25 XP   0   0   10

Münchener Rück AG
Buy, Hold or Sell?

Let's analyse Münchener Rück AG together

PenkeI guess you are interested in Münchener Rück AG. 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 Münchener Rück AG. 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.

Get notifications about Münchener Rück AG

I send you an email if I find something interesting about Münchener Rück AG.

Quick analysis of Münchener Rück AG (30 sec.)










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

How much money do you get?

How much money do you get?
€48.44
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
€154.04
Expected worth in 1 year
€-113.34
How sure are you?
80.0%

+ What do you gain per year?

Total Gains per Share
€-222.59
Return On Investment
-51.0%

For what price can you sell your share?

Current Price per Share
€436.50
Expected price per share
€399.70 - €
How sure are you?
50%

1. Valuation of Münchener Rück AG (5 min.)




Live pricePrice per Share (EOD)

€436.50

Intrinsic Value Per Share

€-1,429.36 - €-399.91

Total Value Per Share

€-1,275.33 - €-245.87

2. Growth of Münchener Rück AG (5 min.)




Is Münchener Rück AG growing?

Current yearPrevious yearGrowGrow %
How rich?$22.9b$33.4b-$10.5b-46.0%

How much money is Münchener Rück AG making?

Current yearPrevious yearGrowGrow %
Making money$3.7b$3.1b$539.7m14.5%
Net Profit Margin5.0%4.2%--

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

3. Financial Health of Münchener Rück AG (5 min.)




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

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

What can you expect buying and holding a share of Münchener Rück AG?

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

Speculation

The Price per Share of Münchener Rück AG is €436.50. 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 Münchener Rück AG.
  • 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 Münchener Rück AG, 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 €154.04. Based on the TTM, the Book Value Change Per Share is €-66.84 per quarter. Based on the YOY, the Book Value Change Per Share is €6.79 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 €11.20 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Münchener Rück AG.

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 Eps26.976.2%26.976.2%22.655.2%19.434.5%19.524.5%
Usd Book Value Change Per Share-72.30-16.6%-72.30-16.6%7.341.7%-7.01-1.6%16.663.8%
Usd Dividend Per Share12.112.8%12.112.8%10.602.4%10.642.4%10.302.4%
Usd Total Gains Per Share-60.19-13.8%-60.19-13.8%17.944.1%3.630.8%26.976.2%
Usd Price Per Share330.13-330.13-281.24-272.93-231.09-
Price to Earnings Ratio12.24-12.24-12.42-15.67-18.31-
Price-to-Total Gains Ratio-5.48--5.48-15.67-15.42-10.13-
Price to Book Ratio1.98-1.98-1.18-1.31-1.07-
Price-to-Total Gains Ratio-5.48--5.48-15.67-15.42-10.13-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share472.16205
Number of shares2
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share12.1110.64
Usd Book Value Change Per Share-72.30-7.01
Usd Total Gains Per Share-60.193.63
Gains per Quarter (2 shares)-120.397.26
Gains per Year (2 shares)-481.5629.03
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
197-578-49285-5619
2194-1157-974170-11248
3291-1735-1456255-16877
4388-2314-1938340-224106
5484-2892-2420425-280135
6581-3471-2902510-336164
7678-4049-3384596-392193
8775-4628-3866681-448222
9872-5206-4348766-504251
10969-5784-4830851-561280

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 Share0.01.00.00.0%1.02.00.033.3%2.03.00.040.0%6.04.00.060.0%6.04.00.060.0%
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 Share0.01.00.00.0%2.01.00.066.7%4.01.00.080.0%8.02.00.080.0%8.02.00.080.0%

