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Innovatec S.p.A.
Buy, Hold or Sell?

Let's analyse Innovatec together

PenkeI guess you are interested in Innovatec S.p.A.. 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 Innovatec S.p.A.. 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 Innovatec (30 sec.)










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

How much money do you get?

How much money do you get?
€0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
€0.48
Expected worth in 1 year
€1.14
How sure are you?
70.0%

+ What do you gain per year?

Total Gains per Share
€0.66
Return On Investment
56.4%

For what price can you sell your share?

Current Price per Share
€1.17
Expected price per share
€0.9855 - €1.468
How sure are you?
50%

1. Valuation of Innovatec (5 min.)




Live pricePrice per Share (EOD)

€1.17

Intrinsic Value Per Share

€-2.69 - €-1.33

Total Value Per Share

€-2.21 - €-0.84

2. Growth of Innovatec (5 min.)




Is Innovatec growing?

Current yearPrevious yearGrowGrow %
How rich?$50.3m$33.1m$17.1m34.1%

How much money is Innovatec making?

Current yearPrevious yearGrowGrow %
Making money$11.5m$6.8m$4.6m40.2%
Net Profit Margin3.7%4.5%--

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

3. Financial Health of Innovatec (5 min.)




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

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

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

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

Speculation

The Price per Share of Innovatec is €1.169. 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 Innovatec.
  • 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 Innovatec, 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 €0.48. Based on the TTM, the Book Value Change Per Share is €0.16 per quarter. Based on the YOY, the Book Value Change Per Share is €0.12 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Innovatec.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps0.1210.2%0.1210.2%0.076.1%0.097.6%0.00-0.4%
Usd Book Value Change Per Share0.1815.3%0.1815.3%0.1311.1%0.1411.9%0.054.5%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.1815.3%0.1815.3%0.1311.1%0.1411.9%0.054.5%
Usd Price Per Share1.82-1.82-1.94-0.95-1.13-
Price to Earnings Ratio15.26-15.26-27.14-31.57--190.28-
Price-to-Total Gains Ratio10.22-10.22-14.97-8.35--57.30-
Price to Book Ratio3.49-3.49-5.63-2.79-5.34-
Price-to-Total Gains Ratio10.22-10.22-14.97-8.35--57.30-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.2645073
Number of shares790
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.180.14
Usd Total Gains Per Share0.180.14
Gains per Quarter (790 shares)140.84109.82
Gains per Year (790 shares)563.37439.30
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
105635530439429
20112711160879868
3016901679013181307
4022532242017571746
5028172805021962185
6033803368026362624
7039443931030753063
8045074494035143502
9050705057039543941
10056345620043934380

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%6.04.00.060.0%6.04.00.060.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%7.03.00.070.0%7.03.00.070.0%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%0.00.010.00.0%0.00.010.00.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%7.03.00.070.0%7.03.00.070.0%

Fundamentals of Innovatec

About Innovatec S.p.A.

Innovatec S.p.A. provides technologies, processes, products, and services in the areas of energy efficiency and renewable energy sector in Italy. The company was founded in 1960 and is headquartered in Milan, Italy. Innovatec S.p.A. is a subsidiary of Gruppo Waste Italia S.p.A.

Fundamental data was last updated by Penke on 2024-03-10 06:04:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is very efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

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

1.1. Profitability of Innovatec S.p.A..

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Innovatec to the Utilities - Regulated Electric industry mean.
  • A Net Profit Margin of 3.7% means that €0.04 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Innovatec S.p.A.:

  • The MRQ is 3.7%. The company is making a profit. +1
  • The TTM is 3.7%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ3.7%TTM3.7%0.0%
TTM3.7%YOY4.5%-0.9%
TTM3.7%5Y15.1%-11.4%
5Y15.1%10Y-5.6%+20.7%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Innovatec to the Utilities - Regulated Electric industry mean.
  • 4.2% Return on Assets means that Innovatec generated €0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Innovatec S.p.A.:

  • The MRQ is 4.2%. Using its assets, the company is less efficient in making profit.
  • The TTM is 4.2%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.2%TTM4.2%0.0%
TTM4.2%YOY3.5%+0.7%
TTM4.2%5Y12.8%-8.6%
5Y12.8%10Y0.9%+11.9%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Innovatec to the Utilities - Regulated Electric industry mean.
  • 25.4% Return on Equity means Innovatec generated €0.25 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Innovatec S.p.A.:

  • The MRQ is 25.4%. Using its investors money, the company is very efficient in making profit. +2
  • The TTM is 25.4%. Using its investors money, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ25.4%TTM25.4%0.0%
TTM25.4%YOY25.1%+0.4%
TTM25.4%5Y55.7%-30.2%
5Y55.7%10Y16.1%+39.5%

1.2. Operating Efficiency of Innovatec S.p.A..

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Innovatec is operating .

  • Measures how much profit Innovatec 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 Innovatec to the Utilities - Regulated Electric industry mean.
  • An Operating Margin of 0.0% means the company generated €0.00  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Innovatec S.p.A.:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY7.9%-7.9%
TTM-5Y12.6%-12.6%
5Y12.6%10Y-3.2%+15.9%
1.2.2. Operating Ratio

Measures how efficient Innovatec is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Utilities - Regulated Electric industry mean).
  • An Operation Ratio of 1.72 means that the operating costs are €1.72 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Innovatec S.p.A.:

  • The MRQ is 1.724. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.724. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.724TTM1.7240.000
TTM1.724YOY1.560+0.163
TTM1.7245Y1.543+0.180
5Y1.54310Y1.755-0.211

1.3. Liquidity of Innovatec S.p.A..

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Utilities - Regulated Electric industry mean).
  • A Current Ratio of 1.08 means the company has €1.08 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Innovatec S.p.A.:

  • The MRQ is 1.082. The company is just able to pay all its short-term debts.
  • The TTM is 1.082. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.082TTM1.0820.000
TTM1.082YOY1.202-0.120
TTM1.0825Y1.206-0.124
5Y1.20610Y1.090+0.116
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Innovatec to the Utilities - Regulated Electric industry mean.
  • A Quick Ratio of 0.44 means the company can pay off €0.44 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Innovatec S.p.A.:

  • The MRQ is 0.441. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.441. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.441TTM0.4410.000
TTM0.441YOY0.471-0.031
TTM0.4415Y0.632-0.192
5Y0.63210Y0.622+0.011

1.4. Solvency of Innovatec S.p.A..

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Innovatec to Utilities - Regulated Electric industry mean.
  • A Debt to Asset Ratio of 0.82 means that Innovatec assets are financed with 81.7% credit (debt) and the remaining percentage (100% - 81.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Innovatec S.p.A.:

  • The MRQ is 0.817. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.817. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.817TTM0.8170.000
TTM0.817YOY0.832-0.016
TTM0.8175Y0.785+0.031
5Y0.78510Y0.865-0.080
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Innovatec to the Utilities - Regulated Electric industry mean.
  • A Debt to Equity ratio of 495.4% means that company has €4.95 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Innovatec S.p.A.:

  • The MRQ is 4.954. The company is unable to pay all its debts with equity. -1
  • The TTM is 4.954. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ4.954TTM4.9540.000
TTM4.954YOY6.000-1.046
TTM4.9545Y4.352+0.602
5Y4.35210Y3.342+1.010

2. Market Valuation of Innovatec S.p.A.

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 Innovatec generates.

