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Qleanair Holding AB
Buy, Hold or Sell?

Let's analyse Qleanair together

PenkeI guess you are interested in Qleanair Holding AB. 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 Qleanair Holding AB. 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 Qleanair (30 sec.)










What can you expect buying and holding a share of Qleanair? (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?
47.6%

What is your share worth?

Current worth
kr14.35
Expected worth in 1 year
kr16.66
How sure are you?
76.2%

+ What do you gain per year?

Total Gains per Share
kr2.31
Return On Investment
6.9%

For what price can you sell your share?

Current Price per Share
kr33.55
Expected price per share
kr31.80 - kr37.20
How sure are you?
50%

1. Valuation of Qleanair (5 min.)




Live pricePrice per Share (EOD)

kr33.55

Intrinsic Value Per Share

kr-2.58 - kr-4.14

Total Value Per Share

kr11.77 - kr10.21

2. Growth of Qleanair (5 min.)




Is Qleanair growing?

Current yearPrevious yearGrowGrow %
How rich?$20.2m$18.2m$1.2m6.3%

How much money is Qleanair making?

Current yearPrevious yearGrowGrow %
Making money$1m$312.3k$706.7k69.4%
Net Profit Margin8.5%3.2%--

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

3. Financial Health of Qleanair (5 min.)




4. Comparing to competitors in the Pollution & Treatment Controls industry (5 min.)




  Industry Rankings (Pollution & Treatment Controls)  


Richest
#51 / 85

Most Revenue
#45 / 85

Most Profit
#28 / 85

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

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

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

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

Speculation

The Price per Share of Qleanair is kr33.55. 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 Qleanair.
  • 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 Qleanair, 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 kr14.35. Based on the TTM, the Book Value Change Per Share is kr0.58 per quarter. Based on the YOY, the Book Value Change Per Share is kr1.82 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 Qleanair.

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 Eps0.030.1%0.070.2%0.020.1%0.050.1%0.050.1%
Usd Book Value Change Per Share0.000.0%0.050.2%0.170.5%0.050.1%0.060.2%
Usd Dividend Per Share0.000.0%0.000.0%0.140.4%0.060.2%0.060.2%
Usd Total Gains Per Share0.000.0%0.050.2%0.310.9%0.110.3%0.120.4%
Usd Price Per Share3.08-2.61-2.77-3.22-3.06-
Price to Earnings Ratio22.74-11.95-7.84-12.45-11.85-
Price-to-Total Gains Ratio1,952.07-521.04--53.50-122.60-122.60-
Price to Book Ratio2.28-2.00-2.31-3.52-3.35-
Price-to-Total Gains Ratio1,952.07-521.04--53.50-122.60-122.60-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share3.1537
Number of shares317
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.06
Usd Book Value Change Per Share0.050.05
Usd Total Gains Per Share0.050.11
Gains per Quarter (317 shares)17.1833.95
Gains per Year (317 shares)68.74135.80
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1069597660126
20137128152120262
30206197228180398
40275266304239534
50344335380299670
60412404456359806
70481473532419942
805505426074791078
906196116835391214
1006876807595991350

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%11.01.00.091.7%18.02.00.090.0%19.02.00.090.5%19.02.00.090.5%
Book Value Change Per Share4.00.00.0100.0%8.04.00.066.7%13.05.02.065.0%14.05.02.066.7%14.05.02.066.7%
Dividend per Share0.00.04.00.0%8.00.04.066.7%10.00.010.050.0%10.00.011.047.6%10.00.011.047.6%
Total Gains per Share4.00.00.0100.0%10.02.00.083.3%15.03.02.075.0%16.03.02.076.2%16.03.02.076.2%

Fundamentals of Qleanair

About Qleanair Holding AB

QleanAir AB (publ) provides air cleaning solutions for professional and public indoor environments in Sweden and internationally. The company offers freestanding smoking cabins for protection against secondhand smoke; cleanrooms for aseptic spaces; and smoking solutions for shopping malls and casinos, as well as offshore facilities, such as oil platforms, offshore, cruise ships and shipping, and security facilities and institutions. It serves production, logistics and warehouses, food and beverage, healthcare, transportation, and airport industries; and MedTech companies and compounding pharmacies, as well as offices, conference centers, hotels, restaurants, and school facilities. The company was formerly known as QleanAir Holding AB (publ) and changed its name to QleanAir AB (publ) in July 2021. QleanAir AB (publ) was founded in 1988 and is headquartered in Solna, Sweden.

