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FORTEC Elektronik AG
Buy, Hold or Sell?

Let's analyse FORTEC Elektronik AG together

PenkeI guess you are interested in FORTEC Elektronik AG. 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 FORTEC Elektronik AG. 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 FORTEC Elektronik AG (30 sec.)










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

How much money do you get?

How much money do you get?
€3.03
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
€16.92
Expected worth in 1 year
€23.26
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
€9.13
Return On Investment
36.8%

For what price can you sell your share?

Current Price per Share
€24.80
Expected price per share
€22.20 - €25.80
How sure are you?
50%

1. Valuation of FORTEC Elektronik AG (5 min.)




Live pricePrice per Share (EOD)

€24.80

Intrinsic Value Per Share

€12.30 - €22.52

Total Value Per Share

€29.22 - €39.45

2. Growth of FORTEC Elektronik AG (5 min.)




Is FORTEC Elektronik AG growing?

Current yearPrevious yearGrowGrow %
How rich?$59.4m$53.9m$5.5m9.4%

How much money is FORTEC Elektronik AG making?

Current yearPrevious yearGrowGrow %
Making money$8.1m$6.7m$1.4m17.2%
Net Profit Margin7.1%7.0%--

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

3. Financial Health of FORTEC Elektronik AG (5 min.)




4. Comparing to competitors in the Electronics & Computer Distribution industry (5 min.)




  Industry Rankings (Electronics & Computer Distribution)  


Richest
#64 / 119

Most Revenue
#54 / 119

Most Profit
#31 / 119

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

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

What can you expect buying and holding a share of FORTEC Elektronik AG?

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

Speculation

The Price per Share of FORTEC Elektronik AG is €24.80. 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 FORTEC Elektronik AG.
  • 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 FORTEC Elektronik AG, 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 €16.92. Based on the TTM, the Book Value Change Per Share is €1.58 per quarter. Based on the YOY, the Book Value Change Per Share is €1.64 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 €0.70 per quarter.
Based on historical numbers we can estimate the returns while holding a share of FORTEC Elektronik AG.

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 Eps2.4710.0%2.4710.0%2.088.4%1.877.5%1.435.8%
Usd Book Value Change Per Share1.716.9%1.716.9%1.777.1%1.666.7%1.104.4%
Usd Dividend Per Share0.763.1%0.763.1%0.652.6%0.692.8%0.612.5%
Usd Total Gains Per Share2.4710.0%2.4710.0%2.429.8%2.359.5%1.716.9%
Usd Price Per Share30.61-30.61-25.74-23.65-20.75-
Price to Earnings Ratio12.39-12.39-12.38-12.83-16.12-
Price-to-Total Gains Ratio12.39-12.39-10.65-11.26-10.23-
Price to Book Ratio1.67-1.67-1.55-1.52-1.77-
Price-to-Total Gains Ratio12.39-12.39-10.65-11.26-10.23-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share26.82616
Number of shares37
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.760.69
Usd Book Value Change Per Share1.711.66
Usd Total Gains Per Share2.472.35
Gains per Quarter (37 shares)91.4086.94
Gains per Year (37 shares)365.60347.75
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1112254356102245338
2224507722205491686
333676110883077361034
4448101414544109811382
55601268182051212271730
66721521218661514722078
77841775255271717172426
88962028291882019622774
910082282328492222083122
10112025363650102524533470

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%17.00.01.094.4%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.01.00.090.0%16.02.00.088.9%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%16.00.02.088.9%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%9.01.00.090.0%16.02.00.088.9%

Fundamentals of FORTEC Elektronik AG

About FORTEC Elektronik AG

FORTEC Elektronik AG provides components and systems in the areas of display technology, embedded systems, and power supplies in Germany and internationally. It operates through two segments, Data Visualisation and Power Supplies. The Data Visualisation segment offers standard kits and support services to product solutions with access to TFT controller and drive solutions developed in-house, as well as generation of optical bonding technology. The Power Supplies segment provides power supplies and DC/DC convertors. The company was founded in 1984 and is based in Germering, Germany.

