25 XP   0   0   10

Piovan S.p.A
Buy, Hold or Sell?

Let's analyse Piovan together

PenkeI guess you are interested in Piovan S.p.A. 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 Piovan S.p.A. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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

Get notifications about Piovan S.p.A

I send you an email if I find something interesting about Piovan S.p.A.

Quick analysis of Piovan (30 sec.)










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

How much money do you get?

How much money do you get?
€0.65
When do you have the money?
1 year
How often do you get paid?
81.8%

What is your share worth?

Current worth
€3.14
Expected worth in 1 year
€3.54
How sure are you?
95.5%

+ What do you gain per year?

Total Gains per Share
€1.01
Return On Investment
8.3%

For what price can you sell your share?

Current Price per Share
€12.15
Expected price per share
€9.74 - €
How sure are you?
50%

1. Valuation of Piovan (5 min.)




Live pricePrice per Share (EOD)

€12.15

Intrinsic Value Per Share

€13.99 - €16.56

Total Value Per Share

€17.13 - €19.70

2. Growth of Piovan (5 min.)




Is Piovan growing?

Current yearPrevious yearGrowGrow %
How rich?$173m$125.7m$32.3m20.5%

How much money is Piovan making?

Current yearPrevious yearGrowGrow %
Making money$10.5m$10.3m$220.9k2.1%
Net Profit Margin6.8%8.7%--

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

3. Financial Health of Piovan (5 min.)




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




  Industry Rankings (Specialty Industrial Machinery)  


Richest
#410 / 738

Most Revenue
#245 / 738

Most Profit
#243 / 738

Most Efficient
#296 / 738

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

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

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

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

Speculation

The Price per Share of Piovan is €12.15. 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 Piovan.
  • 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 Piovan, 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 €3.14. Based on the TTM, the Book Value Change Per Share is €0.10 per quarter. Based on the YOY, the Book Value Change Per Share is €0.25 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 €0.15 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Piovan.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps0.221.8%0.252.0%0.201.7%0.151.3%0.151.2%
Usd Book Value Change Per Share0.292.4%0.110.9%0.272.2%0.121.0%0.151.3%
Usd Dividend Per Share0.000.0%0.161.3%0.110.9%0.121.0%0.110.9%
Usd Total Gains Per Share0.292.4%0.272.2%0.383.1%0.231.9%0.272.2%
Usd Price Per Share9.71-10.07-10.01-8.01-7.29-
Price to Earnings Ratio10.86-10.17-13.27-14.73-13.39-
Price-to-Total Gains Ratio33.31-42.55-32.28-45.44-45.44-
Price to Book Ratio2.86-3.26-4.19-4.21-3.83-
Price-to-Total Gains Ratio33.31-42.55-32.28-45.44-45.44-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share13.142655
Number of shares76
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.160.12
Usd Book Value Change Per Share0.110.12
Usd Total Gains Per Share0.270.23
Gains per Quarter (76 shares)20.7017.63
Gains per Year (76 shares)82.8070.51
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1493373353561
299671567170132
3148100239106105203
4197134322141141274
5247167405177176345
6296201488212211416
7345234571248246487
8395268654283281558
9444301737318316629
10493335820354351700

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 Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%22.00.00.0100.0%22.00.00.0100.0%
Book Value Change Per Share3.01.00.075.0%11.01.00.091.7%18.02.00.090.0%19.02.01.086.4%19.02.01.086.4%
Dividend per Share3.00.01.075.0%11.00.01.091.7%17.00.03.085.0%18.00.04.081.8%18.00.04.081.8%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%21.00.01.095.5%21.00.01.095.5%

