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IAR Systems Group AB (publ)
Buy, Hold or Sell?

Let's analyse Iar together

PenkeI guess you are interested in IAR Systems Group AB (publ). 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 IAR Systems Group AB (publ). At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of Iar (30 sec.)










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

How much money do you get?

How much money do you get?
kr0.32
When do you have the money?
1 year
How often do you get paid?
47.5%

What is your share worth?

Current worth
kr31.00
Expected worth in 1 year
kr13.50
How sure are you?
85.0%

+ What do you gain per year?

Total Gains per Share
kr-14.11
Return On Investment
-10.2%

For what price can you sell your share?

Current Price per Share
kr138.80
Expected price per share
kr125.60 - kr141.00
How sure are you?
50%

1. Valuation of Iar (5 min.)




Live pricePrice per Share (EOD)

kr138.80

Intrinsic Value Per Share

kr44.92 - kr108.42

Total Value Per Share

kr75.92 - kr139.41

2. Growth of Iar (5 min.)




Is Iar growing?

Current yearPrevious yearGrowGrow %
How rich?$39.7m$59.7m-$1.6m-2.8%

How much money is Iar making?

Current yearPrevious yearGrowGrow %
Making money-$5.3m$1.3m-$6.7m-125.2%
Net Profit Margin-44.8%13.7%--

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

3. Financial Health of Iar (5 min.)




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

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

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

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

Speculation

The Price per Share of Iar is kr138.80. 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 Iar.
  • 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 Iar, 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 kr31.00. Based on the TTM, the Book Value Change Per Share is kr-4.37 per quarter. Based on the YOY, the Book Value Change Per Share is kr10.76 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 kr0.85 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Iar.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 kr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Share
Usd Eps-1.76-1.3%-0.39-0.3%0.100.1%0.000.0%0.060.0%
Usd Book Value Change Per Share-1.78-1.3%-0.41-0.3%1.010.7%-0.040.0%0.020.0%
Usd Dividend Per Share0.000.0%0.080.1%0.070.1%0.100.1%0.180.1%
Usd Total Gains Per Share-1.78-1.3%-0.33-0.2%1.080.8%0.060.0%0.200.1%
Usd Price Per Share11.64-9.82-12.61-13.76-14.40-
Price to Earnings Ratio-1.65-33.67-32.16-31.59-31.16-
Price-to-Total Gains Ratio-6.53-52.70-41.20--222.86--77.35-
Price to Book Ratio3.99-2.48-2.88-4.26-5.49-
Price-to-Total Gains Ratio-6.53-52.70-41.20--222.86--77.35-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share13.0472
Number of shares76
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.080.10
Usd Book Value Change Per Share-0.41-0.04
Usd Total Gains Per Share-0.330.06
Gains per Quarter (76 shares)-25.194.28
Gains per Year (76 shares)-100.7817.11
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
124-125-11131-137
248-250-21261-2724
373-375-31392-4041
497-500-414122-5458
5121-625-515153-6775
6145-750-616183-8092
7170-875-717214-94109
8194-1000-818244-107126
9218-1125-919275-121143
10242-1250-1020305-134160

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 Share3.01.00.075.0%10.02.00.083.3%18.02.00.090.0%38.02.00.095.0%54.06.00.090.0%
Book Value Change Per Share3.01.00.075.0%9.03.00.075.0%14.06.00.070.0%28.012.00.070.0%39.018.03.065.0%
Dividend per Share3.00.01.075.0%5.00.07.041.7%8.00.012.040.0%19.00.021.047.5%21.00.039.035.0%
Total Gains per Share3.01.00.075.0%9.03.00.075.0%15.05.00.075.0%34.06.00.085.0%46.011.03.076.7%

Fundamentals of Iar

About IAR Systems Group AB (publ)

IAR Systems Group AB (publ) provides software solution and services for embedded systems development in Sweden. The company offers IAR Embedded Workbench, a development toolchain for embedded software and arm technology. It also provides RISC-V, a specialist product for embedded development; renesas, a development tool for microcontrollers; NXP, a developing application for microcontrollers, as well as offers nuvoton technology, a smart home and cloud security integrated circuit. In addition, the company provides texas instruments such as wireless microcontrollers, and microprocessors. The company serves automotive, industrial automation, internet of things, medical, and consumer electronics industries. IAR Systems Group AB (publ) was founded in 1983 and is headquartered in Uppsala, Sweden.

Fundamental data was last updated by Penke on 2024-03-10 02:49:05.

Financial Health

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

1.1. Profitability of IAR Systems Group AB (publ).

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Iar earns for each kr1 of revenue.