Fundamental data was last updated by Penke on 2024-03-19 13:19:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is 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 less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

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

1.1. Profitability of FORTEC Elektronik AG.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit FORTEC Elektronik AG earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare FORTEC Elektronik AG to the Electronics & Computer Distribution industry mean.
  • A Net Profit Margin of 7.1% means that €0.07 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of FORTEC Elektronik AG:

  • The MRQ is 7.1%. The company is making a profit. +1
  • The TTM is 7.1%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ7.1%TTM7.1%0.0%
TTM7.1%YOY7.0%+0.1%
TTM7.1%5Y6.0%+1.1%
5Y6.0%10Y5.3%+0.7%
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ7.1%1.7%+5.4%
TTM7.1%1.8%+5.3%
YOY7.0%2.7%+4.3%
5Y6.0%2.2%+3.8%
10Y5.3%2.0%+3.3%
1.1.2. Return on Assets

Shows how efficient FORTEC Elektronik AG is using its assets to generate profit.

  • Above 5% is considered healthy but always compare FORTEC Elektronik AG to the Electronics & Computer Distribution industry mean.
  • 9.9% Return on Assets means that FORTEC Elektronik AG generated €0.10 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of FORTEC Elektronik AG:

  • The MRQ is 9.9%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 9.9%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ9.9%TTM9.9%0.0%
TTM9.9%YOY8.8%+1.1%
TTM9.9%5Y8.1%+1.7%
5Y8.1%10Y8.1%+0.0%
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ9.9%1.0%+8.9%
TTM9.9%0.9%+9.0%
YOY8.8%1.6%+7.2%
5Y8.1%1.4%+6.7%
10Y8.1%1.3%+6.8%
1.1.3. Return on Equity

Shows how efficient FORTEC Elektronik AG is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare FORTEC Elektronik AG to the Electronics & Computer Distribution industry mean.
  • 13.7% Return on Equity means FORTEC Elektronik AG generated €0.14 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of FORTEC Elektronik AG:

  • The MRQ is 13.7%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 13.7%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ13.7%TTM13.7%0.0%
TTM13.7%YOY12.5%+1.2%
TTM13.7%5Y11.7%+2.0%
5Y11.7%10Y11.7%+0.0%
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ13.7%2.3%+11.4%
TTM13.7%2.5%+11.2%
YOY12.5%4.6%+7.9%
5Y11.7%3.6%+8.1%
10Y11.7%3.3%+8.4%

1.2. Operating Efficiency of FORTEC Elektronik AG.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient FORTEC Elektronik AG is operating .

  • Measures how much profit FORTEC Elektronik AG 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 FORTEC Elektronik AG to the Electronics & Computer Distribution industry mean.
  • An Operating Margin of 10.1% means the company generated €0.10  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of FORTEC Elektronik AG:

  • The MRQ is 10.1%. The company is operating less efficient.
  • The TTM is 10.1%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ10.1%TTM10.1%0.0%
TTM10.1%YOY9.5%+0.6%
TTM10.1%5Y8.3%+1.8%
5Y8.3%10Y7.3%+1.0%
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ10.1%2.6%+7.5%
TTM10.1%2.1%+8.0%
YOY9.5%3.6%+5.9%
5Y8.3%3.0%+5.3%
10Y7.3%2.6%+4.7%
1.2.2. Operating Ratio

Measures how efficient FORTEC Elektronik AG is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Electronics & Computer Distribution industry mean).
  • An Operation Ratio of 0.92 means that the operating costs are €0.92 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of FORTEC Elektronik AG:

  • The MRQ is 0.918. The company is less efficient in keeping operating costs low.
  • The TTM is 0.918. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.918TTM0.9180.000
TTM0.918YOY0.920-0.002
TTM0.9185Y0.930-0.012
5Y0.93010Y0.940-0.010
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9181.775-0.857
TTM0.9181.733-0.815
YOY0.9201.703-0.783
5Y0.9301.586-0.656
10Y0.9401.341-0.401

