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Northern Ocean Ltd
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Let's analyse Northern Ocean Ltd together

PenkeI guess you are interested in Northern Ocean Ltd. 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 Northern Ocean Ltd. 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 Northern Ocean Ltd (30 sec.)










What can you expect buying and holding a share of Northern Ocean Ltd? (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
kr26.90
Expected worth in 1 year
kr25.12
How sure are you?
27.8%

+ What do you gain per year?

Total Gains per Share
kr-1.79
Return On Investment
-17.9%

For what price can you sell your share?

Current Price per Share
kr9.97
Expected price per share
kr7.5 - kr12.92
How sure are you?
50%

1. Valuation of Northern Ocean Ltd (5 min.)




Live pricePrice per Share (EOD)

kr9.97

Intrinsic Value Per Share

kr-107.12 - kr-127.34

Total Value Per Share

kr-80.22 - kr-100.44

2. Growth of Northern Ocean Ltd (5 min.)




Is Northern Ocean Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$455m$488.6m-$7.4m-1.5%

How much money is Northern Ocean Ltd making?

Current yearPrevious yearGrowGrow %
Making money-$18.6m-$19.1m$518.7k2.8%
Net Profit Margin-79.7%-4,365.8%--

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

3. Financial Health of Northern Ocean Ltd (5 min.)




4. Comparing to competitors in the Oil & Gas Drilling industry (5 min.)




  Industry Rankings (Oil & Gas Drilling)  


Richest
#11 / 24

Most Revenue
#17 / 24

Most Profit
#21 / 24

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

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

What can you expect buying and holding a share of Northern Ocean Ltd?

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

Speculation

The Price per Share of Northern Ocean Ltd is kr9.97. 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 Northern Ocean Ltd.
  • 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 Northern Ocean Ltd, 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 kr26.90. Based on the TTM, the Book Value Change Per Share is kr-0.45 per quarter. Based on the YOY, the Book Value Change Per Share is kr0.61 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 Northern Ocean Ltd.

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-0.10-1.0%-0.10-1.0%-0.03-0.3%-0.06-0.6%-0.06-0.6%
Usd Book Value Change Per Share-0.10-1.0%-0.04-0.4%0.060.6%0.141.4%0.141.4%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-0.10-1.0%-0.04-0.4%0.060.6%0.141.4%0.141.4%
Usd Price Per Share1.39-1.13-0.86-0.76-0.76-
Price to Earnings Ratio-3.59--2.82--1.33--2.28--2.28-
Price-to-Total Gains Ratio-14.35--7.74-8.48--6.35--6.35-
Price to Book Ratio0.56-0.43-0.32-0.28-0.28-
Price-to-Total Gains Ratio-14.35--7.74-8.48--6.35--6.35-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.923222
Number of shares1083
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share-0.040.14
Usd Total Gains Per Share-0.040.14
Gains per Quarter (1083 shares)-44.80149.89
Gains per Year (1083 shares)-179.22599.57
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-179-1890600590
20-358-368011991190
30-538-547017991790
40-717-726023982390
50-896-905029982990
60-1075-1084035973590
70-1255-1263041974190
80-1434-1442047974790
90-1613-1621053965390
100-1792-1800059965990

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%1.017.00.05.6%1.017.00.05.6%1.017.00.05.6%
Book Value Change Per Share1.03.00.025.0%4.08.00.033.3%5.013.00.027.8%5.013.00.027.8%5.013.00.027.8%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.018.00.0%0.00.018.00.0%0.00.018.00.0%
Total Gains per Share1.03.00.025.0%4.08.00.033.3%5.013.00.027.8%5.013.00.027.8%5.013.00.027.8%

Fundamentals of Northern Ocean Ltd

About Northern Ocean Ltd

Northern Ocean Ltd., a drilling contractor, provides offshore contract drilling services for the oil and gas industry worldwide. The company was incorporated in 2017 and is based in Hamilton, Bermuda.

Fundamental data was last updated by Penke on 2024-03-11 11:20:04.

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 just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

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

1.1. Profitability of Northern Ocean Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Northern Ocean Ltd earns for each kr1 of revenue.

