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Nel ASA
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Let's analyse Nel ASA together

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

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

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

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Quick analysis of Nel ASA (30 sec.)










What can you expect buying and holding a share of Nel ASA? (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
kr3.71
Expected worth in 1 year
kr4.16
How sure are you?
45.0%

+ What do you gain per year?

Total Gains per Share
kr0.45
Return On Investment
9.3%

For what price can you sell your share?

Current Price per Share
kr4.83
Expected price per share
kr4.23 - kr5.75
How sure are you?
50%

1. Valuation of Nel ASA (5 min.)




Live pricePrice per Share (EOD)

kr4.83

Intrinsic Value Per Share

kr-12.74 - kr-6.94

Total Value Per Share

kr-9.03 - kr-3.23

2. Growth of Nel ASA (5 min.)




Is Nel ASA growing?

Current yearPrevious yearGrowGrow %
How rich?$573.9m$570.6m$29.6m4.9%

How much money is Nel ASA making?

Current yearPrevious yearGrowGrow %
Making money-$19.7m-$27.1m$7.3m36.9%
Net Profit Margin-52.4%-114.9%--

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

3. Financial Health of Nel ASA (5 min.)




4. Comparing to competitors in the Specialty Industrial Machinery industry (5 min.)




  Industry Rankings (Specialty Industrial Machinery)  


Richest
#194 / 738

Most Revenue
#477 / 738

Most Profit
#714 / 738

Most Efficient
#696 / 738

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

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

What can you expect buying and holding a share of Nel ASA?

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

Speculation

The Price per Share of Nel ASA is kr4.828. 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 Nel ASA.
  • 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 Nel ASA, 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 kr3.71. Based on the TTM, the Book Value Change Per Share is kr0.11 per quarter. Based on the YOY, the Book Value Change Per Share is kr0.06 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 Nel ASA.

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-0.01-0.1%-0.01-0.2%-0.02-0.3%-0.01-0.2%0.00-0.1%
Usd Book Value Change Per Share-0.01-0.2%0.010.2%0.010.1%0.010.3%0.010.2%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-0.01-0.2%0.010.2%0.010.1%0.010.3%0.010.2%
Usd Price Per Share0.64-0.97-1.22-1.27-0.75-
Price to Earnings Ratio-30.49--23.05-7.22--84.72--162.91-
Price-to-Total Gains Ratio-82.39--50.21--54.93--20.53--200.56-
Price to Book Ratio1.86-2.69-3.60-5.07-18.88-
Price-to-Total Gains Ratio-82.39--50.21--54.93--20.53--200.56-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.4470728
Number of shares2236
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.010.01
Usd Total Gains Per Share0.010.01
Gains per Quarter (2236 shares)23.1828.62
Gains per Year (2236 shares)92.70114.47
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1093830114104
201851760229218
302782690343332
403713620458446
504644550572560
605565480687674
706496410801788
807427340916902
90834827010301016
100927920011451130

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%4.036.00.010.0%4.055.018.05.2%
Book Value Change Per Share1.03.00.025.0%3.09.00.025.0%8.012.00.040.0%18.022.00.045.0%26.051.00.033.8%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%0.00.040.00.0%0.00.077.00.0%
Total Gains per Share1.03.00.025.0%3.09.00.025.0%8.012.00.040.0%18.022.00.045.0%26.051.00.033.8%

Fundamentals of Nel ASA

About Nel ASA

Nel ASA, a hydrogen company, provides various solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. The company operates in two segments, Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment manufactures hydrogen fueling stations for fuel cell electric vehicles, such as cars, buses, trucks, and other on-road vehicles. The Nel Hydrogen Electrolyser segment supplies hydrogen production equipment based on alkaline and proton exchange membrane water electrolysis technology. It serves industries, energy, and gas companies. The company was formerly known as DiaGenic ASA and changed its name to Nel ASA in October 2014. Nel ASA was founded in 1927 and is headquartered in Oslo, Norway.

Fundamental data was last updated by Penke on 2024-03-20 07:35:11.

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 very 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 very able to pay all its debts by selling its assets.
The company is very 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 Nel ASA.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Nel ASA to the Specialty Industrial Machinery industry mean.
  • A Net Profit Margin of -18.9% means that kr-0.19 for each kr1 in revenue is generated as profit.

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

  • The MRQ is -18.9%. The company is making a huge loss. -2
  • The TTM is -52.4%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-18.9%TTM-52.4%+33.5%
TTM-52.4%YOY-114.9%+62.5%
TTM-52.4%5Y-64.9%+12.5%
5Y-64.9%10Y-49.3%-15.6%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ-18.9%5.5%-24.4%
TTM-52.4%5.2%-57.6%
YOY-114.9%5.1%-120.0%
5Y-64.9%4.5%-69.4%
10Y-49.3%4.7%-54.0%
1.1.2. Return on Assets

Shows how efficient Nel ASA is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Nel ASA to the Specialty Industrial Machinery industry mean.
  • -1.2% Return on Assets means that Nel ASA generated kr-0.01 profit for each $1 in assets.

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

  • The MRQ is -1.2%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -2.6%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-1.2%TTM-2.6%+1.4%
TTM-2.6%YOY-4.1%+1.5%
TTM-2.6%5Y-2.3%-0.4%
5Y-2.3%10Y-3.2%+1.0%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.2%1.1%-2.3%
TTM-2.6%1.0%-3.6%
YOY-4.1%1.1%-5.2%
5Y-2.3%1.0%-3.3%
10Y-3.2%1.1%-4.3%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Nel ASA to the Specialty Industrial Machinery industry mean.
  • -1.5% Return on Equity means Nel ASA generated kr-0.02 for each kr1 the owners (shareholders) invested.

