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Midsummer AB (publ)
Buy, Hold or Sell?

Let's analyse Midsummer together

PenkeI guess you are interested in Midsummer AB (publ). Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Midsummer AB (publ). At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Midsummer (30 sec.)










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

How much money do you get?

How much money do you get?
kr0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
kr0.93
Expected worth in 1 year
kr0.98
How sure are you?
34.8%

+ What do you gain per year?

Total Gains per Share
kr0.05
Return On Investment
2.3%

For what price can you sell your share?

Current Price per Share
kr2.35
Expected price per share
kr1.438 - kr2.6883611940299
How sure are you?
50%

1. Valuation of Midsummer (5 min.)




Live pricePrice per Share (EOD)

kr2.35

Intrinsic Value Per Share

kr-10.51 - kr-12.26

Total Value Per Share

kr-9.58 - kr-11.33

2. Growth of Midsummer (5 min.)




Is Midsummer growing?

Current yearPrevious yearGrowGrow %
How rich?$18.2m$22.9m-$2.5m-12.7%

How much money is Midsummer making?

Current yearPrevious yearGrowGrow %
Making money-$5m-$2.2m-$2.8m-56.4%
Net Profit Margin-436.5%-146.8%--

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

3. Financial Health of Midsummer (5 min.)




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




  Industry Rankings (Solar)  


Richest
#62 / 84

Most Revenue
#75 / 84

Most Profit
#69 / 84

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

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

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

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

Speculation

The Price per Share of Midsummer is kr2.35. 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 Midsummer.
  • 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 Midsummer, 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 kr0.93. Based on the TTM, the Book Value Change Per Share is kr0.01 per quarter. Based on the YOY, the Book Value Change Per Share is kr-0.08 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is kr0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Midsummer.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 kr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Share
Usd Eps-0.03-1.3%-0.02-1.0%-0.01-0.5%-0.01-0.5%-0.01-0.5%
Usd Book Value Change Per Share-0.01-0.4%0.000.1%-0.01-0.3%0.000.0%0.000.2%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-0.01-0.4%0.000.1%-0.01-0.3%0.000.0%0.000.2%
Usd Price Per Share0.11-0.21-1.05-1.40-1.58-
Price to Earnings Ratio-0.86--2.52--5.20--1.80-24.25-
Price-to-Total Gains Ratio-11.03--16.95--29.61-133.71-314.90-
Price to Book Ratio1.23-2.30-9.84-22.57-24.73-
Price-to-Total Gains Ratio-11.03--16.95--29.61-133.71-314.90-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.2209
Number of shares4526
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.000.00
Usd Total Gains Per Share0.000.00
Gains per Quarter (4526 shares)5.673.20
Gains per Year (4526 shares)22.6612.81
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1023130133
20453602616
30685903829
40918205142
5011310506455
6013612807768
7015915109081
80181174010394
902041970115107
1002272200128120

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.04.00.00.0%1.011.00.08.3%3.017.00.015.0%6.017.00.026.1%6.017.00.026.1%
Book Value Change Per Share1.03.00.025.0%3.09.00.025.0%5.015.00.025.0%8.015.00.034.8%8.015.00.034.8%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%0.00.023.00.0%0.00.023.00.0%
Total Gains per Share1.03.00.025.0%3.09.00.025.0%5.015.00.025.0%8.015.00.034.8%8.015.00.034.8%

Fundamentals of Midsummer

About Midsummer AB (publ)

Midsummer AB (publ) develops and supplies equipment for the production of flexible thin-film solar cells in Sweden, China, Hong Kong, the European Union, and internationally. It offers Duo, a ready-made production system for the CIGS solar cell manufacturing; UNO, a generic tool used for solar cell research; Slim, combination of thin solar panels and a classic folded sheet metal roof; Wave, a solar panel used for roof tiles; and Bold, an ultra-light and flexible solar panel that prevents damage to the roof caused by UV light. The company also sells and installs panels and solar roofs, as well as replacement roofs. In addition, it offers batteries for energy storage, as well as electric vehicle chargers. Midsummer AB (publ) was founded in 2004 and is headquartered in Järfälla, Sweden.