  • Above 10% is considered healthy but always compare Northern Ocean Ltd to the Oil & Gas Drilling industry mean.
  • A Net Profit Margin of -22.0% means that kr-0.22 for each kr1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Northern Ocean Ltd:

  • The MRQ is -22.0%. The company is making a huge loss. -2
  • The TTM is -79.7%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-22.0%TTM-79.7%+57.7%
TTM-79.7%YOY-4,365.8%+4,286.1%
TTM-79.7%5Y-1,028.4%+948.7%
5Y-1,028.4%10Y-1,028.4%0.0%
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
MRQ-22.0%2.2%-24.2%
TTM-79.7%2.2%-81.9%
YOY-4,365.8%-0.1%-4,365.7%
5Y-1,028.4%-20.8%-1,007.6%
10Y-1,028.4%-16.5%-1,011.9%
1.1.2. Return on Assets

Shows how efficient Northern Ocean Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Northern Ocean Ltd to the Oil & Gas Drilling industry mean.
  • -1.6% Return on Assets means that Northern Ocean Ltd generated kr-0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Northern Ocean Ltd:

  • The MRQ is -1.6%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -1.7%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-1.6%TTM-1.7%+0.1%
TTM-1.7%YOY-2.0%+0.2%
TTM-1.7%5Y-1.4%-0.4%
5Y-1.4%10Y-1.4%0.0%
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.6%0.8%-2.4%
TTM-1.7%0.3%-2.0%
YOY-2.0%-0.4%-1.6%
5Y-1.4%-1.7%+0.3%
10Y-1.4%-1.5%+0.1%
1.1.3. Return on Equity

Shows how efficient Northern Ocean Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Northern Ocean Ltd to the Oil & Gas Drilling industry mean.
  • -3.9% Return on Equity means Northern Ocean Ltd generated kr-0.04 for each kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Northern Ocean Ltd:

  • The MRQ is -3.9%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -3.9%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-3.9%TTM-3.9%0.0%
TTM-3.9%YOY-4.0%+0.1%
TTM-3.9%5Y-2.9%-0.9%
5Y-2.9%10Y-2.9%0.0%
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
MRQ-3.9%1.6%-5.5%
TTM-3.9%0.8%-4.7%
YOY-4.0%-0.5%-3.5%
5Y-2.9%-2.9%0.0%
10Y-2.9%-2.5%-0.4%

1.2. Operating Efficiency of Northern Ocean Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Northern Ocean Ltd is operating .

  • Measures how much profit Northern Ocean Ltd 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 Northern Ocean Ltd to the Oil & Gas Drilling 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 Northern Ocean Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-47.2%+47.2%
TTM-47.2%YOY-2,964.3%+2,917.0%
TTM-47.2%5Y-698.4%+651.2%
5Y-698.4%10Y-698.4%0.0%
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.9%-7.9%
TTM-47.2%4.1%-51.3%
YOY-2,964.3%1.3%-2,965.6%
5Y-698.4%-15.5%-682.9%
10Y-698.4%-12.0%-686.4%
1.2.2. Operating Ratio

Measures how efficient Northern Ocean Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Oil & Gas Drilling industry mean).
  • An Operation Ratio of 1.28 means that the operating costs are kr1.28 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of Northern Ocean Ltd:

  • The MRQ is 1.280. The company is inefficient in keeping operating costs low. -1
  • The TTM is 2.276. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.280TTM2.276-0.997
TTM2.276YOY41.973-39.697
TTM2.2765Y10.888-8.612
5Y10.88810Y10.8880.000
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2801.207+0.073
TTM2.2761.221+1.055
YOY41.9731.017+40.956
5Y10.8881.217+9.671
10Y10.8881.168+9.720

1.3. Liquidity of Northern Ocean Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Northern Ocean Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Oil & Gas Drilling industry mean).
  • A Current Ratio of 0.97 means the company has kr0.97 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of Northern Ocean Ltd:

  • The MRQ is 0.970. The company is just not able to pay all its short-term debts. -1
  • The TTM is 1.282. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ0.970TTM1.282-0.311
TTM1.282YOY1.511-0.229
TTM1.2825Y0.791+0.491
5Y0.79110Y0.7910.000
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9701.356-0.386
TTM1.2821.539-0.257
YOY1.5111.474+0.037
5Y0.7911.610-0.819
10Y0.7911.857-1.066
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Northern Ocean Ltd to the Oil & Gas Drilling industry mean.
  • A Quick Ratio of 0.31 means the company can pay off kr0.31 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Northern Ocean Ltd:

  • The MRQ is 0.307. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.686. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.307TTM0.686-0.379
TTM0.686YOY1.234-0.549
TTM0.6865Y0.510+0.176
5Y0.51010Y0.5100.000
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3070.909-0.602
TTM0.6861.068-0.382
YOY1.2341.044+0.190
5Y0.5101.160-0.650
10Y0.5101.306-0.796

1.4. Solvency of Northern Ocean Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Northern Ocean Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Northern Ocean Ltd to Oil & Gas Drilling industry mean.
  • A Debt to Asset Ratio of 0.58 means that Northern Ocean Ltd assets are financed with 57.8% credit (debt) and the remaining percentage (100% - 57.8%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Northern Ocean Ltd:

  • The MRQ is 0.578. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.553. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.578TTM0.553+0.025
TTM0.553YOY0.501+0.052
TTM0.5535Y0.592-0.039
5Y0.59210Y0.5920.000
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5780.556+0.022
TTM0.5530.547+0.006
YOY0.5010.522-0.021
5Y0.5920.537+0.055
10Y0.5920.507+0.085
1.4.2. Debt to Equity Ratio

Measures if Northern Ocean Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Northern Ocean Ltd to the Oil & Gas Drilling industry mean.
  • A Debt to Equity ratio of 136.7% means that company has kr1.37 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Northern Ocean Ltd:

  • The MRQ is 1.367. The company is able to pay all its debts with equity. +1
  • The TTM is 1.242. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.367TTM1.242+0.124
TTM1.242YOY1.005+0.238
TTM1.2425Y1.054+0.188
5Y1.05410Y1.0540.000
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3671.252+0.115
TTM1.2421.194+0.048
YOY1.0051.060-0.055
5Y1.0541.154-0.100
10Y1.0541.077-0.023

2. Market Valuation of Northern Ocean Ltd

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 Northern Ocean Ltd generates.

  • Above 15 is considered overpriced but always compare Northern Ocean Ltd to the Oil & Gas Drilling industry mean.
  • A PE ratio of -3.59 means the investor is paying kr-3.59 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Northern Ocean Ltd:

  • The EOD is -2.388. Based on the earnings, the company is expensive. -2
  • The MRQ is -3.593. Based on the earnings, the company is expensive. -2
  • The TTM is -2.821. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-2.388MRQ-3.593+1.205
MRQ-3.593TTM-2.821-0.772
TTM-2.821YOY-1.331-1.489
TTM-2.8215Y-2.280-0.540
5Y-2.28010Y-2.2800.000
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
EOD-2.3883.546-5.934
MRQ-3.5933.108-6.701
TTM-2.8219.440-12.261
YOY-1.331-0.124-1.207
5Y-2.2804.906-7.186
10Y-2.2802.295-4.575
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Northern Ocean Ltd:

  • The EOD is -0.829. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -1.247. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -1.867. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-0.829MRQ-1.247+0.418
MRQ-1.247TTM-1.867+0.620
TTM-1.867YOY-23.594+21.727
TTM-1.8675Y-7.395+5.528
5Y-7.39510Y-7.3950.000
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
EOD-0.8292.917-3.746
MRQ-1.2472.958-4.205
TTM-1.8671.048-2.915
YOY-23.594-3.767-19.827
5Y-7.3950.374-7.769
10Y-7.395-0.517-6.878
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Oil & Gas Drilling industry mean).
  • A PB ratio of 0.56 means the investor is paying kr0.56 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of Northern Ocean Ltd:

  • The EOD is 0.371. Based on the equity, the company is cheap. +2
  • The MRQ is 0.558. Based on the equity, the company is cheap. +2
  • The TTM is 0.431. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.371MRQ0.558-0.187
MRQ0.558TTM0.431+0.127
TTM0.431YOY0.324+0.107
TTM0.4315Y0.284+0.147
5Y0.28410Y0.2840.000
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
EOD0.3711.028-0.657
MRQ0.5581.182-0.624
TTM0.4311.389-0.958
YOY0.3241.370-1.046
5Y0.2840.956-0.672
10Y0.2841.081-0.797
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Northern Ocean Ltd 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---1.045-0.447-57%0.609-272%1.495-170%1.495-170%
Book Value Per Share--26.90428.451-5%28.890-7%25.951+4%25.951+4%
Current Ratio--0.9701.282-24%1.511-36%0.791+23%0.791+23%
Debt To Asset Ratio--0.5780.553+5%0.501+15%0.592-2%0.592-2%
Debt To Equity Ratio--1.3671.242+10%1.005+36%1.054+30%1.054+30%
Dividend Per Share----0%-0%-0%-0%
Eps---1.044-1.102+6%-0.283-73%-0.657-37%-0.657-37%
Free Cash Flow Per Share---3.006-1.946-35%-0.523-83%-1.453-52%-1.453-52%
Free Cash Flow To Equity Per Share---3.006-0.467-84%0.851-453%0.330-1012%0.330-1012%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---127.342--------
Intrinsic Value_10Y_min---107.120--------
Intrinsic Value_1Y_max---5.216--------
Intrinsic Value_1Y_min---5.119--------
Intrinsic Value_3Y_max---21.421--------
Intrinsic Value_3Y_min---20.334--------
Intrinsic Value_5Y_max---44.559--------
Intrinsic Value_5Y_min---40.864--------
Market Cap1821289610.240-50%2740156605.0002221810057.400+23%1702549565.440+61%1493892099.511+83%1493892099.511+83%
Net Profit Margin---0.220-0.797+262%-43.658+19720%-10.284+4569%-10.284+4569%
Operating Margin----0.4720%-29.6430%-6.9840%-6.9840%
Operating Ratio--1.2802.276-44%41.973-97%10.888-88%10.888-88%
Pb Ratio0.371-50%0.5580.431+29%0.324+72%0.284+96%0.284+96%
Pe Ratio-2.388+34%-3.593-2.821-21%-1.331-63%-2.280-37%-2.280-37%
Price Per Share9.970-50%15.00012.163+23%9.320+61%8.178+83%8.178+83%
Price To Free Cash Flow Ratio-0.829+34%-1.247-1.867+50%-23.594+1791%-7.395+493%-7.395+493%
Price To Total Gains Ratio-9.541+34%-14.355-7.741-46%8.478-269%-6.353-56%-6.353-56%
Quick Ratio--0.3070.686-55%1.234-75%0.510-40%0.510-40%
Return On Assets---0.016-0.017+6%-0.020+20%-0.014-17%-0.014-17%
Return On Equity---0.039-0.0390%-0.040+2%-0.029-24%-0.029-24%
Total Gains Per Share---1.045-0.447-57%0.609-272%1.495-170%1.495-170%
Usd Book Value--455099106.211481275878.476-5%488695804.197-7%438992433.443+4%438992433.443+4%
Usd Book Value Change Per Share---0.097-0.041-57%0.056-272%0.138-170%0.138-170%
Usd Book Value Per Share--2.4912.635-5%2.675-7%2.403+4%2.403+4%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.097-0.102+6%-0.026-73%-0.061-37%-0.061-37%
Usd Free Cash Flow---50853216.710-32915753.063-35%-8846786.457-83%-24572546.548-52%-24572546.548-52%
Usd Free Cash Flow Per Share---0.278-0.180-35%-0.048-83%-0.135-52%-0.135-52%
Usd Free Cash Flow To Equity Per Share---0.278-0.043-84%0.079-453%0.031-1012%0.031-1012%
Usd Market Cap168651417.908-50%253738501.623205739611.315+23%157656089.760+61%138334408.415+83%138334408.415+83%
Usd Price Per Share0.923-50%1.3891.126+23%0.863+61%0.757+83%0.757+83%
Usd Profit---17656089.708-18647895.358+6%-19166662.940+9%-14318584.979-19%-14318584.979-19%
Usd Revenue--80156088.41941715560.568+92%7161041.706+1019%19478773.108+312%19478773.108+312%
Usd Total Gains Per Share---0.097-0.041-57%0.056-272%0.138-170%0.138-170%
 EOD+3 -5MRQTTM+11 -21YOY+10 -225Y+12 -2010Y+12 -20

3.2. Fundamental Score

Let's check the fundamental score of Northern Ocean Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-2.388
Price to Book Ratio (EOD)Between0-10.371
Net Profit Margin (MRQ)Greater than0-0.220
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.307
Current Ratio (MRQ)Greater than10.970
Debt to Asset Ratio (MRQ)Less than10.578
Debt to Equity Ratio (MRQ)Less than11.367
Return on Equity (MRQ)Greater than0.15-0.039
Return on Assets (MRQ)Greater than0.05-0.016
Total2/10 (20.0%)

