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Elia Group SA/NV
Buy, Hold or Sell?

Let's analyse Elia Group SA/NV together

PenkeI guess you are interested in Elia Group SA/NV. 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 Elia Group SA/NV. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Elia Group SA/NV (30 sec.)










What can you expect buying and holding a share of Elia Group SA/NV? (30 sec.)

How much money do you get?

How much money do you get?
€8.26
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
€68.04
Expected worth in 1 year
€53.49
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
€-6.91
Return On Investment
-6.9%

For what price can you sell your share?

Current Price per Share
€100.00
Expected price per share
€94.25 - €107.60
How sure are you?
50%

1. Valuation of Elia Group SA/NV (5 min.)




Live pricePrice per Share (EOD)

€100.00

Intrinsic Value Per Share

€-414.43 - €-223.08

Total Value Per Share

€-346.39 - €-155.04

2. Growth of Elia Group SA/NV (5 min.)




Is Elia Group SA/NV growing?

Current yearPrevious yearGrowGrow %
How rich?$5.4b$5.6b-$289.2m-5.3%

How much money is Elia Group SA/NV making?

Current yearPrevious yearGrowGrow %
Making money$350.9m$390.4m-$39.5m-11.3%
Net Profit Margin8.4%10.0%--

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

3. Financial Health of Elia Group SA/NV (5 min.)




What can you expect buying and holding a share of Elia Group SA/NV? (5 min.)

Welcome investor! Elia Group SA/NV's management wants to use your money to grow the business. In return you get a share of Elia Group SA/NV.

What can you expect buying and holding a share of Elia Group SA/NV?

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

Speculation

The Price per Share of Elia Group SA/NV is €100.00. 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 Elia Group SA/NV.
  • 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 Elia Group SA/NV, 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 €68.04. Based on the TTM, the Book Value Change Per Share is €-3.64 per quarter. Based on the YOY, the Book Value Change Per Share is €12.04 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 €1.91 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Elia Group SA/NV.

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 Eps4.774.8%4.774.8%5.035.0%4.264.3%3.673.7%
Usd Book Value Change Per Share-3.93-3.9%-3.93-3.9%13.0213.0%3.693.7%4.114.1%
Usd Dividend Per Share2.072.1%2.072.1%1.771.8%1.751.8%1.581.6%
Usd Total Gains Per Share-1.87-1.9%-1.87-1.9%14.7914.8%5.445.4%5.695.7%
Usd Price Per Share122.56-122.56-143.65-116.48-83.90-
Price to Earnings Ratio25.67-25.67-28.57-27.32-22.07-
Price-to-Total Gains Ratio-65.58--65.58-9.71-14.02-13.90-
Price to Book Ratio1.67-1.67-1.85-1.77-1.53-
Price-to-Total Gains Ratio-65.58--65.58-9.71-14.02-13.90-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share108.17
Number of shares9
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share2.071.75
Usd Book Value Change Per Share-3.933.69
Usd Total Gains Per Share-1.875.44
Gains per Quarter (9 shares)-16.8248.95
Gains per Year (9 shares)-67.28195.81
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
174-142-7763133186
2149-283-144126265382
3223-425-211189398578
4298-567-278252531774
5372-708-345315664970
6446-850-4123797961166
7521-992-4794429291362
8595-1133-54650510621558
9669-1275-61356811941754
10744-1417-68063113271950

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 Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%22.00.00.0100.0%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%3.02.00.060.0%8.02.00.080.0%19.03.00.086.4%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%20.00.02.090.9%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%9.01.00.090.0%21.01.00.095.5%

Fundamentals of Elia Group SA/NV

About Elia Group SA/NV

Elia Group SA/NV develops, builds, and operates as a transmission system operator for the electricity network in Belgium and internationally. It provides electricity transmission services; transmits electricity from generators; imports and exports electricity; and offers consultancy and engineering services. The company primarily serves electricity generators, distribution system operators, and industrial consumers. Elia Group SA/NV is headquartered in Brussels, Belgium.