Fundamental data was last updated by Penke on 2024-03-10 22:09:02.

Financial Health

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

1.1. Profitability of Midsummer AB (publ).

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Midsummer to the Solar industry mean.
  • A Net Profit Margin of -475.4% means that kr-4.75 for each kr1 in revenue is generated as profit.

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

  • The MRQ is -475.4%. The company is making a huge loss. -2
  • The TTM is -436.5%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-475.4%TTM-436.5%-38.9%
TTM-436.5%YOY-146.8%-289.8%
TTM-436.5%5Y-268.8%-167.7%
5Y-268.8%10Y-231.8%-37.0%
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ-475.4%0.1%-475.5%
TTM-436.5%-4.3%-432.2%
YOY-146.8%-0.3%-146.5%
5Y-268.8%-8.1%-260.7%
10Y-231.8%-8.3%-223.5%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Midsummer to the Solar industry mean.
  • -13.5% Return on Assets means that Midsummer generated kr-0.13 profit for each $1 in assets.

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

  • The MRQ is -13.5%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -10.2%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-13.5%TTM-10.2%-3.3%
TTM-10.2%YOY-5.0%-5.2%
TTM-10.2%5Y-6.5%-3.7%
5Y-6.5%10Y-5.2%-1.4%
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ-13.5%-0.2%-13.3%
TTM-10.2%-0.2%-10.0%
YOY-5.0%-0.2%-4.8%
5Y-6.5%-0.6%-5.9%
10Y-5.2%-0.6%-4.6%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Midsummer to the Solar industry mean.
  • -35.9% Return on Equity means Midsummer generated kr-0.36 for each kr1 the owners (shareholders) invested.

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

  • The MRQ is -35.9%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -25.6%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-35.9%TTM-25.6%-10.2%
TTM-25.6%YOY-11.8%-13.8%
TTM-25.6%5Y-17.1%-8.5%
5Y-17.1%10Y-14.2%-3.0%
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ-35.9%0.1%-36.0%
TTM-25.6%0.4%-26.0%
YOY-11.8%0.5%-12.3%
5Y-17.1%-0.5%-16.6%
10Y-14.2%-0.6%-13.6%

1.2. Operating Efficiency of Midsummer AB (publ).

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Midsummer is operating .

  • Measures how much profit Midsummer makes for each kr1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Midsummer to the Solar industry mean.
  • An Operating Margin of -309.5% means the company generated kr-3.09  for each kr1 in revenue (before taxes).

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

  • The MRQ is -309.5%. The company is operating very inefficient. -2
  • The TTM is -343.4%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-309.5%TTM-343.4%+33.9%
TTM-343.4%YOY-130.0%-213.4%
TTM-343.4%5Y-222.6%-120.8%
5Y-222.6%10Y-191.6%-31.0%
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ-309.5%-6.4%-303.1%
TTM-343.4%-0.7%-342.7%
YOY-130.0%0.2%-130.2%
5Y-222.6%0.1%-222.7%
10Y-191.6%-1.4%-190.2%
1.2.2. Operating Ratio

Measures how efficient Midsummer is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Solar industry mean).
  • An Operation Ratio of 4.09 means that the operating costs are kr4.09 for each kr1 in net sales.

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

  • The MRQ is 4.095. The company is inefficient in keeping operating costs low. -1
  • The TTM is 4.843. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ4.095TTM4.843-0.748
TTM4.843YOY2.426+2.417
TTM4.8435Y3.209+1.634
5Y3.20910Y2.921+0.288
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ4.0951.629+2.466
TTM4.8431.630+3.213
YOY2.4261.680+0.746
5Y3.2091.625+1.584
10Y2.9211.423+1.498

1.3. Liquidity of Midsummer AB (publ).

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Solar industry mean).
  • A Current Ratio of 2.70 means the company has kr2.70 in assets for each kr1 in short-term debts.