3.3. Technical Score

Let's check the technical score of Northern Ocean Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5065.110
Ma 20Greater thanMa 509.431
Ma 50Greater thanMa 1008.778
Ma 100Greater thanMa 20010.138
OpenGreater thanClose9.290
Total2/5 (40.0%)



Reversals in quarterly reports

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

 2022-09-302022-12-312023-03-312023-06-302023-09-30
Net Working Capital  131,421467,069598,490-208,082390,408-140,315250,093-299,186-49,092



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in USD. All numbers in thousands.

Summary
Total Assets1,077,660
Total Liabilities622,357
Total Stockholder Equity455,303
 As reported
Total Liabilities 622,357
Total Stockholder Equity+ 455,303
Total Assets = 1,077,660

Assets

Total Assets1,077,660
Total Current Assets148,862
Long-term Assets928,798
Total Current Assets
Cash And Cash Equivalents 21,002
Net Receivables 47,088
Other Current Assets 7,717
Total Current Assets  (as reported)148,862
Total Current Assets  (calculated)75,807
+/- 73,055
Long-term Assets
Property Plant Equipment 928,798
Long-term Assets  (as reported)928,798
Long-term Assets  (calculated)928,798
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities153,410
Long-term Liabilities468,947
Total Stockholder Equity455,303
Total Current Liabilities
Short Long Term Debt 71,660
Accounts payable 14,429
Total Current Liabilities  (as reported)153,410
Total Current Liabilities  (calculated)86,089
+/- 67,321
Long-term Liabilities
Long term Debt 466,205
Capital Lease Obligations Min Short Term Debt139
Long-term Liabilities  (as reported)468,947
Long-term Liabilities  (calculated)466,344
+/- 2,603
Total Stockholder Equity
Total Stockholder Equity (as reported)455,303
Total Stockholder Equity (calculated)0
+/- 455,303
Other
Capital Stock91,339
Common Stock Shares Outstanding 182,677
Net Debt 516,863
Net Invested Capital 993,168
Net Working Capital -4,548
Property Plant and Equipment Gross 1,076,018