Fundamental data was last updated by Penke on 2024-03-12 13:20:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not 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 just not able to pay all its debts with equity.

Valuation

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

1.1. Profitability of Qleanair Holding AB.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Qleanair to the Pollution & Treatment Controls industry mean.
  • A Net Profit Margin of 4.4% means that kr0.04 for each kr1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Qleanair Holding AB:

  • The MRQ is 4.4%. The company is making a profit. +1
  • The TTM is 8.5%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ4.4%TTM8.5%-4.1%
TTM8.5%YOY3.2%+5.3%
TTM8.5%5Y6.9%+1.6%
5Y6.9%10Y7.0%-0.1%
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
MRQ4.4%1.1%+3.3%
TTM8.5%1.0%+7.5%
YOY3.2%2.4%+0.8%
5Y6.9%1.1%+5.8%
10Y7.0%0.2%+6.8%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Qleanair to the Pollution & Treatment Controls industry mean.
  • 0.8% Return on Assets means that Qleanair generated kr0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Qleanair Holding AB:

  • The MRQ is 0.8%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 1.6%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ0.8%TTM1.6%-0.8%
TTM1.6%YOY0.5%+1.1%
TTM1.6%5Y1.3%+0.3%
5Y1.3%10Y1.3%0.0%
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8%0.1%+0.7%
TTM1.6%0.4%+1.2%
YOY0.5%0.6%-0.1%
5Y1.3%-+1.3%
10Y1.3%0.4%+0.9%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Qleanair to the Pollution & Treatment Controls industry mean.
  • 2.5% Return on Equity means Qleanair generated kr0.03 for each kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Qleanair Holding AB:

  • The MRQ is 2.5%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 5.3%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.5%TTM5.3%-2.8%
TTM5.3%YOY1.5%+3.8%
TTM5.3%5Y4.9%+0.4%
5Y4.9%10Y5.4%-0.5%
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
MRQ2.5%0.4%+2.1%
TTM5.3%1.0%+4.3%
YOY1.5%1.7%-0.2%
5Y4.9%1.1%+3.8%
10Y5.4%1.3%+4.1%

1.2. Operating Efficiency of Qleanair Holding AB.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Qleanair is operating .

  • Measures how much profit Qleanair 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 Qleanair to the Pollution & Treatment Controls industry mean.
  • An Operating Margin of 7.8% means the company generated kr0.08  for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Qleanair Holding AB:

  • The MRQ is 7.8%. The company is operating less efficient.
  • The TTM is 13.9%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ7.8%TTM13.9%-6.2%
TTM13.9%YOY6.6%+7.3%
TTM13.9%5Y12.9%+1.1%
5Y12.9%10Y12.9%+0.0%
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
MRQ7.8%2.4%+5.4%
TTM13.9%1.7%+12.2%
YOY6.6%3.2%+3.4%
5Y12.9%2.2%+10.7%
10Y12.9%1.8%+11.1%
1.2.2. Operating Ratio

Measures how efficient Qleanair is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Pollution & Treatment Controls industry mean).
  • An Operation Ratio of 0.92 means that the operating costs are kr0.92 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of Qleanair Holding AB:

  • The MRQ is 0.922. The company is less efficient in keeping operating costs low.
  • The TTM is 0.873. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.922TTM0.873+0.049
TTM0.873YOY0.934-0.060
TTM0.8735Y0.877-0.004
5Y0.87710Y0.877+0.001
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9221.563-0.641
TTM0.8731.554-0.681
YOY0.9341.601-0.667
5Y0.8771.497-0.620
10Y0.8771.396-0.519