Fundamental data was last updated by Penke on 2024-03-19 05:42:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a 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 efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is unable 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 overpriced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Elia Group SA/NV.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Elia Group SA/NV earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Elia Group SA/NV to the Utilities - Regulated Electric industry mean.
  • A Net Profit Margin of 8.4% means that €0.08 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Elia Group SA/NV:

  • The MRQ is 8.4%. The company is making a profit. +1
  • The TTM is 8.4%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ8.4%TTM8.4%0.0%
TTM8.4%YOY10.0%-1.5%
TTM8.4%5Y10.9%-2.4%
5Y10.9%10Y16.9%-6.0%
1.1.2. Return on Assets

Shows how efficient Elia Group SA/NV is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Elia Group SA/NV to the Utilities - Regulated Electric industry mean.
  • 1.7% Return on Assets means that Elia Group SA/NV generated €0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Elia Group SA/NV:

  • The MRQ is 1.7%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.7%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.7%TTM1.7%0.0%
TTM1.7%YOY1.7%-0.1%
TTM1.7%5Y1.7%-0.1%
5Y1.7%10Y2.3%-0.6%
1.1.3. Return on Equity

Shows how efficient Elia Group SA/NV is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Elia Group SA/NV to the Utilities - Regulated Electric industry mean.
  • 7.1% Return on Equity means Elia Group SA/NV generated €0.07 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Elia Group SA/NV:

  • The MRQ is 7.1%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 7.1%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ7.1%TTM7.1%0.0%
TTM7.1%YOY7.8%-0.7%
TTM7.1%5Y7.7%-0.6%
5Y7.7%10Y7.9%-0.2%

1.2. Operating Efficiency of Elia Group SA/NV.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Elia Group SA/NV is operating .

  • Measures how much profit Elia Group SA/NV 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 Elia Group SA/NV to the Utilities - Regulated Electric industry mean.
  • An Operating Margin of 19.4% means the company generated €0.19  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Elia Group SA/NV:

  • The MRQ is 19.4%. The company is operating efficient. +1
  • The TTM is 19.4%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ19.4%TTM19.4%0.0%
TTM19.4%YOY5.1%+14.2%
TTM19.4%5Y16.2%+3.2%
5Y16.2%10Y26.8%-10.6%
1.2.2. Operating Ratio

Measures how efficient Elia Group SA/NV is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Utilities - Regulated Electric industry mean).
  • An Operation Ratio of 0.81 means that the operating costs are €0.81 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Elia Group SA/NV:

  • The MRQ is 0.806. The company is less efficient in keeping operating costs low.
  • The TTM is 0.806. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.806TTM0.8060.000
TTM0.806YOY0.949-0.142
TTM0.8065Y0.838-0.032
5Y0.83810Y0.804+0.034

1.3. Liquidity of Elia Group SA/NV.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Elia Group SA/NV is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Utilities - Regulated Electric industry mean).
  • A Current Ratio of 0.67 means the company has €0.67 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Elia Group SA/NV:

  • The MRQ is 0.670. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.670. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.670TTM0.6700.000
TTM0.670YOY0.895-0.225
TTM0.6705Y0.725-0.055
5Y0.72510Y0.709+0.016
1.3.2. Quick Ratio

Measures if Elia Group SA/NV is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Elia Group SA/NV to the Utilities - Regulated Electric industry mean.
  • A Quick Ratio of 0.65 means the company can pay off €0.65 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Elia Group SA/NV:

  • The MRQ is 0.655. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.655. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.655TTM0.6550.000
TTM0.655YOY0.926-0.271
TTM0.6555Y0.730-0.076
5Y0.73010Y0.674+0.056

1.4. Solvency of Elia Group SA/NV.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Elia Group SA/NV assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Elia Group SA/NV to Utilities - Regulated Electric industry mean.
  • A Debt to Asset Ratio of 0.74 means that Elia Group SA/NV assets are financed with 74.2% credit (debt) and the remaining percentage (100% - 74.2%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Elia Group SA/NV:

  • The MRQ is 0.742. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.742. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.742TTM0.7420.000
TTM0.742YOY0.747-0.005
TTM0.7425Y0.747-0.004
5Y0.74710Y0.688+0.058
1.4.2. Debt to Equity Ratio

Measures if Elia Group SA/NV is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Elia Group SA/NV to the Utilities - Regulated Electric industry mean.
  • A Debt to Equity ratio of 314.7% means that company has €3.15 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Elia Group SA/NV:

  • The MRQ is 3.147. The company is unable to pay all its debts with equity. -1
  • The TTM is 3.147. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ3.147TTM3.1470.000
TTM3.147YOY3.371-0.224
TTM3.1475Y3.310-0.163
5Y3.31010Y2.559+0.751

2. Market Valuation of Elia Group SA/NV

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 Elia Group SA/NV generates.