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

  • The MRQ is 2.697. The company is able to pay all its short-term debts. +1
  • The TTM is 2.773. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.697TTM2.773-0.076
TTM2.773YOY6.618-3.845
TTM2.7735Y7.111-4.338
5Y7.11110Y6.778+0.333
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ2.6971.265+1.432
TTM2.7731.421+1.352
YOY6.6181.437+5.181
5Y7.1111.536+5.575
10Y6.7781.355+5.423
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Midsummer to the Solar industry mean.
  • A Quick Ratio of 1.40 means the company can pay off kr1.40 for each kr1 in debt (using most liquid assets).

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

  • The MRQ is 1.396. The company is able to pay all its short-term debts with the most liquid assets. +1
  • The TTM is 1.925. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.396TTM1.925-0.530
TTM1.925YOY3.294-1.369
TTM1.9255Y5.307-3.382
5Y5.30710Y5.157+0.150
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3960.517+0.879
TTM1.9250.575+1.350
YOY3.2940.648+2.646
5Y5.3070.651+4.656
10Y5.1570.728+4.429

1.4. Solvency of Midsummer AB (publ).

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Midsummer to Solar industry mean.
  • A Debt to Asset Ratio of 0.62 means that Midsummer assets are financed with 62.4% credit (debt) and the remaining percentage (100% - 62.4%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.624. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.596. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.624TTM0.596+0.028
TTM0.596YOY0.516+0.080
TTM0.5965Y0.575+0.021
5Y0.57510Y0.536+0.038
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6240.588+0.036
TTM0.5960.587+0.009
YOY0.5160.611-0.095
5Y0.5750.617-0.042
10Y0.5360.614-0.078
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Midsummer to the Solar industry mean.
  • A Debt to Equity ratio of 165.9% means that company has kr1.66 debt for each kr1 in shareholders equity.

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

  • The MRQ is 1.659. The company is just able to pay all its debts with equity.
  • The TTM is 1.508. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.659TTM1.508+0.151
TTM1.508YOY1.104+0.404
TTM1.5085Y1.546-0.039
5Y1.54610Y1.396+0.150
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6591.389+0.270
TTM1.5081.389+0.119
YOY1.1041.657-0.553
5Y1.5461.730-0.184
10Y1.3961.617-0.221

2. Market Valuation of Midsummer AB (publ)

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

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

  • Above 15 is considered overpriced but always compare Midsummer to the Solar industry mean.
  • A PE ratio of -0.86 means the investor is paying kr-0.86 for every kr1 in earnings.

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

  • The EOD is -1.764. Based on the earnings, the company is expensive. -2
  • The MRQ is -0.860. Based on the earnings, the company is expensive. -2
  • The TTM is -2.522. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-1.764MRQ-0.860-0.904
MRQ-0.860TTM-2.522+1.662
TTM-2.522YOY-5.196+2.674
TTM-2.5225Y-1.800-0.722
5Y-1.80010Y24.247-26.047
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
EOD-1.764-0.150-1.614
MRQ-0.860-0.110-0.750
TTM-2.522-0.031-2.491
YOY-5.196-1.055-4.141
5Y-1.800-2.382+0.582
10Y24.2471.668+22.579
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is -3.054. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -1.489. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -6.371. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-3.054MRQ-1.489-1.565
MRQ-1.489TTM-6.371+4.881
TTM-6.371YOY-14.241+7.870
TTM-6.3715Y-33.628+27.258
5Y-33.62810Y-19.774-13.854
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
EOD-3.054-1.474-1.580
MRQ-1.489-3.077+1.588
TTM-6.371-3.976-2.395
YOY-14.241-4.644-9.597
5Y-33.628-5.747-27.881
10Y-19.774-6.253-13.521
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Solar industry mean).
  • A PB ratio of 1.23 means the investor is paying kr1.23 for each kr1 in book value.