1.3. Liquidity of Qleanair Holding AB.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Pollution & Treatment Controls industry mean).
  • A Current Ratio of 0.82 means the company has kr0.82 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of Qleanair Holding AB:

  • The MRQ is 0.816. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.813. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.816TTM0.813+0.003
TTM0.813YOY0.851-0.037
TTM0.8135Y0.764+0.049
5Y0.76410Y0.771-0.007
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8161.616-0.800
TTM0.8131.616-0.803
YOY0.8511.835-0.984
5Y0.7641.902-1.138
10Y0.7711.793-1.022
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Qleanair to the Pollution & Treatment Controls industry mean.
  • A Quick Ratio of 0.39 means the company can pay off kr0.39 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Qleanair Holding AB:

  • The MRQ is 0.386. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.420. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.386TTM0.420-0.034
TTM0.420YOY0.361+0.059
TTM0.4205Y0.407+0.013
5Y0.40710Y0.404+0.003
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3860.854-0.468
TTM0.4200.843-0.423
YOY0.3610.915-0.554
5Y0.4070.933-0.526
10Y0.4040.947-0.543

1.4. Solvency of Qleanair Holding AB.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Qleanair to Pollution & Treatment Controls industry mean.
  • A Debt to Asset Ratio of 0.67 means that Qleanair assets are financed with 67.5% credit (debt) and the remaining percentage (100% - 67.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Qleanair Holding AB:

  • The MRQ is 0.675. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.696. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.675TTM0.696-0.021
TTM0.696YOY0.700-0.004
TTM0.6965Y0.744-0.049
5Y0.74410Y0.751-0.007
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6750.497+0.178
TTM0.6960.459+0.237
YOY0.7000.430+0.270
5Y0.7440.457+0.287
10Y0.7510.461+0.290
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Qleanair to the Pollution & Treatment Controls industry mean.
  • A Debt to Equity ratio of 207.5% means that company has kr2.08 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Qleanair Holding AB:

  • The MRQ is 2.075. The company is just not able to pay all its debts with equity.
  • The TTM is 2.293. The company is just not able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ2.075TTM2.293-0.218
TTM2.293YOY2.337-0.044
TTM2.2935Y3.364-1.071
5Y3.36410Y3.592-0.228
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
MRQ2.0750.869+1.206
TTM2.2930.820+1.473
YOY2.3370.708+1.629
5Y3.3640.820+2.544
10Y3.5920.856+2.736

2. Market Valuation of Qleanair Holding AB

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 Qleanair generates.

  • Above 15 is considered overpriced but always compare Qleanair to the Pollution & Treatment Controls industry mean.
  • A PE ratio of 22.74 means the investor is paying kr22.74 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Qleanair Holding AB:

  • The EOD is 23.299. Based on the earnings, the company is fair priced.
  • The MRQ is 22.743. Based on the earnings, the company is fair priced.
  • The TTM is 11.950. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD23.299MRQ22.743+0.556
MRQ22.743TTM11.950+10.793
TTM11.950YOY7.844+4.106
TTM11.9505Y12.447-0.497
5Y12.44710Y11.854+0.593
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
EOD23.2991.044+22.255
MRQ22.7431.646+21.097
TTM11.9500.692+11.258
YOY7.8448.407-0.563
5Y12.4476.656+5.791
10Y11.8549.441+2.413
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Qleanair Holding AB:

  • The EOD is 15.397. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 15.029. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 13.474. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD15.397MRQ15.029+0.367
MRQ15.029TTM13.474+1.555
TTM13.474YOY26.022-12.548
TTM13.4745Y14.522-1.048
5Y14.52210Y13.830+0.692
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
EOD15.397-2.906+18.303
MRQ15.029-3.216+18.245
TTM13.474-2.683+16.157
YOY26.022-2.887+28.909
5Y14.522-2.967+17.489
10Y13.830-5.057+18.887
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Pollution & Treatment Controls industry mean).
  • A PB ratio of 2.28 means the investor is paying kr2.28 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of Qleanair Holding AB:

  • The EOD is 2.338. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.282. Based on the equity, the company is underpriced. +1
  • The TTM is 2.004. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.338MRQ2.282+0.056
MRQ2.282TTM2.004+0.278
TTM2.004YOY2.315-0.310
TTM2.0045Y3.517-1.513
5Y3.51710Y3.350+0.167
Compared to industry (Pollution & Treatment Controls)
PeriodCompanyIndustry (mean)+/- 
EOD2.3381.903+0.435
MRQ2.2821.960+0.322
TTM2.0042.065-0.061
YOY2.3152.208+0.107
5Y3.5172.590+0.927
10Y3.3503.397-0.047
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Qleanair Holding AB 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--0.0170.577-97%1.816-99%0.502-97%0.683-98%
Book Value Per Share--14.35013.752+4%12.731+13%10.333+39%10.046+43%
Current Ratio--0.8160.813+0%0.851-4%0.764+7%0.771+6%
Debt To Asset Ratio--0.6750.696-3%0.700-4%0.744-9%0.751-10%
Debt To Equity Ratio--2.0752.293-9%2.337-11%3.364-38%3.592-42%
Dividend Per Share----0%1.464-100%0.637-100%0.607-100%
Eps--0.3600.722-50%0.222+63%0.523-31%0.531-32%
Free Cash Flow Per Share--0.5450.650-16%0.022+2328%0.650-16%0.672-19%
Free Cash Flow To Equity Per Share--0.104-0.120+216%-0.088+185%-0.052+150%0.031+239%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---4.144--------
Intrinsic Value_10Y_min---2.583--------
Intrinsic Value_1Y_max--1.949--------
Intrinsic Value_1Y_min--1.916--------
Intrinsic Value_3Y_max--4.054--------
Intrinsic Value_3Y_min--3.907--------
Intrinsic Value_5Y_max--3.987--------
Intrinsic Value_5Y_min--3.856--------
Market Cap498526160.000+1%491341700.000416926430.325+18%449488612.913+9%599895040.048-18%571328609.569-14%
Net Profit Margin--0.0440.085-49%0.032+35%0.069-36%0.070-37%
Operating Margin--0.0780.139-44%0.066+17%0.129-40%0.129-40%
Operating Ratio--0.9220.873+6%0.934-1%0.877+5%0.877+5%
Pb Ratio2.338+2%2.2822.004+14%2.315-1%3.517-35%3.350-32%
Pe Ratio23.299+2%22.74311.950+90%7.844+190%12.447+83%11.854+92%
Price Per Share33.550+2%32.75027.788+18%29.500+11%34.222-4%32.592+0%
Price To Free Cash Flow Ratio15.397+2%15.02913.474+12%26.022-42%14.522+3%13.830+9%
Price To Total Gains Ratio1999.753+2%1952.069521.044+275%-53.500+103%122.604+1492%122.604+1492%
Quick Ratio--0.3860.420-8%0.361+7%0.407-5%0.404-4%
Return On Assets--0.0080.016-48%0.005+56%0.013-37%0.013-38%
Return On Equity--0.0250.053-52%0.015+68%0.049-48%0.054-53%
Total Gains Per Share--0.0170.577-97%3.280-99%1.139-99%1.290-99%
Usd Book Value--20237730.00019424771.000+4%18208810.500+11%15208321.100+33%14770479.619+37%
Usd Book Value Change Per Share--0.0020.054-97%0.171-99%0.047-97%0.064-98%
Usd Book Value Per Share--1.3491.293+4%1.197+13%0.971+39%0.944+43%
Usd Dividend Per Share----0%0.138-100%0.060-100%0.057-100%
Usd Eps--0.0340.068-50%0.021+63%0.049-31%0.050-32%
Usd Free Cash Flow--768262.000913139.500-16%33793.000+2173%964444.700-20%993016.000-23%
Usd Free Cash Flow Per Share--0.0510.061-16%0.002+2328%0.061-16%0.063-19%
Usd Free Cash Flow To Equity Per Share--0.010-0.011+216%-0.008+185%-0.005+150%0.003+239%
Usd Market Cap46861459.040+1%46186119.80039191084.451+18%42251929.614+9%56390133.764-18%53704889.299-14%
Usd Price Per Share3.154+2%3.0792.612+18%2.773+11%3.217-4%3.064+0%
Usd Profit--507694.0001019101.000-50%312338.500+63%761418.800-33%770929.810-34%
Usd Revenue--11632594.00011832673.000-2%10696518.500+9%11035952.500+5%11003554.952+6%
Usd Total Gains Per Share--0.0020.054-97%0.308-99%0.107-99%0.121-99%
 EOD+4 -4MRQTTM+12 -21YOY+26 -95Y+12 -2310Y+12 -23