1.3. Liquidity of FORTEC Elektronik AG.

1.3. Liquidity
1.3.1. Current Ratio

Measures if FORTEC Elektronik AG is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Electronics & Computer Distribution industry mean).
  • A Current Ratio of 4.03 means the company has €4.03 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of FORTEC Elektronik AG:

  • The MRQ is 4.030. The company is very able to pay all its short-term debts. +2
  • The TTM is 4.030. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ4.030TTM4.0300.000
TTM4.030YOY3.888+0.141
TTM4.0305Y3.916+0.114
5Y3.91610Y4.084-0.169
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ4.0301.637+2.393
TTM4.0301.609+2.421
YOY3.8881.573+2.315
5Y3.9161.558+2.358
10Y4.0841.519+2.565
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare FORTEC Elektronik AG to the Electronics & Computer Distribution industry mean.
  • A Quick Ratio of 1.84 means the company can pay off €1.84 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of FORTEC Elektronik AG:

  • The MRQ is 1.840. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.840. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.840TTM1.8400.000
TTM1.840YOY2.091-0.251
TTM1.8405Y1.943-0.103
5Y1.94310Y2.015-0.071
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8400.811+1.029
TTM1.8400.839+1.001
YOY2.0910.859+1.232
5Y1.9430.906+1.037
10Y2.0150.926+1.089

1.4. Solvency of FORTEC Elektronik AG.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of FORTEC Elektronik AG assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare FORTEC Elektronik AG to Electronics & Computer Distribution industry mean.
  • A Debt to Asset Ratio of 0.28 means that FORTEC Elektronik AG assets are financed with 27.9% credit (debt) and the remaining percentage (100% - 27.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of FORTEC Elektronik AG:

  • The MRQ is 0.279. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.279. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.279TTM0.2790.000
TTM0.279YOY0.296-0.017
TTM0.2795Y0.304-0.024
5Y0.30410Y0.291+0.012
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2790.576-0.297
TTM0.2790.581-0.302
YOY0.2960.570-0.274
5Y0.3040.574-0.270
10Y0.2910.551-0.260
1.4.2. Debt to Equity Ratio

Measures if FORTEC Elektronik AG is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare FORTEC Elektronik AG to the Electronics & Computer Distribution industry mean.
  • A Debt to Equity ratio of 38.7% means that company has €0.39 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of FORTEC Elektronik AG:

  • The MRQ is 0.387. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.387. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.387TTM0.3870.000
TTM0.387YOY0.421-0.034
TTM0.3875Y0.437-0.050
5Y0.43710Y0.420+0.017
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3871.383-0.996
TTM0.3871.378-0.991
YOY0.4211.371-0.950
5Y0.4371.442-1.005
10Y0.4201.507-1.087

2. Market Valuation of FORTEC Elektronik AG

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 FORTEC Elektronik AG generates.

  • Above 15 is considered overpriced but always compare FORTEC Elektronik AG to the Electronics & Computer Distribution industry mean.
  • A PE ratio of 12.39 means the investor is paying €12.39 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of FORTEC Elektronik AG:

  • The EOD is 10.854. Based on the earnings, the company is underpriced. +1
  • The MRQ is 12.386. Based on the earnings, the company is underpriced. +1
  • The TTM is 12.386. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD10.854MRQ12.386-1.532
MRQ12.386TTM12.3860.000
TTM12.386YOY12.376+0.010
TTM12.3865Y12.825-0.440
5Y12.82510Y16.123-3.298
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
EOD10.8549.634+1.220
MRQ12.3869.237+3.149
TTM12.3869.658+2.728
YOY12.3769.412+2.964
5Y12.82510.643+2.182
10Y16.12312.787+3.336
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of FORTEC Elektronik AG:

  • The EOD is 17.957. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 20.492. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 20.492. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD17.957MRQ20.492-2.534
MRQ20.492TTM20.4920.000
TTM20.492YOY41.391-20.900
TTM20.4925Y52.372-31.881
5Y52.37210Y44.791+7.581
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
EOD17.9571.756+16.201
MRQ20.4921.873+18.619
TTM20.4921.099+19.393
YOY41.3910.920+40.471
5Y52.3720.831+51.541
10Y44.7911.242+43.549
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Electronics & Computer Distribution 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 FORTEC Elektronik AG:

  • The EOD is 1.466. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.672. Based on the equity, the company is underpriced. +1
  • The TTM is 1.672. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.466MRQ1.672-0.207
MRQ1.672TTM1.6720.000
TTM1.672YOY1.552+0.121
TTM1.6725Y1.525+0.148
5Y1.52510Y1.767-0.242
Compared to industry (Electronics & Computer Distribution)
PeriodCompanyIndustry (mean)+/- 
EOD1.4661.334+0.132
MRQ1.6721.274+0.398
TTM1.6721.295+0.377
YOY1.5521.425+0.127
5Y1.5251.459+0.066
10Y1.7671.516+0.251
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of FORTEC Elektronik AG 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--1.5841.5840%1.636-3%1.532+3%1.016+56%
Book Value Per Share--16.92216.9220%15.339+10%14.296+18%11.234+51%
Current Ratio--4.0304.0300%3.888+4%3.916+3%4.084-1%
Debt To Asset Ratio--0.2790.2790%0.296-6%0.304-8%0.291-4%
Debt To Equity Ratio--0.3870.3870%0.421-8%0.437-11%0.420-8%
Dividend Per Share--0.7000.7000%0.600+17%0.640+9%0.565+24%
Eps--2.2852.2850%1.923+19%1.724+33%1.319+73%
Free Cash Flow Per Share--1.3811.3810%0.575+140%1.192+16%0.981+41%
Free Cash Flow To Equity Per Share--0.1200.1200%-0.698+682%0.494-76%0.477-75%
Gross Profit Margin--0.7830.7830%0.773+1%0.688+14%0.579+35%
Intrinsic Value_10Y_max--22.525--------
Intrinsic Value_10Y_min--12.296--------
Intrinsic Value_1Y_max--1.800--------
Intrinsic Value_1Y_min--1.055--------
Intrinsic Value_3Y_max--5.758--------
Intrinsic Value_3Y_min--3.342--------
Intrinsic Value_5Y_max--10.134--------
Intrinsic Value_5Y_min--5.800--------
Market Cap80610912.000-14%91987452.00091987452.0000%77360472.000+19%71054618.400+29%62358066.180+48%
Net Profit Margin--0.0710.0710%0.070+2%0.060+18%0.053+34%
Operating Margin--0.1010.1010%0.095+6%0.083+22%0.073+39%
Operating Ratio--0.9180.9180%0.9200%0.930-1%0.940-2%
Pb Ratio1.466-14%1.6721.6720%1.552+8%1.525+10%1.767-5%
Pe Ratio10.854-14%12.38612.3860%12.376+0%12.825-3%16.123-23%
Price Per Share24.800-14%28.30028.3000%23.800+19%21.860+29%19.185+48%
Price To Free Cash Flow Ratio17.957-14%20.49220.4920%41.391-50%52.372-61%44.791-54%
Price To Total Gains Ratio10.860-14%12.39212.3920%10.645+16%11.258+10%10.234+21%
Quick Ratio--1.8401.8400%2.091-12%1.943-5%2.015-9%
Return On Assets--0.0990.0990%0.088+12%0.081+21%0.081+22%
Return On Equity--0.1370.1370%0.125+9%0.117+18%0.117+18%
Total Gains Per Share--2.2842.2840%2.236+2%2.172+5%1.581+44%
Usd Book Value--59498908.50059498908.5000%53930316.900+10%50264024.338+18%39497459.249+51%
Usd Book Value Change Per Share--1.7131.7130%1.769-3%1.657+3%1.099+56%
Usd Book Value Per Share--18.30518.3050%16.592+10%15.464+18%12.151+51%
Usd Dividend Per Share--0.7570.7570%0.649+17%0.692+9%0.612+24%
Usd Eps--2.4722.4720%2.080+19%1.865+33%1.427+73%
Usd Free Cash Flow--4855751.3004855751.3000%2021697.300+140%4191960.037+16%3448739.544+41%
Usd Free Cash Flow Per Share--1.4941.4940%0.622+140%1.290+16%1.061+41%
Usd Free Cash Flow To Equity Per Share--0.1300.1300%-0.755+682%0.535-76%0.517-75%
Usd Market Cap87196823.510-14%99502826.82899502826.8280%83680822.562+19%76859780.723+29%67452720.187+48%
Usd Price Per Share26.826-14%30.61230.6120%25.744+19%23.646+29%20.752+48%
Usd Profit--8167916.7008167916.7000%6761706.700+21%5925904.802+38%4644394.151+76%
Usd Revenue--114502271.800114502271.8000%96308077.800+19%96996947.412+18%83932730.697+36%
Usd Total Gains Per Share--2.4702.4700%2.418+2%2.350+5%1.711+44%
 EOD+4 -4MRQTTM+0 -0YOY+30 -65Y+31 -510Y+31 -5

