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SalMar ASA
Buy, Hold or Sell?

Let's analyse Salmar together

PenkeI guess you are interested in SalMar ASA. 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 SalMar ASA. 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 Salmar (30 sec.)










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

How much money do you get?

How much money do you get?
€77.42
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
€183.62
Expected worth in 1 year
€447.29
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
€335.25
Return On Investment
548.2%

For what price can you sell your share?

Current Price per Share
€61.16
Expected price per share
€53.54 - €
How sure are you?
50%

1. Valuation of Salmar (5 min.)




Live pricePrice per Share (EOD)

€61.16

Intrinsic Value Per Share

€-2.67 - €79.64

Total Value Per Share

€180.95 - €263.26

2. Growth of Salmar (5 min.)




Is Salmar growing?

Current yearPrevious yearGrowGrow %
How rich?$26.1b$16.7b$9.3b35.9%

How much money is Salmar making?

Current yearPrevious yearGrowGrow %
Making money$306.6m$242.2m$64.3m21.0%
Net Profit Margin16.4%17.4%--

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

3. Financial Health of Salmar (5 min.)




4. Comparing to competitors in the Farm Products industry (5 min.)




  Industry Rankings (Farm Products)  


Richest
#17 / 247

Most Revenue
#32 / 247

Most Profit
#9 / 247

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

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

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

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

Speculation

The Price per Share of Salmar is €61.16. 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 Salmar.
  • 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 Salmar, 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 €183.62. Based on the TTM, the Book Value Change Per Share is €65.92 per quarter. Based on the YOY, the Book Value Change Per Share is €34.18 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 €17.89 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Salmar.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps2.333.8%2.333.8%1.843.0%1.973.2%1.622.6%
Usd Book Value Change Per Share71.30116.6%71.30116.6%36.9760.5%27.1144.3%19.8632.5%
Usd Dividend Per Share19.3631.6%19.3631.6%18.5930.4%15.4125.2%11.4018.6%
Usd Total Gains Per Share90.66148.2%90.66148.2%55.5790.9%42.5269.5%31.2651.1%
Usd Price Per Share38.96-38.96-66.01-50.84-35.38-
Price to Earnings Ratio16.71-16.71-35.84-27.47-21.87-
Price-to-Total Gains Ratio0.43-0.43-1.19-2.02-1.69-
Price to Book Ratio0.20-0.20-0.52-0.51-0.45-
Price-to-Total Gains Ratio0.43-0.43-1.19-2.02-1.69-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share66.156772
Number of shares15
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share19.3615.41
Usd Book Value Change Per Share71.3027.11
Usd Total Gains Per Share90.6642.52
Gains per Quarter (15 shares)1,359.90637.83
Gains per Year (15 shares)5,439.582,551.31
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
111614278543092516272541
22323855610870184932545092
334841283516310277448807643
4464517113217503698650710194
5580721391271904623813412745
6696825669326305547976115296
78130299473807064721138717847
89291342264351073961301420398
910452385044895083211464122949
1011614427825439092451626825500

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%

Fundamentals of Salmar

About SalMar ASA

SalMar ASA, an aquaculture company, produces and sells farmed salmon in Asia, North America, Europe, and internationally. The company operates through Fish Farming Central Norway, Fish Farming Northern Norway, Icelandic Salmon, Sales & Industry, and SalMar Aker Ocean segments. It is involved in the broodstock, harvesting, processing, and smolt production activities. In addition, the company offers fish fillets and related products. SalMar ASA was founded in 1991 and is headquartered in Kverva, Norway.