Fundamentals of Münchener Rück AG

About Münchener Rück AG

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. The company operates through five segments: Life and Health Reinsurance; Property-Casualty Reinsurance; ERGO Life and Health Germany; ERGO Property-Casualty Germany; and ERGO International. It also offers life and health reinsurance solutions, such as financial market risks, data analytics, claims handling and underwriting, medical research, health market, capital management, as well as MIRA digital suite; and property and casualty reinsurance solutions, including agricultural risk, data analytics, infrastructure risk profiler, remote inspection, retroactive reinsurance, insurance linked securities, location risk, risk transfer, and cyber, as well as NatCatSERVICE for natural catastrophe loss database, REALYTIX ZERO, IMPROVEX, cert2go, consulting for product development, prospective structured reinsurance, and Vahana AI for motor claims. In addition, the company provides solutions for industry clients, such as IoT cover, earnings quality insurance protection, captive insurance and risk transfer, liability, weather risks, space and satellite insurance, bioenergy plant performance insurance, solar energy insurance, wind farm insurance, mining insurance, construction projects covers and services, aviation insurance, power and utilities, oil and gas companies insurance, industrial cyber insurance, risk suite, data and location risk intelligence, digital risks, PV warranty insurance, parametric, Insure AI, liquidation damage cover, and natural catastrophes solutions. Further, it offers life, property-casualty, health, legal protection, and travel insurance products under the ERGO brand name. The company was founded in 1880 and is based in Munich, Germany.

Fundamental data was last updated by Penke on 2024-03-19 18:51:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

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

1.1. Profitability of Münchener Rück AG.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Münchener Rück AG earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Münchener Rück AG to the Insurance industry mean.
  • A Net Profit Margin of 5.0% means that €0.05 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Münchener Rück AG:

  • The MRQ is 5.0%. The company is making a profit. +1
  • The TTM is 5.0%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ5.0%TTM5.0%0.0%
TTM5.0%YOY4.2%+0.8%
TTM5.0%5Y3.9%+1.1%
5Y3.9%10Y4.2%-0.3%
1.1.2. Return on Assets

Shows how efficient Münchener Rück AG is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Münchener Rück AG to the Insurance industry mean.
  • 1.1% Return on Assets means that Münchener Rück AG generated €0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Münchener Rück AG:

  • The MRQ is 1.1%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.1%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.1%TTM1.1%0.0%
TTM1.1%YOY0.9%+0.2%
TTM1.1%5Y0.9%+0.3%
5Y0.9%10Y0.9%0.0%
1.1.3. Return on Equity

Shows how efficient Münchener Rück AG is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Münchener Rück AG to the Insurance industry mean.
  • 16.3% Return on Equity means Münchener Rück AG generated €0.16 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Münchener Rück AG:

  • The MRQ is 16.3%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 16.3%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ16.3%TTM16.3%0.0%
TTM16.3%YOY9.5%+6.8%
TTM16.3%5Y9.5%+6.8%
5Y9.5%10Y9.0%+0.5%

1.2. Operating Efficiency of Münchener Rück AG.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Münchener Rück AG is operating .

  • Measures how much profit Münchener Rück AG 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 Münchener Rück AG to the Insurance industry mean.
  • An Operating Margin of 5.4% means the company generated €0.05  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Münchener Rück AG:

  • The MRQ is 5.4%. The company is operating less efficient.
  • The TTM is 5.4%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ5.4%TTM5.4%0.0%
TTM5.4%YOY5.3%+0.1%
TTM5.4%5Y5.3%+0.1%
5Y5.3%10Y6.0%-0.6%
1.2.2. Operating Ratio

Measures how efficient Münchener Rück AG is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Insurance industry mean).
  • An Operation Ratio of 0.94 means that the operating costs are €0.94 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Münchener Rück AG:

  • The MRQ is 0.941. The company is less efficient in keeping operating costs low.
  • The TTM is 0.941. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.941TTM0.9410.000
TTM0.941YOY0.950-0.009
TTM0.9415Y1.205-0.264
5Y1.20510Y1.409-0.204

1.3. Liquidity of Münchener Rück AG.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Münchener Rück AG is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Insurance industry mean).
  • A Current Ratio of 0.37 means the company has €0.37 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Münchener Rück AG:

  • The MRQ is 0.366. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.366. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.366TTM0.3660.000
TTM0.366YOY0.356+0.010
TTM0.3665Y0.340+0.026
5Y0.34010Y0.293+0.046
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Münchener Rück AG to the Insurance industry mean.
  • A Quick Ratio of 1.28 means the company can pay off €1.28 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Münchener Rück AG:

  • The MRQ is 1.279. The company is able to pay all its short-term debts with the most liquid assets. +1
  • The TTM is 1.279. The company is able to pay all its short-term debts with the most liquid assets. +1
Trends
Current periodCompared to+/- 
MRQ1.279TTM1.2790.000
TTM1.279YOY1.566-0.288
TTM1.2795Y1.581-0.302
5Y1.58110Y1.185+0.396

1.4. Solvency of Münchener Rück AG.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Münchener Rück AG assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Münchener Rück AG to Insurance industry mean.
  • A Debt to Asset Ratio of 0.93 means that Münchener Rück AG assets are financed with 92.9% credit (debt) and the remaining percentage (100% - 92.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Münchener Rück AG:

  • The MRQ is 0.929. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.929. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.929TTM0.9290.000
TTM0.929YOY0.901+0.028
TTM0.9295Y0.905+0.024
5Y0.90510Y0.897+0.008
1.4.2. Debt to Equity Ratio

Measures if Münchener Rück AG is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Münchener Rück AG to the Insurance industry mean.
  • A Debt to Equity ratio of 1,316.8% means that company has €13.17 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Münchener Rück AG:

  • The MRQ is 13.168. The company is unable to pay all its debts with equity. -1
  • The TTM is 13.168. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ13.168TTM13.1680.000
TTM13.168YOY9.130+4.039
TTM13.1685Y9.788+3.381
5Y9.78810Y8.954+0.834

2. Market Valuation of Münchener Rück AG

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 Münchener Rück AG generates.

  • Above 15 is considered overpriced but always compare Münchener Rück AG to the Insurance industry mean.
  • A PE ratio of 12.24 means the investor is paying €12.24 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Münchener Rück AG:

  • The EOD is 17.506. Based on the earnings, the company is fair priced.
  • The MRQ is 12.240. Based on the earnings, the company is underpriced. +1
  • The TTM is 12.240. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD17.506MRQ12.240+5.266
MRQ12.240TTM12.2400.000
TTM12.240YOY12.419-0.179
TTM12.2405Y15.668-3.428
5Y15.66810Y18.308-2.640
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Münchener Rück AG:

  • The EOD is -7.860. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -5.496. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -5.496. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-7.860MRQ-5.496-2.364
MRQ-5.496TTM-5.4960.000
TTM-5.496YOY6.970-12.466
TTM-5.4965Y3.827-9.323
5Y3.82710Y3.406+0.422
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Insurance industry mean).
  • A PB ratio of 1.98 means the investor is paying €1.98 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Münchener Rück AG:

  • The EOD is 2.834. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.981. Based on the equity, the company is underpriced. +1
  • The TTM is 1.981. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.834MRQ1.981+0.852
MRQ1.981TTM1.9810.000
TTM1.981YOY1.177+0.804
TTM1.9815Y1.308+0.673
5Y1.30810Y1.073+0.236
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Münchener Rück AG 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---66.844-66.8440%6.788-1085%-6.477-90%15.404-534%
Book Value Per Share--154.036154.0360%220.880-30%197.816-22%204.170-25%
Current Ratio--0.3660.3660%0.356+3%0.340+8%0.293+25%
Debt To Asset Ratio--0.9290.9290%0.901+3%0.905+3%0.897+4%
Debt To Equity Ratio--13.16813.1680%9.130+44%9.788+35%8.954+47%
Dividend Per Share--11.19611.1960%9.800+14%9.832+14%9.526+18%
Eps--24.93424.9340%20.935+19%17.961+39%18.050+38%
Free Cash Flow Per Share---55.535-55.5350%37.302-249%24.242-329%22.221-350%
Free Cash Flow To Equity Per Share---75.165-75.1650%25.304-397%12.069-723%7.941-1047%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---399.910--------
Intrinsic Value_10Y_min---1429.362--------
Intrinsic Value_1Y_max--10.400--------
Intrinsic Value_1Y_min---28.096--------
Intrinsic Value_3Y_max---7.220--------
Intrinsic Value_3Y_min---184.640--------
Intrinsic Value_5Y_max---71.215--------
Intrinsic Value_5Y_min---449.823--------
Market Cap60081172992.000+30%42008699451.60042008699451.6000%36425722060.000+15%35420582885.280+19%29997486710.320+40%
Net Profit Margin--0.0500.0500%0.042+19%0.039+28%0.042+20%
Operating Margin--0.0540.0540%0.053+3%0.053+2%0.060-9%
Operating Ratio--0.9410.9410%0.950-1%1.205-22%1.409-33%
Pb Ratio2.834+30%1.9811.9810%1.177+68%1.308+51%1.073+85%
Pe Ratio17.506+30%12.24012.2400%12.419-1%15.668-22%18.308-33%
Price Per Share436.500+30%305.200305.2000%260.000+17%252.320+21%213.640+43%
Price To Free Cash Flow Ratio-7.860-43%-5.496-5.4960%6.970-179%3.827-244%3.406-261%
Price To Total Gains Ratio-7.844-43%-5.484-5.4840%15.674-135%15.415-136%10.133-154%
Quick Ratio--1.2791.2790%1.566-18%1.581-19%1.185+8%
Return On Assets--0.0110.0110%0.009+22%0.009+34%0.009+28%
Return On Equity--0.1630.1630%0.095+71%0.095+71%0.090+80%
Total Gains Per Share---55.648-55.6480%16.588-435%3.355-1759%24.930-323%
Usd Book Value--22934203400.00022934203400.0000%33473206500.000-31%30118205780.000-24%31005956970.000-26%
Usd Book Value Change Per Share---72.305-72.3050%7.343-1085%-7.006-90%16.662-534%
Usd Book Value Per Share--166.621166.6210%238.925-30%213.978-22%220.851-25%
Usd Dividend Per Share--12.11012.1100%10.601+14%10.635+14%10.305+18%
Usd Eps--26.97126.9710%22.646+19%19.428+39%19.525+38%
Usd Free Cash Flow---8268514800.000-8268514800.0000%5652964200.000-246%3740951280.000-321%2068751250.000-500%
Usd Free Cash Flow Per Share---60.072-60.0720%40.350-249%26.223-329%24.037-350%
Usd Free Cash Flow To Equity Per Share---81.306-81.3060%27.371-397%13.055-723%8.590-1047%
Usd Market Cap64989804825.446+30%45440810196.79645440810196.7960%39401703552.302+15%38314444507.007+19%32448281374.553+40%
Usd Price Per Share472.162+30%330.135330.1350%281.242+17%272.935+21%231.094+43%
Usd Profit--3712394400.0003712394400.0000%3172626100.000+17%2728047400.000+36%2718095760.000+37%
Usd Revenue--74044528400.00074044528400.0000%75456146900.000-2%69205002600.000+7%65770064250.000+13%
Usd Total Gains Per Share---60.195-60.1950%17.944-435%3.629-1759%26.967-323%
 EOD+4 -4MRQTTM+0 -0YOY+16 -195Y+17 -1810Y+17 -18

3.2. Fundamental Score

Let's check the fundamental score of Münchener Rück AG based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1517.506
Price to Book Ratio (EOD)Between0-12.834
Net Profit Margin (MRQ)Greater than00.050
Operating Margin (MRQ)Greater than00.054
Quick Ratio (MRQ)Greater than11.279
Current Ratio (MRQ)Greater than10.366
Debt to Asset Ratio (MRQ)Less than10.929
Debt to Equity Ratio (MRQ)Less than113.168
Return on Equity (MRQ)Greater than0.150.163
Return on Assets (MRQ)Greater than0.050.011
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Münchener Rück AG based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5078.713
Ma 20Greater thanMa 50419.055
Ma 50Greater thanMa 100400.716
Ma 100Greater thanMa 200390.738
OpenGreater thanClose435.100
Total4/5 (80.0%)