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

  • The EOD is 2.532. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.235. Based on the equity, the company is underpriced. +1
  • The TTM is 2.304. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.532MRQ1.235+1.297
MRQ1.235TTM2.304-1.069
TTM2.304YOY9.844-7.540
TTM2.3045Y22.567-20.263
5Y22.56710Y24.729-2.162
Compared to industry (Solar)
PeriodCompanyIndustry (mean)+/- 
EOD2.5321.291+1.241
MRQ1.2351.570-0.335
TTM2.3041.728+0.576
YOY9.8442.216+7.628
5Y22.5671.949+20.618
10Y24.7292.346+22.383
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Midsummer AB (publ) compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.1040.013-880%-0.083-20%0.008-1479%0.040-357%
Book Value Per Share--0.9281.032-10%1.164-20%0.890+4%0.873+6%
Current Ratio--2.6972.773-3%6.618-59%7.111-62%6.778-60%
Debt To Asset Ratio--0.6240.596+5%0.516+21%0.575+9%0.536+16%
Debt To Equity Ratio--1.6591.508+10%1.104+50%1.546+7%1.396+19%
Dividend Per Share----0%-0%-0%-0%
Eps---0.333-0.256-23%-0.114-66%-0.137-59%-0.113-66%
Free Cash Flow Per Share---0.192-0.161-16%-0.239+24%-0.194+1%-0.182-5%
Free Cash Flow To Equity Per Share---0.2370.021-1214%-0.223-6%-0.027-88%-0.019-92%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---12.262--------
Intrinsic Value_10Y_min---10.512--------
Intrinsic Value_1Y_max---0.965--------
Intrinsic Value_1Y_min---0.947--------
Intrinsic Value_3Y_max---3.100--------
Intrinsic Value_3Y_min---2.955--------
Intrinsic Value_5Y_max---5.477--------
Intrinsic Value_5Y_min---5.066--------
Market Cap492827900.000+51%240332244.000475474066.500-49%2333068250.000-90%3119274501.730-92%3524324920.200-93%
Net Profit Margin---4.754-4.365-8%-1.468-69%-2.688-43%-2.318-51%
Operating Margin---3.095-3.434+11%-1.300-58%-2.226-28%-1.916-38%
Operating Ratio--4.0954.843-15%2.426+69%3.209+28%2.921+40%
Pb Ratio2.532+51%1.2352.304-46%9.844-87%22.567-95%24.729-95%
Pe Ratio-1.764-105%-0.860-2.522+193%-5.196+504%-1.800+109%24.247-104%
Price Per Share2.350+51%1.1462.267-49%11.125-90%14.874-92%16.805-93%
Price To Free Cash Flow Ratio-3.054-105%-1.489-6.371+328%-14.241+856%-33.628+2158%-19.774+1228%
Price To Total Gains Ratio-22.627-105%-11.034-16.955+54%-29.610+168%133.705-108%314.897-104%
Quick Ratio--1.3961.925-28%3.294-58%5.307-74%5.157-73%
Return On Assets---0.135-0.102-24%-0.050-63%-0.065-52%-0.052-62%
Return On Equity---0.359-0.256-29%-0.118-67%-0.171-52%-0.142-60%
Total Gains Per Share---0.1040.013-880%-0.083-20%0.008-1479%0.040-357%
Usd Book Value--18297475.90620351540.477-10%22942674.000-20%17550173.161+4%17212749.043+6%
Usd Book Value Change Per Share---0.0100.001-880%-0.008-20%0.001-1479%0.004-357%
Usd Book Value Per Share--0.0870.097-10%0.109-20%0.084+4%0.082+6%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.031-0.024-23%-0.011-66%-0.013-59%-0.011-66%
Usd Free Cash Flow---3792054.000-3171795.000-16%-4720092.500+24%-3830474.940+1%-3591818.617-5%
Usd Free Cash Flow Per Share---0.018-0.015-16%-0.023+24%-0.018+1%-0.017-5%
Usd Free Cash Flow To Equity Per Share---0.0220.002-1214%-0.021-6%-0.003-88%-0.002-92%
Usd Market Cap46325822.600+51%22591230.93644694562.251-49%219308415.500-90%293211803.163-92%331286542.499-93%
Usd Price Per Share0.221+51%0.1080.213-49%1.046-90%1.398-92%1.580-93%
Usd Profit---6566088.000-5099782.000-22%-2224087.000-66%-2789993.616-58%-2318691.203-65%
Usd Revenue--1381048.0001166281.500+18%1254336.000+10%2135390.414-35%2558707.207-46%
Usd Total Gains Per Share---0.0100.001-880%-0.008-20%0.001-1479%0.004-357%
 EOD+5 -3MRQTTM+6 -27YOY+7 -265Y+8 -2510Y+6 -27

