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Icade SA
Buy, Hold or Sell?

Let's analyse Icade together

PenkeI guess you are interested in Icade SA. 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 Icade SA. 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 Icade (30 sec.)










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

How much money do you get?

How much money do you get?
€18.74
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
€66.89
Expected worth in 1 year
€-123.74
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
€-173.31
Return On Investment
-690.5%

For what price can you sell your share?

Current Price per Share
€25.10
Expected price per share
€24.50 - €27.43
How sure are you?
50%

1. Valuation of Icade (5 min.)




Live pricePrice per Share (EOD)

€25.10

Intrinsic Value Per Share

€-44.87 - €-2.65

Total Value Per Share

€22.02 - €64.24

2. Growth of Icade (5 min.)




Is Icade growing?

Current yearPrevious yearGrowGrow %
How rich?$5.4b$9.3b-$3.9b-71.4%

How much money is Icade making?

Current yearPrevious yearGrowGrow %
Making money-$1.2b$58.5m-$1.2b-104.8%
Net Profit Margin-67.7%2.8%--

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

3. Financial Health of Icade (5 min.)




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

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

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

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

Speculation

The Price per Share of Icade is €25.10. 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 Icade.
  • 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 Icade, 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 €66.89. Based on the TTM, the Book Value Change Per Share is €-47.66 per quarter. Based on the YOY, the Book Value Change Per Share is €0.47 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 €4.33 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Icade.

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 Eps-16.03-63.8%-16.03-63.8%0.773.1%-0.98-3.9%-0.03-0.1%
Usd Book Value Change Per Share-51.55-205.4%-51.55-205.4%0.512.0%3.2312.8%0.692.8%
Usd Dividend Per Share4.6818.7%4.6818.7%4.5318.1%4.2216.8%4.1616.6%
Usd Total Gains Per Share-46.87-186.7%-46.87-186.7%5.0420.1%7.4529.7%4.8519.3%
Usd Price Per Share38.44-38.44-43.53-64.65-69.59-
Price to Earnings Ratio-2.40--2.40-56.39-57.45-45.64-
Price-to-Total Gains Ratio-0.82--0.82-8.63-6.14-53.72-
Price to Book Ratio0.53-0.53-0.35-0.76-1.01-
Price-to-Total Gains Ratio-0.82--0.82-8.63-6.14-53.72-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share27.15067
Number of shares36
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share4.684.22
Usd Book Value Change Per Share-51.553.23
Usd Total Gains Per Share-46.877.45
Gains per Quarter (36 shares)-1,687.24268.10
Gains per Year (36 shares)-6,748.971,072.41
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1675-7424-67596084641062
21349-14847-1350812169292134
32024-22271-20257182413933206
42698-29694-27006243218584278
53373-37118-33755304023225350
64047-44541-40504364827876422
74722-51965-47253425632517494
85397-59388-54002486437158566
96071-66812-60751547241809638
106746-74235-675006080464410710

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%8.02.00.080.0%22.02.00.091.7%
Book Value Change Per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%5.05.00.050.0%16.08.00.066.7%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%20.00.04.083.3%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%9.01.00.090.0%21.03.00.087.5%

Fundamentals of Icade

About Icade SA

Icade is a full-service real estate company with expertise in both commercial property investment (portfolio worth "6.8bn on a full consolidation basis as of 12/31/2023) and property development (2023 economic revenue of "1.3bn) that operates throughout France. Icade has forged longterm partnerships to respond to emerging trends in the industry. It has made climate issues and the preservation of biodiversity central to its business model to reinvent real estate and contribute to more sustainable cities. It is listed as a "SIIC" on Euronext Paris and its leading shareholder is the Caisse des Dépôts group.

Fundamental data was last updated by Penke on 2024-03-18 23:31:04.