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

  • The MRQ is -1.5%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -3.3%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-1.5%TTM-3.3%+1.8%
TTM-3.3%YOY-5.1%+1.8%
TTM-3.3%5Y-2.8%-0.5%
5Y-2.8%10Y-4.8%+2.0%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.5%2.3%-3.8%
TTM-3.3%2.1%-5.4%
YOY-5.1%2.2%-7.3%
5Y-2.8%2.0%-4.8%
10Y-4.8%2.2%-7.0%

1.2. Operating Efficiency of Nel ASA.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Nel ASA is operating .

  • Measures how much profit Nel ASA 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 Nel ASA to the Specialty Industrial Machinery industry mean.
  • An Operating Margin of 0.0% means the company generated kr0.00  for each kr1 in revenue (before taxes).

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

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-30.8%+30.8%
TTM-30.8%YOY-78.3%+47.4%
TTM-30.8%5Y-58.7%+27.9%
5Y-58.7%10Y-49.8%-8.9%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.9%-7.9%
TTM-30.8%4.7%-35.5%
YOY-78.3%6.2%-84.5%
5Y-58.7%6.2%-64.9%
10Y-49.8%5.0%-54.8%
1.2.2. Operating Ratio

Measures how efficient Nel ASA is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
  • An Operation Ratio of 1.98 means that the operating costs are kr1.98 for each kr1 in net sales.

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

  • The MRQ is 1.984. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.588. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.984TTM1.588+0.396
TTM1.588YOY2.136-0.548
TTM1.5885Y1.726-0.138
5Y1.72610Y1.486+0.240
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9841.536+0.448
TTM1.5881.554+0.034
YOY2.1361.550+0.586
5Y1.7261.525+0.201
10Y1.4861.248+0.238

1.3. Liquidity of Nel ASA.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
  • A Current Ratio of 4.05 means the company has kr4.05 in assets for each kr1 in short-term debts.

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

  • The MRQ is 4.048. The company is very able to pay all its short-term debts. +2
  • The TTM is 4.466. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ4.048TTM4.466-0.418
TTM4.466YOY6.070-1.604
TTM4.4665Y6.250-1.784
5Y6.25010Y7.134-0.884
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ4.0481.679+2.369
TTM4.4661.688+2.778
YOY6.0701.649+4.421
5Y6.2501.740+4.510
10Y7.1341.534+5.600
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Nel ASA to the Specialty Industrial Machinery industry mean.
  • A Quick Ratio of 0.63 means the company can pay off kr0.63 for each kr1 in debt (using most liquid assets).

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

  • The MRQ is 0.630. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 2.984. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ0.630TTM2.984-2.354
TTM2.984YOY4.808-1.824
TTM2.9845Y5.077-2.093
5Y5.07710Y6.317-1.241
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6300.724-0.094
TTM2.9840.749+2.235
YOY4.8080.814+3.994
5Y5.0770.858+4.219
10Y6.3170.860+5.457

1.4. Solvency of Nel ASA.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Nel ASA assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Nel ASA to Specialty Industrial Machinery industry mean.
  • A Debt to Asset Ratio of 0.21 means that Nel ASA assets are financed with 21.1% credit (debt) and the remaining percentage (100% - 21.1%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.211. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.203. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.211TTM0.203+0.008
TTM0.203YOY0.162+0.041
TTM0.2035Y0.167+0.035
5Y0.16710Y0.161+0.006
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2110.499-0.288
TTM0.2030.503-0.300
YOY0.1620.504-0.342
5Y0.1670.497-0.330
10Y0.1610.491-0.330
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Nel ASA to the Specialty Industrial Machinery industry mean.
  • A Debt to Equity ratio of 26.8% means that company has kr0.27 debt for each kr1 in shareholders equity.

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

  • The MRQ is 0.268. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.255. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.268TTM0.255+0.013
TTM0.255YOY0.196+0.059
TTM0.2555Y0.204+0.051
5Y0.20410Y0.202+0.002
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2680.997-0.729
TTM0.2551.016-0.761
YOY0.1961.016-0.820
5Y0.2041.052-0.848
10Y0.2021.033-0.831

2. Market Valuation of Nel ASA

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 Nel ASA generates.

  • Above 15 is considered overpriced but always compare Nel ASA to the Specialty Industrial Machinery industry mean.
  • A PE ratio of -30.49 means the investor is paying kr-30.49 for every kr1 in earnings.

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

  • The EOD is -21.367. Based on the earnings, the company is expensive. -2
  • The MRQ is -30.493. Based on the earnings, the company is expensive. -2
  • The TTM is -23.051. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-21.367MRQ-30.493+9.126
MRQ-30.493TTM-23.051-7.442
TTM-23.051YOY7.217-30.269
TTM-23.0515Y-84.715+61.664
5Y-84.71510Y-162.909+78.194
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD-21.36719.375-40.742
MRQ-30.49318.592-49.085
TTM-23.05119.380-42.431
YOY7.21718.029-10.812
5Y-84.71521.975-106.690
10Y-162.90928.443-191.352
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is -4.344. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -6.199. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -17.703. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-4.344MRQ-6.199+1.855
MRQ-6.199TTM-17.703+11.504
TTM-17.703YOY-23.273+5.570
TTM-17.7035Y-38.607+20.904
5Y-38.60710Y-59.239+20.633
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD-4.3445.634-9.978
MRQ-6.1995.073-11.272
TTM-17.7032.621-20.324
YOY-23.273-0.130-23.143
5Y-38.6070.550-39.157
10Y-59.2391.971-61.210
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
  • A PB ratio of 1.86 means the investor is paying kr1.86 for each kr1 in book value.