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-1.764
Price to Book Ratio (EOD)Between0-12.532
Net Profit Margin (MRQ)Greater than0-4.754
Operating Margin (MRQ)Greater than0-3.095
Quick Ratio (MRQ)Greater than11.396
Current Ratio (MRQ)Greater than12.697
Debt to Asset Ratio (MRQ)Less than10.624
Debt to Equity Ratio (MRQ)Less than11.659
Return on Equity (MRQ)Greater than0.15-0.359
Return on Assets (MRQ)Greater than0.05-0.135
Total3/10 (30.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5081.753
Ma 20Greater thanMa 501.638
Ma 50Greater thanMa 1001.266
Ma 100Greater thanMa 2001.143
OpenGreater thanClose2.250
Total3/5 (60.0%)



Latest Balance Sheet

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

Summary
Total Assets517,559
Total Liabilities322,905
Total Stockholder Equity194,654
 As reported
Total Liabilities 322,905
Total Stockholder Equity+ 194,654
Total Assets = 517,559

Assets

Total Assets517,559
Total Current Assets269,629
Long-term Assets247,930
Total Current Assets
Cash And Cash Equivalents 20,523
Net Receivables 118,996
Inventory 31,173
Other Current Assets 98,937
Total Current Assets  (as reported)269,629
Total Current Assets  (calculated)269,629
+/-0
Long-term Assets
Property Plant Equipment 194,350
Long-term Assets Other 53,410
Long-term Assets  (as reported)247,930
Long-term Assets  (calculated)247,760
+/- 170

Liabilities & Shareholders' Equity

Total Current Liabilities99,960
Long-term Liabilities222,945
Total Stockholder Equity194,654
Total Current Liabilities
Short-term Debt 16,657
Accounts payable 15,528
Other Current Liabilities 67,744
Total Current Liabilities  (as reported)99,960
Total Current Liabilities  (calculated)99,929
+/- 31
Long-term Liabilities
Long-term Liabilities  (as reported)222,945
Long-term Liabilities  (calculated)0
+/- 222,945
Total Stockholder Equity
Common Stock8,283
Retained Earnings -587,421
Accumulated Other Comprehensive Income 18,275
Other Stockholders Equity 755,517
Total Stockholder Equity (as reported)194,654
Total Stockholder Equity (calculated)194,654
+/-0
Other
Cash and Short Term Investments 20,523
Common Stock Shares Outstanding 129,413
Current Deferred Revenue31
Liabilities and Stockholders Equity 517,559
Net Debt 215,983
Net Working Capital 169,669
Short Long Term Debt Total 236,506