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 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 able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

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

1.1. Profitability of Icade SA.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Icade to the REIT - Diversified industry mean.
  • A Net Profit Margin of -67.7% means that €-0.68 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Icade SA:

  • The MRQ is -67.7%. The company is making a huge loss. -2
  • The TTM is -67.7%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-67.7%TTM-67.7%0.0%
TTM-67.7%YOY2.8%-70.5%
TTM-67.7%5Y-3.9%-63.8%
5Y-3.9%10Y-0.2%-3.7%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Icade to the REIT - Diversified industry mean.
  • -9.7% Return on Assets means that Icade generated €-0.10 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Icade SA:

  • The MRQ is -9.7%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -9.7%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-9.7%TTM-9.7%0.0%
TTM-9.7%YOY0.3%-10.0%
TTM-9.7%5Y-0.9%-8.8%
5Y-0.9%10Y-0.2%-0.7%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Icade to the REIT - Diversified industry mean.
  • -22.5% Return on Equity means Icade generated €-0.23 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Icade SA:

  • The MRQ is -22.5%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -22.5%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-22.5%TTM-22.5%0.0%
TTM-22.5%YOY0.8%-23.3%
TTM-22.5%5Y-1.2%-21.3%
5Y-1.2%10Y0.4%-1.6%

1.2. Operating Efficiency of Icade SA.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Icade is operating .

  • Measures how much profit Icade 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 Icade to the REIT - Diversified industry mean.
  • An Operating Margin of 15.5% means the company generated €0.16  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Icade SA:

  • The MRQ is 15.5%. The company is operating efficient. +1
  • The TTM is 15.5%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ15.5%TTM15.5%0.0%
TTM15.5%YOY31.8%-16.3%
TTM15.5%5Y24.4%-8.9%
5Y24.4%10Y18.6%+5.9%
1.2.2. Operating Ratio

Measures how efficient Icade is keeping operating costs low.

  • Below 1 is considered healthy (always compare to REIT - Diversified industry mean).
  • An Operation Ratio of 0.84 means that the operating costs are €0.84 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Icade SA:

  • The MRQ is 0.845. The company is less efficient in keeping operating costs low.
  • The TTM is 0.845. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.845TTM0.8450.000
TTM0.845YOY0.682+0.163
TTM0.8455Y0.770+0.075
5Y0.77010Y0.819-0.049

1.3. Liquidity of Icade SA.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to REIT - Diversified industry mean).
  • A Current Ratio of 0.00 means the company has €0.00 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Icade SA:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY1.124-1.124
TTM-5Y0.822-0.822
5Y0.82210Y0.890-0.068
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Icade to the REIT - Diversified industry mean.
  • A Quick Ratio of 5.18 means the company can pay off €5.18 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Icade SA:

  • The MRQ is 5.177. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 5.177. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ5.177TTM5.1770.000
TTM5.177YOY0.769+4.408
TTM5.1775Y1.637+3.540
5Y1.63710Y1.164+0.473

1.4. Solvency of Icade SA.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Icade to REIT - Diversified industry mean.
  • A Debt to Asset Ratio of 0.56 means that Icade assets are financed with 56.3% credit (debt) and the remaining percentage (100% - 56.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Icade SA:

  • The MRQ is 0.563. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.563. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.563TTM0.5630.000
TTM0.563YOY0.523+0.040
TTM0.5635Y0.559+0.004
5Y0.55910Y0.582-0.023
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Icade to the REIT - Diversified industry mean.
  • A Debt to Equity ratio of 131.0% means that company has €1.31 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Icade SA:

  • The MRQ is 1.310. The company is able to pay all its debts with equity. +1
  • The TTM is 1.310. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.310TTM1.3100.000
TTM1.310YOY1.447-0.137
TTM1.3105Y1.630-0.319
5Y1.63010Y1.752-0.122

2. Market Valuation of Icade SA

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 Icade generates.