Fundamentals of Piovan

About Piovan S.p.A

Piovan S.p.A., through its subsidiaries, engages in development and production of automation systems for storage, transport, and treatment of plastic, food powders, and polymers in Europe, the Middle East, Africa, Asia, North America, and South America. The company offers feeding and conveying products, including valves, single phase hopper loader, hoppers, automatic and manual coupling stations, vacuum units, filters, vacuum receivers, vacuum chambers and receivers, unloading systems, pumps, conveying systems, customized solutions, and production monitoring products; and drying and dehumidifying products, such as drying and split hoppers, dryers, filters, gas heaters, desiccant towers, crystallizers, condensing units, automatic injection pressure control, conversions, hoppers, dehumidifiers, retro-fit-conversions, and controllers. It also provides dosing and blending systems comprising blenders, dosing units, and microdosing units; temperature control units; analyzers, moisture minders, and point meters; and granulators, film and edge trimmers, shredders, and de-dusting systems. In addition, the company offers Winfactory 4.0, a process control industry software; Winenergy, a software for monitoring and analyzing energy consumption; automation and control systems; control and monitoring systems; spare parts; and help desk, maintenance contracts, training, equipment overhauling, engineering, installation, and energy audit services. Its products have applications in PET preforms and bottles, rigid packaging, automotive components, technical parts, medical solutions, thermoforming and technical sheets, flexible films, fibers and strapping, and recycling and compounds, as well as pipes, profiles, and cables. The company was founded in 1934 and is headquartered in Santa Maria di Sala, Italy. Piovan S.p.A. operates as a subsidiary of Pentafin S.p.A.

Fundamental data was last updated by Penke on 2024-03-12 12:52:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
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 unable to pay all its debts with equity.

Valuation

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

1.1. Profitability of Piovan S.p.A.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Piovan to the Specialty Industrial Machinery industry mean.
  • A Net Profit Margin of 7.7% means that €0.08 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Piovan S.p.A:

  • The MRQ is 7.7%. The company is making a profit. +1
  • The TTM is 6.8%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ7.7%TTM6.8%+0.9%
TTM6.8%YOY8.7%-1.9%
TTM6.8%5Y8.0%-1.2%
5Y8.0%10Y8.0%-0.1%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ7.7%5.5%+2.2%
TTM6.8%5.2%+1.6%
YOY8.7%5.1%+3.6%
5Y8.0%4.5%+3.5%
10Y8.0%4.7%+3.3%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Piovan to the Specialty Industrial Machinery industry mean.
  • 2.1% Return on Assets means that Piovan generated €0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Piovan S.p.A:

  • The MRQ is 2.1%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.9%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.1%TTM1.9%+0.2%
TTM1.9%YOY2.1%-0.2%
TTM1.9%5Y2.1%-0.2%
5Y2.1%10Y2.1%+0.0%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ2.1%1.1%+1.0%
TTM1.9%1.0%+0.9%
YOY2.1%1.1%+1.0%
5Y2.1%1.0%+1.1%
10Y2.1%1.1%+1.0%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Piovan to the Specialty Industrial Machinery industry mean.
  • 6.7% Return on Equity means Piovan generated €0.07 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Piovan S.p.A:

  • The MRQ is 6.7%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 6.7%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ6.7%TTM6.7%0.0%
TTM6.7%YOY8.3%-1.6%
TTM6.7%5Y7.5%-0.8%
5Y7.5%10Y7.9%-0.4%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ6.7%2.3%+4.4%
TTM6.7%2.1%+4.6%
YOY8.3%2.2%+6.1%
5Y7.5%2.0%+5.5%
10Y7.9%2.2%+5.7%

1.2. Operating Efficiency of Piovan S.p.A.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Piovan is operating .

  • Measures how much profit Piovan makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Piovan to the Specialty Industrial Machinery industry mean.
  • An Operating Margin of 0.0% means the company generated €0.00  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Piovan S.p.A:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM3.0%-3.0%
TTM3.0%YOY9.0%-6.0%
TTM3.0%5Y10.0%-7.0%
5Y10.0%10Y10.3%-0.3%
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.9%-7.9%
TTM3.0%4.7%-1.7%
YOY9.0%6.2%+2.8%
5Y10.0%6.2%+3.8%
10Y10.3%5.0%+5.3%
1.2.2. Operating Ratio