3.2. Fundamental Score

Let's check the fundamental score of Qleanair Holding AB based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1523.299
Price to Book Ratio (EOD)Between0-12.338
Net Profit Margin (MRQ)Greater than00.044
Operating Margin (MRQ)Greater than00.078
Quick Ratio (MRQ)Greater than10.386
Current Ratio (MRQ)Greater than10.816
Debt to Asset Ratio (MRQ)Less than10.675
Debt to Equity Ratio (MRQ)Less than12.075
Return on Equity (MRQ)Greater than0.150.025
Return on Assets (MRQ)Greater than0.050.008
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Qleanair Holding AB based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5073.815
Ma 20Greater thanMa 5031.225
Ma 50Greater thanMa 10031.435
Ma 100Greater thanMa 20031.479
OpenGreater thanClose31.550
Total2/5 (40.0%)



Latest Balance Sheet

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

Summary
Total Assets662,047
Total Liabilities446,752
Total Stockholder Equity215,295
 As reported
Total Liabilities 446,752
Total Stockholder Equity+ 215,295
Total Assets = 662,047

Assets

Total Assets662,047
Total Current Assets226,025
Long-term Assets436,022
Total Current Assets
Cash And Cash Equivalents 56,885
Net Receivables 50,106
Inventory 60,482
Other Current Assets 58,552
Total Current Assets  (as reported)226,025
Total Current Assets  (calculated)226,025
+/-0
Long-term Assets
Property Plant Equipment 79,036
Goodwill 343,704
Long-term Assets Other 13,213
Long-term Assets  (as reported)436,022
Long-term Assets  (calculated)435,953
+/- 69

Liabilities & Shareholders' Equity

Total Current Liabilities276,996
Long-term Liabilities169,756
Total Stockholder Equity215,295
Total Current Liabilities
Short-term Debt 72,612
Accounts payable 38,357
Other Current Liabilities 156,861
Total Current Liabilities  (as reported)276,996
Total Current Liabilities  (calculated)267,830
+/- 9,166
Long-term Liabilities
Long-term Liabilities  (as reported)169,756
Long-term Liabilities  (calculated)0
+/- 169,756
Total Stockholder Equity
Common Stock7,430
Retained Earnings 105,221
Accumulated Other Comprehensive Income -18,249
Other Stockholders Equity 120,893
Total Stockholder Equity (as reported)215,295
Total Stockholder Equity (calculated)215,295
+/-0
Other
Cash and Short Term Investments 56,885
Common Stock Shares Outstanding 15,003
Current Deferred Revenue9,166
Liabilities and Stockholders Equity 662,047
Net Debt 160,102
Net Working Capital -50,971
Short Long Term Debt Total 216,987