  • Above 15 is considered overpriced but always compare Icade to the REIT - Diversified industry mean.
  • A PE ratio of -2.40 means the investor is paying €-2.40 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Icade SA:

  • The EOD is -1.694. Based on the earnings, the company is expensive. -2
  • The MRQ is -2.399. Based on the earnings, the company is expensive. -2
  • The TTM is -2.399. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-1.694MRQ-2.399+0.705
MRQ-2.399TTM-2.3990.000
TTM-2.399YOY56.392-58.791
TTM-2.3995Y57.452-59.851
5Y57.45210Y45.639+11.813
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 528.231. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is 747.941. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is 747.941. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD528.231MRQ747.941-219.710
MRQ747.941TTM747.9410.000
TTM747.941YOY-13.027+760.968
TTM747.9415Y149.509+598.433
5Y149.50910Y65.144+84.365
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to REIT - Diversified industry mean).
  • A PB ratio of 0.53 means the investor is paying €0.53 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Icade SA:

  • The EOD is 0.375. Based on the equity, the company is cheap. +2
  • The MRQ is 0.531. Based on the equity, the company is cheap. +2
  • The TTM is 0.531. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.375MRQ0.531-0.156
MRQ0.531TTM0.5310.000
TTM0.531YOY0.351+0.180
TTM0.5315Y0.763-0.232
5Y0.76310Y1.006-0.243
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Icade SA 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---47.659-47.6590%0.471-10212%2.982-1698%0.641-7530%
Book Value Per Share--66.89066.8900%114.548-42%91.457-27%73.385-9%
Current Ratio----0%1.124-100%0.822-100%0.890-100%
Debt To Asset Ratio--0.5630.5630%0.523+8%0.559+1%0.582-3%
Debt To Equity Ratio--1.3101.3100%1.447-9%1.630-20%1.752-25%
Dividend Per Share--4.3314.3310%4.192+3%3.903+11%3.846+13%
Eps---14.815-14.8150%0.714-2176%-0.907-94%-0.028-100%
Free Cash Flow Per Share--0.0480.0480%-3.089+6601%-2.708+5799%-3.534+7538%
Free Cash Flow To Equity Per Share---11.630-11.6300%-2.829-76%-4.335-63%-4.780-59%
Gross Profit Margin--1.0001.0000%1.0000%-0.214+121%0.153+554%
Intrinsic Value_10Y_max---2.648--------
Intrinsic Value_10Y_min---44.867--------
Intrinsic Value_1Y_max---2.186--------
Intrinsic Value_1Y_min---3.815--------
Intrinsic Value_3Y_max---5.105--------
Intrinsic Value_3Y_min---12.121--------
Intrinsic Value_5Y_max---6.258--------
Intrinsic Value_5Y_min---21.083--------
Market Cap1900880830.400-42%2692589227.7202692589227.7200%3050807269.600-12%4527097380.904-41%4872678027.860-45%
Net Profit Margin---0.677-0.6770%0.028-2556%-0.039-94%-0.002-100%
Operating Margin--0.1550.1550%0.318-51%0.244-36%0.186-16%
Operating Ratio--0.8450.8450%0.682+24%0.770+10%0.819+3%
Pb Ratio0.375-42%0.5310.5310%0.351+51%0.763-30%1.006-47%
Pe Ratio-1.694+29%-2.399-2.3990%56.392-104%57.452-104%45.639-105%
Price Per Share25.100-42%35.54035.5400%40.240-12%59.766-41%64.335-45%
Price To Free Cash Flow Ratio528.231-42%747.941747.9410%-13.027+102%149.509+400%65.144+1048%
Price To Total Gains Ratio-0.579+29%-0.820-0.8200%8.629-110%6.139-113%53.721-102%
Quick Ratio--5.1775.1770%0.769+573%1.637+216%1.164+345%
Return On Assets---0.097-0.0970%0.003-3358%-0.009-91%-0.002-98%
Return On Equity---0.225-0.2250%0.008-2841%-0.012-95%0.004-6126%
Total Gains Per Share---43.328-43.3280%4.663-1029%6.885-729%4.488-1066%
Usd Book Value--5481731090.0005481731090.0000%9394023650.000-42%7494601718.000-27%6012932326.000-9%
Usd Book Value Change Per Share---51.552-51.5520%0.510-10212%3.225-1698%0.694-7530%
Usd Book Value Per Share--72.35472.3540%123.907-42%98.929-27%79.381-9%
Usd Dividend Per Share--4.6844.6840%4.534+3%4.222+11%4.160+13%
Usd Eps---16.025-16.0250%0.772-2176%-0.981-94%-0.030-100%
Usd Free Cash Flow--3894120.0003894120.0000%-253334140.000+6606%-221878304.000+5798%-289538639.000+7535%
Usd Free Cash Flow Per Share--0.0510.0510%-3.341+6601%-2.929+5799%-3.823+7538%
Usd Free Cash Flow To Equity Per Share---12.580-12.5800%-3.060-76%-4.689-63%-5.170-59%
Usd Market Cap2056182794.244-42%2912573767.6252912573767.6250%3300058223.526-12%4896961236.924-41%5270775822.736-45%
Usd Price Per Share27.151-42%38.44438.4440%43.528-12%64.649-41%69.591-45%
Usd Profit---1214100080.000-1214100080.0000%58519970.000-2175%-74377692.000-94%-1806439.000-100%
Usd Revenue--1792268730.0001792268730.0000%2121646380.000-16%1783333888.000+1%1769791004.000+1%
Usd Total Gains Per Share---46.868-46.8680%5.044-1029%7.447-729%4.854-1066%
 EOD+4 -4MRQTTM+0 -0YOY+9 -265Y+12 -2410Y+13 -23

