Daily Parabolic SAR Chart
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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 Equinor ASA. The current rsi is 28.44. The current phase is Oversold in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Oversold in bear market: Short-term excessive selling, potential for relief rally. Be cautious, consider taking short-term long positions. +1
  • Trending down: The RSI is trending down. -1
Equinor ASA Daily Relative Strength Index (RSI) ChartEquinor 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 Equinor ASA. The current phase is Oversold in bear 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 Equinor price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Equinor ASA Daily Stochastic Oscillator ChartEquinor 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 Equinor ASA. The current cci is -99.16543937.

Equinor ASA Daily Commodity Channel Index (CCI) ChartEquinor 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 Equinor ASA. The current cmo is -47.00603707.

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
Equinor ASA Daily Chande Momentum Oscillator (CMO) ChartEquinor 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 Equinor ASA. The current willr is -97.56097561.

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
Equinor ASA Daily Williams %R ChartEquinor ASA Daily Williams %R Chart
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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 Equinor ASA.

Equinor 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 Equinor ASA. The current atr is 0.54021734.

Equinor ASA Daily Average True Range (ATR) ChartEquinor ASA Daily Average True Range (ATR) Chart
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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 Equinor ASA. The current obv is 76,869.

Equinor ASA Daily On-Balance Volume (OBV) ChartEquinor 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 Equinor ASA. The current mfi is 31.62.

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

  • MFI < 50: -1
Equinor ASA Daily Money Flow Index (MFI) ChartEquinor ASA Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Equinor 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
2023-10-02 00:00:00ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-03 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-04 00:00:00CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-05 00:00:00DMI 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.
2023-10-06 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-10-09 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-10-10 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-10-11 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-12 00:00:00WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-10-13 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-10-16 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-23 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-24 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-10-25 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-26 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-10-27 00:00:00CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-10-30 00:00:00CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-10-31 00:00:00CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-02 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-03 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-07 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-09 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-13 00:00:00DMI 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.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-14 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-17 00:00:00CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-20 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-21 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-23 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-27 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29 00:00:00CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-01 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-04 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH 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).
2023-12-05 00:00:00ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-07 00:00:00RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2023-12-08 00:00:00ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-11 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-12 00:00:00CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-13 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-14 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-15 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI 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.
2023-12-18 00:00:00DMI 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).
2023-12-19 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-20 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-21 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22 00:00:00CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-27 00:00:00WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-28 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-02 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-03 00:00:00CCI 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).
2024-01-05 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08 00:00:00CMO 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).
2024-01-09 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-10 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-15 00:00:00STOCH 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).
2024-01-22 00:00:00RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-01-23 00:00:00MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-26 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-29 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-30 00:00:00CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-31 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-05 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-06 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-07 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH 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).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-08 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-12 00:00:00RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-13 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-14 00:00:00ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-15 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-16 00:00:00RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-02-20 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Equinor ASA Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5028.437
Ma 20Greater thanMa 5025.090
Ma 50Greater thanMa 10026.752
Ma 100Greater thanMa 20028.402
OpenGreater thanClose23.500
Total2/5 (40.0%)
Penke

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