  • Above 10% is considered healthy but always compare Iar to the Software - Application industry mean.
  • A Net Profit Margin of -202.9% means that kr-2.03 for each kr1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of IAR Systems Group AB (publ):

  • The MRQ is -202.9%. The company is making a huge loss. -2
  • The TTM is -44.8%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-202.9%TTM-44.8%-158.1%
TTM-44.8%YOY13.7%-58.5%
TTM-44.8%5Y-2.5%-42.3%
5Y-2.5%10Y9.3%-11.8%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Iar to the Software - Application industry mean.
  • -36.5% Return on Assets means that Iar generated kr-0.37 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of IAR Systems Group AB (publ):

  • The MRQ is -36.5%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -8.4%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-36.5%TTM-8.4%-28.1%
TTM-8.4%YOY1.7%-10.1%
TTM-8.4%5Y-0.9%-7.5%
5Y-0.9%10Y1.5%-2.5%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Iar to the Software - Application industry mean.
  • -60.3% Return on Equity means Iar generated kr-0.60 for each kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of IAR Systems Group AB (publ):

  • The MRQ is -60.3%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -14.1%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-60.3%TTM-14.1%-46.2%
TTM-14.1%YOY2.3%-16.4%
TTM-14.1%5Y-1.8%-12.3%
5Y-1.8%10Y1.9%-3.7%

1.2. Operating Efficiency of IAR Systems Group AB (publ).

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Iar is operating .

  • Measures how much profit Iar makes for each kr1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Iar to the Software - Application industry mean.
  • An Operating Margin of 23.9% means the company generated kr0.24  for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of IAR Systems Group AB (publ):

  • The MRQ is 23.9%. The company is operating efficient. +1
  • The TTM is 19.3%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ23.9%TTM19.3%+4.6%
TTM19.3%YOY18.0%+1.3%
TTM19.3%5Y13.7%+5.7%
5Y13.7%10Y20.6%-7.0%
1.2.2. Operating Ratio

Measures how efficient Iar is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Software - Application industry mean).
  • An Operation Ratio of 0.76 means that the operating costs are kr0.76 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of IAR Systems Group AB (publ):

  • The MRQ is 0.761. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.815. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.761TTM0.815-0.054
TTM0.815YOY0.820-0.005
TTM0.8155Y0.800+0.015
5Y0.80010Y0.762+0.038

1.3. Liquidity of IAR Systems Group AB (publ).

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Software - Application industry mean).
  • A Current Ratio of 1.65 means the company has kr1.65 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of IAR Systems Group AB (publ):

  • The MRQ is 1.646. The company is able to pay all its short-term debts. +1
  • The TTM is 1.549. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.646TTM1.549+0.097
TTM1.549YOY1.425+0.123
TTM1.5495Y1.347+0.202
5Y1.34710Y1.550-0.203
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Iar to the Software - Application industry mean.
  • A Quick Ratio of 1.39 means the company can pay off kr1.39 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of IAR Systems Group AB (publ):

  • The MRQ is 1.394. The company is able to pay all its short-term debts with the most liquid assets. +1
  • The TTM is 1.247. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ1.394TTM1.247+0.146
TTM1.247YOY1.151+0.097
TTM1.2475Y1.027+0.221
5Y1.02710Y1.077-0.050

1.4. Solvency of IAR Systems Group AB (publ).

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Iar to Software - Application industry mean.
  • A Debt to Asset Ratio of 0.40 means that Iar assets are financed with 39.5% credit (debt) and the remaining percentage (100% - 39.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of IAR Systems Group AB (publ):

  • The MRQ is 0.395. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.320. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.395TTM0.320+0.075
TTM0.320YOY0.268+0.053
TTM0.3205Y0.279+0.041
5Y0.27910Y0.271+0.009
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Iar to the Software - Application industry mean.
  • A Debt to Equity ratio of 65.3% means that company has kr0.65 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of IAR Systems Group AB (publ):

  • The MRQ is 0.653. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.478. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.653TTM0.478+0.175
TTM0.478YOY0.366+0.112
TTM0.4785Y0.390+0.088
5Y0.39010Y0.374+0.016

2. Market Valuation of IAR Systems Group AB (publ)

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every kr1 in earnings Iar generates.

  • Above 15 is considered overpriced but always compare Iar to the Software - Application industry mean.
  • A PE ratio of -1.65 means the investor is paying kr-1.65 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of IAR Systems Group AB (publ):

  • The EOD is -1.855. Based on the earnings, the company is expensive. -2
  • The MRQ is -1.655. Based on the earnings, the company is expensive. -2
  • The TTM is 33.672. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD-1.855MRQ-1.655-0.200
MRQ-1.655TTM33.672-35.327
TTM33.672YOY32.160+1.512
TTM33.6725Y31.595+2.077
5Y31.59510Y31.162+0.433
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of IAR Systems Group AB (publ):

  • The EOD is 17.050. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 15.208. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is -17.769. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD17.050MRQ15.208+1.843
MRQ15.208TTM-17.769+32.977
TTM-17.769YOY17.885-35.654
TTM-17.7695Y-5.902-11.867
5Y-5.90210Y17.938-23.840
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Software - Application industry mean).
  • A PB ratio of 3.99 means the investor is paying kr3.99 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of IAR Systems Group AB (publ):