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302018-12-31
> Total Assets 
612,349
930,702
1,101,157
1,173,552
1,183,495
1,161,029
1,134,625
1,118,000
1,093,151
1,065,679
977,554
988,642
965,693
987,647
1,053,782
1,059,504
1,118,755
1,077,660
1,077,6601,118,7551,059,5041,053,782987,647965,693988,642977,5541,065,6791,093,1511,118,0001,134,6251,161,0291,183,4951,173,5521,101,157930,702612,349
   > Total Current Assets 
17,411
11,917
95,747
136,302
125,714
86,705
60,906
54,363
37,280
20,291
23,764
45,483
32,513
61,543
134,800
148,974
191,577
148,862
148,862191,577148,974134,80061,54332,51345,48323,76420,29137,28054,36360,90686,705125,714136,30295,74711,91717,411
       Cash And Cash Equivalents 
14,851
599
53,895
101,193
89,232
56,524
37,471
31,802
17,602
5,880
5,461
37,436
28,169
49,285
67,494
27,386
68,585
21,002
21,00268,58527,38667,49449,28528,16937,4365,4615,88017,60231,80237,47156,52489,232101,19353,89559914,851
       Net Receivables 
2,251
0
41,408
34,123
36,035
28,857
22,589
20,812
7,420
1,470
4,512
5,884
1,936
2,380
23,066
42,078
45,688
47,088
47,08845,68842,07823,0662,3801,9365,8844,5121,4707,42020,81222,58928,85736,03534,12341,40802,251
       Other Current Assets 
309
339
444
986
447
1,324
846
1,749
11,367
11,043
12,604
2,049
2,276
9,847
44,205
76,941
77,269
7,717
7,71777,26976,94144,2059,8472,2762,04912,60411,04311,3671,7498461,324447986444339309
   > Long-term Assets 
0
918,785
0
1,037,250
1,057,781
1,074,324
1,073,719
1,063,637
1,055,871
1,045,388
953,790
943,159
933,180
926,104
918,982
910,530
927,178
928,798
928,798927,178910,530918,982926,104933,180943,159953,7901,045,3881,055,8711,063,6371,073,7191,074,3241,057,7811,037,2500918,7850
       Property Plant Equipment 
594,938
0
1,004,479
1,035,178
1,055,642
1,071,121
1,070,746
1,060,889
1,050,232
1,039,460
953,755
943,159
933,180
924,666
917,712
910,530
927,178
928,798
928,798927,178910,530917,712924,666933,180943,159953,7551,039,4601,050,2321,060,8891,070,7461,071,1211,055,6421,035,1781,004,4790594,938
       Other Assets 
0
0
931
2,072
2,139
3,203
2,973
2,748
5,639
5,928
35
0
0
1,438
1,270
0
0
0
0001,2701,43800355,9285,6392,7482,9733,2032,1392,07293100
> Total Liabilities 
612,741
932,700
558,033
645,234
660,890
646,533
627,550
622,345
622,583
621,351
481,922
487,300
492,554
502,101
546,983
568,627
645,768
622,357
622,357645,768568,627546,983502,101492,554487,300481,922621,351622,583622,345627,550646,533660,890645,234558,033932,700612,741
   > Total Current Liabilities 
425,016
573,729
127,347
175,672
200,178
203,625
344,767
345,281
619,594
618,390
19,457
17,866
31,596
49,368
79,355
112,806
168,408
153,410
153,410168,408112,80679,35549,36831,59617,86619,457618,390619,594345,281344,767203,625200,178175,672127,347573,729425,016
       Short-term Debt 
10,000
0
40,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000040,000010,000
       Short Long Term Debt 
10,000
35,000
40,000
40,000
40,000
40,000
190,000
195,000
468,569
469,086
10,000
9,981
19,966
29,954
19,970
29,961
59,988
71,660
71,66059,98829,96119,97029,95419,9669,98110,000469,086468,569195,000190,00040,00040,00040,00040,00035,00010,000
       Accounts payable 
0
0
0
0
7,622
6,825
4,950
2,956
3,857
1,812
2,332
600
1,483
3,989
7,662
7,983
15,551
14,429
14,42915,5517,9837,6623,9891,4836002,3321,8123,8572,9564,9506,8257,6220000
       Other Current Liabilities 
415,016
1,424
87,347
135,657
145,523
149,080
142,437
140,332
141,441
144,111
2,919
663
856
1,265
24,200
33,131
43,246
0
043,24633,13124,2001,2658566632,919144,111141,441140,332142,437149,080145,523135,65787,3471,424415,016
   > Long-term Liabilities 
0
358,971
0
469,562
460,712
442,908
282,783
277,064
2,989
2,961
462,465
469,434
460,958
452,733
467,628
455,821
477,360
468,947
468,947477,360455,821467,628452,733460,958469,434462,4652,9612,989277,064282,783442,908460,712469,5620358,9710
       Long term Debt Total 
0
0
0
0
0
437,035
277,552
273,058
0
0
459,531
466,527
458,079
449,669
461,227
452,889
474,505
0
0474,505452,889461,227449,669458,079466,527459,53100273,058277,552437,03500000
       Other Liabilities 
0
0
15,191
13,555
14,194
5,873
5,231
4,006
2,989
2,961
2,934
2,907
2,879
2,852
6,237
2,797
2,770
0
02,7702,7976,2372,8522,8792,9072,9342,9612,9894,0065,2315,87314,19413,55515,19100
> Total Stockholder Equity
-392
-1,998
543,124
528,318
522,605
514,496
507,075
495,655
470,568
444,328
495,632
501,342
473,139
485,546
506,799
490,877
472,987
455,303
455,303472,987490,877506,799485,546473,139501,342495,632444,328470,568495,655507,075514,496522,605528,318543,124-1,998-392
   Common Stock
0
0
63,727
528,318
63,803
63,803
63,803
63,803
63,803
63,803
63,803
51,901
51,901
67,298
90,809
91,339
91,339
0
091,33991,33990,80967,29851,90151,90163,80363,80363,80363,80363,80363,80363,803528,31863,72700
   Retained Earnings -201,533-183,869-165,866-149,049-126,908-99,499-70,386-56,159-107,781-81,642-56,481-45,134-37,656-29,539-23,781-8,626-1,998-392
   Capital Surplus 
0
0
0
0
0
488,334
488,334
488,334
488,334
488,334
488,334
0
0
544,194
565,184
565,613
565,613
0
0565,613565,613565,184544,19400488,334488,334488,334488,334488,334488,33400000
   Treasury Stock000000000000000000
   Other Stockholders Equity 
0
0
13
0
7
15
72
-1
73
-28
-346
-409
501
962
-145
-209
-96
0
0-96-209-145962501-409-346-2873-17215701300