  • Above 15 is considered overpriced but always compare Innovatec to the Utilities - Regulated Electric industry mean.
  • A PE ratio of 15.26 means the investor is paying €15.26 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Innovatec S.p.A.:

  • The EOD is 10.589. Based on the earnings, the company is underpriced. +1
  • The MRQ is 15.263. Based on the earnings, the company is fair priced.
  • The TTM is 15.263. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD10.589MRQ15.263-4.674
MRQ15.263TTM15.2630.000
TTM15.263YOY27.137-11.874
TTM15.2635Y31.566-16.303
5Y31.56610Y-190.275+221.841
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Innovatec S.p.A.:

  • The EOD is -9.093. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -13.107. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -13.107. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-9.093MRQ-13.107+4.014
MRQ-13.107TTM-13.1070.000
TTM-13.107YOY9.315-22.421
TTM-13.1075Y62.914-76.020
5Y62.91410Y-27.285+90.198
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Utilities - Regulated Electric industry mean).
  • A PB ratio of 3.49 means the investor is paying €3.49 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Innovatec S.p.A.:

  • The EOD is 2.421. Based on the equity, the company is underpriced. +1
  • The MRQ is 3.489. Based on the equity, the company is fair priced.
  • The TTM is 3.489. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD2.421MRQ3.489-1.068
MRQ3.489TTM3.4890.000
TTM3.489YOY5.633-2.144
TTM3.4895Y2.789+0.700
5Y2.78910Y5.342-2.553
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Innovatec S.p.A. compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.1650.1650%0.120+38%0.129+28%0.048+241%
Book Value Per Share--0.4830.4830%0.318+52%0.247+95%0.133+263%
Current Ratio--1.0821.0820%1.202-10%1.206-10%1.090-1%
Debt To Asset Ratio--0.8170.8170%0.832-2%0.785+4%0.865-6%
Debt To Equity Ratio--4.9544.9540%6.000-17%4.352+14%3.342+48%
Dividend Per Share----0%-0%-0%-0%
Eps--0.1100.1100%0.066+67%0.082+35%-0.004+104%
Free Cash Flow Per Share---0.129-0.1290%0.192-167%0.040-424%-0.009-93%
Free Cash Flow To Equity Per Share---0.129-0.1290%0.331-139%0.047-374%0.028-560%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---1.327--------
Intrinsic Value_10Y_min---2.694--------
Intrinsic Value_1Y_max--0.002--------
Intrinsic Value_1Y_min---0.052--------
Intrinsic Value_3Y_max---0.096--------
Intrinsic Value_3Y_min---0.346--------
Intrinsic Value_5Y_max---0.319--------
Intrinsic Value_5Y_min---0.846--------
Market Cap112745261.776-44%162511348.240162511348.2400%172831059.968-6%84465393.805+92%100761858.204+61%
Net Profit Margin--0.0370.0370%0.045-19%0.151-76%-0.056+253%
Operating Margin----0%0.079-100%0.126-100%-0.0320%
Operating Ratio--1.7241.7240%1.560+10%1.543+12%1.755-2%
Pb Ratio2.421-44%3.4893.4890%5.633-38%2.789+25%5.342-35%
Pe Ratio10.589-44%15.26315.2630%27.137-44%31.566-52%-190.275+1347%
Price Per Share1.169-44%1.6851.6850%1.792-6%0.876+92%1.045+61%
Price To Free Cash Flow Ratio-9.093+31%-13.107-13.1070%9.315-241%62.914-121%-27.285+108%
Price To Total Gains Ratio7.093-44%10.22310.2230%14.968-32%8.348+22%-57.304+661%
Quick Ratio--0.4410.4410%0.471-7%0.632-30%0.622-29%
Return On Assets--0.0420.0420%0.035+20%0.128-67%0.009+388%
Return On Equity--0.2540.2540%0.251+1%0.557-54%0.161+58%
Total Gains Per Share--0.1650.1650%0.120+38%0.129+28%0.048+241%
Usd Book Value--50383688.69850383688.6980%33189118.547+52%25792473.634+95%13877469.819+263%
Usd Book Value Change Per Share--0.1780.1780%0.130+38%0.139+28%0.052+241%
Usd Book Value Per Share--0.5220.5220%0.344+52%0.267+95%0.144+263%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--0.1190.1190%0.071+67%0.088+35%-0.004+104%
Usd Free Cash Flow---13412304.421-13412304.4210%20070655.768-167%4134012.719-424%-921514.400-93%
Usd Free Cash Flow Per Share---0.139-0.1390%0.208-167%0.043-424%-0.010-93%
Usd Free Cash Flow To Equity Per Share---0.139-0.1390%0.358-139%0.051-374%0.030-560%
Usd Market Cap121956549.663-44%175788525.391175788525.3910%186951357.567-6%91366216.479+92%108994102.019+61%
Usd Price Per Share1.265-44%1.8231.8230%1.938-6%0.947+92%1.130+61%
Usd Profit--11517120.59011517120.5900%6889159.084+67%8522292.004+35%-425534.831+104%
Usd Revenue--313691589.463313691589.4630%151464965.699+107%115700043.835+171%72667647.506+332%
Usd Total Gains Per Share--0.1780.1780%0.130+38%0.139+28%0.052+241%
 EOD+3 -5MRQTTM+0 -0YOY+19 -145Y+17 -1610Y+21 -11