3.2. Fundamental Score

Let's check the fundamental score of Icade SA based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-1.694
Price to Book Ratio (EOD)Between0-10.375
Net Profit Margin (MRQ)Greater than0-0.677
Operating Margin (MRQ)Greater than00.155
Quick Ratio (MRQ)Greater than15.177
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.563
Debt to Equity Ratio (MRQ)Less than11.310
Return on Equity (MRQ)Greater than0.15-0.225
Return on Assets (MRQ)Greater than0.05-0.097
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Icade SA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5042.286
Ma 20Greater thanMa 5025.232
Ma 50Greater thanMa 10026.838
Ma 100Greater thanMa 20028.890
OpenGreater thanClose25.000
Total0/5 (0.0%)



Reversals in quarterly reports

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

 2019-12-312020-12-312021-12-312022-12-312023-12-31
Other Current Liabilities  48,800449,700498,500-20,000478,50068,200546,700-671,900-125,200
Long-term Assets Other  9,786,8004,696,50014,483,300833,50015,316,800-546,40014,770,400-15,039,000-268,600
Income before Tax  344,000-278,40065,600477,700543,300-313,500229,800-1,565,100-1,335,300
Minority Interest  -38,000-69,000-107,000-129,900-236,90069,100-167,800208,10040,300
Net Income  300,200-276,00024,200375,900400,100-346,00054,100-1,176,500-1,122,400
Tax Provision  8,10008,1003008,40018,10026,500-35,700-9,200
Income Tax Expense  8,100-2,9005,2003,2008,40013,50021,900-31,100-9,200
Net Income from Continuing Operations  335,900-300335,600199,300534,900-312,800222,100-1,378,400-1,156,300



Latest Balance Sheet

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

Summary
Total Assets11,601,000
Total Liabilities6,533,300
Total Stockholder Equity4,985,900
 As reported
Total Liabilities 6,533,300
Total Stockholder Equity+ 4,985,900
Total Assets = 11,601,000

Assets

Total Assets11,601,000
Total Current Assets0
Long-term Assets2,046,000
Total Current Assets
Cash And Cash Equivalents 831,500
Short-term Investments 788,700
Net Receivables 490,200
Inventory 766,400
Other Current Assets -2,876,800
Total Current Assets  (as reported)0
Total Current Assets  (calculated)0
+/-0
Long-term Assets
Property Plant Equipment 55,900
Long-term Assets Other -268,600
Long-term Assets  (as reported)2,046,000
Long-term Assets  (calculated)-212,700
+/- 2,258,700