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

  • The EOD is 1.302. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.858. Based on the equity, the company is underpriced. +1
  • The TTM is 2.687. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.302MRQ1.858-0.556
MRQ1.858TTM2.687-0.829
TTM2.687YOY3.604-0.918
TTM2.6875Y5.065-2.379
5Y5.06510Y18.877-13.811
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD1.3022.090-0.788
MRQ1.8582.124-0.266
TTM2.6872.181+0.506
YOY3.6042.351+1.253
5Y5.0652.377+2.688
10Y18.8772.932+15.945
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Nel ASA compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.0840.112-175%0.061-236%0.138-161%0.093-190%
Book Value Per Share--3.7093.880-4%3.688+1%2.924+27%1.700+118%
Current Ratio--4.0484.466-9%6.070-33%6.250-35%7.134-43%
Debt To Asset Ratio--0.2110.203+4%0.162+30%0.167+26%0.161+31%
Debt To Equity Ratio--0.2680.255+5%0.196+37%0.204+31%0.202+32%
Dividend Per Share----0%-0%-0%-0%
Eps---0.056-0.128+127%-0.175+210%-0.081+43%-0.045-20%
Free Cash Flow Per Share---0.278-0.211-24%-0.145-48%-0.119-57%-0.067-76%
Free Cash Flow To Equity Per Share---0.2780.022-1384%0.079-453%0.093-398%0.057-584%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---6.936--------
Intrinsic Value_10Y_min---12.735--------
Intrinsic Value_1Y_max---0.331--------
Intrinsic Value_1Y_min---0.752--------
Intrinsic Value_3Y_max---1.272--------
Intrinsic Value_3Y_min---2.728--------
Intrinsic Value_5Y_max---2.548--------
Intrinsic Value_5Y_min---5.200--------
Market Cap8067153248.256-43%11512651133.10017573870475.435-34%22085252290.560-48%22834252687.599-50%13476706659.734-15%
Net Profit Margin---0.189-0.524+178%-1.149+509%-0.649+244%-0.493+162%
Operating Margin----0.3080%-0.7830%-0.5870%-0.4980%
Operating Ratio--1.9841.588+25%2.136-7%1.726+15%1.486+34%
Pb Ratio1.302-43%1.8582.687-31%3.604-48%5.065-63%18.877-90%
Pe Ratio-21.367+30%-30.493-23.051-24%7.217-522%-84.715+178%-162.909+434%
Price Per Share4.828-43%6.89010.517-34%13.218-48%13.666-50%8.065-15%
Price To Free Cash Flow Ratio-4.344+30%-6.199-17.703+186%-23.273+275%-38.607+523%-59.239+856%
Price To Total Gains Ratio-57.731+30%-82.387-50.210-39%-54.934-33%-20.531-75%-200.561+143%
Quick Ratio--0.6302.984-79%4.808-87%5.077-88%6.317-90%
Return On Assets---0.012-0.026+118%-0.041+242%-0.023+88%-0.032+169%
Return On Equity---0.015-0.033+116%-0.051+235%-0.028+85%-0.048+216%
Total Gains Per Share---0.0840.112-175%0.061-236%0.138-161%0.093-190%
Usd Book Value--573910353.600600353649.450-4%570665973.700+1%452479102.840+27%262994067.254+118%
Usd Book Value Change Per Share---0.0080.010-175%0.006-236%0.013-161%0.009-190%
Usd Book Value Per Share--0.3430.359-4%0.342+1%0.271+27%0.157+118%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.005-0.012+127%-0.016+210%-0.007+43%-0.004-20%
Usd Free Cash Flow---42993254.000-32629901.850-24%-22439549.650-48%-18442660.480-57%-10406556.138-76%
Usd Free Cash Flow Per Share---0.026-0.020-24%-0.013-48%-0.011-57%-0.006-76%
Usd Free Cash Flow To Equity Per Share---0.0260.002-1384%0.007-453%0.009-398%0.005-584%
Usd Market Cap747018390.789-43%1066071494.9251627340406.025-34%2045094362.106-48%2114451798.872-50%1247943036.691-15%
Usd Price Per Share0.447-43%0.6380.974-34%1.224-48%1.265-50%0.747-15%
Usd Profit---8740328.800-19797787.400+127%-27112562.350+210%-12505842.980+43%-7003132.440-20%
Usd Revenue--46362968.00038916770.500+19%21178846.950+119%20586841.260+125%12466289.552+272%
Usd Total Gains Per Share---0.0080.010-175%0.006-236%0.013-161%0.009-190%
 EOD+3 -5MRQTTM+10 -22YOY+14 -185Y+12 -2010Y+10 -22

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-21.367
Price to Book Ratio (EOD)Between0-11.302
Net Profit Margin (MRQ)Greater than0-0.189
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.630
Current Ratio (MRQ)Greater than14.048
Debt to Asset Ratio (MRQ)Less than10.211
Debt to Equity Ratio (MRQ)Less than10.268
Return on Equity (MRQ)Greater than0.15-0.015
Return on Assets (MRQ)Greater than0.05-0.012
Total3/10 (30.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5049.930
Ma 20Greater thanMa 504.758
Ma 50Greater thanMa 1004.902
Ma 100Greater thanMa 2006.117
OpenGreater thanClose4.860
Total1/5 (20.0%)



Reversals in quarterly reports

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

 2022-12-312023-03-312023-06-302023-09-302023-12-31
Interest Expense  3,16649,32952,495-48,4954,000107,682111,682-451,229-339,547



Latest Balance Sheet

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

Summary
Total Assets7,857,020
Total Liabilities1,659,284
Total Stockholder Equity6,197,736
 As reported
Total Liabilities 1,659,284
Total Stockholder Equity+ 6,197,736
Total Assets = 7,857,020

Assets

Total Assets7,857,020
Total Current Assets5,376,937
Long-term Assets2,480,083
Total Current Assets
Cash And Cash Equivalents 3,347,803
Short-term Investments 24,013
Net Receivables 812,407
Inventory 703,990
Other Current Assets 145,455
Total Current Assets  (as reported)5,376,937
Total Current Assets  (calculated)5,033,668
+/- 343,269
Long-term Assets
Property Plant Equipment 1,305,677
Goodwill 375,305
Intangible Assets 639,743
Long-term Assets  (as reported)2,480,083
Long-term Assets  (calculated)2,320,725
+/- 159,358