Measures how efficient Piovan is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Specialty Industrial Machinery industry mean).
  • An Operation Ratio of 1.52 means that the operating costs are €1.52 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Piovan S.p.A:

  • The MRQ is 1.525. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.539. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.525TTM1.539-0.014
TTM1.539YOY1.561-0.022
TTM1.5395Y1.498+0.041
5Y1.49810Y1.475+0.023
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5251.536-0.011
TTM1.5391.554-0.015
YOY1.5611.550+0.011
5Y1.4981.525-0.027
10Y1.4751.248+0.227

1.3. Liquidity of Piovan S.p.A.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Piovan 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 1.35 means the company has €1.35 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Piovan S.p.A:

  • The MRQ is 1.355. The company is just able to pay all its short-term debts.
  • The TTM is 1.399. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.355TTM1.399-0.044
TTM1.399YOY1.424-0.025
TTM1.3995Y1.405-0.006
5Y1.40510Y1.340+0.065
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3551.679-0.324
TTM1.3991.688-0.289
YOY1.4241.649-0.225
5Y1.4051.740-0.335
10Y1.3401.534-0.194
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Piovan to the Specialty Industrial Machinery industry mean.
  • A Quick Ratio of 0.45 means the company can pay off €0.45 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Piovan S.p.A:

  • The MRQ is 0.452. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.482. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.452TTM0.482-0.030
TTM0.482YOY0.447+0.035
TTM0.4825Y0.519-0.037
5Y0.51910Y0.507+0.012
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4520.724-0.272
TTM0.4820.749-0.267
YOY0.4470.814-0.367
5Y0.5190.858-0.339
10Y0.5070.860-0.353

1.4. Solvency of Piovan S.p.A.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Piovan to Specialty Industrial Machinery industry mean.
  • A Debt to Asset Ratio of 0.68 means that Piovan assets are financed with 68.4% credit (debt) and the remaining percentage (100% - 68.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Piovan S.p.A:

  • The MRQ is 0.684. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.712. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.684TTM0.712-0.028
TTM0.712YOY0.748-0.036
TTM0.7125Y0.706+0.006
5Y0.70610Y0.674+0.032
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6840.499+0.185
TTM0.7120.503+0.209
YOY0.7480.504+0.244
5Y0.7060.497+0.209
10Y0.6740.491+0.183
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Piovan to the Specialty Industrial Machinery industry mean.
  • A Debt to Equity ratio of 219.3% means that company has €2.19 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Piovan S.p.A:

  • The MRQ is 2.193. The company is just not able to pay all its debts with equity.
  • The TTM is 2.525. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ2.193TTM2.525-0.332
TTM2.525YOY3.083-0.558
TTM2.5255Y2.529-0.003
5Y2.52910Y2.413+0.116
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ2.1930.997+1.196
TTM2.5251.016+1.509
YOY3.0831.016+2.067
5Y2.5291.052+1.477
10Y2.4131.033+1.380

2. Market Valuation of Piovan S.p.A

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Piovan generates.

  • Above 15 is considered overpriced but always compare Piovan to the Specialty Industrial Machinery industry mean.
  • A PE ratio of 10.86 means the investor is paying €10.86 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Piovan S.p.A:

  • The EOD is 14.700. Based on the earnings, the company is underpriced. +1
  • The MRQ is 10.865. Based on the earnings, the company is underpriced. +1
  • The TTM is 10.167. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD14.700MRQ10.865+3.835
MRQ10.865TTM10.167+0.698
TTM10.167YOY13.274-3.107
TTM10.1675Y14.728-4.562
5Y14.72810Y13.390+1.339
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD14.70019.375-4.675
MRQ10.86518.592-7.727
TTM10.16719.380-9.213
YOY13.27418.029-4.755
5Y14.72821.975-7.247
10Y13.39028.443-15.053
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Piovan S.p.A:

  • The EOD is 8.571. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 6.335. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 3.946. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD8.571MRQ6.335+2.236
MRQ6.335TTM3.946+2.389
TTM3.946YOY-37.850+41.796
TTM3.9465Y-1.459+5.405
5Y-1.45910Y-1.327-0.133
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD8.5715.634+2.937
MRQ6.3355.073+1.262
TTM3.9462.621+1.325
YOY-37.850-0.130-37.720
5Y-1.4590.550-2.009
10Y-1.3271.971-3.298
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Piovan 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 2.86 means the investor is paying €2.86 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Piovan S.p.A:

  • The EOD is 3.875. Based on the equity, the company is fair priced.
  • The MRQ is 2.864. Based on the equity, the company is underpriced. +1
  • The TTM is 3.256. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD3.875MRQ2.864+1.011
MRQ2.864TTM3.256-0.392
TTM3.256YOY4.187-0.930
TTM3.2565Y4.213-0.957
5Y4.21310Y3.830+0.383
Compared to industry (Specialty Industrial Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD3.8752.090+1.785
MRQ2.8642.124+0.740
TTM3.2562.181+1.075
YOY4.1872.351+1.836
5Y4.2132.377+1.836
10Y3.8302.932+0.898
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Piovan S.p.A 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--0.2700.102+165%0.249+8%0.107+152%0.143+89%
Book Value Per Share--3.1352.865+9%2.278+38%1.852+69%1.729+81%
Current Ratio--1.3551.399-3%1.424-5%1.405-4%1.340+1%
Debt To Asset Ratio--0.6840.712-4%0.748-9%0.706-3%0.674+1%
Debt To Equity Ratio--2.1932.525-13%3.083-29%2.529-13%2.413-9%
Dividend Per Share---0.150-100%0.100-100%0.108-100%0.105-100%
Eps--0.2070.229-10%0.187+10%0.142+45%0.138+50%
Free Cash Flow Per Share--0.3540.182+94%0.133+166%0.128+177%0.117+203%
Free Cash Flow To Equity Per Share--0.354-0.019+105%0.520-32%0.151+135%0.134+165%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--16.560--------
Intrinsic Value_10Y_min--13.993--------
Intrinsic Value_1Y_max--0.826--------
Intrinsic Value_1Y_min--0.811--------
Intrinsic Value_3Y_max--3.116--------
Intrinsic Value_3Y_min--2.962--------
Intrinsic Value_5Y_max--6.173--------
Intrinsic Value_5Y_min--5.675--------
Market Cap620044875.000+26%458271850.000475112575.000-4%472050625.000-3%378087034.375+21%343715485.795+33%
Net Profit Margin--0.0770.068+13%0.087-12%0.080-3%0.080-4%
Operating Margin---0.030-100%0.090-100%0.100-100%0.103-100%
Operating Ratio--1.5251.539-1%1.561-2%1.498+2%1.475+3%
Pb Ratio3.875+26%2.8643.256-12%4.187-32%4.213-32%3.830-25%
Pe Ratio14.700+26%10.86510.167+7%13.274-18%14.728-26%13.390-19%
Price Per Share12.150+26%8.9809.310-4%9.250-3%7.409+21%6.735+33%
Price To Free Cash Flow Ratio8.571+26%6.3353.946+61%-37.850+697%-1.459+123%-1.327+121%
Price To Total Gains Ratio45.075+26%33.31442.546-22%32.281+3%45.436-27%45.436-27%
Quick Ratio--0.4520.482-6%0.447+1%0.519-13%0.507-11%
Return On Assets--0.0210.019+8%0.021-1%0.021-2%0.021-1%
Return On Equity--0.0670.067-1%0.083-19%0.075-11%0.079-15%
Total Gains Per Share--0.2700.252+7%0.349-23%0.214+26%0.247+9%
Usd Book Value--173069836.600158169419.100+9%125776560.475+38%102249044.625+69%95458058.273+81%
Usd Book Value Change Per Share--0.2920.110+165%0.269+8%0.116+152%0.154+89%
Usd Book Value Per Share--3.3913.099+9%2.465+38%2.004+69%1.871+81%
Usd Dividend Per Share---0.162-100%0.109-100%0.116-100%0.113-100%
Usd Eps--0.2240.248-10%0.202+10%0.154+45%0.149+50%
Usd Free Cash Flow--19562544.50010058187.450+94%7355830.425+166%7065069.465+177%6466205.927+203%
Usd Free Cash Flow Per Share--0.3830.197+94%0.144+166%0.138+177%0.127+203%
Usd Free Cash Flow To Equity Per Share--0.383-0.020+105%0.562-32%0.163+135%0.144+165%
Usd Market Cap670702541.288+26%495712660.145513929272.378-4%510617161.063-3%408976745.083+21%371797040.985+33%
Usd Price Per Share13.143+26%9.71410.071-4%10.006-3%8.014+21%7.285+33%
Usd Profit--11406526.50010553876.475+8%10332939.250+10%7437066.095+53%7234655.441+58%
Usd Revenue--148325949.100155675018.900-5%123236458.450+20%95254610.170+56%91912491.514+61%
Usd Total Gains Per Share--0.2920.272+7%0.378-23%0.232+26%0.267+9%
 EOD+4 -4MRQTTM+20 -15YOY+20 -155Y+23 -1210Y+23 -12