3.2. Fundamental Score

Let's check the fundamental score of FORTEC Elektronik AG based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1510.854
Price to Book Ratio (EOD)Between0-11.466
Net Profit Margin (MRQ)Greater than00.071
Operating Margin (MRQ)Greater than00.101
Quick Ratio (MRQ)Greater than11.840
Current Ratio (MRQ)Greater than14.030
Debt to Asset Ratio (MRQ)Less than10.279
Debt to Equity Ratio (MRQ)Less than10.387
Return on Equity (MRQ)Greater than0.150.137
Return on Assets (MRQ)Greater than0.050.099
Total8/10 (80.0%)

3.3. Technical Score

Let's check the technical score of FORTEC Elektronik AG based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5068.075
Ma 20Greater thanMa 5023.080
Ma 50Greater thanMa 10023.894
Ma 100Greater thanMa 20023.859
OpenGreater thanClose25.400
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in EUR. All numbers in thousands.

Summary
Total Assets76,304
Total Liabilities21,299
Total Stockholder Equity54,999
 As reported
Total Liabilities 21,299
Total Stockholder Equity+ 54,999
Total Assets = 76,304

Assets

Total Assets76,304
Total Current Assets59,595
Long-term Assets16,709
Total Current Assets
Cash And Cash Equivalents 13,246
Short-term Investments 145
Net Receivables 13,677
Inventory 32,117
Other Current Assets 410
Total Current Assets  (as reported)59,595
Total Current Assets  (calculated)59,595
+/-0
Long-term Assets
Property Plant Equipment 9,383
Goodwill 6,447
Intangible Assets 313
Other Assets 416
Long-term Assets  (as reported)16,709
Long-term Assets  (calculated)16,559
+/- 150

Liabilities & Shareholders' Equity

Total Current Liabilities14,789
Long-term Liabilities6,510
Total Stockholder Equity54,999
Total Current Liabilities
Short-term Debt 1,385
Short Long Term Debt 333
Accounts payable 6,508
Other Current Liabilities 2,170
Total Current Liabilities  (as reported)14,789
Total Current Liabilities  (calculated)10,396
+/- 4,393
Long-term Liabilities
Long term Debt Total 5,235
Other Liabilities 1,275
Long-term Liabilities  (as reported)6,510
Long-term Liabilities  (calculated)6,510
+/-0
Total Stockholder Equity
Common Stock3,250
Accumulated Other Comprehensive Income 1,691
Capital Surplus 14,481
Other Stockholders Equity 42,503
Total Stockholder Equity (as reported)54,999
Total Stockholder Equity (calculated)61,925
+/- 6,926
Other
Capital Stock3,250
Cash and Short Term Investments 13,391
Common Stock Shares Outstanding 3,250
Current Deferred Revenue4,726
Liabilities and Stockholders Equity 76,304
Net Debt -6,626
Net Invested Capital 56,610
Net Tangible Assets 48,239
Net Working Capital 44,806
Property Plant and Equipment Gross 12,983
Short Long Term Debt Total 6,620