Fundamental data was last updated by Penke on 2024-03-16 20:30:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just 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 fair priced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of SalMar ASA.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Salmar to the Farm Products industry mean.
  • A Net Profit Margin of 16.4% means that €0.16 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of SalMar ASA:

  • The MRQ is 16.4%. The company is making a huge profit. +2
  • The TTM is 16.4%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ16.4%TTM16.4%0.0%
TTM16.4%YOY17.4%-1.0%
TTM16.4%5Y20.2%-3.8%
5Y20.2%10Y21.2%-1.0%
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
MRQ16.4%1.7%+14.7%
TTM16.4%1.7%+14.7%
YOY17.4%3.4%+14.0%
5Y20.2%2.1%+18.1%
10Y21.2%2.8%+18.4%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Salmar to the Farm Products industry mean.
  • 0.5% Return on Assets means that Salmar generated €0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of SalMar ASA:

  • The MRQ is 0.5%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.5%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.5%TTM0.5%0.0%
TTM0.5%YOY0.8%-0.3%
TTM0.5%5Y1.0%-0.6%
5Y1.0%10Y1.2%-0.1%
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5%0.4%+0.1%
TTM0.5%0.6%-0.1%
YOY0.8%1.2%-0.4%
5Y1.0%0.7%+0.3%
10Y1.2%1.0%+0.2%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Salmar to the Farm Products industry mean.
  • 1.5% Return on Equity means Salmar generated €0.01 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of SalMar ASA:

  • The MRQ is 1.5%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 1.5%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.5%TTM1.5%0.0%
TTM1.5%YOY1.7%-0.2%
TTM1.5%5Y2.1%-0.7%
5Y2.1%10Y2.4%-0.2%
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5%1.0%+0.5%
TTM1.5%1.4%+0.1%
YOY1.7%2.3%-0.6%
5Y2.1%1.4%+0.7%
10Y2.4%1.8%+0.6%

1.2. Operating Efficiency of SalMar ASA.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Salmar is operating .

  • Measures how much profit Salmar 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 Salmar to the Farm Products industry mean.
  • An Operating Margin of 24.3% means the company generated €0.24  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of SalMar ASA:

  • The MRQ is 24.3%. The company is operating efficient. +1
  • The TTM is 24.3%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ24.3%TTM24.3%0.0%
TTM24.3%YOY24.5%-0.2%
TTM24.3%5Y26.7%-2.4%
5Y26.7%10Y27.5%-0.8%
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
MRQ24.3%2.7%+21.6%
TTM24.3%2.1%+22.2%
YOY24.5%4.9%+19.6%
5Y26.7%4.0%+22.7%
10Y27.5%3.4%+24.1%
1.2.2. Operating Ratio

Measures how efficient Salmar is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Farm Products industry mean).
  • An Operation Ratio of 1.27 means that the operating costs are €1.27 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of SalMar ASA:

  • The MRQ is 1.271. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.271. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.271TTM1.2710.000
TTM1.271YOY1.186+0.085
TTM1.2715Y1.187+0.084
5Y1.18710Y1.191-0.004
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2711.605-0.334
TTM1.2711.550-0.279
YOY1.1861.448-0.262
5Y1.1871.530-0.343
10Y1.1911.244-0.053

1.3. Liquidity of SalMar ASA.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Farm Products industry mean).
  • A Current Ratio of 1.71 means the company has €1.71 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of SalMar ASA:

  • The MRQ is 1.713. The company is able to pay all its short-term debts. +1
  • The TTM is 1.713. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.713TTM1.7130.000
TTM1.713YOY2.186-0.473
TTM1.7135Y1.979-0.266
5Y1.97910Y2.431-0.452
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7131.577+0.136
TTM1.7131.611+0.102
YOY2.1861.687+0.499
5Y1.9791.696+0.283
10Y2.4311.468+0.963
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Salmar to the Farm Products industry mean.
  • A Quick Ratio of 0.08 means the company can pay off €0.08 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of SalMar ASA:

  • The MRQ is 0.084. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.084. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.084TTM0.0840.000
TTM0.084YOY0.200-0.116
TTM0.0845Y0.189-0.105
5Y0.18910Y0.347-0.158
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0840.419-0.335
TTM0.0840.460-0.376
YOY0.2000.567-0.367
5Y0.1890.578-0.389
10Y0.3470.577-0.230

1.4. Solvency of SalMar ASA.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Salmar to Farm Products industry mean.
  • A Debt to Asset Ratio of 0.61 means that Salmar assets are financed with 61.4% credit (debt) and the remaining percentage (100% - 61.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of SalMar ASA:

  • The MRQ is 0.614. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.614. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.614TTM0.6140.000
TTM0.614YOY0.449+0.165
TTM0.6145Y0.483+0.130
5Y0.48310Y0.483+0.000
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6140.492+0.122
TTM0.6140.493+0.121
YOY0.4490.488-0.039
5Y0.4830.489-0.006
10Y0.4830.480+0.003
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Salmar to the Farm Products industry mean.
  • A Debt to Equity ratio of 198.1% means that company has €1.98 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of SalMar ASA:

  • The MRQ is 1.981. The company is just able to pay all its debts with equity.
  • The TTM is 1.981. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.981TTM1.9810.000
TTM1.981YOY0.953+1.029
TTM1.9815Y1.126+0.855
5Y1.12610Y1.046+0.079
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9810.931+1.050
TTM1.9810.978+1.003
YOY0.9530.960-0.007
5Y1.1261.021+0.105
10Y1.0461.062-0.016

2. Market Valuation of SalMar ASA

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 Salmar generates.

  • Above 15 is considered overpriced but always compare Salmar to the Farm Products industry mean.
  • A PE ratio of 16.71 means the investor is paying €16.71 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of SalMar ASA:

  • The EOD is 28.379. Based on the earnings, the company is overpriced. -1
  • The MRQ is 16.714. Based on the earnings, the company is fair priced.
  • The TTM is 16.714. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD28.379MRQ16.714+11.665
MRQ16.714TTM16.7140.000
TTM16.714YOY35.837-19.124
TTM16.7145Y27.474-10.760
5Y27.47410Y21.869+5.605
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
EOD28.3796.656+21.723
MRQ16.7147.008+9.706
TTM16.7147.351+9.363
YOY35.8376.965+28.872
5Y27.4747.950+19.524
10Y21.86913.055+8.814
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 4.552. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 2.681. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 2.681. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD4.552MRQ2.681+1.871
MRQ2.681TTM2.6810.000
TTM2.681YOY11.733-9.053
TTM2.6815Y2.009+0.672
5Y2.00910Y1.139+0.870
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
EOD4.5521.799+2.753
MRQ2.6811.901+0.780
TTM2.681-0.402+3.083
YOY11.733-0.373+12.106
5Y2.009-1.768+3.777
10Y1.139-1.554+2.693
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Farm Products industry mean).
  • A PB ratio of 0.20 means the investor is paying €0.20 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of SalMar ASA:

  • The EOD is 0.333. Based on the equity, the company is cheap. +2
  • The MRQ is 0.196. Based on the equity, the company is cheap. +2
  • The TTM is 0.196. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.333MRQ0.196+0.137
MRQ0.196TTM0.1960.000
TTM0.196YOY0.518-0.322
TTM0.1965Y0.508-0.312
5Y0.50810Y0.452+0.057
Compared to industry (Farm Products)
PeriodCompanyIndustry (mean)+/- 
EOD0.3331.279-0.946
MRQ0.1961.374-1.178
TTM0.1961.380-1.184
YOY0.5181.650-1.132
5Y0.5081.760-1.252
10Y0.4522.132-1.680
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of SalMar ASA 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--65.91865.9180%34.179+93%25.065+163%18.362+259%
Book Value Per Share--183.615183.6150%117.697+56%105.670+74%75.468+143%
Current Ratio--1.7131.7130%2.186-22%1.979-13%2.431-30%
Debt To Asset Ratio--0.6140.6140%0.449+37%0.483+27%0.483+27%
Debt To Equity Ratio--1.9811.9810%0.953+108%1.126+76%1.046+89%
Dividend Per Share--17.89417.8940%17.190+4%14.245+26%10.539+70%
Eps--2.1552.1550%1.703+27%1.817+19%1.494+44%
Free Cash Flow Per Share--13.43613.4360%5.201+158%8.199+64%9.921+35%
Free Cash Flow To Equity Per Share--14.71314.7130%9.779+50%4.723+212%3.582+311%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--79.644--------
Intrinsic Value_10Y_min---2.668--------
Intrinsic Value_1Y_max--8.170--------
Intrinsic Value_1Y_min--3.522--------
Intrinsic Value_3Y_max--24.404--------
Intrinsic Value_3Y_min--7.363--------
Intrinsic Value_5Y_max--40.464--------
Intrinsic Value_5Y_min--7.646--------
Market Cap8045659160.000+41%4738467020.0004738467020.0000%8027242020.000-41%6183423204.000-23%4303217381.400+10%
Net Profit Margin--0.1640.1640%0.174-6%0.202-19%0.212-22%
Operating Margin--0.2430.2430%0.245-1%0.267-9%0.275-11%
Operating Ratio--1.2711.2710%1.186+7%1.187+7%1.191+7%
Pb Ratio0.333+41%0.1960.1960%0.518-62%0.508-61%0.452-57%
Pe Ratio28.379+41%16.71416.7140%35.837-53%27.474-39%21.869-24%
Price Per Share61.160+41%36.02036.0200%61.020-41%47.004-23%32.711+10%
Price To Free Cash Flow Ratio4.552+41%2.6812.6810%11.733-77%2.009+33%1.139+135%
Price To Total Gains Ratio0.730+41%0.4300.4300%1.188-64%2.025-79%1.685-74%
Quick Ratio--0.0840.0840%0.200-58%0.189-56%0.347-76%
Return On Assets--0.0050.0050%0.008-43%0.010-57%0.012-62%
Return On Equity--0.0150.0150%0.017-13%0.021-31%0.024-38%
Total Gains Per Share--83.81283.8120%51.369+63%39.310+113%28.901+190%
Usd Book Value--26128207137.10026128207137.1000%16748151479.200+56%15036664970.560+74%10738992771.820+143%
Usd Book Value Change Per Share--71.30471.3040%36.971+93%27.113+163%19.862+259%
Usd Book Value Per Share--198.617198.6170%127.313+56%114.303+74%81.634+143%
Usd Dividend Per Share--19.35619.3560%18.594+4%15.409+26%11.400+70%
Usd Eps--2.3312.3310%1.842+27%1.966+19%1.616+44%
Usd Free Cash Flow--1911960998.4001911960998.4000%740027747.800+158%1166715778.820+64%847006147.080+126%
Usd Free Cash Flow Per Share--14.53414.5340%5.625+158%8.869+64%10.731+35%
Usd Free Cash Flow To Equity Per Share--15.91515.9150%10.578+50%5.109+212%3.875+311%
Usd Market Cap8702989513.372+41%5125599775.5345125599775.5340%8683067693.034-41%6688608879.767-23%4654790241.460+10%
Usd Price Per Share66.157+41%38.96338.9630%66.005-41%50.844-23%35.384+10%
Usd Profit--306665571.532306665571.5320%242290945.280+27%258597719.718+19%212604249.793+44%
Usd Revenue--1866526009.7521866526009.7520%1392971822.236+34%1327693075.818+41%1038322165.471+80%
Usd Total Gains Per Share--90.66090.6600%55.566+63%42.522+113%31.262+190%
 EOD+4 -4MRQTTM+0 -0YOY+22 -135Y+21 -1410Y+23 -12

3.2. Fundamental Score

Let's check the fundamental score of SalMar ASA based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1528.379
Price to Book Ratio (EOD)Between0-10.333
Net Profit Margin (MRQ)Greater than00.164
Operating Margin (MRQ)Greater than00.243
Quick Ratio (MRQ)Greater than10.084
Current Ratio (MRQ)Greater than11.713
Debt to Asset Ratio (MRQ)Less than10.614
Debt to Equity Ratio (MRQ)Less than11.981
Return on Equity (MRQ)Greater than0.150.015
Return on Assets (MRQ)Greater than0.050.005
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of SalMar ASA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5066.269
Ma 20Greater thanMa 5060.564
Ma 50Greater thanMa 10056.190
Ma 100Greater thanMa 20052.882
OpenGreater thanClose60.480
Total4/5 (80.0%)



Latest Balance Sheet

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

Summary
Total Assets62,500,963
Total Liabilities38,346,200
Total Stockholder Equity19,355,969
 As reported
Total Liabilities 38,346,200
Total Stockholder Equity+ 19,355,969
Total Assets = 62,500,963