Balance Sheet

All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-31
> Total Assets 
586,048
0
0
619,244
602,950
651,638
634,221
620,042
585,161
594,359
586,782
606,792
610,813
628,570
641,872
662,204
647,724
665,348
711,519
677,874
662,047
662,047677,874711,519665,348647,724662,204641,872628,570610,813606,792586,782594,359585,161620,042634,221651,638602,950619,24400586,048
   > Total Current Assets 
197,464
0
0
203,365
179,441
219,439
204,579
197,312
166,655
174,846
169,332
185,487
194,408
210,299
221,454
238,468
226,942
245,659
260,698
233,761
226,025
226,025233,761260,698245,659226,942238,468221,454210,299194,408185,487169,332174,846166,655197,312204,579219,439179,441203,36500197,464
       Cash And Cash Equivalents 
74,935
0
0
54,201
56,994
62,858
65,543
74,378
52,600
59,318
63,149
62,876
69,662
53,779
56,946
58,530
66,956
59,259
66,881
56,808
56,885
56,88556,80866,88159,25966,95658,53056,94653,77969,66262,87663,14959,31852,60074,37865,54362,85856,99454,2010074,935
       Net Receivables 
0
0
0
0
0
87,684
60,531
48,910
85,725
49,137
34,527
44,762
63,766
43,016
41,911
30,864
26,921
48,588
44,577
113,066
50,106
50,106113,06644,57748,58826,92130,86441,91143,01663,76644,76234,52749,13785,72548,91060,53187,68400000
       Inventory 
22,984
0
0
31,266
32,147
23,192
25,886
31,432
27,069
28,438
27,538
29,853
43,964
53,409
56,476
66,873
59,947
64,843
67,321
63,886
60,482
60,48263,88667,32164,84359,94766,87356,47653,40943,96429,85327,53828,43827,06931,43225,88623,19232,14731,2660022,984
       Other Current Assets 
99,545
0
0
117,898
90,300
133,389
113,150
91,502
86,986
87,090
78,645
92,758
80,782
103,111
108,032
113,065
1
72,969
81,919
1
58,552
58,552181,91972,9691113,065108,032103,11180,78292,75878,64587,09086,98691,502113,150133,38990,300117,8980099,545
   > Long-term Assets 
388,584
0
0
415,880
423,509
432,199
429,642
422,730
418,506
419,513
417,450
421,306
416,405
418,272
420,418
423,736
420,783
419,689
450,820
444,114
436,022
436,022444,114450,820419,689420,783423,736420,418418,272416,405421,306417,450419,513418,506422,730429,642432,199423,509415,88000388,584
       Property Plant Equipment 
23,618
0
0
66,046
62,445
66,879
71,402
65,653
57,228
57,128
58,057
62,128
60,653
63,365
62,418
64,909
62,975
62,439
91,063
83,528
79,036
79,03683,52891,06362,43962,97564,90962,41863,36560,65362,12858,05757,12857,22865,65371,40266,87962,44566,0460023,618
       Goodwill 
343,704
0
0
343,704
343,704
343,704
343,704
343,704
343,704
343,704
343,704
343,704
343,704
343,704
343,704
343,704
343,704
343,704
343,704
343,704
343,704
343,704343,704343,704343,704343,704343,704343,704343,704343,704343,704343,704343,704343,704343,704343,704343,704343,704343,70400343,704
       Intangible Assets 
7,151
0
0
6,130
5,933
12,268
7,005
7,741
12,950
12,358
11,626
11,219
11,553
11,017
11,381
12,382
13,485
13,469
13,427
13,079
0
013,07913,42713,46913,48512,38211,38111,01711,55311,21911,62612,35812,9507,7417,00512,2685,9336,130007,151
       Long-term Assets Other 
14,111
0
0
0
0
0
-1
1
0
-1
1
0
0
1
0
0
0
-406,143
-434,767
1
13,213
13,2131-434,767-406,1430001001-101-10000014,111
> Total Liabilities 
522,073
0
0
487,987
505,204
530,846
501,542
479,189
428,253
418,605
417,451
419,773
416,718
424,410
454,722
462,648
463,747
472,766
505,795
464,889
446,752
446,752464,889505,795472,766463,747462,648454,722424,410416,718419,773417,451418,605428,253479,189501,542530,846505,204487,98700522,073
   > Total Current Liabilities 
216,579
0
0
212,699
241,466
268,183
247,984
234,353
191,224
194,052
197,914
202,548
214,674
231,547
264,350
276,030
286,491
302,549
320,327
288,338