  • The EOD is 4.478. Based on the equity, the company is fair priced.
  • The MRQ is 3.994. Based on the equity, the company is fair priced.
  • The TTM is 2.481. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD4.478MRQ3.994+0.484
MRQ3.994TTM2.481+1.513
TTM2.481YOY2.882-0.401
TTM2.4815Y4.264-1.782
5Y4.26410Y5.486-1.222
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of IAR Systems Group AB (publ) 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---18.947-4.375-77%10.764-276%-0.469-98%0.234-8213%
Book Value Per Share--30.99644.962-31%46.495-33%43.279-28%33.718-8%
Current Ratio--1.6461.549+6%1.425+15%1.347+22%1.550+6%
Debt To Asset Ratio--0.3950.320+23%0.268+48%0.279+42%0.271+46%
Debt To Equity Ratio--0.6530.478+37%0.366+79%0.390+67%0.374+74%
Dividend Per Share---0.848-100%0.748-100%1.068-100%1.909-100%
Eps---18.704-4.196-78%1.054-1874%-0.024-100%0.625-3091%
Free Cash Flow Per Share--2.0351.496+36%-0.067+103%0.619+229%0.978+108%
Free Cash Flow To Equity Per Share--1.0250.601+71%-0.787+177%-0.032+103%0.709+45%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--108.418--------
Intrinsic Value_10Y_min--44.922--------
Intrinsic Value_1Y_max--4.925--------
Intrinsic Value_1Y_min--3.010--------
Intrinsic Value_3Y_max--19.324--------
Intrinsic Value_3Y_min--10.390--------
Intrinsic Value_5Y_max--39.180--------
Intrinsic Value_5Y_min--19.187--------
Market Cap1890900160.000+11%1691108000.0001435371500.000+18%1834905000.000-8%2554009380.000-34%2368079295.310-29%
Net Profit Margin---2.029-0.448-78%0.137-1580%-0.025-99%0.093-2286%
Operating Margin--0.2390.193+24%0.180+33%0.137+75%0.206+16%
Operating Ratio--0.7610.815-7%0.820-7%0.800-5%0.7620%
Pb Ratio4.478+11%3.9942.481+61%2.882+39%4.264-6%5.486-27%
Pe Ratio-1.855-12%-1.65533.672-105%32.160-105%31.595-105%31.162-105%
Price Per Share138.800+11%123.800104.450+19%134.100-8%146.330-15%153.242-19%
Price To Free Cash Flow Ratio17.050+11%15.208-17.769+217%17.885-15%-5.902+139%17.938-15%
Price To Total Gains Ratio-7.326-12%-6.53452.701-112%41.200-116%-222.856+3311%-77.351+1084%
Quick Ratio--1.3941.247+12%1.151+21%1.027+36%1.077+29%
Return On Assets---0.365-0.084-77%0.017-2301%-0.009-97%0.015-2455%
Return On Equity---0.603-0.141-77%0.023-2767%-0.018-97%0.019-3332%
Total Gains Per Share---18.947-3.527-81%11.512-265%0.599-3264%2.142-984%
Usd Book Value--39799600.00058153100.000-32%59793400.000-33%58061920.000-31%44501010.000-11%
Usd Book Value Change Per Share---1.781-0.411-77%1.012-276%-0.044-98%0.022-8213%
Usd Book Value Per Share--2.9144.226-31%4.371-33%4.068-28%3.170-8%
Usd Dividend Per Share---0.080-100%0.070-100%0.100-100%0.179-100%
Usd Eps---1.758-0.394-78%0.099-1874%-0.002-100%0.059-3091%
Usd Free Cash Flow--2613200.0001934050.000+35%-86950.000+103%726620.000+260%1219415.000+114%
Usd Free Cash Flow Per Share--0.1910.141+36%-0.006+103%0.058+229%0.092+108%
Usd Free Cash Flow To Equity Per Share--0.0960.056+71%-0.074+177%-0.003+103%0.067+45%
Usd Market Cap177744615.040+11%158964152.000134924921.000+18%172481070.000-8%240076881.720-34%222599453.759-29%
Usd Price Per Share13.047+11%11.6379.818+19%12.605-8%13.755-15%14.405-19%
Usd Profit---24017000.000-5381500.000-78%1355950.000-1871%-461540.000-98%585150.000-4204%
Usd Revenue--11834600.00010765350.000+10%9867650.000+20%9463920.000+25%8553060.000+38%
Usd Total Gains Per Share---1.781-0.332-81%1.082-265%0.056-3264%0.201-984%
 EOD+4 -4MRQTTM+14 -21YOY+13 -225Y+14 -2110Y+15 -20

3.2. Fundamental Score

Let's check the fundamental score of IAR Systems Group AB (publ) based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-1.855
Price to Book Ratio (EOD)Between0-14.478
Net Profit Margin (MRQ)Greater than0-2.029
Operating Margin (MRQ)Greater than00.239
Quick Ratio (MRQ)Greater than11.394
Current Ratio (MRQ)Greater than11.646
Debt to Asset Ratio (MRQ)Less than10.395
Debt to Equity Ratio (MRQ)Less than10.653
Return on Equity (MRQ)Greater than0.15-0.603
Return on Assets (MRQ)Greater than0.05-0.365
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of IAR Systems Group AB (publ) based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5057.711
Ma 20Greater thanMa 50134.650
Ma 50Greater thanMa 100133.528
Ma 100Greater thanMa 200126.047
OpenGreater thanClose138.800
Total4/5 (80.0%)



Reversals in quarterly reports

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

 2022-12-312023-03-312023-06-302023-09-302023-12-31
Income before Tax  14,700-3,00011,7002,30014,00010,90024,900-278,900-254,000
Net Income  14,600-8,2006,400-3006,1007,90014,000-269,500-255,500