3.2. Fundamental Score

Let's check the fundamental score of Innovatec S.p.A. based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1510.589
Price to Book Ratio (EOD)Between0-12.421
Net Profit Margin (MRQ)Greater than00.037
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.441
Current Ratio (MRQ)Greater than11.082
Debt to Asset Ratio (MRQ)Less than10.817
Debt to Equity Ratio (MRQ)Less than14.954
Return on Equity (MRQ)Greater than0.150.254
Return on Assets (MRQ)Greater than0.050.042
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Innovatec S.p.A. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5040.340
Ma 20Greater thanMa 501.187
Ma 50Greater thanMa 1001.260
Ma 100Greater thanMa 2001.256
OpenGreater thanClose1.153
Total2/5 (40.0%)



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets253,902
Total Liabilities207,324
Total Stockholder Equity41,852
 As reported
Total Liabilities 207,324
Total Stockholder Equity+ 41,852
Total Assets = 253,902

Assets

Total Assets253,902
Total Current Assets132,976
Long-term Assets120,926
Total Current Assets
Cash And Cash Equivalents 9,969
Short-term Investments 2,905
Net Receivables 51,243
Inventory 5,107
Total Current Assets  (as reported)132,976
Total Current Assets  (calculated)69,224
+/- 63,752
Long-term Assets
Property Plant Equipment 63,247
Goodwill 39,009
Intangible Assets 8,821
Long-term Assets  (as reported)120,926
Long-term Assets  (calculated)111,077
+/- 9,849

Liabilities & Shareholders' Equity

Total Current Liabilities122,917
Long-term Liabilities84,406
Total Stockholder Equity41,852
Total Current Liabilities
Short Long Term Debt 15,375
Accounts payable 72,040
Other Current Liabilities 21,422
Total Current Liabilities  (as reported)122,917
Total Current Liabilities  (calculated)108,837
+/- 14,081
Long-term Liabilities
Long term Debt 33,307
Long-term Liabilities Other 1,179
Long-term Liabilities  (as reported)84,406
Long-term Liabilities  (calculated)34,486
+/- 49,921
Total Stockholder Equity
Retained Earnings 22,789
Total Stockholder Equity (as reported)41,852
Total Stockholder Equity (calculated)22,789
+/- 19,063
Other
Capital Stock10,533
Common Stock Shares Outstanding 96,446
Net Debt 38,713
Net Invested Capital 90,534
Net Working Capital 10,059
Property Plant and Equipment Gross 63,247