3.2. Fundamental Score

Let's check the fundamental score of Piovan S.p.A based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1514.700
Price to Book Ratio (EOD)Between0-13.875
Net Profit Margin (MRQ)Greater than00.077
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.452
Current Ratio (MRQ)Greater than11.355
Debt to Asset Ratio (MRQ)Less than10.684
Debt to Equity Ratio (MRQ)Less than12.193
Return on Equity (MRQ)Greater than0.150.067
Return on Assets (MRQ)Greater than0.050.021
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Piovan S.p.A based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5066.120
Ma 20Greater thanMa 5010.814
Ma 50Greater thanMa 10010.311
Ma 100Greater thanMa 2009.908
OpenGreater thanClose12.400
Total5/5 (100.0%)



Latest Balance Sheet

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

Summary
Total Assets505,586
Total Liabilities345,588
Total Stockholder Equity157,578
 As reported
Total Liabilities 345,588
Total Stockholder Equity+ 157,578
Total Assets = 505,586

Assets

Total Assets505,586
Total Current Assets287,484
Long-term Assets218,102
Total Current Assets
Cash And Cash Equivalents 76,335
Short-term Investments 6,489
Net Receivables 89,435
Inventory 90,954
Total Current Assets  (as reported)287,484
Total Current Assets  (calculated)263,213
+/- 24,271
Long-term Assets
Property Plant Equipment 68,039
Goodwill 64,015
Intangible Assets 62,037
Long-term Assets Other 871
Long-term Assets  (as reported)218,102
Long-term Assets  (calculated)194,962
+/- 23,140

Liabilities & Shareholders' Equity

Total Current Liabilities212,170
Long-term Liabilities133,418
Total Stockholder Equity157,578
Total Current Liabilities
Short Long Term Debt 62,774
Accounts payable 64,101
Total Current Liabilities  (as reported)212,170
Total Current Liabilities  (calculated)126,875
+/- 85,295
Long-term Liabilities
Long term Debt 104,710
Long-term Liabilities  (as reported)133,418
Long-term Liabilities  (calculated)104,710
+/- 28,708
Total Stockholder Equity
Retained Earnings 33,155
Total Stockholder Equity (as reported)157,578
Total Stockholder Equity (calculated)33,155
+/- 124,423
Other
Capital Stock6,000
Common Stock Shares Outstanding 51,032
Net Debt 91,149
Net Invested Capital 325,062
Net Working Capital 75,314
Property Plant and Equipment Gross 141,086