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-302015-06-302014-06-302013-06-302012-06-302011-06-302010-06-302009-06-302008-06-302007-06-302006-06-30
> Total Assets 
20,418
24,052
24,799
21,686
23,036
27,083
27,741
26,126
25,979
38,250
37,518
40,399
44,775
57,419
64,589
64,013
70,836
76,304
76,30470,83664,01364,58957,41944,77540,39937,51838,25025,97926,12627,74127,08323,03621,68624,79924,05220,418
   > Total Current Assets 
14,477
17,561
18,157
16,879
17,618
22,470
23,262
21,803
21,538
31,710
31,890
32,357
36,131
44,354
45,719
45,735
53,021
59,595
59,59553,02145,73545,71944,35436,13132,35731,89031,71021,53821,80323,26222,47017,61816,87918,15717,56114,477
       Cash And Cash Equivalents 
901
5,153
4,831
5,146
6,355
7,589
8,695
7,237
8,665
5,728
4,336
5,655
5,411
9,660
8,865
14,696
12,884
13,246
13,24612,88414,6968,8659,6605,4115,6554,3365,7288,6657,2378,6957,5896,3555,1464,8315,153901
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
-74
-75
0
131
571
145
1455711310-75-74000000000000
       Net Receivables 
8,576
0
0
0
0
0
0
0
4,425
9,155
8,715
8,607
10,617
10,213
12,248
11,362
14,488
13,677
13,67714,48811,36212,24810,21310,6178,6078,7159,1554,42500000008,576
       Inventory 
4,971
7,137
8,564
7,327
6,667
9,594
9,633
9,293
8,383
16,390
18,074
16,875
19,748
23,896
24,370
19,319
25,079
32,117
32,11725,07919,31924,37023,89619,74816,87518,07416,3908,3839,2939,6339,5946,6677,3278,5647,1374,971
       Other Current Assets 
29
5,271
4,762
4,405
4,596
5,287
4,935
5,273
4,490
9,591
9,480
9,826
354
585
237
227
-1
410
410-12272375853549,8269,4809,5914,4905,2734,9355,2874,5964,4054,7625,27129
   > Long-term Assets 
5,941
6,491
6,642
4,807
5,418
4,612
4,479
4,324
4,442
6,540
5,628
8,042
8,644
13,065
18,870
18,278
17,814
16,709
16,70917,81418,27818,87013,0658,6448,0425,6286,5404,4424,3244,4794,6125,4184,8076,6426,4915,941
       Property Plant Equipment 
253
253
0
1,331
1,320
1,368
1,275
1,150
1,214
2,145
2,266
2,063
2,887
5,665
11,540
10,823
10,031
9,383
9,38310,03110,82311,5405,6652,8872,0632,2662,1451,2141,1501,2751,3681,3201,3310253253
       Goodwill 
0
0
4,584
2,335
2,645
2,890
0
2,829
2,869
3,309
2,681
5,225
5,092
6,623
6,700
6,715
6,963
6,447
6,4476,9636,7156,7006,6235,0925,2252,6813,3092,8692,82902,8902,6452,3354,58400
       Long Term Investments 
0
0
0
0
0
0
0
0
94
96
96
96
96
96
0
0
0
0
000096969696969400000000
       Intangible Assets 
0
0
54
179
160
95
0
157
200
244
194
254
219
305
243
198
213
313
3132131982433052192541942442001570951601795400
       Long-term Assets Other 
874
1,700
2,003
962
1,188
257
228
188
159
560
159
170
0
0
75
67
68
144
144686775001701595601591882282571,1889622,0031,700874
> Total Liabilities 
5,752
5,535
4,997