  • Above 15 is considered overpriced but always compare Elia Group SA/NV to the Utilities - Regulated Electric industry mean.
  • A PE ratio of 25.67 means the investor is paying €25.67 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Elia Group SA/NV:

  • The EOD is 22.660. Based on the earnings, the company is fair priced.
  • The MRQ is 25.673. Based on the earnings, the company is overpriced. -1
  • The TTM is 25.673. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD22.660MRQ25.673-3.014
MRQ25.673TTM25.6730.000
TTM25.673YOY28.568-2.895
TTM25.6735Y27.316-1.642
5Y27.31610Y22.068+5.247
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Elia Group SA/NV:

  • The EOD is -1.935. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -2.192. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -2.192. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-1.935MRQ-2.192+0.257
MRQ-2.192TTM-2.1920.000
TTM-2.192YOY-69.777+67.586
TTM-2.1925Y-15.630+13.438
5Y-15.63010Y-519.839+504.209
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Elia Group SA/NV is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Utilities - Regulated Electric industry mean).
  • A PB ratio of 1.67 means the investor is paying €1.67 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Elia Group SA/NV:

  • The EOD is 1.470. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.665. Based on the equity, the company is underpriced. +1
  • The TTM is 1.665. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.470MRQ1.665-0.195
MRQ1.665TTM1.6650.000
TTM1.665YOY1.853-0.188
TTM1.6655Y1.774-0.109
5Y1.77410Y1.534+0.240
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Elia Group SA/NV 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---3.638-3.6380%12.035-130%3.408-207%3.799-196%
Book Value Per Share--68.04068.0400%71.678-5%60.539+12%48.776+39%
Current Ratio--0.6700.6700%0.895-25%0.725-8%0.709-6%
Debt To Asset Ratio--0.7420.7420%0.747-1%0.747-1%0.688+8%
Debt To Equity Ratio--3.1473.1470%3.371-7%3.310-5%2.559+23%
Dividend Per Share--1.9101.9100%1.637+17%1.620+18%1.458+31%
Eps--4.4134.4130%4.648-5%3.936+12%3.392+30%
Free Cash Flow Per Share---51.692-51.6920%-1.903-96%-11.188-78%-5.928-89%
Free Cash Flow To Equity Per Share---37.906-37.9060%13.401-383%-1.679-96%0.052-73620%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---223.080--------
Intrinsic Value_10Y_min---414.435--------
Intrinsic Value_1Y_max---9.132--------
Intrinsic Value_1Y_min---19.030--------
Intrinsic Value_3Y_max---37.515--------
Intrinsic Value_3Y_min---77.004--------
Intrinsic Value_5Y_max---78.047--------
Intrinsic Value_5Y_min---156.262--------
Market Cap7350790400.000-13%8328445523.2008328445523.2000%9761849651.200-15%7915335513.194+5%5701459744.316+46%
Net Profit Margin--0.0840.0840%0.100-15%0.109-22%0.169-50%
Operating Margin--0.1940.1940%0.051+277%0.162+20%0.268-28%
Operating Ratio--0.8060.8060%0.949-15%0.838-4%0.804+0%
Pb Ratio1.470-13%1.6651.6650%1.853-10%1.774-6%1.534+9%
Pe Ratio22.660-13%25.67325.6730%28.568-10%27.316-6%22.068+16%
Price Per Share100.000-13%113.300113.3000%132.800-15%107.680+5%77.563+46%
Price To Free Cash Flow Ratio-1.935+12%-2.192-2.1920%-69.777+3084%-15.630+613%-519.839+23617%
Price To Total Gains Ratio-57.880+12%-65.578-65.5780%9.713-775%14.019-568%13.901-572%
Quick Ratio--0.6550.6550%0.926-29%0.730-10%0.674-3%
Return On Assets--0.0170.0170%0.017-3%0.017-4%0.023-29%
Return On Equity--0.0710.0710%0.078-9%0.077-8%0.079-10%
Total Gains Per Share---1.728-1.7280%13.672-113%5.028-134%5.257-133%
Usd Book Value--5410122550.0005410122550.0000%5699369130.000-5%4813673170.000+12%3878337997.000+39%
Usd Book Value Change Per Share---3.935-3.9350%13.019-130%3.687-207%4.109-196%
Usd Book Value Per Share--73.59973.5990%77.534-5%65.485+12%52.761+39%
Usd Dividend Per Share--2.0662.0660%1.770+17%1.753+18%1.578+31%
Usd Eps--4.7744.7740%5.028-5%4.257+12%3.669+30%
Usd Free Cash Flow---4110243660.000-4110243660.0000%-151329830.000-96%-889568446.000-78%-471361592.000-89%
Usd Free Cash Flow Per Share---55.916-55.9160%-2.059-96%-12.102-78%-6.412-89%
Usd Free Cash Flow To Equity Per Share---41.003-41.0030%14.496-383%-1.816-96%0.056-73620%
Usd Market Cap7951349975.680-13%9008879522.4459008879522.4450%10559392767.703-15%8562018424.622+5%6167269005.427+46%
Usd Price Per Share108.170-13%122.557122.5570%143.650-15%116.478+5%83.899+46%
Usd Profit--350903480.000350903480.0000%390493700.000-10%329615624.000+6%280939124.000+25%
Usd Revenue--4156540420.0004156540420.0000%3911427200.000+6%3128665812.000+33%2107032613.000+97%
Usd Total Gains Per Share---1.869-1.8690%14.789-113%5.439-134%5.687-133%
 EOD+4 -4MRQTTM+0 -0YOY+10 -255Y+18 -1710Y+12 -23