Liabilities & Shareholders' Equity

Total Current Liabilities560,000
Long-term Liabilities5,925,000
Total Stockholder Equity4,985,900
Total Current Liabilities
Short-term Debt 560,000
Other Current Liabilities -125,200
Total Current Liabilities  (as reported)560,000
Total Current Liabilities  (calculated)434,800
+/- 125,200
Long-term Liabilities
Long-term Liabilities  (as reported)5,925,000
Long-term Liabilities  (calculated)0
+/- 5,925,000
Total Stockholder Equity
Common Stock116,200
Other Stockholders Equity 4,869,700
Total Stockholder Equity (as reported)4,985,900
Total Stockholder Equity (calculated)4,985,900
+/-0
Other
Cash and Short Term Investments 1,620,200
Common Stock Shares Outstanding 75,762
Current Deferred Revenue125,200
Liabilities and Stockholders Equity 11,601,000
Net Debt 4,296,300
Short Long Term Debt Total 5,127,800



Balance Sheet

All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-31
> Total Assets 
292,090
350,367
387,596
667,138
3,284,900
3,452,000
4,494,300
5,374,400
6,158,700
5,995,500
7,141,900
7,279,800
7,802,900
10,340,800
10,200,100
10,203,600
10,037,000
11,229,800
11,759,200
12,513,500
17,205,000
17,608,900
18,218,200
11,601,000
11,601,00018,218,20017,608,90017,205,00012,513,50011,759,20011,229,80010,037,00010,203,60010,200,10010,340,8007,802,9007,279,8007,141,9005,995,5006,158,7005,374,4004,494,3003,452,0003,284,900667,138387,596350,367292,090
   > Total Current Assets 
0
0
0
0
1,267,400
1,348,900
2,151,400
2,220,000
2,395,200
2,554,900
2,358,000
2,150,600
2,755,600
2,220,800
2,022,100
1,919,300
1,564,000
1,729,900
2,265,100
2,447,700
2,265,800
1,961,200
2,844,500
0
02,844,5001,961,2002,265,8002,447,7002,265,1001,729,9001,564,0001,919,3002,022,1002,220,8002,755,6002,150,6002,358,0002,554,9002,395,2002,220,0002,151,4001,348,9001,267,4000000
       Cash And Cash Equivalents 
1,295
554
685
618
346,700
285,700
670,200
585,800
656,100
709,300
648,200
414,300
443,600
569,400
478,200
451,400
272,400
420,300
634,600
767,100
903,500
545,700
839,300
831,500
831,500839,300545,700903,500767,100634,600420,300272,400451,400478,200569,400443,600414,300648,200709,300656,100585,800670,200285,700346,7006186855541,295
       Short-term Investments 
0
0
0
0
122,700
104,600
49,000
79,800
62,300
97,800
37,700
38,400
23,100
8,900
82,900
149,900
49,800
25,000
20,100
17,700
286,600
110,000
245,300
788,700
788,700245,300110,000286,60017,70020,10025,00049,800149,90082,9008,90023,10038,40037,70097,80062,30079,80049,000104,600122,7000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
733,200
813,300
660,400
613,500
831,500
1,062,500
1,100,100
450,300
422,900
615,100
490,200
490,200615,100422,900450,3001,100,1001,062,500831,500613,500660,400813,300733,2000000000000000
       Other Current Assets 
0
0
0
0
663,200
785,300
1,182,100
1,208,600
1,285,800
1,362,800
1,195,000
1,069,500
1,596,600
959,300
1,010,200
887,600
749,500
774,500
1,131,700
500
-2,124,700
-1,666,100
-2,538,800
-2,876,800
-2,876,800-2,538,800-1,666,100-2,124,7005001,131,700774,500749,500887,6001,010,200959,3001,596,6001,069,5001,195,0001,362,8001,285,8001,208,6001,182,100785,300663,2000000
   > Long-term Assets 
0
0
0
0
2,017,500
2,103,100
2,342,900
3,154,400
3,763,500
3,440,600
4,783,900
5,129,200
5,047,300
8,120,000
8,178,000
8,284,300
8,473,000
9,499,900
9,494,000
10,065,800
14,880,100
15,639,700
15,299,800
2,046,000