Liabilities & Shareholders' Equity

Total Current Liabilities1,328,151
Long-term Liabilities331,133
Total Stockholder Equity6,197,736
Total Current Liabilities
Accounts payable 204,863
Other Current Liabilities 127,985
Total Current Liabilities  (as reported)1,328,151
Total Current Liabilities  (calculated)332,848
+/- 995,303
Long-term Liabilities
Long term Debt 22,458
Capital Lease Obligations Min Short Term Debt237,203
Long-term Liabilities Other 4,860
Long-term Liabilities  (as reported)331,133
Long-term Liabilities  (calculated)264,521
+/- 66,612
Total Stockholder Equity
Total Stockholder Equity (as reported)6,197,736
Total Stockholder Equity (calculated)0
+/- 6,197,736
Other
Capital Stock334,265
Common Stock Shares Outstanding 1,670,922
Net Invested Capital 6,220,194
Net Working Capital 4,048,786
Property Plant and Equipment Gross 1,634,529



Balance Sheet

Currency in NOK. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-03-312003-12-312002-12-31
> Total Assets 
10,705
8,582
0
16,348
12,158
26,648
22,801
17,958
43,282
38,341
35,076
33,902
24,365
41,201
36,034
30,144
20,608
55,192
47,912
38,900
25,338
18,080
17,918
46,484
42,146
30,249
19,775
111,700
96,835
86,171
76,605
68,603
60,353
49,329
37,096
26,546
15,965
34,525
23,305
15,224
7,670
53,636
52,557
239,179
310,422
614,432
714,074
815,649
781,069
773,319
761,224
762,875
933,654
1,574,074
1,480,278
1,725,656
1,650,146
1,920,648
1,908,889
1,944,401
2,365,212
2,419,917
2,493,895
2,430,673
3,429,646
5,453,333
4,859,503
6,136,696
6,778,540
6,557,780
6,046,945
6,006,984
7,564,860
7,497,750
7,375,003
6,950,512
8,491,791
8,223,748
7,952,961
7,857,020
7,857,0207,952,9618,223,7488,491,7916,950,5127,375,0037,497,7507,564,8606,006,9846,046,9456,557,7806,778,5406,136,6964,859,5035,453,3333,429,6462,430,6732,493,8952,419,9172,365,2121,944,4011,908,8891,920,6481,650,1461,725,6561,480,2781,574,074933,654762,875761,224773,319781,069815,649714,074614,432310,422239,17952,55753,6367,67015,22423,30534,52515,96526,54637,09649,32960,35368,60376,60586,17196,835111,70019,77530,24942,14646,48417,91818,08025,33838,90047,91255,19220,60830,14436,03441,20124,36533,90235,07638,34143,28217,95822,80126,64812,15816,34808,58210,705
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
42,777
38,566
26,888
16,643
107,291
92,664
82,164
72,789
65,010
56,908
46,110
34,080
24,277
13,919
32,702
23,140
14,889
7,670
53,636
52,557
124,901
199,599
197,250
285,264
380,650
352,420
340,258
312,601
300,019
463,370
416,737
364,989
584,282
530,395
777,144
732,295
636,655
1,037,700
1,084,164
1,096,338
990,340
1,729,416
3,862,497
3,294,442
4,593,753
5,171,534
4,841,400
4,283,373
4,144,139
5,618,553
5,420,665
5,144,146
4,977,610
6,348,741
5,990,779
5,627,504
5,376,937
5,376,9375,627,5045,990,7796,348,7414,977,6105,144,1465,420,6655,618,5534,144,1394,283,3734,841,4005,171,5344,593,7533,294,4423,862,4971,729,416990,3401,096,3381,084,1641,037,700636,655732,295777,144530,395584,282364,989416,737463,370300,019312,601340,258352,420380,650285,264197,250199,599124,90152,55753,6367,67014,88923,14032,70213,91924,27734,08046,11056,90865,01072,78982,16492,664107,29116,64326,88838,56642,77700000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
35,404
32,921
19,812
10,144
98,838
86,687
76,109
66,346
58,859
48,091
38,918
27,761
18,446
9,514
27,785
18,116
11,492
5,188
51,523
50,465
98,497
164,479
152,228
224,858
313,042
288,993
265,858
223,638
225,467
368,349
201,177
85,589
278,676
250,755
478,723
434,121
347,903
743,215
697,651
650,960
469,961
1,221,358
2,566,068
2,543,616
2,326,613
3,247,802
3,074,021
2,930,403
2,714,272
3,940,036
3,646,394
3,520,265
3,125,757
4,621,213
4,122,293
3,799,056
3,347,803
3,347,8033,799,0564,122,2934,621,2133,125,7573,520,2653,646,3943,940,0362,714,2722,930,4033,074,0213,247,8022,326,6132,543,6162,566,0681,221,358469,961650,960697,651743,215347,903434,121478,723250,755278,67685,589201,177368,349225,467223,638265,858288,993313,042224,858152,228164,47998,49750,46551,5235,18811,49218,11627,7859,51418,44627,76138,91848,09158,85966,34676,10986,68798,83810,14419,81232,92135,40400000000000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,068
2,068
1,507
1,507
1,507
1,507
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,734,231
0
0
0
608,100
0
0
0
547,157
0
0
93,591
24,013
24,01393,59100547,157000608,1000001,734,23100000000000000001,5071,5071,5071,5072,0682,068000000000000000000000000000000000000000000000
       Net Receivables 
276
2,001
0
2,333
1,996
1,418
2,119
2,315
3,328
1,154
4,533
2,442
1,866
5,423
4,493
5,104
4,709
3,658
3,263
3,910
1,943
3,542
3,809
3,303
3,220
4,488
4,093
7,474
4,243
5,194
5,323
5,236
7,495
6,544
5,771
4,908
4,063
4,735
5,024
3,397
2,482
2,114
2,092
20,332
26,282
25,542
45,124
51,079
41,640
48,897
56,136
38,287
52,557
91,983
166,760
166,885
150,798
163,741
156,880
147,712
150,364
209,417
228,827
310,037
164,422
201,032
144,475
277,902
319,636
296,763
231,874
390,000
367,000
418,000
352,000
557,000
493,956
742,689
731,083
812,407
812,407731,083742,689493,956557,000352,000418,000367,000390,000231,874296,763319,636277,902144,475201,032164,422310,037228,827209,417150,364147,712156,880163,741150,798166,885166,76091,98352,55738,28756,13648,89741,64051,07945,12425,54226,28220,3322,0922,1142,4823,3975,0244,7354,0634,9085,7716,5447,4955,2365,3235,1944,2437,4744,0934,4883,2203,3033,8093,5421,9433,9103,2633,6584,7095,1044,4935,4231,8662,4424,5331,1543,3282,3152,1191,4181,9962,33302,001276