3.2. Fundamental Score

Let's check the fundamental score of Elia Group SA/NV based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1522.660
Price to Book Ratio (EOD)Between0-11.470
Net Profit Margin (MRQ)Greater than00.084
Operating Margin (MRQ)Greater than00.194
Quick Ratio (MRQ)Greater than10.655
Current Ratio (MRQ)Greater than10.670
Debt to Asset Ratio (MRQ)Less than10.742
Debt to Equity Ratio (MRQ)Less than13.147
Return on Equity (MRQ)Greater than0.150.071
Return on Assets (MRQ)Greater than0.050.017
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Elia Group SA/NV based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5048.197
Ma 20Greater thanMa 5099.823
Ma 50Greater thanMa 100103.927
Ma 100Greater thanMa 200104.817
OpenGreater thanClose97.700
Total1/5 (20.0%)



Reversals in quarterly reports

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

 2019-12-312020-12-312021-12-312022-12-312023-12-31
Accumulated Other Comprehensive Income  166,0003,700169,700200,400370,100-77,900292,200-390,800-98,600
Long-term Assets Other  -2,351,000600-2,350,4003,600-2,346,800-5,500-2,352,3002,665,400313,100



Latest Balance Sheet

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

Summary
Total Assets19,390,100
Total Liabilities14,388,600
Total Stockholder Equity4,572,600
 As reported
Total Liabilities 14,388,600
Total Stockholder Equity+ 4,572,600
Total Assets = 19,390,100

Assets

Total Assets19,390,100
Total Current Assets2,570,000
Long-term Assets16,820,100
Total Current Assets
Cash And Cash Equivalents 1,368,100
Short-term Investments 7,200
Net Receivables 1,130,600
Inventory 42,700
Other Current Assets 21,400
Total Current Assets  (as reported)2,570,000
Total Current Assets  (calculated)2,570,000
+/-0
Long-term Assets
Property Plant Equipment 13,648,700
Goodwill 2,411,100
Long-term Assets Other 313,100
Long-term Assets  (as reported)16,820,100
Long-term Assets  (calculated)16,372,900
+/- 447,200

Liabilities & Shareholders' Equity

Total Current Liabilities3,837,800
Long-term Liabilities10,550,800
Total Stockholder Equity4,572,600
Total Current Liabilities
Short-term Debt 755,200
Accounts payable 2,149,400
Other Current Liabilities 927,900
Total Current Liabilities  (as reported)3,837,800
Total Current Liabilities  (calculated)3,832,500
+/- 5,300
Long-term Liabilities
Long-term Liabilities  (as reported)10,550,800
Long-term Liabilities  (calculated)0
+/- 10,550,800
Total Stockholder Equity
Common Stock1,823,300
Retained Earnings 1,930,900
Accumulated Other Comprehensive Income -98,600
Other Stockholders Equity 917,000
Total Stockholder Equity (as reported)4,572,600
Total Stockholder Equity (calculated)4,572,600
+/-0
Other
Cash and Short Term Investments 1,375,300
Current Deferred Revenue5,300
Liabilities and Stockholders Equity 19,390,100
Net Debt 9,157,800
Net Working Capital -1,267,800
Short Long Term Debt Total 10,525,900