276,996
276,996288,338320,327302,549286,491276,030264,350231,547214,674202,548197,914194,052191,224234,353247,984268,183241,466212,69900216,579
       Short-term Debt 
46,424
0
0
0
46,699
64,855
54,441
53,583
30,568
31,943
34,216
18,671
32,959
26,171
58,328
65,626
87,801
79,263
84,801
69,637
72,612
72,61269,63784,80179,26387,80165,62658,32826,17132,95918,67134,21631,94330,56853,58354,44164,85546,69900046,424
       Short Long Term Debt 
0
0
0
0
0
0
45,225
44,720
20,863
20,250
24,451
18,671
26,171
26,171
58,328
65,626
80,744
79,263
84,801
69,637
0
069,63784,80179,26380,74465,62658,32826,17126,17118,67124,45120,25020,86344,72045,225000000
       Accounts payable 
34,707
0
0
40,666
41,496
35,213
31,108
24,938
25,194
21,709
17,544
22,877
34,770
33,648
31,857
41,874
35,842
40,480
37,288
38,820
38,357
38,35738,82037,28840,48035,84241,87431,85733,64834,77022,87717,54421,70925,19424,93831,10835,21341,49640,6660034,707
       Other Current Liabilities 
135,448
0
0
172,033
153,271
168,115
162,435
155,832
135,462
140,400
146,154
161,000
141,196
171,728
174,165
168,530
162,848
182,806
42,954
30,883
156,861
156,86130,88342,954182,806162,848168,530174,165171,728141,196161,000146,154140,400135,462155,832162,435168,115153,271172,03300135,448
   > Long-term Liabilities 
305,494
0
0
275,288
263,738
262,663
253,558
244,836
237,029
224,553
219,537
217,225
202,044
192,863
190,372
186,618
177,256
170,217
185,468
176,551
169,756
169,756176,551185,468170,217177,256186,618190,372192,863202,044217,225219,537224,553237,029244,836253,558262,663263,738275,28800305,494
       Long term Debt Total 
0
0
0
0
0
0
0
244,837
237,031
224,554
219,537
217,225
202,045
192,863
186,952
183,198
173,269
166,590
181,841
172,925
0
0172,925181,841166,590173,269183,198186,952192,863202,045217,225219,537224,554237,031244,8370000000
       Other Liabilities 
0
0
0
0
0
0
-1
-1
-1
-1
0
1
0
0
3,420
3,420
3,987
0
3,628
0
0
003,62803,9873,4203,4200010-1-1-1-1000000
       Deferred Long Term Liability 
0
0
0
0
0
12,268
7,005
7,741
12,950
12,358
11,627
11,220
11,553
11,018
11,382
12,382
13,485
0
13,427
0
0
0013,427013,48512,38211,38211,01811,55311,22011,62712,35812,9507,7417,00512,26800000
> Total Stockholder Equity
63,975
0
0
131,257
97,746
120,792
132,679
140,853
156,908
175,754
169,331
187,019
194,095
204,160
187,150
199,556
183,977
192,582
205,724
212,985
215,295
215,295212,985205,724192,582183,977199,556187,150204,160194,095187,019169,331175,754156,908140,853132,679120,79297,746131,2570063,975
   Common Stock
6,642
0
0
0
7,430
7,430
7,430
7,430
7,430
7,430
7,430
7,430
7,430
7,430
7,430
7,430
7,430
7,430
7,430
7,430
7,430
7,4307,4307,4307,4307,4307,4307,4307,4307,4307,4307,4307,4307,4307,4307,4307,4307,4300006,642
   Retained Earnings 
-5,260
0
0
0
-36,093
-18,219
-864
8,169
30,912
51,720
47,319
63,535
70,853
84,553
69,899
80,527
13,291
71,893
89,437
99,820
105,221
105,22199,82089,43771,89313,29180,52769,89984,55370,85363,53547,31951,72030,9128,169-864-18,219-36,093000-5,260
   Capital Surplus 
0
0
0
0
0
121,140
121,140
121,401
121,401
121,401
121,186
121,452
121,116
121,116
121,116
121,116
120,603
115,062
120,997
120,974
0
0120,974120,997115,062120,603121,116121,116121,116121,116121,452121,186121,401121,401121,401121,140121,14000000
   Treasury Stock000000000000000000000
   Other Stockholders Equity 
62,593
0
0
0
126,409
131,581
126,113
125,254
118,566
116,604
114,582
116,054
115,812
112,177
109,821
111,599
163,256
113,259
108,857
105,735
120,893
120,893105,735108,857113,259163,256111,599109,821112,177115,812116,054114,582116,604118,566125,254126,113131,581126,40900062,593