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
0
2,205
0
0
0
1,779
1
0
0
1,957
1
0
0
5,246
3,220
-1
1
0
4,243
1
5,323
5,236
-1
-1
5,771
4,908
-1
1
5,024
3,397
2,482
-1
2,092
20,332
-1
25,542
45,124
51,079
41,640
48,897
1
38,287
-1
91,983
166,760
-2
-1
-1
-1
6,236
1
1
1
5,108
98,600
835,885
321,839
17,878
1,358,451
1,190,147
819,557
23,019
966,020
880,341
762,480
48,352
640,787
505,723
321,802
145,455
145,455321,802505,723640,78748,352762,480880,341966,02023,019819,5571,190,1471,358,45117,878321,839835,88598,6005,1081116,236-1-1-1-2166,76091,983-138,287148,89741,64051,07945,12425,542-120,3322,092-12,4823,3975,0241-14,9085,771-1-15,2365,32314,24301-13,2205,2460011,9570011,7790002,20500000000000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,707
3,580
3,361
3,132
4,410
4,171
4,007
3,816
3,594
3,445
3,219
3,016
2,269
2,046
1,823
165
335
0
0
0
114,278
110,823
417,182
428,810
434,998
428,649
433,061
448,623
462,855
470,283
1,157,336
1,115,289
1,141,374
1,119,751
1,143,504
1,176,594
1,307,746
1,327,512
1,335,753
1,397,558
1,440,334
1,700,230
1,590,836
1,565,061
1,542,943
1,607,007
1,716,380
1,763,573
1,862,845
1,946,307
2,077,085
2,230,857
1,972,902
2,143,050
2,232,969
2,325,457
2,480,083
2,480,0832,325,4572,232,9692,143,0501,972,9022,230,8572,077,0851,946,3071,862,8451,763,5731,716,3801,607,0071,542,9431,565,0611,590,8361,700,2301,440,3341,397,5581,335,7531,327,5121,307,7461,176,5941,143,5041,119,7511,141,3741,115,2891,157,336470,283462,855448,623433,061428,649434,998428,810417,182110,823114,2780003351651,8232,0462,2693,0163,2193,4453,5943,8164,0074,1714,4103,1323,3613,5803,70700000000000000000000000
       Property Plant Equipment 
2,565
2,305
0
2,090
1,988
1,875
1,771
1,644
1,497
971
448
3,115
3,065
2,885
3,085
3,023
2,928
2,790
2,840
2,607
3,142
3,411
3,480
1,576
1,533
1,398
1,252
2,614
2,460
2,379
2,272
2,133
2,068
1,926
1,807
1,716
1,577
1,438
165
335
0
0
0
5,067
4,962
16,008
16,561
16,529
16,560
17,960
44,240
45,804
47,859
77,183
84,297
96,199
108,253
109,084
110,657
135,383
174,341
178,424
189,400
256,170
299,192
310,048
322,216
378,052
412,813
480,013
522,705
623,514
633,895
639,114
676,608
785,489
863,131
988,855
1,093,333
1,305,677
1,305,6771,093,333988,855863,131785,489676,608639,114633,895623,514522,705480,013412,813378,052322,216310,048299,192256,170189,400178,424174,341135,383110,657109,084108,25396,19984,29777,18347,85945,80444,24017,96016,56016,52916,56116,0084,9625,0670003351651,4381,5771,7161,8071,9262,0682,1332,2722,3792,4602,6141,2521,3981,5331,5763,4803,4113,1422,6072,8402,7902,9283,0233,0852,8853,0653,1154489711,4971,6441,7711,8751,9882,09002,3052,565
       Goodwill 
0
0
0
477
572
572
572
572
572
572
572
572
572
572
572
572
572
572
572
572
572
572
572
572
572
572
572
572
572
572
572
572
572
572
572
0
0
0
0
0
0
0
0
60,799
60,799
323,491
324,504
332,958
326,768
323,979
314,709
317,629
317,604
650,026
575,236
591,735
572,706
580,732
579,948
608,837
598,310
596,900
619,300
609,154
708,800
669,243
669,108
619,731
606,263
612,332
618,921
615,184
605,093
660,518
694,854
365,580
384,712
384,712
389,196
375,305
375,305389,196384,712384,712365,580694,854660,518605,093615,184618,921612,332606,263619,731669,108669,243708,800609,154619,300596,900598,310608,837579,948580,732572,706591,735575,236650,026317,604317,629314,709323,979326,768332,958324,504323,49160,79960,79900000000572572572572572572572572572572572572572572572572572572572572572572572572572572572572572572572477000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,869
26,352
29,592
27,026
30,805
36,366
69,810
60,654
71,611
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000071,61160,65469,81036,36630,80527,02629,59226,35212,8690000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
477
572
572
572
572
572
572
572
572
572
572
572
572
572
572
572
1,024
572
572
572
1,559
1,475
1,391
1,307
1,223
1,139
1,056
972
888
804
720
636
553
469
385
0
0
0
0
0
48,150
44,799
70,657
79,592
78,214
78,777
84,445
83,225
85,715
91,952
403,775
426,164
426,414
407,986
417,323
416,180
491,191
483,429
481,876
501,317
508,921
593,400
567,119
527,939
472,036
479,417
504,619
529,787
528,961
534,486
587,303
635,213
568,877
601,915
607,886
611,657
639,743
639,743611,657607,886601,915568,877635,213587,303534,486528,961529,787504,619479,417472,036527,939567,119593,400508,921501,317481,876483,429491,191416,180417,323407,986426,414426,164403,77591,95285,71583,22584,44578,77778,21479,59270,65744,79948,150000003854695536367208048889721,0561,1391,2231,3071,3911,4751,5595725725721,024572572572572572572572572572572572572572572572477000
       Other Assets 
0
0
0
477
572
572
572
572
572
572
573
572
572
573
572
572
572
572
573
1,024
572
572
573
2,131
2,047
0
1,880
1,796
1,711
1,628
1,544
1,460
1,376
1,293
1,209
553
469
385
0
0
0
0
0
109,212
105,861
401,174
412,249
418,469
412,089
415,101
404,384
0
1
1
1,030,992
1,045,176
1,011,499
-2
-1
11,681
-178
78,553
-1
-1
98,838
44,426
44,070
8,371
-1
119,416
-1
2,047
172,833
190,150
224,182
348
293,292
251,516
231,271
0