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-31
> Total Assets 
33,783
50,897
98,200
70,787
46,735
37,685
44,348
111,513
182,978
253,902
253,902182,978111,51344,34837,68546,73570,78798,20050,89733,783
   > Total Current Assets 
20,621
21,773
56,020
41,515
31,246
28,992
27,022
47,737
103,019
132,976
132,976103,01947,73727,02228,99231,24641,51556,02021,77320,621
       Cash And Cash Equivalents 
4,710
6,104
3,834
2,793
5,379
7,786
7,571
15,118
24,953
9,969
9,96924,95315,1187,5717,7865,3792,7933,8346,1044,710
       Short-term Investments 
0
0
0
94
0
0
1,509
1,813
2,993
2,905
2,9052,9931,8131,5090094000
       Net Receivables 
11,145
12,519
31,770
34,618
21,468
20,889
17,306
16,235
37,410
51,243
51,24337,41016,23517,30620,88921,46834,61831,77012,51911,145
       Inventory 
4,251
2,280
17,391
2,785
3,105
0
633
791
3,890
5,107
5,1073,89079163303,1052,78517,3912,2804,251
       Other Current Assets 
515
869
3,024
1,225
1,293
317
3
831
3,053
0
03,05383133171,2931,2253,024869515
   > Long-term Assets 
0
0
0
28,648
14,926
8,814
11,720
59,881
80,681
120,926
120,92680,68159,88111,7208,81414,92628,648000
       Property Plant Equipment 
331
12,972
24,247
16,366
10,538
1,659
4,614
27,358
32,058
63,247
63,24732,05827,3584,6141,65910,53816,36624,24712,972331
       Goodwill 
5,735
5,694
10,311
6,742
4
2,442
5,746
22,840
36,655
39,009
39,00936,65522,8405,7462,44246,74210,3115,6945,735
       Long Term Investments 
268
926
1,149
799
1,299
794
0
0
0
0
00007941,2997991,149926268
       Intangible Assets 
1,777
2,384
612
3,420
1,967
2,980
141
6,725
5,052
8,821
8,8215,0526,7251412,9801,9673,4206122,3841,777
       Long-term Assets Other 
0
0
0
28,648
14,926
8,814
11,720
0
0
0
00011,7208,81414,92628,648000
> Total Liabilities 
18,514
37,318
84,820
88,546
62,132
28,815
30,392
92,377
152,296
207,324
207,324152,29692,37730,39228,81562,13288,54684,82037,31818,514
   > Total Current Liabilities 
17,875
19,436
57,435
51,473
38,381
22,369
22,085
38,883
85,729
122,917
122,91785,72938,88322,08522,36938,38151,47357,43519,43617,875
       Short-term Debt 
5,964
5,129
7,749
8,117
9,728
12,037
0
0
0
0
000012,0379,7288,1177,7495,1295,964
       Short Long Term Debt 
5,964
5,129
7,749
8,117
9,728
12,037
8,225
1,516
10,570
15,375
15,37510,5701,5168,22512,0379,7288,1177,7495,1295,964
       Accounts payable 
7,765
9,716
28,896
27,335
15,811
7,477
6,559
18,945
46,268
72,040
72,04046,26818,9456,5597,47715,81127,33528,8969,7167,765
       Other Current Liabilities 
4,137
4,127
18,420
15,971
13,968
9,690
8,262
15,033
26,169
21,422
21,42226,16915,0338,2629,69013,96815,97118,4204,1274,137
   > Long-term Liabilities 
0
0
0
36,767
23,520
6,593
7,081
52,011
66,328
84,406
84,40666,32852,0117,0816,59323,52036,767000
       Other Liabilities 
501
1,388
4,395
13,414
4,380
2,178
5,651
51,556
49,388
0
049,38851,5565,6512,1784,38013,4144,3951,388501
> Total Stockholder Equity
14,504
13,087
11,265
-18,961
-15,723
8,864
13,949
17,185
25,384
41,852
41,85225,38417,18513,9498,864-15,723-18,96111,26513,08714,504
   Common Stock
5,028
5,028
15,028
17,875
4,173
1,850
1,955
2,862
10,162
0
010,1622,8621,9551,8504,17317,87515,0285,0285,028
   Retained Earnings Total Equity0000000000
   Accumulated Other Comprehensive Income 0000000000
   Capital Surplus 0000000000
   Treasury Stock0000000000
   Other Stockholders Equity 
0
0
-30
-20
-11
2,197
1,862
450
162
0
01624501,8622,197-11-20-3000



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.