Balance Sheet

All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-31
> Total Assets 
3,560,829
3,721,222
3,789,500
3,855,800
3,898,100
3,977,900
4,228,100
4,420,000
5,904,000
5,843,800
6,187,000
6,532,200
5,697,000
6,435,500
6,241,600
6,596,500
13,754,300
14,056,600
15,327,600
18,330,500
20,836,200
19,390,100
19,390,10020,836,20018,330,50015,327,60014,056,60013,754,3006,596,5006,241,6006,435,5005,697,0006,532,2006,187,0005,843,8005,904,0004,420,0004,228,1003,977,9003,898,1003,855,8003,789,5003,721,2223,560,829
   > Total Current Assets 
215,640
302,331
256,500
220,400
214,700
234,700
290,000
443,400
909,900
698,700
816,500
869,900
504,800
1,128,900
587,700
503,200
2,391,500
1,502,600
2,121,600
4,258,700
5,627,300
2,570,000
2,570,0005,627,3004,258,7002,121,6001,502,6002,391,500503,200587,7001,128,900504,800869,900816,500698,700909,900443,400290,000234,700214,700220,400256,500302,331215,640
       Cash And Cash Equivalents 
2,580
16,235
59,100
49,400
45,000
50,300
27,300
174,600
366,000
385,600
166,200
437,700
171,100
626,400
176,600
195,200
1,789,300
975,000
590,100
3,049,500
4,151,200
1,368,100
1,368,1004,151,2003,049,500590,100975,0001,789,300195,200176,600626,400171,100437,700166,200385,600366,000174,60027,30050,30045,00049,40059,10016,2352,580
       Short-term Investments 
44,900
55,614
47,233
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-2,300
-61,300
316,200
219,700
7,200
7,200219,700316,200-61,300-2,3000000000000000047,23355,61444,900
       Net Receivables 
129,553
153,067
98,495
99,600
153,600
166,800
242,900
215,600
520,100
291,600
630,400
406,700
307,800
208,100
382,400
284,900
422,000
493,600
1,478,800
870,300
1,233,000
1,130,600
1,130,6001,233,000870,3001,478,800493,600422,000284,900382,400208,100307,800406,700630,400291,600520,100215,600242,900166,800153,60099,60098,495153,067129,553
       Inventory 
15,688
15,822
13,600
12,600
12,900
13,200
13,700
13,700
14,500
16,300
15,000
16,400
14,800
24,200
22,600
13,600
19,200
24,300
39,000
21,600
21,600
42,700
42,70021,60021,60039,00024,30019,20013,60022,60024,20014,80016,40015,00016,30014,50013,70013,70013,20012,90012,60013,60015,82215,688
   > Long-term Assets 
3,345,189
3,418,891
3,533,000
3,635,400
3,683,400
3,743,200
3,938,100
3,976,600
4,994,100
5,145,100
5,370,500
5,662,300
5,192,200
5,306,600
5,653,900
6,093,300
11,362,800
12,554,000
13,206,000
14,071,800
15,208,900
16,820,100
16,820,10015,208,90014,071,80013,206,00012,554,00011,362,8006,093,3005,653,9005,306,6005,192,2005,662,3005,370,5005,145,1004,994,1003,976,6003,938,1003,743,2003,683,4003,635,4003,533,0003,418,8913,345,189
       Property Plant Equipment 
3,342,651
3,412,627
1,797,300
1,891,300
1,943,300
1,993,200
2,060,400
2,089,600
3,010,900
3,150,500
3,319,300
3,629,800
2,478,900
2,687,200
2,956,500
3,202,400
8,456,200
9,445,600
10,094,400
10,859,500
11,844,700
13,648,700
13,648,70011,844,70010,859,50010,094,4009,445,6008,456,2003,202,4002,956,5002,687,2002,478,9003,629,8003,319,3003,150,5003,010,9002,089,6002,060,4001,993,2001,943,3001,891,3001,797,3003,412,6273,342,651
       Goodwill 
0
0
1,707,800
1,707,800
1,707,800
1,707,800
1,707,800
1,707,800
1,707,800
1,707,900
1,707,800
1,707,800
1,707,800
1,707,800
1,707,800
1,707,800