Reversals in quarterly reports

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

 2018-12-312019-12-312020-12-312021-12-312022-12-31
Other Stockholders Equity  3,440,0004,070,0007,510,000173,0007,683,000-1,041,0006,642,000-11,847,000-5,205,000



Latest Balance Sheet

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

Summary
Total Assets298,570,000
Total Liabilities277,368,000
Total Stockholder Equity21,063,000
 As reported
Total Liabilities 277,368,000
Total Stockholder Equity+ 21,063,000
Total Assets = 298,570,000

Assets

Total Assets298,570,000
Total Current Assets45,337,000
Long-term Assets-
Total Current Assets
Cash And Cash Equivalents 9,318,000
Short-term Investments 140,388,000
Net Receivables 18,116,000
Total Current Assets  (as reported)45,337,000
Total Current Assets  (calculated)167,822,000
+/- 122,485,000
Long-term Assets
Property Plant Equipment 9,411,000
Goodwill 3,240,000
Long Term Investments 162,658,000
Intangible Assets 1,296,000
Long-term Assets  (as reported)0
Long-term Assets  (calculated)176,605,000
+/- 176,605,000

Liabilities & Shareholders' Equity

Total Current Liabilities123,953,000
Long-term Liabilities-
Total Stockholder Equity21,063,000
Total Current Liabilities
Accounts payable 102,169,000
Other Current Liabilities 20,869,000
Total Current Liabilities  (as reported)123,953,000
Total Current Liabilities  (calculated)123,038,000
+/- 915,000
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt356,000
Deferred Long Term Liability 248,000
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)604,000
+/- 604,000
Total Stockholder Equity
Common Stock577,000
Retained Earnings 18,846,000
Total Stockholder Equity (as reported)21,063,000
Total Stockholder Equity (calculated)19,423,000
+/- 1,640,000
Other
Capital Stock7,422,000
Common Stock Shares Outstanding 137,643
Net Invested Capital 27,158,000
Net Tangible Assets 16,780,000
Property Plant and Equipment Gross 13,204,000