Balance Sheet

All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-30
> Total Assets 
229,148
226,752
208,783
199,060
383,786
356,114
351,656
348,428
328,204
319,016
520,394
470,245
433,608
404,428
491,236
535,937
507,313
492,298
469,424
489,975
597,767
518,331
517,559
517,559518,331597,767489,975469,424492,298507,313535,937491,236404,428433,608470,245520,394319,016328,204348,428351,656356,114383,786199,060208,783226,752229,148
   > Total Current Assets 
170,725
167,370
148,182
137,109
306,545
282,378
259,074
257,992
238,430
232,303
393,465
320,377
262,396
256,835
283,428
360,454
310,462
291,208
248,806
257,209
342,537
282,299
269,629
269,629282,299342,537257,209248,806291,208310,462360,454283,428256,835262,396320,377393,465232,303238,430257,992259,074282,378306,545137,109148,182167,370170,725
       Cash And Cash Equivalents 
32,741
65,656
53,079
42,589
191,812
140,220
111,015
72,236
28,475
27,635
217,610
176,000
126,948
124,121
159,161
111,599
48,216
26,831
2,389
4,065
143,556
69,449
20,523
20,52369,449143,5564,0652,38926,83148,216111,599159,161124,121126,948176,000217,61027,63528,47572,236111,015140,220191,81242,58953,07965,65632,741
       Net Receivables 
124,825
81,454
84,659
79,135
8,154
10,803
123,349
162,182
177,630
169,640
148,696
118,890
101,611
95,213
89,443
80,786
94,995
95,749
225,945
97,124
98,508
181,992
118,996
118,996181,99298,50897,124225,94595,74994,99580,78689,44395,213101,611118,890148,696169,640177,630162,182123,34910,8038,15479,13584,65981,454124,825
       Inventory 
12,405
19,272
9,614
13,321
11,212
19,954
23,732
22,007
30,262
32,143
26,682
25,084
33,273
36,900
30,384
32,228
28,560
28,731
20,471
24,444
26,907
30,857
31,173
31,17330,85726,90724,44420,47128,73128,56032,22830,38436,90033,27325,08426,68232,14330,26222,00723,73219,95411,21213,3219,61419,27212,405
   > Long-term Assets 
58,423
59,382
60,601
61,951
77,241
73,737
92,582
90,436
89,774
86,712
126,929
149,868
171,212
147,593
207,808
175,483
196,852
201,089
220,618
232,766
255,230
236,032
247,930
247,930236,032255,230232,766220,618201,089196,852175,483207,808147,593171,212149,868126,92986,71289,77490,43692,58273,73777,24161,95160,60159,38258,423
       Property Plant Equipment 
31,022
29,146
29,281
29,989
41,473
42,092
61,108
56,633
52,734
47,797
81,453
101,294
119,595
94,604
154,520
121,339
141,973
146,144
165,654
174,513
193,525
182,064
194,350
194,350182,064193,525174,513165,654146,144141,973121,339154,52094,604119,595101,29481,45347,79752,73456,63361,10842,09241,47329,98929,28129,14631,022
       Long Term Investments 
0
0
50
50
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000505000
       Intangible Assets 
27,361
30,394
31,229
31,872
32,033
31,605
31,434
33,763
37,000
38,875
45,436
48,535
51,577
52,949
53,248
54,104
54,840
54,711
54,332
58,049
61,516
53,794
0
053,79461,51658,04954,33254,71154,84054,10453,24852,94951,57748,53545,43638,87537,00033,76331,43431,60532,03331,87231,22930,39427,361
       Long-term Assets Other 
40
40
-4,753
90
40
40
40
40
40
40
40
39
51,617
52,989
40
40
39
234
632
204
189
174
53,410
53,41017418920463223439404052,98951,617394040404040404090-4,7534040
> Total Liabilities 
73,071
68,354
45,708
40,213
237,197
234,759
251,385
247,507
244,859
242,324
264,461
240,298
241,762
231,357
238,280
239,211
239,969
263,566
285,942
319,626
313,182
301,896
322,905
322,905301,896313,182319,626285,942263,566239,969239,211238,280231,357241,762240,298264,461242,324244,859247,507251,385234,759237,19740,21345,70868,35473,071
   > Total Current Liabilities 
43,816
39,796
26,604
21,497
23,491
22,192
36,126
34,069
32,941
33,256
54,980
31,699
34,205
25,295
33,527
34,335
33,639
50,363
258,935
278,177
88,558
78,367
99,960
99,96078,36788,558278,177258,93550,36333,63934,33533,52725,29534,20531,69954,98033,25632,94134,06936,12622,19223,49121,49726,60439,79643,816