2,411,100
2,411,100
2,411,100
2,411,100
2,411,100
2,411,100
2,411,1002,411,1002,411,1002,411,1002,411,1002,411,1001,707,8001,707,8001,707,8001,707,8001,707,8001,707,8001,707,9001,707,8001,707,8001,707,8001,707,8001,707,8001,707,8001,707,80000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
706,700
731,800
793,600
832,600
928,800
163,100
431,700
0
0
0
0
0000431,700163,100928,800832,600793,600731,800706,70000000000000
       Intangible Assets 
0
0
1,500
1,713,400
1,718,300
1,722,700
1,727,000
1,730,100
1,751,100
1,753,600
49,200
50,600
27,200
26,800
28,000
30,800
91,200
2,507,500
2,516,500
2,559,700
2,621,600
0
02,621,6002,559,7002,516,5002,507,50091,20030,80028,00026,80027,20050,60049,2001,753,6001,751,1001,730,1001,727,0001,722,7001,718,3001,713,4001,50000
       Other Assets 
72
73
369
30,200
21,300
19,200
140,100
147,500
136,800
139,100
183,100
161,300
233,200
1,700
129,000
209,300
241,200
66,100
12,500
48,800
105,000
0
0105,00048,80012,50066,100241,200209,300129,0001,700233,200161,300183,100139,100136,800147,500140,10019,20021,30030,2003697372
> Total Liabilities 
2,497,111
2,637,209
2,728,000
2,573,100
2,589,500
2,638,000
2,878,400
3,052,900
3,896,800
3,796,900
4,078,500
4,323,100
3,411,100
4,021,100
3,729,000
3,954,700
10,005,400
10,342,100
11,446,200
13,946,300
15,567,300
14,388,600
14,388,60015,567,30013,946,30011,446,20010,342,10010,005,4003,954,7003,729,0004,021,1003,411,1004,323,1004,078,5003,796,9003,896,8003,052,9002,878,4002,638,0002,589,5002,573,1002,728,0002,637,2092,497,111
   > Total Current Liabilities 
1,091,244
1,621,309
657,700
237,800
287,000
292,400
1,103,600
248,200
685,800
593,400
1,428,300
1,477,500
599,900
1,290,800
1,001,000
970,200
3,716,400
3,636,400
2,842,000
4,734,600
6,289,800
3,837,800
3,837,8006,289,8004,734,6002,842,0003,636,4003,716,400970,2001,001,0001,290,800599,9001,477,5001,428,300593,400685,800248,2001,103,600292,400287,000237,800657,7001,621,3091,091,244
       Short-term Debt 
902,654
902,654
344,600
0
0
0
804,300
100
100
0
725,900
573,500
63,900
604,300
147,500
49,500
621,000
1,056,300
734,500
117,600
785,300
755,200
755,200785,300117,600734,5001,056,300621,00049,500147,500604,30063,900573,500725,9000100100804,300000344,600902,654902,654
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
2,898,600
63,900
604,300
147,500
49,500
621,000
1,105,100
793,700
158,700
853,900
0
0853,900158,700793,7001,105,100621,00049,500147,500604,30063,9002,898,60000000000000
       Accounts payable 
78,554
80,984
83,300
79,400
116,600
201,100
281,700
233,900
448,800
366,100
223,700
227,100
198,800
199,900
288,000
220,800
602,400
542,800
648,800
905,300
1,279,000
2,149,400
2,149,4001,279,000905,300648,800542,800602,400220,800288,000199,900198,800227,100223,700366,100448,800233,900281,700201,100116,60079,40083,30080,98478,554
       Other Current Liabilities 
110,036
637,671
229,800
158,400
170,400
91,300
17,600
14,200
236,900
227,300
478,700
676,900
337,200
486,600
565,500
699,900
2,493,000
1,981,300
1,443,900
3,683,700
4,197,700
927,900
927,9004,197,7003,683,7001,443,9001,981,3002,493,000699,900565,500486,600337,200676,900478,700227,300236,90014,20017,60091,300170,400158,400229,800637,671110,036
   > Long-term Liabilities 
1,405,867
1,015,900