0231,271251,516293,292348224,182190,150172,8332,047-1119,416-18,37144,07044,42698,838-1-178,553-17811,681-1-21,011,4991,045,1761,030,992110404,384415,101412,089418,469412,249401,174105,861109,212000003854695531,2091,2931,3761,4601,5441,6281,7111,7961,88002,0472,1315735725721,024573572572572572573572572573572572572572572572477000
> Total Liabilities 
1,652
1,627
0
3,541
2,816
3,142
4,654
4,343
4,514
3,668
4,273
9,634
7,403
6,251
7,582
9,091
7,140
7,865
8,791
10,488
8,198
8,298
8,654
17,111
15,794
14,699
13,777
22,104
16,366
13,739
13,045
13,628
14,272
15,635
11,949
13,064
10,768
8,234
6,209
6,549
3,482
2,002
1,403
43,242
40,344
87,058
92,575
84,640
66,474
68,994
81,422
91,655
102,413
373,598
373,321
316,270
305,821
320,283
326,749
365,424
406,385
488,249
542,622
584,055
628,437
702,164
637,936
668,381
697,025
780,203
731,720
968,280
966,428
1,101,036
1,168,959
1,500,904
1,625,171
1,692,672
1,615,190
1,659,284
1,659,2841,615,1901,692,6721,625,1711,500,9041,168,9591,101,036966,428968,280731,720780,203697,025668,381637,936702,164628,437584,055542,622488,249406,385365,424326,749320,283305,821316,270373,321373,598102,41391,65581,42268,99466,47484,64092,57587,05840,34443,2421,4032,0023,4826,5496,2098,23410,76813,06411,94915,63514,27213,62813,04513,73916,36622,10413,77714,69915,79417,1118,6548,2988,19810,4888,7917,8657,1409,0917,5826,2517,4039,6344,2733,6684,5144,3434,6543,1422,8163,54101,6271,652
   > Total Current Liabilities 
1,284
1,135
0
2,895
1,858
2,092
3,518
3,223
3,320
2,401
2,932
6,593
4,383
3,256
4,894
6,068
4,105
4,792
5,680
7,473
5,128
5,147
5,421
8,842
7,448
6,248
5,223
13,835
8,424
5,512
5,724
8,094
7,223
8,739
5,204
8,803
9,630
7,251
5,383
6,549
3,482
2,002
1,402
19,681
17,974
45,050
49,992
48,972
31,449
32,927
46,747
65,553
80,432
216,406
209,886
213,874
184,597
197,413
213,764
189,481
201,568
294,426
339,115
340,409
353,573
422,471
386,741
431,085
454,902
539,986
506,155
705,051
706,409
836,238
907,889
1,191,617
1,289,534
1,350,386
1,262,956
1,328,151
1,328,1511,262,9561,350,3861,289,5341,191,617907,889836,238706,409705,051506,155539,986454,902431,085386,741422,471353,573340,409339,115294,426201,568189,481213,764197,413184,597213,874209,886216,40680,43265,55346,74732,92731,44948,97249,99245,05017,97419,6811,4022,0023,4826,5495,3837,2519,6308,8035,2048,7397,2238,0945,7245,5128,42413,8355,2236,2487,4488,8425,4215,1475,1287,4735,6804,7924,1056,0684,8943,2564,3836,5932,9322,4013,3203,2233,5182,0921,8582,89501,1351,284
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,178
0
0
0
1,522
8,940
26,149
25,356
305
59,284
60,748
0
414
0
0
0
12,066
14,031
13,158
13,179
14,291
9,287
8,902
17,224
19,916
19,760
22,421
23,352
30,438
39,427
47,020
37,497
0
037,49747,02039,42730,43823,35222,42119,76019,91617,2248,9029,28714,29113,17913,15814,03112,066000414060,74859,28430525,35626,1498,9401,5220002,17800000000000000000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,940
26,149
25,356
34,428
59,284
60,748
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000000060,74859,28434,42825,35626,1498,9400000000000000000000000000000000000000000000000000000
       Accounts payable 
472
345
0
607
654
516
1,169
461
300
46
963
4,236
1,487
635
2,114
1,737
1,549
2,202
3,421
3,472
1,433
2,609
1,416
3,307
2,310
2,900
1,592
6,618
2,670
2,201
1,527
1,689
2,571
3,006
680
1,812
1,655
2,948
1,043
277
803
108
214
3,100
2,210
22,735
9,682
16,760
6,592
4,796
6,039
16,790
19,564
48,355
79,176
64,857
63,188
68,015
71,922
69,473
69,686
67,537
88,432
92,197
82,090
75,090
66,821
81,570
71,156
125,952
101,202
132,962
117,062
159,697
147,420
201,744
158,807
200,338
169,144
204,863
204,863169,144200,338158,807201,744147,420159,697117,062132,962101,202125,95271,15681,57066,82175,09082,09092,19788,43267,53769,68669,47371,92268,01563,18864,85779,17648,35519,56416,7906,0394,7966,59216,7609,68222,7352,2103,1002141088032771,0432,9481,6551,8126803,0062,5711,6891,5272,2012,6706,6181,5922,9002,3103,3071,4162,6091,4333,4723,4212,2021,5491,7372,1146351,4874,236963463004611,1695166546070345472
       Other Current Liabilities 
812
790
0
2,288
1,204
1,576
2,349
2,762
3,020
2,355
1,969
2,357
2,896
2,621
2,780
4,331
2,556
2,590
2,259
4,000
3,695
2,538
4,005
5,535
5,138
3,348
3,631
7,217
5,754
3,311
4,197
6,405
4,652
5,733
4,524
6,991
7,975
4,303
4,340
6,272
2,679
1,894
1,188
16,581
15,764
22,315
40,310
5,759
24,857
28,131
40,708
7,332
60,868
168,051
130,710
6,003
121,409
129,398
141,842
13,699
131,882
226,889
250,683
22,628
91,643
184,704
128,757
10,430
132,420
186,101
197,443
40,776
569,587
654,120
737,117
959,435
1,091,300
343,774
336,387
127,985
127,985336,387343,7741,091,300959,435737,117654,120569,58740,776197,443186,101132,42010,430128,757184,70491,64322,628250,683226,889131,88213,699141,842129,398121,4096,003130,710168,05160,8687,33240,70828,13124,8575,75940,31022,31515,76416,5811,1881,8942,6796,2724,3404,3037,9756,9914,5245,7334,6526,4054,1973,3115,7547,2173,6313,3485,1385,5354,0052,5383,6954,0002,2592,5902,5564,3312,7802,6212,8962,3571,9692,3553,0202,7622,3491,5761,2042,2880790812
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,269
8,346
8,451
8,554
8,269
7,942
8,227
7,321
5,534
7,049
6,896
6,745
4,261
1,138
983
826
0
0
0
1
23,562
22,370
42,008
42,583
35,668
35,025
36,067
34,675
26,102
21,981
157,192
163,435
102,396
121,224
122,870
112,985
175,943
204,817
193,823
203,507
243,646
274,864
279,693
251,195
237,296
242,123
240,217
225,565
263,229
260,019
264,798