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue167,159
Cost of Revenue-58,464
Gross Profit108,695108,695
 
Operating Income (+$)
Gross Profit108,695
Operating Expense-202,592
Operating Income-35,433-93,897
 
Operating Expense (+$)
Research Development-
Selling General Administrative7,781
Selling And Marketing Expenses-
Operating Expense202,5927,781
 
Net Interest Income (+$)
Interest Income1,565
Interest Expense-41,842
Other Finance Cost-13
Net Interest Income-40,290
 
Pretax Income (+$)
Operating Income-35,433
Net Interest Income-40,290
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-72,688-35,433
EBIT - interestExpense = -41,842
-74,625
-32,783
Interest Expense41,842
Earnings Before Interest and Taxes (EBIT)--30,846
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-72,688
Tax Provision-1,937
Net Income From Continuing Ops-74,625-74,625
Net Income-74,625
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-40,290
 

Technical Analysis of Northern Ocean Ltd
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 Northern Ocean Ltd. The general trend of Northern Ocean Ltd is BEARISH with 28.6% 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 Northern Ocean Ltd'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 (-28.6%) Bearish trend (28.6%)
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 Northern Ocean Ltd.

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

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 9.97 < 11.36 < 12.92.

The bearish price targets are: 9.08 > 8.01 > 7.5.

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Northern Ocean Ltd 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 Northern Ocean Ltd. The current mas is .

The long score for the Moving Averages is 5/14.
The longshort score for the Moving Averages is -4/(-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 lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower 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 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

Northern Ocean Ltd 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 Northern Ocean Ltd. The current macd is 0.16478248.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Northern Ocean Ltd price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Northern Ocean Ltd. 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 Northern Ocean Ltd 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
Northern Ocean Ltd Daily Moving Average Convergence/Divergence (MACD) ChartNorthern Ocean Ltd 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 Northern Ocean Ltd. The current adx is 30.61.

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 Northern Ocean Ltd 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.
Northern Ocean Ltd 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 Northern Ocean Ltd. The current sar is 8.98.

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
Northern Ocean Ltd 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 Northern Ocean Ltd. The current rsi is 65.11. The current phase is Correction in bear market.

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

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending up: The RSI is trending up. +1
Northern Ocean Ltd Daily Relative Strength Index (RSI) ChartNorthern Ocean Ltd 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 Northern Ocean Ltd. The current phase is Overbought in bear 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 Northern Ocean Ltd price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Northern Ocean Ltd Daily Stochastic Oscillator ChartNorthern Ocean Ltd 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 Northern Ocean Ltd. The current cci is 103.93.

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
Northern Ocean Ltd Daily Commodity Channel Index (CCI) ChartNorthern Ocean Ltd 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 Northern Ocean Ltd. The current cmo is 39.90.

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
Northern Ocean Ltd Daily Chande Momentum Oscillator (CMO) ChartNorthern Ocean Ltd 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 Northern Ocean Ltd. The current willr is 0.

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
Northern Ocean Ltd Daily Williams %R ChartNorthern Ocean Ltd 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 Northern Ocean Ltd.

Northern Ocean Ltd 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 Northern Ocean Ltd. The current atr is 0.42479243.

Northern Ocean Ltd Daily Average True Range (ATR) ChartNorthern Ocean Ltd 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 Northern Ocean Ltd. The current obv is -45,145,542.

Northern Ocean Ltd Daily On-Balance Volume (OBV) ChartNorthern Ocean Ltd 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 Northern Ocean Ltd. The current mfi is 40.04.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Northern Ocean Ltd Daily Money Flow Index (MFI) ChartNorthern Ocean Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Northern Ocean Ltd.

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

6.3. Candlestick Patterns

Northern Ocean Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Northern Ocean Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5065.110
Ma 20Greater thanMa 509.431
Ma 50Greater thanMa 1008.778
Ma 100Greater thanMa 20010.138
OpenGreater thanClose9.290
Total2/5 (40.0%)
Penke

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