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 
254,312,000
272,984,000
268,868,000
267,805,000
265,722,000
270,168,000
287,553,000
297,946,000
312,405,000
298,570,000
298,570,000312,405,000297,946,000287,553,000270,168,000265,722,000267,805,000268,868,000272,984,000254,312,000
   > Total Current Assets 
17,339,000
17,915,000
25,872,000
18,037,000
19,217,000
26,214,000
30,051,000
37,904,000
40,923,000
45,337,000
45,337,00040,923,00037,904,00030,051,00026,214,00019,217,00018,037,00025,872,00017,915,00017,339,000
       Cash And Cash Equivalents 
2,794,000
2,897,000
3,932,000
3,353,000
3,625,000
4,986,000
8,614,000
9,056,000
8,776,000
9,318,000
9,318,0008,776,0009,056,0008,614,0004,986,0003,625,0003,353,0003,932,0002,897,0002,794,000
       Short-term Investments 
144,000
347,000
202,000
147,843,000
143,845,000
139,272,000
151,558,000
155,389,000
162,468,000
140,388,000
140,388,000162,468,000155,389,000151,558,000139,272,000143,845,000147,843,000202,000347,000144,000
       Net Receivables 
5,033,000
5,114,000
4,084,000
5,771,000
13,469,000
10,379,000
12,869,000
16,054,000
17,587,000
18,116,000
18,116,00017,587,00016,054,00012,869,00010,379,00013,469,0005,771,0004,084,0005,114,0005,033,000
       Other Current Assets 
7,232,000
7,593,000
15,461,000
6,513,000
546,000
8,525,000
9,807,000
10,384,000
12,760,000
15,836,000
15,836,00012,760,00010,384,0009,807,0008,525,000546,0006,513,00015,461,0007,593,0007,232,000
   > Long-term Assets 0000000000
       Property Plant Equipment 
2,668,000
2,698,000
2,699,000
2,658,000
2,527,000
2,400,000
8,350,000
8,798,000
9,172,000
9,411,000
9,411,0009,172,0008,798,0008,350,0002,400,0002,527,0002,658,0002,699,0002,698,0002,668,000
       Goodwill 
3,292,000
3,063,000
2,790,000
2,817,000
2,584,000
2,904,000
2,941,000
2,782,000
3,092,000
3,240,000
3,240,0003,092,0002,782,0002,941,0002,904,0002,584,0002,817,0002,790,0003,063,0003,292,000
       Long Term Investments 
130,746,000
149,114,000
147,116,000
165,666,000
161,740,000
157,359,000
167,717,000
174,080,000
182,776,000
162,658,000
162,658,000182,776,000174,080,000167,717,000157,359,000161,740,000165,666,000147,116,000149,114,000130,746,000
       Intangible Assets 
10,922,000
10,696,000
10,519,000
1,303,000
1,106,000
1,161,000
1,240,000
1,223,000
1,286,000
1,296,000
1,296,0001,286,0001,223,0001,240,0001,161,0001,106,0001,303,00010,519,00010,696,00010,922,000
> Total Liabilities 
228,124,000
242,695,000
237,903,000
236,021,000
237,524,000
243,668,000
256,977,000
267,952,000
281,460,000
277,368,000
277,368,000281,460,000267,952,000256,977,000243,668,000237,524,000236,021,000237,903,000242,695,000228,124,000
   > Total Current Liabilities 
70,303,000
75,988,000
85,145,000
82,235,000
83,647,000
90,275,000
95,902,000
101,649,000
114,951,000
123,953,000
123,953,000114,951,000101,649,00095,902,00090,275,00083,647,00082,235,00085,145,00075,988,00070,303,000
       Short-term Debt 
5,134,000
5,138,000
5,176,000
4,938,000
3,669,000
0
0
0
0
0
000003,669,0004,938,0005,176,0005,138,0005,134,000
       Short Long Term Debt 
5,134,000
5,138,000
5,176,000
4,938,000
3,669,000
0
0
0
0
0
000003,669,0004,938,0005,176,0005,138,0005,134,000
       Accounts payable 
57,844,000
62,324,000
65,424,000
68,278,000
70,277,000
74,900,000
80,334,000
84,303,000
94,874,000
102,169,000
102,169,00094,874,00084,303,00080,334,00074,900,00070,277,00068,278,00065,424,00062,324,00057,844,000
       Other Current Liabilities 
11,744,000
13,005,000
18,978,000
13,224,000
12,745,000
14,121,000
14,336,000
16,237,000
19,070,000
20,869,000
20,869,00019,070,00016,237,00014,336,00014,121,00012,745,00013,224,00018,978,00013,005,00011,744,000
   > Long-term Liabilities 0000000000
       Capital Lease Obligations 
0
0
0
0
0
0
374,000
402,000
433,000
356,000
356,000433,000402,000374,000000000
       Deferred Long Term Liability 
134,000
162,000
169,000
177,000
170,000
177,000
158,000
181,000
219,000
248,000
248,000219,000181,000158,000177,000170,000177,000169,000162,000134,000
> Total Stockholder Equity
25,945,000
30,018,000
30,667,000
31,515,000
28,012,000
26,369,000
30,459,000
29,894,000
30,829,000
21,063,000
21,063,00030,829,00029,894,00030,459,00026,369,00028,012,00031,515,00030,667,00030,018,00025,945,000
   Common Stock
581,000
572,000
573,000
573,000
573,000
573,000
576,000
587,000
587,000
577,000
577,000587,000587,000576,000573,000573,000573,000573,000572,000581,000
   Retained Earnings 
16,440,000
16,821,000
17,900,000
18,124,000
16,079,000
16,192,000
16,169,000
14,779,000
16,755,000
18,846,000
18,846,00016,755,00014,779,00016,169,00016,192,00016,079,00018,124,00017,900,00016,821,00016,440,000
   Capital Surplus 0000000000
   Treasury Stock0000000000
   Other Stockholders Equity 
2,374,000
6,458,000
6,032,000
6,628,000
5,183,000
3,440,000
7,510,000
7,683,000
6,642,000
-5,205,000
-5,205,0006,642,0007,683,0007,510,0003,440,0005,183,0006,628,0006,032,0006,458,0002,374,000



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.