Assets

Total Assets62,500,963
Total Current Assets28,947,000
Long-term Assets33,554,736
Total Current Assets
Cash And Cash Equivalents 154,629
Net Receivables 1,414,135
Inventory 12,685,000
Other Current Assets 11,472,000
Total Current Assets  (as reported)28,947,000
Total Current Assets  (calculated)25,725,764
+/- 3,221,236
Long-term Assets
Property Plant Equipment 12,517,826
Goodwill 2,999,860
Intangible Assets 15,291,193
Other Assets 373,000
Long-term Assets  (as reported)33,554,736
Long-term Assets  (calculated)31,181,879
+/- 2,372,857

Liabilities & Shareholders' Equity

Total Current Liabilities16,898,000
Long-term Liabilities21,447,869
Total Stockholder Equity19,355,969
Total Current Liabilities
Short Long Term Debt 3,442,121
Accounts payable 3,337,649
Other Current Liabilities 13,183,000
Total Current Liabilities  (as reported)16,898,000
Total Current Liabilities  (calculated)19,962,770
+/- 3,064,770
Long-term Liabilities
Long term Debt 18,349,972
Capital Lease Obligations Min Short Term Debt1,425,297
Other Liabilities 1,946,000
Long-term Liabilities  (as reported)21,447,869
Long-term Liabilities  (calculated)21,721,269
+/- 273,400
Total Stockholder Equity
Common Stock36,000
Retained Earnings 6,393,000
Other Stockholders Equity 746,000
Total Stockholder Equity (as reported)19,355,969
Total Stockholder Equity (calculated)7,175,000
+/- 12,180,969
Other
Capital Stock36,285
Common Stock Shares Outstanding 131,433
Net Debt 21,637,464
Net Invested Capital 41,148,062
Net Tangible Assets 1,066,000
Net Working Capital 12,047,896
Property Plant and Equipment Gross 17,781,239