2,046,00015,299,80015,639,70014,880,10010,065,8009,494,0009,499,9008,473,0008,284,3008,178,0008,120,0005,047,3005,129,2004,783,9003,440,6003,763,5003,154,4002,342,9002,103,1002,017,5000000
       Property Plant Equipment 
0
0
0
0
71,200
109,700
112,700
243,300
463,300
139,200
135,700
129,400
121,500
90,500
85,400
79,000
74,600
66,100
16,900
61,200
52,400
44,300
53,600
55,900
55,90053,60044,30052,40061,20016,90066,10074,60079,00085,40090,500121,500129,400135,700139,200463,300243,300112,700109,70071,2000000
       Goodwill 
336
318
300
0
1,508
0
0
140,700
141,400
84,200
82,800
79,700
77,200
69,700
69,500
46,300
46,300
46,100
46,100
45,300
45,300
45,300
54,900
0
054,90045,30045,30045,30046,10046,10046,30046,30069,50069,70077,20079,70082,80084,200141,400140,700001,5080300318336
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
150,500
154,300
145,100
150,000
183,300
169,200
155,900
0
0
0
0
0000155,900169,200183,300150,000145,100154,300150,5000000000000000
       Intangible Assets 
343
321
323
216
1,735
348
559
46,600
32,400
17,000
9,100
7,300
5,800
3,800
4,000
5,100
6,100
8,500
9,500
19,500
67,000
67,500
84,300
0
084,30067,50067,00019,5009,5008,5006,1005,1004,0003,8005,8007,3009,10017,00032,40046,6005593481,735216323321343
       Other Assets 
0
0
0
0
11,242
3,514
5,409
112,000
150,600
431,700
191,600
167,500
315,300
72,500
135,300
19,100
19,600
20,700
100
23,200
59,100
8,000
73,900
11,601,000
11,601,00073,9008,00059,10023,20010020,70019,60019,100135,30072,500315,300167,500191,600431,700150,600112,0005,4093,51411,2420000
> Total Liabilities 
225,297
218,432
255,546
312,373
2,057,000
2,290,900
2,708,100
3,946,400
4,679,700
4,175,100
4,307,900
4,539,800
4,839,300
5,760,900
5,669,900
5,936,200
5,936,600
7,119,400
7,822,500
8,418,700
9,048,600
8,969,600
9,533,700
6,533,300
6,533,3009,533,7008,969,6009,048,6008,418,7007,822,5007,119,4005,936,6005,936,2005,669,9005,760,9004,839,3004,539,8004,307,9004,175,1004,679,7003,946,4002,708,1002,290,9002,057,000312,373255,546218,432225,297
   > Total Current Liabilities 
0
0
0
0
982,800
1,193,200
1,579,800
1,920,000
1,862,000
1,539,900
1,486,300
1,724,900
1,685,600
2,184,900
1,786,700
1,979,300
1,674,100
2,089,500
2,439,900
2,041,600
2,443,600
2,286,900
2,530,100
560,000
560,0002,530,1002,286,9002,443,6002,041,6002,439,9002,089,5001,674,1001,979,3001,786,7002,184,9001,685,6001,724,9001,486,3001,539,9001,862,0001,920,0001,579,8001,193,200982,8000000
       Short-term Debt 
0
0
0
0
161,700
272,600
457,400
79,800
62,300
97,800
277,200
38,400
510,600
1,109,300
704,800
901,100
717,900
1,073,800
1,049,200
712,100
1,319,800
1,134,400
1,153,300
560,000
560,0001,153,3001,134,4001,319,800712,1001,049,2001,073,800717,900901,100704,8001,109,300510,60038,400277,20097,80062,30079,800457,400272,600161,7000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
4,570,500
455,800
906,300
692,500
1,047,100
1,028,100
682,200
1,311,800
1,126,200
1,144,600
0
01,144,6001,126,2001,311,800682,2001,028,1001,047,100692,500906,300455,8004,570,5000000000000000
       Accounts payable 
9,864
9,998
7,627
12,318
261,500
329,800
17,800
1,028,800
1,039,500
910,300
520,100
922,700
558,300
525,400
412,500
367,000
393,800
440,200
668,700
662,000
512,500
519,400
680,800
0
0680,800519,400512,500662,000668,700440,200393,800367,000412,500525,400558,300922,700520,100910,3001,039,5001,028,80017,800329,800261,50012,3187,6279,9989,864