       Short-term Debt 
1,312
1,312
11,745
9,086
3,300
3,366
7,957
12,858
10,181
10,776
6,331
6,601
6,658
7,818
7,710
7,567
6,426
16,241
225,227
212,197
23,644
16,125
16,657
16,65716,12523,644212,197225,22716,2416,4267,5677,7107,8186,6586,6016,33110,77610,18112,8587,9573,3663,3009,08611,7451,3121,312
       Short Long Term Debt 
0
0
0
9,086
3,300
3,366
129
0
0
0
535
0
0
0
1,367
1,369
2
10,001
215,215
205,206
16,449
8,943
0
08,94316,449205,206215,21510,00121,3691,3670005350001293,3663,3009,086000
       Accounts payable 
24,048
21,243
8,734
6,229
11,627
8,882
16,249
9,715
8,500
8,203
34,387
11,878
13,635
6,445
10,107
11,980
11,592
19,090
20,806
33,005
26,153
22,515
15,528
15,52822,51526,15333,00520,80619,09011,59211,98010,1076,44513,63511,87834,3878,2038,5009,71516,2498,88211,6276,2298,73421,24324,048
       Other Current Liabilities 
18,456
17,241
6,125
6,182
8,563
9,943
11,920
11,496
14,260
14,277
14,262
13,220
13,912
11,032
15,710
14,788
15,621
15,032
12,902
32,975
30,143
31,209
67,744
67,74431,20930,14332,97512,90215,03215,62114,78815,71011,03213,91213,22014,26214,27714,26011,49611,9209,9438,5636,1826,12517,24118,456
   > Long-term Liabilities 
29,254
28,558
19,104
18,717
213,707
212,567
215,259
213,438
211,918
209,068
209,481
208,599
207,557
206,062
204,753
204,876
206,330
213,203
27,007
41,449
224,624
223,529
222,945
222,945223,529224,62441,44927,007213,203206,330204,876204,753206,062207,557208,599209,481209,068211,918213,438215,259212,567213,70718,71719,10428,55829,254
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
208,526
209,294
208,474
207,558
206,062
207,823
203,597
204,446
211,177
24,692
39,034
221,981
220,638
0
0220,638221,98139,03424,692211,177204,446203,597207,823206,062207,558208,474209,294208,526000000000
       Capital Lease Obligations 
0
0
0
0
0
0
13,847
0
0
0
14,023
0
0
0
11,396
10,095
9,803
8,225
39,396
21,025
19,176
17,820
0
017,82019,17621,02539,3968,2259,80310,09511,39600014,02300013,847000000
       Other Liabilities 
29,254
28,558
19,104
18,717
1,266
937
1,484
1,083
792
542
187
125
-1
0
0
1,279
1,884
2,026
2,315
0
0
0
0
00002,3152,0261,8841,27900-11251875427921,0831,4849371,26618,71719,10428,55829,254
> Total Stockholder Equity
156,077
158,398
163,075
158,847
146,589
121,355
100,271
100,921
83,345
76,691
255,933
229,947
191,846
173,071
252,956
296,726
267,344
228,732
183,482
170,349
284,585
216,435
194,654
194,654216,435284,585170,349183,482228,732267,344296,726252,956173,071191,846229,947255,93376,69183,345100,921100,271121,355146,589158,847163,075158,398156,077
   Common Stock
989
1,236
1,236
1,236
1,236
1,236
1,236
1,236
1,236
1,352
2,367
2,367
2,367
2,367
2,710
2,710
2,710
2,710
2,710
2,776
5,176
5,176
8,283
8,2835,1765,1762,7762,7102,7102,7102,7102,7102,3672,3672,3672,3671,3521,2361,2361,2361,2361,2361,2361,2361,236989
   Retained Earnings -587,421-520,215-461,039-404,920-367,853-328,447-282,319-230,201-280,015-234,455-215,506-177,822-150,504-112,233-75,129-57,553-58,203-37,119-11,885-29,012-24,115-24,440-23,699
   Capital Surplus 
0
0
0
0
0
0
157,238
157,238
157,238
187,572
404,559
405,260
405,260
405,260
530,037
530,037
530,037
530,037
530,037
550,370
702,931
702,931
0
0702,931702,931550,370530,037530,037530,037530,037530,037405,260405,260405,260404,559187,572157,238157,238157,238000000
   Treasury Stock00000000000000000000000
   Other Stockholders Equity 
178,787
181,602
185,955
186,623
157,238
157,238
157,238
157,238
157,238
187,572
404,070
405,402
404,985
405,159
530,261
524,217
546,953
554,469
530,037
550,370
702,931
702,931
755,517
755,517702,931702,931550,370530,037554,469546,953524,217530,261405,159404,985405,402404,070187,572157,238157,238157,238157,238157,238186,623185,955181,602178,787