2,070,300
2,335,300
2,302,500
2,345,600
1,774,800
2,804,700
3,211,000
3,203,500
2,650,200
2,845,600
2,811,200
2,730,300
2,728,000
2,984,500
6,289,000
6,705,700
8,604,200
9,211,700
9,277,500
10,550,800
10,550,8009,277,5009,211,7008,604,2006,705,7006,289,0002,984,5002,728,0002,730,3002,811,2002,845,6002,650,2003,203,5003,211,0002,804,7001,774,8002,345,6002,302,5002,335,3002,070,3001,015,9001,405,867
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
2,605,400
2,586,400
2,834,700
5,773,800
5,378,900
0
0
0
0
00005,378,9005,773,8002,834,7002,586,4002,605,4000000000000000
       Long term Debt 
1,348,207
989,596
1,880,899
2,129,500
2,119,800
2,190,300
1,593,500
2,618,900
2,917,300
2,918,500
2,351,100
2,598,000
2,646,400
2,605,400
2,586,400
2,834,700
5,773,800
5,304,200
7,177,200
7,658,200
7,638,600
0
07,638,6007,658,2007,177,2005,304,2005,773,8002,834,7002,586,4002,605,4002,646,4002,598,0002,351,1002,918,5002,917,3002,618,9001,593,5002,190,3002,119,8002,129,5001,880,899989,5961,348,207
       Capital Lease Obligations 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
88,800
84,200
118,800
90,200
0
090,200118,80084,20088,80000000000000000000
       Other Liabilities 
57,660
26,304
28,692
201,800
178,100
150,000
174,800
179,100
200,400
217,400
233,100
214,800
159,100
106,900
132,200
213,200
512,300
541,500
574,000
729,600
807,800
0
0807,800729,600574,000541,500512,300213,200132,200106,900159,100214,800233,100217,400200,400179,100174,800150,000178,100201,80028,69226,30457,660
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,100
3,800
216,200
84,300
1,000
900
1,800
0
01,8009001,00084,300216,2003,8005,10000000000000000
> Total Stockholder Equity
1,063,718
1,084,013
1,061,500
1,281,600
1,307,500
1,338,600
1,348,100
1,365,400
2,007,200
2,046,900
2,108,500
2,209,100
2,285,100
2,413,600
2,511,400
2,640,700
3,447,500
3,320,800
3,471,700
3,850,600
4,618,300
4,572,600
4,572,6004,618,3003,850,6003,471,7003,320,8003,447,5002,640,7002,511,4002,413,6002,285,1002,209,1002,108,5002,046,9002,007,2001,365,4001,348,1001,338,6001,307,5001,281,6001,061,5001,084,0131,063,718
   Common Stock
1,049,491
1,049,491
1,049,500
1,196,900
1,196,900
1,201,700
1,202,100
1,207,300
1,500,600
1,500,600
1,506,500
1,506,900
1,512,400
1,512,800
1,517,200
1,517,600
1,521,500
1,705,900
1,709,100
1,709,200
1,823,100
1,823,300
1,823,3001,823,1001,709,2001,709,1001,705,9001,521,5001,517,6001,517,2001,512,8001,512,4001,506,9001,506,5001,500,6001,500,6001,207,3001,202,1001,201,7001,196,9001,196,9001,049,5001,049,4911,049,491
   Retained Earnings Total Equity0000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
166,000
169,700
370,100
292,200
-98,600
-98,600292,200370,100169,700166,00000000000000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
10,000
11,800
11,900
14,300
259,100
0
0
0
0
0000259,10014,30011,90011,80010,0000000000000000
   Treasury Stock0000000000000000000000
   Other Stockholders Equity 
14,227
34,522
8,100
7,400
21,600
30,500
13,500
25,900
39,200
52,800
68,200
87,900
109,600
136,800
178,600
184,900
887,300
259,100
262,400
262,100
736,800
917,000
917,000736,800262,100262,400259,100887,300184,900178,600136,800109,60087,90068,20052,80039,20025,90013,50030,50021,6007,4008,10034,52214,227