Latest Balance Sheet

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

Summary
Total Assets700,000
Total Liabilities276,600
Total Stockholder Equity423,400
 As reported
Total Liabilities 276,600
Total Stockholder Equity+ 423,400
Total Assets = 700,000

Assets

Total Assets700,000
Total Current Assets325,300
Long-term Assets374,700
Total Current Assets
Cash And Cash Equivalents 197,400
Net Receivables 78,000
Inventory 9,700
Other Current Assets 40,200
Total Current Assets  (as reported)325,300
Total Current Assets  (calculated)325,300
+/-0
Long-term Assets
Property Plant Equipment 64,900
Goodwill 117,500
Long-term Assets Other 181,700
Long-term Assets  (as reported)374,700
Long-term Assets  (calculated)364,100
+/- 10,600

Liabilities & Shareholders' Equity

Total Current Liabilities197,600
Long-term Liabilities79,000
Total Stockholder Equity423,400
Total Current Liabilities
Short-term Debt 16,800
Accounts payable 6,700
Other Current Liabilities 47,300
Total Current Liabilities  (as reported)197,600
Total Current Liabilities  (calculated)70,800
+/- 126,800
Long-term Liabilities
Long-term Liabilities  (as reported)79,000
Long-term Liabilities  (calculated)0
+/- 79,000
Total Stockholder Equity
Common Stock139,700
Retained Earnings -14,900
Accumulated Other Comprehensive Income 70,500
Other Stockholders Equity 228,100
Total Stockholder Equity (as reported)423,400
Total Stockholder Equity (calculated)423,400
+/-0
Other
Cash and Short Term Investments 197,400
Common Stock Shares Outstanding 13,660
Current Deferred Revenue126,800
Liabilities and Stockholders Equity 700,000
Net Debt -145,700
Net Working Capital 127,700
Short Long Term Debt Total 51,700