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-03-31
> Total Assets 
0
169,134
174,915
183,805
183,939
199,739
223,801
211,011
217,307
218,539
270,058
275,202
285,093
287,873
320,335
499,700
529,232
538,783
523,010
508,698
493,820
505,586
505,586493,820508,698523,010538,783529,232499,700320,335287,873285,093275,202270,058218,539217,307211,011223,801199,739183,939183,805174,915169,1340
   > Total Current Assets 
0
127,790
129,119
131,235
128,610
141,087
158,675
146,595
154,019
156,621
184,686
190,989
200,625
204,000
234,350
296,248
302,955
305,048
307,407
293,930
280,523
287,484
287,484280,523293,930307,407305,048302,955296,248234,350204,000200,625190,989184,686156,621154,019146,595158,675141,087128,610131,235129,119127,7900
       Cash And Cash Equivalents 
0
25,932
39,113
31,006
28,091
38,212
59,123
49,577
57,441
62,165
87,452
87,900
85,578
86,000
118,505
108,414
104,480
93,797
94,365
75,055
67,178
76,335
76,33567,17875,05594,36593,797104,480108,414118,50586,00085,57887,90087,45262,16557,44149,57759,12338,21228,09131,00639,11325,9320
       Short-term Investments 
0
0
0
6,250
6,176
6,342
6,319
6,100
6,149
5,239
5,146
5,161
4,131
4,105
1,589
1,550
1,525
1,474
6,815
6,851
6,599
6,489
6,4896,5996,8516,8151,4741,5251,5501,5894,1054,1315,1615,1465,2396,1496,1006,3196,3426,1766,250000
       Net Receivables 
0
71,428
60,760
51,881
53,653
51,714
61,172
57,117
55,187
53,043
52,990
55,062
69,121
66,201
65,173
99,316
92,192
96,295
89,771
90,298
106,443
89,435
89,435106,44390,29889,77196,29592,19299,31665,17366,20169,12155,06252,99053,04355,18757,11761,17251,71453,65351,88160,76071,4280
       Other Current Assets 
0
1,534
1,197
-1
1,362
1,889
1,798
2,096
1,890
2,965
2,178
3,676
3,271
4,106
3,571
4,461
11,627
12,071
13,156
0
9,727
0
09,727013,15612,07111,6274,4613,5714,1063,2713,6762,1782,9651,8902,0961,7981,8891,362-11,1971,5340
   > Long-term Assets 
0
0
0
52,570
55,329
58,652
65,126
64,416
63,289
61,918
85,372
84,213
84,468
83,873
85,985
203,452
226,276
233,734
215,603
214,768
213,297
218,102
218,102213,297214,768215,603233,734226,276203,45285,98583,87384,46884,21385,37261,91863,28964,41665,12658,65255,32952,570000
       Property Plant Equipment 
0
29,640
34,531
41,578
43,603
46,375
52,430
51,938
50,945
49,951
52,324
51,581
51,430
51,064
52,854
65,613
66,338
66,587
65,156
66,758
65,823
68,039
68,03965,82366,75865,15666,58766,33865,61352,85451,06451,43051,58152,32449,95150,94551,93852,43046,37543,60341,57834,53129,6400
       Goodwill 
0
5,393
5,428
5,490
5,447
5,870
6,745
6,841
6,755
6,610
22,158
22,300
22,257
22,340
21,913
120,098
71,189
74,640
63,709
62,840
62,877
64,015
64,01562,87762,84063,70974,64071,189120,09821,91322,34022,25722,30022,1586,6106,7556,8416,7455,8705,4475,4905,4285,3930
       Long Term Investments 
0
487
270
362
388
1,078
300
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000003001,0783883622704870
       Intangible Assets 
0
572
579
638
931
861
765
695
642
611
5,371
4,977
4,807
4,555
4,279
4,459
69,343
71,380
64,588
62,757
61,662
62,037
62,03761,66262,75764,58871,38069,3434,4594,2794,5554,8074,9775,3716116426957658619316385795720
       Other Assets 
0
5,252
4,988
4,501
4,960
4,468
4,916
4,672
4,676
4,476
5,364
5,200
5,770
5,711
6,702
7,622
8,523
9,241
0
0
11,094
0
011,094009,2418,5237,6226,7025,7115,7705,2005,3644,4764,6764,6724,9164,4684,9604,5014,9885,2520