261,070
309,287
335,637
342,286
352,234
331,133
331,133352,234342,286335,637309,287261,070264,798260,019263,229225,565240,217242,123237,296251,195279,693274,864243,646203,507193,823204,817175,943112,985122,870121,224102,396163,435157,19221,98126,10234,67536,06735,02535,66842,58342,00822,37023,56210008269831,1384,2616,7456,8967,0495,5347,3218,2277,9428,2698,5548,4518,3468,26900000000000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
107,409
118,305
116,421
106,309
136,696
140,143
139,020
135,484
192,608
200,522
200,974
226,967
0
0226,967200,974200,522192,608135,484139,020140,143136,696106,309116,421118,305107,4090000000000000000000000000000000000000000000000000000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-2,178
0
0
0
-1,522
-8,940
-26,149
-25,356
-305
-59,284
-60,748
0
-414
0
0
0
79,121
83,003
80,295
78,484
77,125
89,823
87,885
78,244
113,505
118,335
116,172
112,506
170,177
176,524
176,801
204,124
237,203
237,203204,124176,801176,524170,177112,506116,172118,335113,50578,24487,88589,82377,12578,48480,29583,00379,121000-4140-60,748-59,284-305-25,356-26,149-8,940-1,522000-2,17800000000000000000000000000000000000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
107,557
99,237
105,666
1,089
84,209
101,014
76,283
1,304
71,228
72,820
68,995
8,290
73,618
75,641
73,502
4,919
88,987
97,418
82,989
4,860
4,86082,98997,41888,9874,91973,50275,64173,6188,29068,99572,82071,2281,30476,283101,01484,2091,089105,66699,237107,557000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
9,054
6,955
6,955
12,806
9,342
23,506
18,147
13,615
38,768
34,673
30,803
24,268
16,962
34,950
28,452
21,053
13,468
47,327
39,121
28,412
17,140
9,782
9,264
29,373
26,352
15,550
5,998
89,596
80,469
72,432
63,560
54,975
46,081
33,694
25,147
13,483
5,197
26,291
17,096
8,675
4,188
51,634
51,154
195,937
270,078
526,796
621,499
731,008
714,595
704,325
679,802
671,219
831,241
1,200,476
1,106,957
1,409,386
1,344,325
1,600,365
1,582,140
1,578,977
1,958,827
1,931,668
1,951,273
1,846,618
2,801,209
4,751,169
4,221,567
5,468,315
6,081,515
5,777,577
5,315,225
5,038,704
6,598,432
6,396,714
6,206,044
5,449,608
6,866,620
6,531,076
6,337,771
6,197,736
6,197,7366,337,7716,531,0766,866,6205,449,6086,206,0446,396,7146,598,4325,038,7045,315,2255,777,5776,081,5155,468,3154,221,5674,751,1692,801,2091,846,6181,951,2731,931,6681,958,8271,578,9771,582,1401,600,3651,344,3251,409,3861,106,9571,200,476831,241671,219679,802704,325714,595731,008621,499526,796270,078195,93751,15451,6344,1888,67517,09626,2915,19713,48325,14733,69446,08154,97563,56072,43280,46989,5965,99815,55026,35229,3739,2649,78217,14028,41239,12147,32713,46821,05328,45234,95016,96224,26830,80334,67338,76813,61518,14723,5069,34212,8066,9556,9559,054
   Common Stock
162
212
0
1,629
1,629
1,786
1,787
1,787
1,962
1,962
1,962
1,988
1,988
2,186
0
2,187
0
2,586
0
2,587
2,587
2,587
2,712
3,337
34,656
34,388
34,437
13,512
117,824
76,027
76,129
13,512
76,302
13,512
13,512
13,512
13,512
40,799
1,632
1,632
1,632
21,632
21,632
67,786
79,786
119,676
130,120
136,120
136,120
136,736
136,736
136,736
149,732
150,235
180,143
199,743
199,743
200,683
222,710
222,710
239,692
243,418
244,354
244,421
262,317
280,279
281,489
281,559
291,459
291,459
292,120
292,160
311,768
311,768
312,658
312,665
334,265
334,265
334,265
0
0334,265334,265334,265312,665312,658311,768311,768292,160292,120291,459291,459281,559281,489280,279262,317244,421244,354243,418239,692222,710222,710200,683199,743199,743180,143150,235149,732136,736136,736136,736136,120136,120130,120119,67679,78667,78621,63221,6321,6321,6321,63240,79913,51213,51213,51213,51276,30213,51276,12976,027117,82413,51234,43734,38834,6563,3372,7122,5872,5872,58702,58602,18702,1861,9881,9881,9621,9621,9621,7871,7871,7861,6291,6290212162
   Retained Earnings Total Equity00000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 00000000000000000000000000000000000000000000000000000000000000000000000000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,367,306
5,567,074
5,567,074
5,594,227
5,596,248
7,064,977
7,053,345
7,097,977
7,098,186
8,662,207
8,661,090
8,661,090
0
08,661,0908,661,0908,662,2077,098,1867,097,9777,053,3457,064,9775,596,2485,594,2275,567,0745,567,0744,367,3060000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000-81-81-79-79-7900000000-281-281-4,405-4,405-396-1,377-1,377-1,377000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
26,036
-8,304
3,512
3,511
117,906
13,512
13,511
13,512
76,216
13,512
41,616
41,678
40,871
37,313
6,144
45,394
44,705
44,909
35,018
35,018
134,663
190,931
423,374
503,857
602,910
602,410
609,413
609,413
617,952
779,944
783,687
1,066,338
1,304,016
1,308,066
1,586,604
1,613,525
1,615,504
2,047,237
2,108,409
2,158,099
2,177,309
3,073,750
4,408,010
4,501,305
4,493,193
5,628,439
5,633,814
5,675,530
5,718,180
7,118,865
7,189,098
7,254,949
7,279,748
8,804,156
8,809,914
8,841,690
0
08,841,6908,809,9148,804,1567,279,7487,254,9497,189,0987,118,8655,718,1805,675,5305,633,8145,628,4394,493,1934,501,3054,408,0103,073,7502,177,3092,158,0992,108,4092,047,2371,615,5041,613,5251,586,6041,308,0661,304,0161,066,338783,687779,944617,952609,413609,413602,410602,910503,857423,374190,931134,66335,01835,01844,90944,70545,3946,14437,31340,87141,67841,61613,51276,21613,51213,51113,512117,9063,5113,512-8,30426,03600000000000000000000000