Balance Sheet

All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-31
> Total Assets 
0
0
0
738,400
740,100
736,900
734,700
744,200
700,300
275,600
287,600
308,900
306,700
319,200
328,600
324,100
326,000
317,400
338,500
369,500
382,400
345,100
359,600
375,400
399,000
353,100
367,300
398,700
410,900
353,100
372,600
395,900
415,100
380,900
390,400
410,100
633,200
685,800
721,300
722,200
796,400
770,800
801,800
824,900
849,100
834,800
838,600
833,500
884,400
879,200
901,400
812,800
822,900
851,200
878,900
922,200
959,100
985,500
967,300
700,000
700,000967,300985,500959,100922,200878,900851,200822,900812,800901,400879,200884,400833,500838,600834,800849,100824,900801,800770,800796,400722,200721,300685,800633,200410,100390,400380,900415,100395,900372,600353,100410,900398,700367,300353,100399,000375,400359,600345,100382,400369,500338,500317,400326,000324,100328,600319,200306,700308,900287,600275,600700,300744,200734,700736,900740,100738,400000
   > Total Current Assets 
0
0
0
257,800
259,600
251,400
248,900
76,400
62,600
72,100
81,100
84,600
80,600
90,400
93,600
98,200
98,300
86,100
106,600
134,500
145,400
99,100
110,600
124,100
148,200
104,800
122,200
158,100
173,100
117,100
142,100
172,000
197,300
149,500
165,500
187,300
371,400
188,800
199,800
214,100
224,500
186,100
177,400
186,000
186,000
196,700
195,000
196,000
202,700
201,700
214,600
225,700
232,000
247,600
268,900
259,600
292,600
299,600
296,300
325,300
325,300296,300299,600292,600259,600268,900247,600232,000225,700214,600201,700202,700196,000195,000196,700186,000186,000177,400186,100224,500214,100199,800188,800371,400187,300165,500149,500197,300172,000142,100117,100173,100158,100122,200104,800148,200124,100110,60099,100145,400134,500106,60086,10098,30098,20093,60090,40080,60084,60081,10072,10062,60076,400248,900251,400259,600257,800000
       Cash And Cash Equivalents 
0
0
0
60,600
52,100
45,300
44,500
25,100
19,800
30,900
43,300
36,500
32,700
37,500
40,200
49,000
46,400
30,100
54,800
81,800
95,700
41,100
58,800
70,700
86,000
47,800
64,500
89,400
106,000
34,900
63,800
99,200
120,500
64,300
90,000
119,500
114,500
84,600
91,500
106,100
104,400
55,800
57,400
60,700
57,400
56,700
65,700
67,800
66,800
72,200
91,300
113,400
125,000
117,900
158,800
148,200
158,100
153,800
186,000
197,400
197,400186,000153,800158,100148,200158,800117,900125,000113,40091,30072,20066,80067,80065,70056,70057,40060,70057,40055,800104,400106,10091,50084,600114,500119,50090,00064,300120,50099,20063,80034,900106,00089,40064,50047,80086,00070,70058,80041,10095,70081,80054,80030,10046,40049,00040,20037,50032,70036,50043,30030,90019,80025,10044,50045,30052,10060,600000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
60,100
50,900
56,100
48,800
53,700
54,100
62,800
56,300
87,100
69,700
72,100
66,100
103,100
64,500
69,200
51,900
108,400
61,400
62,300
55,600
88,700
52,800
82,300
62,100
66,600
67,700
75,100
60,600
78,000
78,00060,60075,10067,70066,60062,10082,30052,80088,70055,60062,30061,400108,40051,90069,20064,500103,10066,10072,10069,70087,10056,30062,80054,10053,70048,80056,10050,90060,1000000000000000000000000000000000
       Other Current Assets 
0
0
0
123,700
127,800
116,100
113,400
49,400
40,100
38,400
34,900
43,500
43,600
49,000
49,500
45,300
48,100
51,100
47,700
49,400
45,900
53,600
48,200
49,700
59,000
53,000
54,000
63,600
61,700
76,600
72,400
67,200
71,100
79,600
70,000
62,600
252,300
99,300
103,100
101,400
113,700
123,700
113,100
118,700
120,800
132,500
122,000
122,500
128,800
122,000
114,600
102,800
44,300
35,300
35,900
33,500
56,400
59,500
39,200
40,200
40,20039,20059,50056,40033,50035,90035,30044,300102,800114,600122,000128,800122,500122,000132,500120,800118,700113,100123,700113,700101,400103,10099,300252,30062,60070,00079,60071,10067,20072,40076,60061,70063,60054,00053,00059,00049,70048,20053,60045,90049,40047,70051,10048,10045,30049,50049,00043,60043,50034,90038,40040,10049,400113,400116,100127,800123,700000
   > Long-term Assets 
0
0
0
480,600
480,500
485,500
485,800
667,800
637,700
203,500
206,500
224,300
226,100
228,800
235,000
225,900
227,700
231,300
231,900
235,000
237,000
246,000
249,000
251,300
250,800
248,300
245,100
240,600
237,800
236,000
230,500
223,900
217,800
231,400
224,900
222,800
261,800
497,000
521,500
508,100
571,900
584,700
624,400
638,900
663,100
638,100
643,600
637,500
681,700
677,500
686,800
587,100
590,900
603,600
610,000
662,600
666,500
685,900
671,000
374,700
374,700671,000685,900666,500662,600610,000603,600590,900587,100686,800677,500681,700637,500643,600638,100663,100638,900624,400584,700571,900508,100521,500497,000261,800222,800224,900231,400217,800223,900230,500236,000237,800240,600245,100248,300250,800251,300249,000246,000237,000235,000231,900231,300227,700225,900235,000228,800226,100224,300206,500203,500637,700667,800485,800485,500480,500480,600000
       Property Plant Equipment 
0
0
0
54,300
54,400
54,400
54,300
5,900
4,800
5,100
5,200
5,800
5,700
5,700
5,600
12,600
6,400
6,400
6,500
12,200
6,300
6,400
6,800
16,000
7,700
7,200
6,900
13,000
6,800
6,600
6,200
6,200
5,900
6,100
6,100
6,200
5,900
7,200
8,900
9,900
6,300
40,000
49,800
64,900
61,200
59,100
54,600
54,300
51,600
47,400
49,000
50,200
47,700
44,700
42,200
85,000
79,600
74,900
72,800
64,900