> Total Liabilities 
0
118,199
118,139
122,732
126,042
139,735
158,650
144,094
146,381
145,055
195,425
194,110
200,916
199,477
221,884
390,507
410,988
399,564
388,080
364,976
347,578
345,588
345,588347,578364,976388,080399,564410,988390,507221,884199,477200,916194,110195,425145,055146,381144,094158,650139,735126,042122,732118,139118,1990
   > Total Current Liabilities 
0
92,827
93,148
95,326
90,985
105,598
118,636
105,471
103,619
104,724
132,916
134,027
145,260
145,931
167,851
210,576
214,248
206,264
216,023
200,227
207,607
212,170
212,170207,607200,227216,023206,264214,248210,576167,851145,931145,260134,027132,916104,724103,619105,471118,636105,59890,98595,32693,14892,8270
       Short-term Debt 
0
6,391
6,274
23,878
23,335
33,458
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000033,45823,33523,8786,2746,3910
       Short Long Term Debt 
0
6,391
6,274
23,878
23,335
33,458
38,525
36,398
35,030
36,168
40,550
42,355
45,652
47,371
51,992
51,353
57,622
42,618
39,693
41,359
62,005
62,774
62,77462,00541,35939,69342,61857,62251,35351,99247,37145,65242,35540,55036,16835,03036,39838,52533,45823,33523,8786,2746,3910
       Accounts payable 
0
31,583
39,937
32,493
30,171
27,967
40,556
26,516
25,929
25,921
39,912
36,666
41,756
39,591
50,022
64,798
69,262
68,599
77,292
68,562
67,763
64,101
64,10167,76368,56277,29268,59969,26264,79850,02239,59141,75636,66639,91225,92125,92926,51640,55627,96730,17132,49339,93731,5830
       Other Current Liabilities 
0
33,461
19,444
14,718
3,488
1
28,540
31,943
33,252
29,719
39,085
44,577
46,059
43,204
54,432
73,631
69,713
68,261
23,092
0
55,113
0
055,113023,09268,26169,71373,63154,43243,20446,05944,57739,08529,71933,25231,94328,54013,48814,71819,44433,4610
   > Long-term Liabilities 
0
0
0
27,406
35,057
34,137
40,014
38,623
42,762
40,331
62,509
60,083
55,656
53,546
54,033
179,931
196,740
193,300
172,057
164,749
139,970
133,418
133,418139,970164,749172,057193,300196,740179,93154,03353,54655,65660,08362,50940,33142,76238,62340,01434,13735,05727,406000
       Other Liabilities 
0
12,458
13,622
13,023
10,663
12,111
12,559
12,199
11,635
11,969
15,130
15,301
16,339
16,328
12,114
34,016
54,275
58,619
0
0
27,949
0
027,9490058,61954,27534,01612,11416,32816,33915,30115,13011,96911,63512,19912,55912,11110,66313,02313,62212,4580
> Total Stockholder Equity
31,817
47,155
52,985
57,251
54,068
56,410
61,377
63,232
67,351
71,669
72,414
79,017
82,244
86,700
97,004
107,720
116,753
137,849
133,111
141,600
143,914
157,578
157,578143,914141,600133,111137,849116,753107,72097,00486,70082,24479,01772,41471,66967,35163,23261,37756,41054,06857,25152,98547,15531,817
   Common Stock
0
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
0
0
6,000
0
06,000006,0006,0006,0006,0006,0006,0006,0006,0006,0006,0006,0006,0006,0006,0006,0006,0006,0000
   Retained Earnings Total Equity0000000000000000000000
   Accumulated Other Comprehensive Income 0000000000000000000000
   Capital Surplus 0000000000000000000000
   Treasury Stock0000000000000000000000
   Other Stockholders Equity 
0
28,789
24,154
48,613
40,654
39,718
37,727
55,539
54,974
55,649
49,821
68,518
62,452
62,897
63,707
94,911
96,704
104,141
0
0
116,593
0
0116,59300104,14196,70494,91163,70762,89762,45268,51849,82155,64954,97455,53937,72739,71840,65448,61324,15428,7890