Income Statement

Currency in EUR. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue289,999
Cost of Revenue-230,002
Gross Profit59,99759,997
 
Operating Income (+$)
Gross Profit59,997
Operating Expense-269,874
Operating Income20,125-209,877
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense269,8740
 
Net Interest Income (+$)
Interest Income50
Interest Expense-2,882
Other Finance Cost-1,241
Net Interest Income-1,591
 
Pretax Income (+$)
Operating Income20,125
Net Interest Income-1,591
Other Non-Operating Income Expenses0
Income Before Tax (EBT)16,76320,125
EBIT - interestExpense = -2,882
10,647
13,529
Interest Expense2,882
Earnings Before Interest and Taxes (EBIT)019,644
Earnings Before Interest and Taxes (EBITDA)30,352
 
After tax Income (+$)
Income Before Tax16,763
Tax Provision-5,256
Net Income From Continuing Ops11,50611,506
Net Income10,647
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net01,591
 

Technical Analysis of Innovatec
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 Innovatec. The general trend of Innovatec is BEARISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Innovatec's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitionsBullish trend (-42.9%) Bearish trend (42.9%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

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

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


Score

Let's take a look at the Support & Resistance of Innovatec S.p.A..

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: 1.213 < 1.221 < 1.468.

The bearish price targets are: 1.108 > 0.9855.

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Innovatec S.p.A. 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 Innovatec S.p.A.. The current mas is .

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

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

Directionalities and relatives.

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

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

Innovatec S.p.A. 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 Innovatec S.p.A.. The current macd is -0.02184614.

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 Innovatec price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Innovatec. 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 Innovatec 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
Innovatec S.p.A. Daily Moving Average Convergence/Divergence (MACD) ChartInnovatec S.p.A. 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 Innovatec S.p.A.. The current adx is 21.33.

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

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Innovatec shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1
Innovatec S.p.A. 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 Innovatec S.p.A.. The current sar is 1.12502384.

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

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Innovatec S.p.A. 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 Innovatec S.p.A.. The current rsi is 40.34. 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
Innovatec S.p.A. Daily Relative Strength Index (RSI) ChartInnovatec S.p.A. 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 Innovatec S.p.A.. The current phase is Correction in bear market.

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

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Innovatec price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Innovatec S.p.A. Daily Stochastic Oscillator ChartInnovatec S.p.A. 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 Innovatec S.p.A.. The current cci is -75.83308903.

Innovatec S.p.A. Daily Commodity Channel Index (CCI) ChartInnovatec S.p.A. 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 Innovatec S.p.A.. The current cmo is -17.43280883.

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
Innovatec S.p.A. Daily Chande Momentum Oscillator (CMO) ChartInnovatec S.p.A. 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 Innovatec S.p.A.. The current willr is -46.01769912.

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 Innovatec is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Innovatec S.p.A. Daily Williams %R ChartInnovatec S.p.A. 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 Innovatec S.p.A..

Innovatec S.p.A. 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 Innovatec S.p.A.. The current atr is 0.03713604.

Innovatec S.p.A. Daily Average True Range (ATR) ChartInnovatec S.p.A. 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 Innovatec S.p.A.. The current obv is -6,960,146.

Innovatec S.p.A. Daily On-Balance Volume (OBV) ChartInnovatec S.p.A. 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 Innovatec S.p.A.. The current mfi is 28.81.

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
Innovatec S.p.A. Daily Money Flow Index (MFI) ChartInnovatec S.p.A. Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Innovatec S.p.A..

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
2023-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-09CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-14DMI 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
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-16CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-20BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-04WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-15STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-20STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-29DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-05STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-12MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-17MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-23STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-24RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-25MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-31RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-01ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-02SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-22MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-29STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-01MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-05STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-07STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-08BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-13STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-15BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Innovatec S.p.A. Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Innovatec S.p.A. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5040.340
Ma 20Greater thanMa 501.187
Ma 50Greater thanMa 1001.260
Ma 100Greater thanMa 2001.256
OpenGreater thanClose1.153
Total2/5 (40.0%)
Penke

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