64,90072,80074,90079,60085,00042,20044,70047,70050,20049,00047,40051,60054,30054,60059,10061,20064,90049,80040,0006,3009,9008,9007,2005,9006,2006,1006,1005,9006,2006,2006,6006,80013,0006,9007,2007,70016,0006,8006,4006,30012,2006,5006,4006,40012,6005,6005,7005,7005,8005,2005,1004,8005,90054,30054,40054,40054,300000
       Goodwill 
0
0
0
288,700
0
288,400
288,400
132,100
97,400
97,400
97,400
0
110,700
0
0
110,700
110,700
110,700
110,700
110,700
0
110,500
111,300
112,400
114,000
113,300
113,600
113,500
113,100
113,700
114,000
114,900
114,600
113,700
113,000
113,500
195,100
349,000
363,300
339,300
354,500
348,000
355,200
357,200
362,100
342,500
342,800
332,700
351,700
346,700
348,100
355,900
356,200
362,800
364,400
366,600
371,200
389,100
380,300
117,500
117,500380,300389,100371,200366,600364,400362,800356,200355,900348,100346,700351,700332,700342,800342,500362,100357,200355,200348,000354,500339,300363,300349,000195,100113,500113,000113,700114,600114,900114,000113,700113,100113,500113,600113,300114,000112,400111,300110,5000110,700110,700110,700110,700110,70000110,700097,40097,40097,400132,100288,400288,4000288,700000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,900
4,700
22,400
22,400
17,800
58,000
1,800
1,700
1,800
1,800
2,400
2,500
2,400
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000002,4002,5002,4001,8001,8001,7001,80058,00017,80022,40022,4004,7002,9000000000000000000000000000000000
       Intangible Assets 
0
0
0
30,300
0
34,800
35,400
26,700
24,100
25,000
25,500
138,900
31,800
0
0
41,600
44,400
47,500
49,700
53,700
167,670
67,600
71,400
73,500
75,800
77,400
78,200
78,800
80,200
81,700
81,700
82,100
82,100
82,400
81,500
80,900
81,600
130,500
137,700
144,800
194,200
176,100
195,100
210,500
229,600
232,300
242,200
244,000
272,000
276,400
283,200
175,600
180,600
188,800
196,100
204,100
207,700
213,200
209,500
0
0209,500213,200207,700204,100196,100188,800180,600175,600283,200276,400272,000244,000242,200232,300229,600210,500195,100176,100194,200144,800137,700130,50081,60080,90081,50082,40082,10082,10081,70081,70080,20078,80078,20077,40075,80073,50071,40067,600167,67053,70049,70047,50044,40041,6000031,800138,90025,50025,00024,10026,70035,40034,800030,300000
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
17,800
10,500
6,800
1,900
4,400
2,800
8,500
9,900
15,100
15,100
18,200
21,800
7,600
7,700
1,800
1,600
6,400
6,400
7,000
6,500
5,600
6,400
7,300
7,300
3,200
4,600
4,900
4,700
0
04,7004,9004,6003,2007,3007,3006,4005,6006,5007,0006,4006,4001,6001,8007,7007,60021,80018,20015,10015,1009,9008,5002,8004,4001,9006,80010,50017,8000000000000000000000000000000000
> Total Liabilities 
0
0
0
146,500
138,800
142,300
132,700
145,700
143,900
53,600
56,400
67,800
61,100
67,700
69,200
70,300
65,500
73,400
71,500
74,500
73,000
84,500
83,900
86,800
91,300
95,000
89,900
107,800
105,200
117,600
114,500
116,400
117,200
127,100
118,000
119,700
125,600
178,400
165,000
172,200
202,600
230,600
227,800
232,900
233,900
233,700
219,400
220,100
224,500
219,200
220,900
227,500
224,300
223,300
227,800
255,400
281,200
302,400
277,100
276,600
276,600277,100302,400281,200255,400227,800223,300224,300227,500220,900219,200224,500220,100219,400233,700233,900232,900227,800230,600202,600172,200165,000178,400125,600119,700118,000127,100117,200116,400114,500117,600105,200107,80089,90095,00091,30086,80083,90084,50073,00074,50071,50073,40065,50070,30069,20067,70061,10067,80056,40053,600143,900145,700132,700142,300138,800146,500000
   > Total Current Liabilities 
0
0
0
111,500
104,600
109,200
101,000
71,200
44,600
48,400
51,300
62,800
56,200
60,800
59,000
60,500
55,200
62,000
59,400
60,900
58,200
68,900
67,800
70,700
74,900
78,000
71,400
89,600
86,600
98,300
94,800
98,600
99,100
108,800
99,800
102,300
108,500
150,400
137,200
139,800
143,900
169,700
156,300
164,200
166,700
159,600
149,800
150,100
157,900
161,100
157,500
178,500
177,600
180,300
176,400
173,300
190,400
210,000
186,800
197,600
197,600186,800210,000190,400173,300176,400180,300177,600178,500157,500161,100157,900150,100149,800159,600166,700164,200156,300169,700143,900139,800137,200150,400108,500102,30099,800108,80099,10098,60094,80098,30086,60089,60071,40078,00074,90070,70067,80068,90058,20060,90059,40062,00055,20060,50059,00060,80056,20062,80051,30048,40044,60071,200101,000109,200104,600111,500000
       Short-term Debt 
0
0
0
5,000
4,800
16,500
21,300
10,300
500
500
500
500
500
500
600
1,200
1,300
1,200
1,400
1,300
1,000
500
500
800
400
500
1,000
1,200
1,100
1,300
1,100
1,100
1,000
1,000
900
800
900
1,200
1,400
1,600
8,100
39,000
36,800
38,000
43,200
30,800
33,900
34,600
35,200
35,400
35,500
36,500
35,500
15,900
13,600
19,000
19,300
17,400
18,800
16,800
16,80018,80017,40019,30019,00013,60015,90035,50036,50035,50035,40035,20034,60033,90030,80043,20038,00036,80039,0008,1001,6001,4001,2009008009001,0001,0001,1001,1001,3001,1001,2001,0005004008005005001,0001,3001,4001,2001,3001,20060050050050050050050010,30021,30016,5004,8005,000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,700
2,500
2,600
2,700
2,500
2,300
2,900
0
0
8,100
29,700
24,800
24,900
30,200
17,300
17,400
17,500
17,800
17,900
18,000
18,000
18,400
0
0
0
0
0
0
0
000000018,40018,00018,00017,90017,80017,50017,40017,30030,20024,90024,80029,7008,100002,9002,3002,5002,7002,6002,5002,7000000000000000000000000000000000
       Accounts payable 
0
0
0
35,900
34,500
32,700
23,200
14,100