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in EUR. All numbers in thousands.




Income Statement

Currency in EUR. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue575,667
Cost of Revenue-368,109
Gross Profit207,558207,558
 
Operating Income (+$)
Gross Profit207,558
Operating Expense-517,643
Operating Income58,024-310,085
 
Operating Expense (+$)
Research Development-
Selling General Administrative-
Selling And Marketing Expenses-
Operating Expense517,6430
 
Net Interest Income (+$)
Interest Income1,000
Interest Expense-2,756
Other Finance Cost-198
Net Interest Income-1,558
 
Pretax Income (+$)
Operating Income58,024
Net Interest Income-1,558
Other Non-Operating Income Expenses-
Income Before Tax (EBT)57,14758,024
EBIT - interestExpense = -2,756
39,370
42,126
Interest Expense2,756
Earnings Before Interest and Taxes (EBIT)-59,903
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax57,147
Tax Provision-18,465
Net Income From Continuing Ops38,68238,682
Net Income39,370
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-1,558
 

Technical Analysis of Piovan
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 Piovan. The general trend of Piovan is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Piovan's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Piovan S.p.A.

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

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

The bullish price targets are: .

The bearish price targets are: 11.35 > 9.74 > 9.74.

Tweet this
Piovan S.p.A 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 Piovan S.p.A. The current mas is .

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

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

Directionalities and relatives.

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

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

Piovan S.p.A 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 Piovan S.p.A. The current macd is 0.39833156.

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

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Piovan price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Piovan. 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 Piovan 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
Piovan S.p.A Daily Moving Average Convergence/Divergence (MACD) ChartPiovan S.p.A 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 Piovan S.p.A. The current adx is 28.02.

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 Piovan 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.
Piovan S.p.A 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 Piovan S.p.A. The current sar is 9.9151856.

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
Piovan S.p.A 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 Piovan S.p.A. The current rsi is 66.12. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
Piovan S.p.A Daily Relative Strength Index (RSI) ChartPiovan S.p.A 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 Piovan S.p.A. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 5/6.
The longshort score for the Stochastic Oscillator is 4/(-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 Piovan price going up in the near term. +2
  • Trending down: The STOCH %K is trending down. -1
Piovan S.p.A Daily Stochastic Oscillator ChartPiovan S.p.A 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 Piovan S.p.A. The current cci is 230.40.

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
Piovan S.p.A Daily Commodity Channel Index (CCI) ChartPiovan S.p.A 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 Piovan S.p.A. The current cmo is 36.99.

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
Piovan S.p.A Daily Chande Momentum Oscillator (CMO) ChartPiovan S.p.A 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 Piovan S.p.A. The current willr is -19.04761905.

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
Piovan S.p.A Daily Williams %R ChartPiovan S.p.A 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 Piovan S.p.A.

Piovan S.p.A 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 Piovan S.p.A. The current atr is 0.58729076.

Piovan S.p.A Daily Average True Range (ATR) ChartPiovan S.p.A 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 Piovan S.p.A. The current obv is 1,593,351.

Piovan S.p.A Daily On-Balance Volume (OBV) ChartPiovan S.p.A 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 Piovan S.p.A. The current mfi is 77.60.

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
Piovan S.p.A Daily Money Flow Index (MFI) ChartPiovan S.p.A Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Piovan S.p.A.

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

6.3. Candlestick Patterns

Piovan S.p.A Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Piovan S.p.A based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5066.120
Ma 20Greater thanMa 5010.814
Ma 50Greater thanMa 10010.311
Ma 100Greater thanMa 2009.908
OpenGreater thanClose12.400
Total5/5 (100.0%)
Penke

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

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

Get notifications about Piovan S.p.A

I send you an email if I find something interesting about Piovan S.p.A.


Comments

How you think about this?

Leave a comment

Stay informed about Piovan S.p.A.

Receive notifications about Piovan S.p.A in your mailbox!