Income Statement

Currency in EUR. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue70,457,000
Cost of Revenue--
Gross Profit-70,457,000
 
Operating Income (+$)
Gross Profit-
Operating Expense-66,778,000
Operating Income--66,778,000
 
Operating Expense (+$)
Research Development-
Selling General Administrative3,892,000
Selling And Marketing Expenses-
Operating Expense66,778,0003,892,000
 
Net Interest Income (+$)
Interest Income-
Interest Expense-275,000
Other Finance Cost-0
Net Interest Income-275,000
 
Pretax Income (+$)
Operating Income-
Net Interest Income-275,000
Other Non-Operating Income Expenses-
Income Before Tax (EBT)3,679,000-62,000
EBIT - interestExpense = -275,000
2,863,000
3,138,000
Interest Expense275,000
Earnings Before Interest and Taxes (EBIT)-3,954,000
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax3,679,000
Tax Provision-825,000
Net Income From Continuing Ops2,854,0002,854,000
Net Income2,863,000
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 Net62,000275,000
 

Technical Analysis of Münchener Rück AG
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 Münchener Rück AG. The general trend of Münchener Rück AG 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 Münchener Rück AG'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 Münchener Rück AG.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: .

The bearish price targets are: 407.80 > 400.10 > 399.70.

Tweet this
Münchener Rück AG 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 Münchener Rück AG. 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

Münchener Rück AG 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 Münchener Rück AG. The current macd is 9.39746188.

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 Münchener Rück AG price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Münchener Rück AG. 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 Münchener Rück AG 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
Münchener Rück AG Daily Moving Average Convergence/Divergence (MACD) ChartMünchener Rück AG 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 Münchener Rück AG. The current adx is 45.61.

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 Münchener Rück AG 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.
Münchener Rück AG 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 Münchener Rück AG. The current sar is 426.88.

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
Münchener Rück AG 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 Münchener Rück AG. The current rsi is 78.71. 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
Münchener Rück AG Daily Relative Strength Index (RSI) ChartMünchener Rück AG 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 Münchener Rück AG. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-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 above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Münchener Rück AG price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Münchener Rück AG Daily Stochastic Oscillator ChartMünchener Rück AG 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 Münchener Rück AG. The current cci is 133.78.

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
Münchener Rück AG Daily Commodity Channel Index (CCI) ChartMünchener Rück AG 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 Münchener Rück AG. The current cmo is 61.11.

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
Münchener Rück AG Daily Chande Momentum Oscillator (CMO) ChartMünchener Rück AG 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 Münchener Rück AG. The current willr is -1.37457045.

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
Münchener Rück AG Daily Williams %R ChartMünchener Rück AG 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 Münchener Rück AG.

Münchener Rück AG 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 Münchener Rück AG. The current atr is 3.5074793.

Münchener Rück AG Daily Average True Range (ATR) ChartMünchener Rück AG 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 Münchener Rück AG. The current obv is 5,641.

Münchener Rück AG Daily On-Balance Volume (OBV) ChartMünchener Rück AG 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 Münchener Rück AG. The current mfi is 60.96.

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
Münchener Rück AG Daily Money Flow Index (MFI) ChartMünchener Rück AG Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Münchener Rück AG.

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

6.3. Candlestick Patterns

Münchener Rück AG Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Münchener Rück AG based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5078.713
Ma 20Greater thanMa 50419.055
Ma 50Greater thanMa 100400.716
Ma 100Greater thanMa 200390.738
OpenGreater thanClose435.100
Total4/5 (80.0%)
Penke

Good job! You gained 25 XP and 0   0   10 . What's next:

  • Share my analysis of Münchener Rück AG with someone you think should read this too:
  • Are you bullish or bearish on Münchener Rück AG? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about Münchener Rück AG? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about Münchener Rück AG

I send you an email if I find something interesting about Münchener Rück AG.


Comments

How you think about this?

Leave a comment

Stay informed about Münchener Rück AG.

Receive notifications about Münchener Rück AG in your mailbox!