Balance Sheet

All numbers in thousands.




Cash Flow

Currency in SEK. All numbers in thousands.




Income Statement

Currency in SEK. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue49,630
Cost of Revenue-253,655
Gross Profit-204,025-204,025
 
Operating Income (+$)
Gross Profit-204,025
Operating Expense-195,878
Operating Income-204,025-399,903
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense195,8780
 
Net Interest Income (+$)
Interest Income37,690
Interest Expense-79,708
Other Finance Cost-54,969
Net Interest Income12,951
 
Pretax Income (+$)
Operating Income-204,025
Net Interest Income12,951
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-225,265-182,785
EBIT - interestExpense = -283,733
-225,265
-142,506
Interest Expense79,708
Earnings Before Interest and Taxes (EBIT)-204,025-145,557
Earnings Before Interest and Taxes (EBITDA)-134,229
 
After tax Income (+$)
Income Before Tax-225,265
Tax Provision--1,132
Net Income From Continuing Ops-191,767-224,133
Net Income-222,214
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses253,655
Total Other Income/Expenses Net-21,240-12,951
 

Technical Analysis of Midsummer
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 Midsummer. The general trend of Midsummer is BULLISH with 71.4% 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 Midsummer'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 (71.4%) Bearish trend (-71.4%)
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 Midsummer AB (publ).

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: 2.393826446281 < 2.5686844277674 < 2.6883611940299.

The bearish price targets are: 2.295 > 2.1727695961995 > 1.438.

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Midsummer AB (publ) Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Midsummer AB (publ). The current mas is .

The long score for the Moving Averages is 12/14.
The longshort score for the Moving Averages is 10/(-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 lower than the MA 200. -1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending 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

Midsummer AB (publ) Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Midsummer AB (publ). The current macd is 0.26904153.

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

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

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Midsummer AB (publ). The current adx is 46.86.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-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 Midsummer shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Midsummer AB (publ) Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Midsummer AB (publ). The current sar is 1.8865.

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
Midsummer AB (publ) Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Midsummer AB (publ). The current rsi is 81.75. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending up: The RSI is trending up. +1
Midsummer AB (publ) Daily Relative Strength Index (RSI) ChartMidsummer AB (publ) Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Midsummer AB (publ). The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 3/6.
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 > 80: The STOCH %K is above 80 and overbought. +2
  • 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 Midsummer price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Midsummer AB (publ) Daily Stochastic Oscillator ChartMidsummer AB (publ) Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Midsummer AB (publ). The current cci is 135.31.

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

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Midsummer AB (publ) Daily Commodity Channel Index (CCI) ChartMidsummer AB (publ) Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Midsummer AB (publ). The current cmo is 70.60.

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
Midsummer AB (publ) Daily Chande Momentum Oscillator (CMO) ChartMidsummer AB (publ) Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Midsummer AB (publ). The current willr is -18.69918699.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Midsummer AB (publ) Daily Williams %R ChartMidsummer AB (publ) Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Midsummer AB (publ).

Midsummer AB (publ) Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Midsummer AB (publ). The current atr is 0.18736403.

Midsummer AB (publ) Daily Average True Range (ATR) ChartMidsummer AB (publ) Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Midsummer AB (publ). The current obv is -476,310.

Midsummer AB (publ) Daily On-Balance Volume (OBV) ChartMidsummer AB (publ) Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Midsummer AB (publ). The current mfi is 76.93.

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

  • MFI > 50: +1
Midsummer AB (publ) Daily Money Flow Index (MFI) ChartMidsummer AB (publ) Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Midsummer AB (publ).

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

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

6.3. Candlestick Patterns

Midsummer AB (publ) Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5081.753
Ma 20Greater thanMa 501.638
Ma 50Greater thanMa 1001.266
Ma 100Greater thanMa 2001.143
OpenGreater thanClose2.250
Total3/5 (60.0%)
Penke

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