3,598
4,516
6,009
5,910
4,145
3,859
9,078
14,127
12,379
14,673
17,279
21,792
19,473
20,979
21,299
21,29920,97919,47321,79217,27914,67312,37914,1279,0783,8594,1455,9106,0094,5163,5984,9975,5355,752
   > Total Current Liabilities 
0
0
4,731
3,332
4,190
5,369
5,279
3,623
3,396
8,173
8,779
7,702
11,263
11,461
12,229
11,289
13,636
14,789
14,78913,63611,28912,22911,46111,2637,7028,7798,1733,3963,6235,2795,3694,1903,3324,73100
       Short-term Debt 
0
0
0
0
0
0
0
0
0
1,000
1,541
417
1,042
1,383
2,139
2,101
1,761
1,385
1,3851,7612,1012,1391,3831,0424171,5411,000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
1,000
1,541
417
1,042
1,383
1,167
1,167
750
333
3337501,1671,1671,3831,0424171,5411,000000000000
       Accounts payable 
2,655
0
1,821
1,377
1,699
2,635
2,438
2,104
1,639
3,629
3,099
3,557
5,025
5,616
5,510
4,905
6,540
6,508
6,5086,5404,9055,5105,6165,0253,5573,0993,6291,6392,1042,4382,6351,6991,3771,82102,655
       Other Current Liabilities 
411
0
2,909
1,955
2,491
2,734
2,841
1,519
1,757
3,544
4,139
3,728
2,801
994
651
1,300
1,475
2,170
2,1701,4751,3006519942,8013,7284,1393,5441,7571,5192,8412,7342,4911,9552,9090411
   > Long-term Liabilities 
0
0
266
266
326
641
631
522
463
905
5,348
4,677
3,410
5,819
9,563
8,184
7,343
6,510
6,5107,3438,1849,5635,8193,4104,6775,34890546352263164132626626600
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
4,583
4,167
2,917
4,694
8,882
7,449
6,119
5,235
5,2356,1197,4498,8824,6942,9174,1674,5830000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
463
905
765
511
493
1,124
682
735
1,224
1,275
1,2751,2247356821,12449351176590546300000000
> Total Stockholder Equity
14,666
18,517
19,803
18,088
18,520
21,073
21,831
21,981
22,120
29,172
23,391
28,020
30,102
40,140
42,796
44,540
49,847
54,999
54,99949,84744,54042,79640,14030,10228,02023,39129,17222,12021,98121,83121,07318,52018,08819,80318,51714,666
   Common Stock
0
0
0
2,955
2,955
2,955
2,955
2,955
2,955
2,955
2,955
2,955
2,955
3,250
3,250
3,250
3,250
3,250
3,2503,2503,2503,2503,2502,9552,9552,9552,9552,9552,9552,9552,9552,9552,955000
   Retained Earnings 
1,681
1,572
2,096
1,568
735
2,786
2,228
1,758
1,536
1,874
3,558
4,260
4,316
5,688
4,777
3,881
6,253
7,555
7,5556,2533,8814,7775,6884,3164,2603,5581,8741,5361,7582,2282,7867351,5682,0961,5721,681
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
14,481
14,481
14,481
14,481
14,481
14,48114,48114,48114,48114,4810000000000000
   Treasury Stock000000000000000000
   Other Stockholders Equity 
0
0
0
13,564
16,200
16,859
18,271
19,005
19,280
26,213
18,887
23,153
25,547
31,201
-27,314
36,595
38,525
42,503
42,50338,52536,595-27,31431,20125,54723,15318,88726,21319,28019,00518,27116,85916,20013,564000