7,600
7,100
5,700
10,700
7,600
7,200
6,900
6,100
5,500
5,100
6,300
5,700
4,600
4,100
4,400
5,200
6,200
5,100
4,800
4,800
4,600
4,000
3,100
5,300
4,700
5,500
4,300
5,700
7,700
7,900
6,400
7,300
9,400
7,400
8,000
9,200
6,800
7,000
6,000
5,000
6,900
7,200
7,200
9,200
8,700
9,000
7,200
8,400
8,100
7,400
6,800
6,700
6,7006,8007,4008,1008,4007,2009,0008,7009,2007,2007,2006,9005,0006,0007,0006,8009,2008,0007,4009,4007,3006,4007,9007,7005,7004,3005,5004,7005,3003,1004,0004,6004,8004,8005,1006,2005,2004,4004,1004,6005,7006,3005,1005,5006,1006,9007,2007,60010,7005,7007,1007,60014,10023,20032,70034,50035,900000
       Other Current Liabilities 
0
0
0
70,600
65,300
60,000
56,500
46,800
36,500
40,800
45,100
51,600
48,100
53,100
51,500
53,200
48,400
55,700
51,700
53,900
52,600
64,300
62,900
64,700
68,300
72,400
65,600
83,600
80,900
93,000
90,600
92,200
93,400
102,300
94,600
95,800
99,900
141,300
129,400
130,900
126,400
123,300
111,500
117,000
116,700
121,800
109,900
110,500
115,800
118,500
114,800
132,800
133,400
155,400
155,600
145,900
43,600
55,600
38,700
47,300
47,30038,70055,60043,600145,900155,600155,400133,400132,800114,800118,500115,800110,500109,900121,800116,700117,000111,500123,300126,400130,900129,400141,30099,90095,80094,600102,30093,40092,20090,60093,00080,90083,60065,60072,40068,30064,70062,90064,30052,60053,90051,70055,70048,40053,20051,50053,10048,10051,60045,10040,80036,50046,80056,50060,00065,30070,600000
   > Long-term Liabilities 
0
0
0
35,000
34,200
33,100
31,700
74,500
99,300
5,200
5,100
5,000
4,900
6,900
10,200
9,800
10,300
11,400
12,100
13,600
14,800
15,600
16,100
16,100
16,400
17,000
18,500
18,200
18,600
19,300
19,700
17,800
18,100
18,300
18,200
17,400
17,100
28,000
27,800
32,400
58,700
60,900
71,500
68,700
67,200
74,100
69,600
70,000
66,600
58,100
63,400
49,000
46,700
43,000
51,400
82,100
90,800
92,400
90,300
79,000
79,00090,30092,40090,80082,10051,40043,00046,70049,00063,40058,10066,60070,00069,60074,10067,20068,70071,50060,90058,70032,40027,80028,00017,10017,40018,20018,30018,10017,80019,70019,30018,60018,20018,50017,00016,40016,10016,10015,60014,80013,60012,10011,40010,3009,80010,2006,9004,9005,0005,1005,20099,30074,50031,70033,10034,20035,000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
28,600
23,000
19,400
19,500
17,500
16,100
14,100
50,300
46,200
41,700
39,400
0
039,40041,70046,20050,30014,10016,10017,50019,50019,40023,00028,600000000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
16,200
16,600
16,700
16,400
15,700
15,700
26,300
26,300
31,200
35,600
35,500
39,200
27,600
28,600
38,200
37,400
38,300
38,000
35,100
44,000
29,500
29,200
26,900
37,300
31,800
0
50,700
0
0
0050,700031,80037,30026,90029,20029,50044,00035,10038,00038,30037,40038,20028,60027,60039,20035,50035,60031,20026,30026,30015,70015,70016,40016,70016,60016,2000000000000000000000000000000000
> Total Stockholder Equity
0
0
0
591,900
601,300
594,600
602,000
598,500
556,400
222,000
231,200
241,100
245,600
251,500
259,400
253,800
260,500
244,000
267,000
295,000
309,400
260,600
275,700
288,600
307,700
258,100
277,400
290,900
305,700
235,500
258,100
279,500
297,900
253,800
272,400
290,400
507,600
507,400
556,300
550,000
593,800
540,200
574,000
592,000
615,200
601,100
619,200
613,400
659,900
660,000
680,500
585,300
598,600
627,900
651,100
666,800
677,900
683,100
690,200
423,400
423,400690,200683,100677,900666,800651,100627,900598,600585,300680,500660,000659,900613,400619,200601,100615,200592,000574,000540,200593,800550,000556,300507,400507,600290,400272,400253,800297,900279,500258,100235,500305,700290,900277,400258,100307,700288,600275,700260,600309,400295,000267,000244,000260,500253,800259,400251,500245,600241,100231,200222,000556,400598,500602,000594,600601,300591,900000
   Common Stock
0
0
0
116,900
0
0
0
116,900
0
0
0
116,900
0
0
0
116,900
0
0
0
123,400
0
0
0
126,300
0
0
0
126,300
0
0
0
126,300
126,321
126,321
126,321
126,300
126,321
136,086
136,086
139,700
139,683
139,683
139,683
139,700
139,683
139,683
139,683
139,700
139,683
139,683
139,683
139,700
139,683
139,683
139,683
139,700
139,683
139,683
139,683
139,700
139,700139,683139,683139,683139,700139,683139,683139,683139,700139,683139,683139,683139,700139,683139,683139,683139,700139,683139,683139,683139,700136,086136,086126,321126,300126,321126,321126,321126,300000126,300000126,300000123,400000116,900000116,900000116,900000116,900000
   Retained Earnings Total Equity000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
70,500
70,50000000000000000000000000000000000000000000000000000000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
227,700
0
0
0
227,800
0
0
0
228,000
0
0
0
0
0
0
0
0
00000000228,000000227,800000227,7000000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
289,300
0
0
0
288,900
0
0
0
900
0
0
0
100
0
0
0
15,400
0
0
0
26,900
0
0
0
29,000
0
0
0
32,000
171,579
127,479
146,079
26,100
381,279
371,314
420,214
240,800
454,117
400,517
434,317
265,900
475,517
461,417
479,517
226,800
520,217
520,317
680,500
265,800
598,600
627,900
651,100
288,500
538,217
543,417
550,517
228,100
228,100550,517543,417538,217288,500651,100627,900598,600265,800680,500520,317520,217226,800479,517461,417475,517265,900434,317400,517454,117240,800420,214371,314381,27926,100146,079127,479171,57932,00000029,00000026,90000015,400000100000900000288,900000289,300000