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 
9,931,551
10,124,407
10,935,313
13,401,686
12,926,246
15,135,564
17,986,057
21,998,194
28,085,251
62,500,963
62,500,96328,085,25121,998,19417,986,05715,135,56412,926,24613,401,68610,935,31310,124,4079,931,551
   > Total Current Assets 
5,199,420
4,668,964
4,981,792
6,393,351
5,315,649
6,924,623
7,490,289
7,918,172
10,244,238
28,947,000
28,947,00010,244,2387,918,1727,490,2896,924,6235,315,6496,393,3514,981,7924,668,9645,199,420
       Cash And Cash Equivalents 
1,070,998
166,963
273,696
206,586
107,021
152,352
143,218
79,909
780,846
154,629
154,629780,84679,909143,218152,352107,021206,586273,696166,9631,070,998
       Net Receivables 
810,261
1,137,834
988,704
821,261
702,539
862,735
925,499
588,989
934,934
1,414,135
1,414,135934,934588,989925,499862,735702,539821,261988,7041,137,834810,261
       Inventory 
3,248,689
3,321,138
3,634,268
5,221,784
4,394,573
5,765,550
6,189,538
6,669,789
7,928,044
12,685,000
12,685,0007,928,0446,669,7896,189,5385,765,5504,394,5735,221,7843,634,2683,321,1383,248,689
       Other Current Assets 
17,636
4,419
32,399
15,153
-100
126,202
137,767
210,326
37,389
11,472,000
11,472,00037,389210,326137,767126,202-10015,15332,3994,41917,636
   > Long-term Assets 
0
0
0
7,008,335
7,610,597
8,210,941
10,495,768
14,080,022
17,841,013
33,554,736
33,554,73617,841,01314,080,02210,495,7688,210,9417,610,5977,008,335000
       Property Plant Equipment 
1,859,324
2,017,575
2,403,772
3,137,522
3,604,770
3,591,490
9,309,542
6,402,796
8,010,052
12,517,826
12,517,8268,010,0526,402,7969,309,5423,591,4903,604,7703,137,5222,403,7722,017,5751,859,324
       Goodwill 
433,348
447,372
447,372
446,465
446,465
446,465
446,465
441,130
752,063
2,999,860
2,999,860752,063441,130446,465446,465446,465446,465447,372447,372433,348
       Long Term Investments 
402,722
524,230
627,970
908,689
1,024,189
1,189,365
814,200
0
0
0
000814,2001,189,3651,024,189908,689627,970524,230402,722
       Intangible Assets 
2,030,710
2,451,271
2,466,171
2,464,331
2,478,509
2,957,486
4,295,468
6,385,102
7,778,407
15,291,193
15,291,1937,778,4076,385,1024,295,4682,957,4862,478,5092,464,3312,466,1712,451,2712,030,710
       Long-term Assets Other 
0
0
0
7,008,335
2
8,210,941
-4,369,923
-4
-2
-2
-2-2-4-4,369,9238,210,94127,008,335000
> Total Liabilities 
4,870,767
4,987,130
5,708,273
6,720,853
5,258,118
5,995,721
8,245,957
11,011,292
12,602,075
38,346,200
38,346,20012,602,07511,011,2928,245,9575,995,7215,258,1186,720,8535,708,2734,987,1304,870,767
   > Total Current Liabilities 
1,224,973
1,532,974
1,724,273
2,785,995
2,739,897
3,435,174
3,247,958
4,736,427
4,686,079
16,898,000
16,898,0004,686,0794,736,4273,247,9583,435,1742,739,8972,785,9951,724,2731,532,9741,224,973
       Short-term Debt 
2,843,423
153,518
140,421
198,612
243,633
748,188
381,500
0
0
0
000381,500748,188243,633198,612140,421153,5182,843,423
       Short Long Term Debt 
2,843,423
153,518
140,421
198,612
243,633
748,188
381,539
1,438,435
571,274
3,442,121
3,442,121571,2741,438,435381,539748,188243,633198,612140,421153,5182,843,423
       Accounts payable 
515,856
409,485
649,274
1,199,402
1,248,975
1,194,760
1,305,050
2,056,323
2,317,308
3,337,649
3,337,6492,317,3082,056,3231,305,0501,194,7601,248,9751,199,402649,274409,485515,856
       Other Current Liabilities 
33,530
531,517
551,333
1,000,297
726,572
819,195
633,169
559,903
770,321
13,183,000
13,183,000770,321559,903633,169819,195726,5721,000,297551,333531,51733,530
   > Long-term Liabilities 
0
0
0
3,934,858
2,518,221
2,560,547
4,997,999
6,274,865
7,915,996
21,447,869
21,447,8697,915,9966,274,8654,997,9992,560,5472,518,2213,934,858000
       Capital Lease Obligations 
0
0
0
360,556
344,972
329,190
629,604
933,695
967,166
1,425,297
1,425,297967,166933,695629,604329,190344,972360,556000
       Long-term Liabilities Other 
0
0
0
0
0
-1
1
1
0
0
0011-100000
> Total Stockholder Equity
4,722,976
5,076,655
5,147,356
6,598,401
7,580,059
9,048,114
9,007,709
9,851,016
13,230,349
19,355,969
19,355,96913,230,3499,851,0169,007,7099,048,1147,580,0596,598,4015,147,3565,076,6554,722,976
   Common Stock
28,325
28,325
28,325
28,325
28,325
28,325
28,325
28,325
29,450
36,000
36,00029,45028,32528,32528,32528,32528,32528,32528,32528,325
   Retained Earnings 
4,245,722
4,594,077
4,637,108
6,062,254
6,974,861
8,403,890
8,289,417
9,028,624
9,711,206
6,393,000
6,393,0009,711,2069,028,6248,289,4178,403,8906,974,8616,062,2544,637,1084,594,0774,245,722
   Capital Surplus 0000000000
   Treasury Stock0000000000
   Other Stockholders Equity 
33,968
39,292
66,932
92,782
161,776
200,753
274,776
378,839
387,758
746,000
746,000387,758378,839274,776200,753161,77692,78266,93239,29233,968



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.