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.




Income Statement

Currency in EUR. All numbers in thousands.


Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue105,854
Cost of Revenue-70,587
Gross Profit35,26735,267
 
Operating Income (+$)
Gross Profit35,267
Operating Expense-26,571
Operating Income10,6808,696
 
Operating Expense (+$)
Research Development2,370
Selling General Administrative487
Selling And Marketing Expenses1,636
Operating Expense26,5714,493
 
Net Interest Income (+$)
Interest Income105
Interest Expense-144
Other Finance Cost-99
Net Interest Income-138
 
Pretax Income (+$)
Operating Income10,680
Net Interest Income-138
Other Non-Operating Income Expenses0
Income Before Tax (EBT)10,57510,785
EBIT - interestExpense = 10,553
10,574
7,695
Interest Expense144
Earnings Before Interest and Taxes (EBIT)10,69710,719
Earnings Before Interest and Taxes (EBITDA)12,881
 
After tax Income (+$)
Income Before Tax10,575
Tax Provision-3,023
Net Income From Continuing Ops7,5517,552
Net Income7,551
Net Income Applicable To Common Shares7,427
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses97,158
Total Other Income/Expenses Net-105138
 

Technical Analysis of FORTEC Elektronik AG
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 FORTEC Elektronik AG. The general trend of FORTEC Elektronik AG is NEUTRAL with 0.0% 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 FORTEC Elektronik AG'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 (0.0%) Bearish trend (0.0%)
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 FORTEC Elektronik AG.

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

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 25.51 < 25.51 < 25.80.

The bearish price targets are: 25.20 > 22.20 > 22.20.

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FORTEC Elektronik AG 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 FORTEC Elektronik AG. The current mas is .

The long score for the Moving Averages is 7/14.
The longshort score for the Moving Averages is 0/(-14 +14).

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

FORTEC Elektronik AG 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 FORTEC Elektronik AG. The current macd is 0.08258733.

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

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the FORTEC Elektronik AG price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for FORTEC Elektronik AG. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the FORTEC Elektronik AG price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
FORTEC Elektronik AG Daily Moving Average Convergence/Divergence (MACD) ChartFORTEC Elektronik AG 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 FORTEC Elektronik AG. The current adx is 16.86.

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

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy FORTEC Elektronik AG shares, leading to potential upward 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 bullish trend could be forming. +1
FORTEC Elektronik AG 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 FORTEC Elektronik AG. The current sar is 22.73.

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
FORTEC Elektronik AG 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 FORTEC Elektronik AG. The current rsi is 68.08. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 3/(-13 +13).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
FORTEC Elektronik AG Daily Relative Strength Index (RSI) ChartFORTEC Elektronik AG 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 FORTEC Elektronik AG. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-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 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 FORTEC Elektronik AG price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
FORTEC Elektronik AG Daily Stochastic Oscillator ChartFORTEC Elektronik AG 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 FORTEC Elektronik AG. The current cci is 266.18.

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

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
FORTEC Elektronik AG Daily Commodity Channel Index (CCI) ChartFORTEC Elektronik AG 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 FORTEC Elektronik AG. The current cmo is 52.35.

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
FORTEC Elektronik AG Daily Chande Momentum Oscillator (CMO) ChartFORTEC Elektronik AG 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 FORTEC Elektronik AG. The current willr is -21.21212121.

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 FORTEC Elektronik AG is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
FORTEC Elektronik AG Daily Williams %R ChartFORTEC Elektronik AG 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 FORTEC Elektronik AG.

FORTEC Elektronik AG 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 FORTEC Elektronik AG. The current atr is 0.56555419.

FORTEC Elektronik AG Daily Average True Range (ATR) ChartFORTEC Elektronik AG 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 FORTEC Elektronik AG. The current obv is -30,496.

FORTEC Elektronik AG Daily On-Balance Volume (OBV) ChartFORTEC Elektronik AG 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 FORTEC Elektronik AG. The current mfi is 78.41.

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
FORTEC Elektronik AG Daily Money Flow Index (MFI) ChartFORTEC Elektronik AG Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for FORTEC Elektronik AG.

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

6.3. Candlestick Patterns

FORTEC Elektronik AG Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of FORTEC Elektronik AG based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5068.075
Ma 20Greater thanMa 5023.080
Ma 50Greater thanMa 10023.894
Ma 100Greater thanMa 20023.859
OpenGreater thanClose25.400
Total3/5 (60.0%)
Penke

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