Balance Sheet

All numbers in thousands.




Cash Flow

Currency in SEK. All numbers in thousands.




Income Statement

Currency in SEK. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue458,100
Cost of Revenue-374,200
Gross Profit83,90083,900
 
Operating Income (+$)
Gross Profit83,900
Operating Expense-368,000
Operating Income83,900-284,100
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense368,0000
 
Net Interest Income (+$)
Interest Income700
Interest Expense-900
Other Finance Cost-2,000
Net Interest Income-2,200
 
Pretax Income (+$)
Operating Income83,900
Net Interest Income-2,200
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-203,400371,200
EBIT - interestExpense = 83,000
-203,400
-228,100
Interest Expense900
Earnings Before Interest and Taxes (EBIT)83,900-202,500
Earnings Before Interest and Taxes (EBITDA)140,900
 
After tax Income (+$)
Income Before Tax-203,400
Tax Provision-24,200
Net Income From Continuing Ops41,100-227,600
Net Income-229,000
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses374,200
Total Other Income/Expenses Net-287,3002,200
 

Technical Analysis of Iar
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 Iar. The general trend of Iar is BULLISH with 100.0% 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 Iar'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 (100.0%) Bearish trend (-100.0%)
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 IAR Systems Group AB (publ).

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: 140.87 < 140.87 < 141.00.

The bearish price targets are: 128.00 > 125.60 > 125.60.

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IAR Systems Group AB (publ) 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 IAR Systems Group AB (publ). The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-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 higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

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

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

IAR Systems Group AB (publ) 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 IAR Systems Group AB (publ). The current macd is 0.90099155.

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 Iar price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Iar. 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 Iar 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
IAR Systems Group AB (publ) Daily Moving Average Convergence/Divergence (MACD) ChartIAR Systems Group AB (publ) 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 IAR Systems Group AB (publ). The current adx is 12.54.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-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 Iar shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
IAR Systems Group AB (publ) 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 IAR Systems Group AB (publ). The current sar is 141.95.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
IAR Systems Group AB (publ) 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 IAR Systems Group AB (publ). The current rsi is 57.71. The current phase is Continuation in bull market.

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

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
IAR Systems Group AB (publ) Daily Relative Strength Index (RSI) ChartIAR Systems Group AB (publ) 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 IAR Systems Group AB (publ). The current phase is Continuation in bull 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 Iar price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
IAR Systems Group AB (publ) Daily Stochastic Oscillator ChartIAR Systems Group AB (publ) 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 IAR Systems Group AB (publ). The current cci is 91.26.

IAR Systems Group AB (publ) Daily Commodity Channel Index (CCI) ChartIAR Systems Group AB (publ) 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 IAR Systems Group AB (publ). The current cmo is 21.19.

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
IAR Systems Group AB (publ) Daily Chande Momentum Oscillator (CMO) ChartIAR Systems Group AB (publ) 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 IAR Systems Group AB (publ). The current willr is -27.77777778.

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 Iar is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
IAR Systems Group AB (publ) Daily Williams %R ChartIAR Systems Group AB (publ) 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 IAR Systems Group AB (publ).

IAR Systems Group AB (publ) 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 IAR Systems Group AB (publ). The current atr is 4.90346655.

IAR Systems Group AB (publ) Daily Average True Range (ATR) ChartIAR Systems Group AB (publ) 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 IAR Systems Group AB (publ). The current obv is 237,894.

IAR Systems Group AB (publ) Daily On-Balance Volume (OBV) ChartIAR Systems Group AB (publ) 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 IAR Systems Group AB (publ). The current mfi is 71.00.

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
IAR Systems Group AB (publ) Daily Money Flow Index (MFI) ChartIAR Systems Group AB (publ) Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for IAR Systems Group AB (publ).

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.
2023-11-10WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-14ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-21BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-23STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-24RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-27SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-30WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-12MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-14MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-18SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-22SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-02MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH 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).
2024-01-03RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-04WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-09MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-17WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-19STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-23CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-24SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-29CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-30STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-31CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-01CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-08MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-12STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-13STOCH 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
2024-02-15WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-19MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-20DMI 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.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-21MACD 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.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-22WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-27MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-29CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-06DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-07DMI 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
2024-03-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-12WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-13DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-21MACD 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.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-25SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
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.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.

6.3. Candlestick Patterns

IAR Systems Group AB (publ) Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of IAR Systems Group AB (publ) based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5057.711
Ma 20Greater thanMa 50134.650
Ma 50Greater thanMa 100133.528
Ma 100Greater thanMa 200126.047
OpenGreater thanClose138.800
Total4/5 (80.0%)
Penke

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