Balance Sheet

Currency in NOK. All numbers in thousands.




Cash Flow

Currency in NOK. All numbers in thousands.




Income Statement

Currency in NOK. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue1,681,070
Cost of Revenue-856,926
Gross Profit824,144824,144
 
Operating Income (+$)
Gross Profit824,144
Operating Expense-2,458,581
Operating Income-777,511-1,634,437
 
Operating Expense (+$)
Research Development53,779
Selling General Administrative156,484
Selling And Marketing Expenses0
Operating Expense2,458,581210,263
 
Net Interest Income (+$)
Interest Income167,834
Interest Expense-17,570
Other Finance Cost-6,204
Net Interest Income156,468
 
Pretax Income (+$)
Operating Income-777,511
Net Interest Income156,468
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-872,534-777,511
EBIT - interestExpense = -17,570
-855,196
-837,626
Interest Expense17,570
Earnings Before Interest and Taxes (EBIT)0-854,964
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax-872,534
Tax Provision--17,338
Net Income From Continuing Ops-855,196-855,196
Net Income-855,196
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0-156,468
 

Technical Analysis of Nel ASA
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 Nel ASA. The general trend of Nel ASA is BEARISH 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 Nel ASA'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 Nel ASA.

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: 4.973 < 5.58 < 5.75.

The bearish price targets are: 4.458 > 4.23.

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Nel ASA Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

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

Score

Let's take a look at the Moving Averages of Nel ASA. The current mas is .

The long score for the Moving Averages is 2/14.
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 lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

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

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

Nel ASA Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

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

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

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Nel ASA. The current macd is -0.03439834.

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

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

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


Score

Let's take a look at the Directional Movement Index (DMI) of Nel ASA. The current adx is 12.40.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-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 Nel ASA shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Nel ASA Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

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

Score

Let's take a look at the Parabolic SAR of Nel ASA. The current sar is 5.45191515.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Nel ASA Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

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

Score

Let's take a look at the Relative Strength Index (RSI) of Nel ASA. The current rsi is 49.93. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending down: The RSI is trending down. -1
Nel ASA Daily Relative Strength Index (RSI) ChartNel ASA Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

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

Score

Let's take a look at the Stochastic Oscillator of Nel ASA. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Nel ASA price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Nel ASA Daily Stochastic Oscillator ChartNel ASA Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

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

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

Score

Let's take a look at the Commodity Channel Index (CCI) of Nel ASA. The current cci is 32.87.

Nel ASA Daily Commodity Channel Index (CCI) ChartNel ASA Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

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

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

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Nel ASA. The current cmo is 5.70846811.

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
Nel ASA Daily Chande Momentum Oscillator (CMO) ChartNel ASA Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

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

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

Score

Let's take a look at the Williams %R of Nel ASA. The current willr is -39.93506494.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Nel ASA is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Nel ASA Daily Williams %R ChartNel ASA Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of Nel ASA.

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

Score

Let's take a look at the Average True Range (ATR) of Nel ASA. The current atr is 0.26377923.

Nel ASA Daily Average True Range (ATR) ChartNel ASA Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

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

Score

Let's take a look at the On-Balance Volume (OBV) of Nel ASA. The current obv is -256,164,180.

Nel ASA Daily On-Balance Volume (OBV) ChartNel ASA Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

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

Score

Let's take a look at the Money Flow Index (MFI) of Nel ASA. The current mfi is 58.54.

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
Nel ASA Daily Money Flow Index (MFI) ChartNel ASA Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Nel ASA.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Nel ASA Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5049.930
Ma 20Greater thanMa 504.758
Ma 50Greater thanMa 1004.902
Ma 100Greater thanMa 2006.117
OpenGreater thanClose4.860
Total1/5 (20.0%)
Penke

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