       Other Current Liabilities 
0
0
0
0
541,600
565,700
1,078,700
759,200
822,500
629,600
675,900
782,200
534,300
466,400
509,000
553,000
434,800
397,800
504,000
48,800
498,500
478,500
546,700
-125,200
-125,200546,700478,500498,50048,800504,000397,800434,800553,000509,000466,400534,300782,200675,900629,600822,500759,2001,078,700565,700541,6000000
   > Long-term Liabilities 
0
0
0
0
1,074,200
1,097,700
1,128,300
2,026,400
2,817,700
2,635,200
2,821,600
2,814,900
3,153,700
3,576,000
3,883,200
3,956,900
4,262,500
5,029,900
5,382,600
6,377,100
6,205,600
6,299,700
6,638,200
5,925,000
5,925,0006,638,2006,299,7006,205,6006,377,1005,382,6005,029,9004,262,5003,956,9003,883,2003,576,0003,153,7002,814,9002,821,6002,635,2002,817,7002,026,4001,128,3001,097,7001,074,2000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,131,200
4,907,400
5,238,500
6,193,800
6,402,500
6,547,200
6,869,600
0
06,869,6006,547,2006,402,5006,193,8005,238,5004,907,4004,131,2000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
-161,700
-272,600
-457,400
-79,800
-62,300
-97,800
-277,200
-38,400
-510,600
-1,109,300
-704,800
-901,100
-692,500
-1,047,100
-840,900
671,900
-1,261,300
-1,080,000
-1,090,400
-560,000
-560,000-1,090,400-1,080,000-1,261,300671,900-840,900-1,047,100-692,500-901,100-704,800-1,109,300-510,600-38,400-277,200-97,800-62,300-79,800-457,400-272,600-161,7000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-100
100
-100
100
-100
0
0
0
000-100100-100100-1000000000000000000
> Total Stockholder Equity
66,296
131,523
131,595
354,344
895,400
948,000
1,591,700
1,419,800
1,468,900
1,809,900
2,833,200
2,738,300
2,652,900
4,167,600
4,042,300
3,592,500
3,435,200
3,336,300
3,185,200
3,168,700
6,464,100
6,721,800
6,587,900
4,985,900
4,985,9006,587,9006,721,8006,464,1003,168,7003,185,2003,336,3003,435,2003,592,5004,042,3004,167,6002,652,9002,738,3002,833,2001,809,9001,468,9001,419,8001,591,700948,000895,400354,344131,595131,52366,296
   Common Stock
12,047
15,877
15,881
16,339
510,100
510,100
711,500
75,000
75,000
75,200
79,000
79,300
79,300
112,700
112,800
113,000
113,000
113,000
113,600
113,600
113,600
116,200
116,200
116,200
116,200116,200116,200113,600113,600113,600113,000113,000113,000112,800112,70079,30079,30079,00075,20075,00075,000711,500510,100510,10016,33915,88115,87712,047
   Retained Earnings 
6,209
7,340
8,099
6,358
60,300
70,800
211,300
36,900
312,500
527,100
1,218,000
93,000
52,700
126,900
151,500
-207,600
58,000
170,300
154,900
300,200
79,500
400,100
54,100
0
054,100400,10079,500300,200154,900170,30058,000-207,600151,500126,90052,70093,0001,218,000527,100312,50036,900211,30070,80060,3006,3588,0997,3406,209
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,690,700
2,690,700
2,712,200
2,644,400
2,644,400
2,593,500
2,514,300
0
02,514,3002,593,5002,644,4002,644,4002,712,2002,690,7002,690,7000000000000000000
   Treasury Stock00-39,100-39,200-43,600-37,200-16,300-16,300-40,000-40,100-27,100-22,000-36,100-40,400-38,400-33,600-38,2000000000
   Other Stockholders Equity 
0
0
0
0
325,000
367,100
668,900
1,344,800
1,081,400
1,207,600
1,536,200
2,566,000
2,520,900
3,928,000
3,778,000
3,687,100
3,264,200
3,053,000
2,916,700
2,754,900
2,525,700
2,154,300
2,426,300
4,869,700
4,869,7002,426,3002,154,3002,525,7002,754,9002,916,7003,053,0003,264,2003,687,1003,778,0003,928,0002,520,9002,566,0001,536,2001,207,6001,081,4001,344,800668,900367,100325,0000000