Income Statement

Currency in NOK. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue26,604,279
Cost of Revenue-11,723,414
Gross Profit14,880,86514,880,865
 
Operating Income (+$)
Gross Profit14,880,865
Operating Expense-19,764,367
Operating Income6,839,912-4,883,502
 
Operating Expense (+$)
Research Development-
Selling General Administrative-
Selling And Marketing Expenses-
Operating Expense19,764,3670
 
Net Interest Income (+$)
Interest Income-
Interest Expense--
Other Finance Cost-981,078
Net Interest Income-981,078
 
Pretax Income (+$)
Operating Income6,839,912
Net Interest Income-981,078
Other Non-Operating Income Expenses-
Income Before Tax (EBT)6,083,0326,839,912
EBIT - interestExpense = 0
1,720,955
1,720,955
Interest Expense-
Earnings Before Interest and Taxes (EBIT)-6,083,032
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax6,083,032
Tax Provision-4,773,996
Net Income From Continuing Ops1,309,0361,309,036
Net Income1,720,955
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-981,078
 

Technical Analysis of Salmar
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 Salmar. The general trend of Salmar is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Salmar'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 SalMar ASA.

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: .

The bearish price targets are: 59.92 > 55.98 > 53.54.

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SalMar ASA 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 SalMar ASA. The current mas is .

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

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

Directionalities and relatives.

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

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

SalMar ASA 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 SalMar ASA. The current macd is 1.40265664.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Salmar price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Salmar. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Salmar price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
SalMar ASA Daily Moving Average Convergence/Divergence (MACD) ChartSalMar ASA 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 SalMar ASA. The current adx is 43.65.

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

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Salmar shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
SalMar ASA 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 SalMar ASA. The current sar is 60.26.

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
SalMar ASA 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 SalMar ASA. The current rsi is 66.27. The current phase is Continuation in bull market.

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

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
SalMar ASA Daily Relative Strength Index (RSI) ChartSalMar ASA 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 SalMar ASA. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 2/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Salmar price going down in the near term. -2
  • Trending up: The STOCH %K is trending up. +1
SalMar ASA Daily Stochastic Oscillator ChartSalMar ASA 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 SalMar ASA. The current cci is 53.81.

SalMar ASA Daily Commodity Channel Index (CCI) ChartSalMar ASA 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 SalMar ASA. The current cmo is 27.08.

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

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
SalMar ASA Daily Chande Momentum Oscillator (CMO) ChartSalMar ASA 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 SalMar ASA. The current willr is -44.64285714.

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 Salmar is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
SalMar ASA Daily Williams %R ChartSalMar ASA 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 SalMar ASA.

SalMar ASA 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 SalMar ASA. The current atr is 0.6934764.

SalMar ASA Daily Average True Range (ATR) ChartSalMar ASA 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 SalMar ASA. The current obv is -66,193.

SalMar ASA Daily On-Balance Volume (OBV) ChartSalMar ASA 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 SalMar ASA. The current mfi is 27.67.

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
SalMar ASA Daily Money Flow Index (MFI) ChartSalMar ASA Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for SalMar ASA.

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
2023-11-07 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-08 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-09 00:00:00DMI 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
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-10 00:00:00BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-13 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-15 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-16 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-17 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-21 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-24 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29 00:00:00ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-01 00:00:00STOCH 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).
2023-12-04 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-05 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-06 00:00:00MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-11 00:00:00CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-12 00:00:00CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-13 00:00:00DMI 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
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-14 00:00:00DMI 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
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-15 00:00:00MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-18 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-19 00:00:00MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-20 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-21 00:00:00CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-22 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-28 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-02 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-03 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-04 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-05 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-09 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-10 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-16 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-17 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-18 00:00:00CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-19 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
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).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-23 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-26 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-30 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-31 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-01 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-05 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-07 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-08 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-09 00:00:00CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-13 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-14 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-15 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-16 00:00:00WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-20 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-21 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-22 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-29 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-01 00:00:00ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-04 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-05 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-06 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-08 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-11 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-14 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-03-18 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-20 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH 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).
2024-03-21 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-22 00:00:00RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-03-25 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-26 00:00:00RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

SalMar ASA Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of SalMar ASA based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5066.269
Ma 20Greater thanMa 5060.564
Ma 50Greater thanMa 10056.190
Ma 100Greater thanMa 20052.882
OpenGreater thanClose60.480
Total4/5 (80.0%)
Penke

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