Balance Sheet

All numbers in thousands.




Cash Flow

All numbers in thousands.




Income Statement

All numbers in thousands.


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

Gross Profit (+$)
totalRevenue3,842,600
Cost of Revenue-3,267,500
Gross Profit575,100575,100
 
Operating Income (+$)
Gross Profit575,100
Operating Expense--168,900
Operating Income744,000744,000
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense-168,9000
 
Net Interest Income (+$)
Interest Income0
Interest Expense-181,000
Other Finance Cost-181,000
Net Interest Income0
 
Pretax Income (+$)
Operating Income744,000
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)524,800963,200
EBIT - interestExpense = 563,000
479,900
505,400
Interest Expense181,000
Earnings Before Interest and Taxes (EBIT)744,000705,800
Earnings Before Interest and Taxes (EBITDA)1,301,500
 
After tax Income (+$)
Income Before Tax524,800
Tax Provision-0
Net Income From Continuing Ops0524,800
Net Income324,400
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses3,098,600
Total Other Income/Expenses Net-219,2000
 

Technical Analysis of Elia Group SA/NV
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 Elia Group SA/NV. The general trend of Elia Group SA/NV is BEARISH 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 Elia Group SA/NV'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 Elia Group SA/NV.

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: 106.00 < 106.50 < 107.60.

The bearish price targets are: 94.75 > 94.25 > 94.25.

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Elia Group SA/NV 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 Elia Group SA/NV. The current mas is .

The long score for the Moving Averages is 4/14.
The longshort score for the Moving Averages is -6/(-14 +14).

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

Elia Group SA/NV 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 Elia Group SA/NV. The current macd is -1.30601978.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Elia Group SA/NV price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Elia Group SA/NV. 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 Elia Group SA/NV price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Elia Group SA/NV Daily Moving Average Convergence/Divergence (MACD) ChartElia Group SA/NV 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 Elia Group SA/NV. The current adx is 28.81.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -3/(-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 Elia Group SA/NV shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bearish trend. The ADX is declining, the bearish trend is weakening. Could be a potential reversal to the upside. -2
Elia Group SA/NV 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 Elia Group SA/NV. The current sar is 95.22.

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

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Elia Group SA/NV 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 Elia Group SA/NV. The current rsi is 48.20. The current phase is Continuation in bear market.

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

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending up: The RSI is trending up. +1
Elia Group SA/NV Daily Relative Strength Index (RSI) ChartElia Group SA/NV 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 Elia Group SA/NV. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Elia Group SA/NV price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Elia Group SA/NV Daily Stochastic Oscillator ChartElia Group SA/NV 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 Elia Group SA/NV. The current cci is -14.24305077.

Elia Group SA/NV Daily Commodity Channel Index (CCI) ChartElia Group SA/NV 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 Elia Group SA/NV. The current cmo is 1.95181642.

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

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Elia Group SA/NV Daily Chande Momentum Oscillator (CMO) ChartElia Group SA/NV 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 Elia Group SA/NV. The current willr is -47.76119403.

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

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Elia Group SA/NV is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Elia Group SA/NV Daily Williams %R ChartElia Group SA/NV 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 Elia Group SA/NV.

Elia Group SA/NV 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 Elia Group SA/NV. The current atr is 2.82445118.

Elia Group SA/NV Daily Average True Range (ATR) ChartElia Group SA/NV 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 Elia Group SA/NV. The current obv is -429,571.

Elia Group SA/NV Daily On-Balance Volume (OBV) ChartElia Group SA/NV 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 Elia Group SA/NV. The current mfi is 61.83.

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

  • MFI > 50: +1
Elia Group SA/NV Daily Money Flow Index (MFI) ChartElia Group SA/NV Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Elia Group SA/NV.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-09STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-15ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-17RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-21RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-11-24DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-27MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-30DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-04STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-05STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH 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
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-14STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-18RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-20STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-02MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-09WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-10RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-17SAR 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
2024-01-18CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-24STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31DMI 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
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-02DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-06STOCH 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
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-08WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-09BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-12STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-13WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-20MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-22STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-04SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
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).
2024-03-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-08STOCH 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).
2024-03-11CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-13RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-22DMI 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.
2024-03-26DMI 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
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside

6.3. Candlestick Patterns

Elia Group SA/NV Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Elia Group SA/NV based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5048.197
Ma 20Greater thanMa 5099.823
Ma 50Greater thanMa 100103.927
Ma 100Greater thanMa 200104.817
OpenGreater thanClose97.700
Total1/5 (20.0%)
Penke

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