Balance Sheet

All numbers in thousands.




Cash Flow

Currency in SEK. All numbers in thousands.




Income Statement

Currency in SEK. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue503,518
Cost of Revenue-439,451
Gross Profit64,06764,067
 
Operating Income (+$)
Gross Profit64,067
Operating Expense-0
Operating Income64,06764,067
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense00
 
Net Interest Income (+$)
Interest Income4,556
Interest Expense-17,879
Other Finance Cost-687
Net Interest Income-12,636
 
Pretax Income (+$)
Operating Income64,067
Net Interest Income-12,636
Other Non-Operating Income Expenses0
Income Before Tax (EBT)55,70072,434
EBIT - interestExpense = 46,188
55,700
61,245
Interest Expense17,879
Earnings Before Interest and Taxes (EBIT)64,06773,579
Earnings Before Interest and Taxes (EBITDA)97,470
 
After tax Income (+$)
Income Before Tax55,700
Tax Provision-8,012
Net Income From Continuing Ops19,29347,688
Net Income43,366
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses439,451
Total Other Income/Expenses Net-8,36712,636
 

Technical Analysis of Qleanair
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 Qleanair. The general trend of Qleanair is BULLISH with 57.1% 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 Qleanair'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 (57.1%) Bearish trend (-57.1%)
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 Qleanair Holding AB.

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

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 33.90 < 37.20 < 37.20.

The bearish price targets are: 33.10 > 33.05 > 31.80.

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Qleanair Holding AB 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 Qleanair Holding AB. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-14 +14).

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

Qleanair Holding AB 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 Qleanair Holding AB. The current macd is 0.28980644.

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 Qleanair price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Qleanair. 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 Qleanair 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
Qleanair Holding AB Daily Moving Average Convergence/Divergence (MACD) ChartQleanair Holding AB 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 Qleanair Holding AB. The current adx is 12.50.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-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 Qleanair shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
Qleanair Holding AB 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 Qleanair Holding AB. The current sar is 29.88.

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

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Qleanair Holding AB 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 Qleanair Holding AB. The current rsi is 73.82. The current phase is Overbought in bull market.

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

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending up: The RSI is trending up. +1
Qleanair Holding AB Daily Relative Strength Index (RSI) ChartQleanair Holding AB 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 Qleanair Holding AB. The current phase is Overbought in bull market.

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

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Qleanair price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Qleanair Holding AB Daily Stochastic Oscillator ChartQleanair Holding AB 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 Qleanair Holding AB. The current cci is 327.26.

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
Qleanair Holding AB Daily Commodity Channel Index (CCI) ChartQleanair Holding AB 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 Qleanair Holding AB. The current cmo is 65.87.

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
Qleanair Holding AB Daily Chande Momentum Oscillator (CMO) ChartQleanair Holding AB 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 Qleanair Holding AB. 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
Qleanair Holding AB Daily Williams %R ChartQleanair Holding AB 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 Qleanair Holding AB.

Qleanair Holding AB 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 Qleanair Holding AB. The current atr is 0.83852698.

Qleanair Holding AB Daily Average True Range (ATR) ChartQleanair Holding AB 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 Qleanair Holding AB. The current obv is 2,686,186.

Qleanair Holding AB Daily On-Balance Volume (OBV) ChartQleanair Holding AB 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 Qleanair Holding AB. The current mfi is 85.31.

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

  • MFI > 50: +1
  • MFI > 80: +1
Qleanair Holding AB Daily Money Flow Index (MFI) ChartQleanair Holding AB Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Qleanair Holding AB.

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

6.3. Candlestick Patterns

Qleanair Holding AB Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Qleanair Holding AB based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5073.815
Ma 20Greater thanMa 5031.225
Ma 50Greater thanMa 10031.435
Ma 100Greater thanMa 20031.479
OpenGreater thanClose31.550
Total2/5 (40.0%)
Penke

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