Balance Sheet

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, 2023-12-31)

Gross Profit (+$)
totalRevenue1,656,900
Cost of Revenue-1,192,200
Gross Profit464,700464,700
 
Operating Income (+$)
Gross Profit464,700
Operating Expense-207,100
Operating Income257,600257,600
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense207,1000
 
Net Interest Income (+$)
Interest Income0
Interest Expense-113,000
Other Finance Cost-43,600
Net Interest Income-69,400
 
Pretax Income (+$)
Operating Income257,600
Net Interest Income-69,400
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-1,335,3001,850,500
EBIT - interestExpense = 144,600
-1,131,600
-1,009,400
Interest Expense113,000
Earnings Before Interest and Taxes (EBIT)257,600-1,222,300
Earnings Before Interest and Taxes (EBITDA)280,400
 
After tax Income (+$)
Income Before Tax-1,335,300
Tax Provision--9,200
Net Income From Continuing Ops-1,156,300-1,326,100
Net Income-1,122,400
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses1,399,300
Total Other Income/Expenses Net-1,592,90069,400
 

Technical Analysis of Icade
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 Icade. The general trend of Icade is BEARISH 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 Icade'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 Icade SA.

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: 25.82 < 26.74 < 27.43.

The bearish price targets are: 24.50.

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Icade SA 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 Icade SA. The current mas is .

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

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

Icade SA 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 Icade SA. The current macd is -0.5542071.

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

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Icade price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Icade. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Icade price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Icade SA Daily Moving Average Convergence/Divergence (MACD) ChartIcade SA 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 Icade SA. The current adx is 25.10.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -3/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Icade shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bearish trend. The ADX is declining, the bearish trend is weakening. Could be a potential reversal to the upside. -2
Icade SA 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 Icade SA. The current sar is 25.72.

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
Icade SA 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 Icade SA. The current rsi is 42.29. The current phase is Continuation in bear market.

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

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

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -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 Icade price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Icade SA Daily Stochastic Oscillator ChartIcade SA 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 Icade SA. The current cci is -42.36308961.

Icade SA Daily Commodity Channel Index (CCI) ChartIcade SA 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 Icade SA. The current cmo is -7.13350181.

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

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Icade SA Daily Chande Momentum Oscillator (CMO) ChartIcade SA 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 Icade SA. The current willr is -63.56589147.

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 Icade is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Icade SA Daily Williams %R ChartIcade SA 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 Icade SA.

Icade SA 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 Icade SA. The current atr is 0.70599997.

Icade SA Daily Average True Range (ATR) ChartIcade SA 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 Icade SA. The current obv is -6,431,855.

Icade SA Daily On-Balance Volume (OBV) ChartIcade SA 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 Icade SA. The current mfi is 34.67.

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

  • MFI < 50: -1
Icade SA Daily Money Flow Index (MFI) ChartIcade SA Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Icade SA.

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.
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-29CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-04STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-06STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-08STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11DMI 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
2023-12-12WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-14DMI 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
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-12-20WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-27STOCH 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
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-03MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-09CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-10WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-12DMI 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
2024-01-16DMI 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
2024-01-17CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-18SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-29WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-30CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-01ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-06MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-12RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-22SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-23SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-27RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-04ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-06RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-03-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-08CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-11CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-18CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-21SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-25SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-26WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Icade SA Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Icade SA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5042.286
Ma 20Greater thanMa 5025.232
Ma 50Greater thanMa 10026.838
Ma 100Greater thanMa 20028.890
OpenGreater thanClose25.000
Total0/5 (0.0%)
Penke

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