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Nordnet AB
Buy, Hold or Sell?

Let's analyse Nordnet AB together

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










What can you expect buying and holding a share of Nordnet AB? (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?
58.8%

What is your share worth?

Current worth
kr25.06
Expected worth in 1 year
kr26.06
How sure are you?
82.4%

+ What do you gain per year?

Total Gains per Share
kr1.00
Return On Investment
0.5%

For what price can you sell your share?

Current Price per Share
kr196.40
Expected price per share
kr168.40 - kr204.60
How sure are you?
50%

1. Valuation of Nordnet AB (5 min.)




Live pricePrice per Share (EOD)

kr196.40

Intrinsic Value Per Share

kr-73.54 - kr-92.67

Total Value Per Share

kr-48.49 - kr-67.62

2. Growth of Nordnet AB (5 min.)




Is Nordnet AB growing?

Current yearPrevious yearGrowGrow %
How rich?$592.4m$540.7m-$10.8m-2.1%

How much money is Nordnet AB making?

Current yearPrevious yearGrowGrow %
Making money$59.8m$38.3m$21.4m35.9%
Net Profit Margin53.0%48.0%--

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

3. Financial Health of Nordnet AB (5 min.)




4. Comparing to competitors in the Capital Markets industry (5 min.)




  Industry Rankings (Capital Markets)  


Richest
#107 / 373

Most Revenue
#105 / 373

Most Profit
#66 / 373

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

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

What can you expect buying and holding a share of Nordnet AB?

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

Speculation

The Price per Share of Nordnet AB is kr196.40. 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 Nordnet AB.
  • 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 Nordnet AB, 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 kr25.06. Based on the TTM, the Book Value Change Per Share is kr0.25 per quarter. Based on the YOY, the Book Value Change Per Share is kr0.06 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is kr0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Nordnet AB.

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 Eps0.240.1%0.240.1%0.150.1%0.160.1%0.160.1%
Usd Book Value Change Per Share0.240.1%0.020.0%0.010.0%0.140.1%0.140.1%
Usd Dividend Per Share0.000.0%0.000.0%0.260.1%0.120.1%0.120.1%
Usd Total Gains Per Share0.240.1%0.020.0%0.260.1%0.250.1%0.250.1%
Usd Price Per Share16.07-14.82-13.66-10.82-10.82-
Price to Earnings Ratio16.81-15.75-24.96-16.16-16.16-
Price-to-Total Gains Ratio68.35--7.63-29.19-25.94-25.94-
Price to Book Ratio6.82-7.05-6.35-5.33-5.33-
Price-to-Total Gains Ratio68.35--7.63-29.19-25.94-25.94-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share18.4616
Number of shares54
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.12
Usd Book Value Change Per Share0.020.14
Usd Total Gains Per Share0.020.25
Gains per Quarter (54 shares)1.2713.75
Gains per Year (54 shares)5.0954.99
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
105-5253045
201005060100
301557590155
402010100120210
502515125150265
603120150180320
703625175209375
804130201239430
904635226269485
1005140251299540

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%17.00.00.0100.0%17.00.00.0100.0%17.00.00.0100.0%
Book Value Change Per Share2.02.00.050.0%9.03.00.075.0%14.03.00.082.4%14.03.00.082.4%14.03.00.082.4%
Dividend per Share0.00.04.00.0%6.00.06.050.0%10.00.07.058.8%10.00.07.058.8%10.00.07.058.8%
Total Gains per Share2.02.00.050.0%9.03.00.075.0%14.03.00.082.4%14.03.00.082.4%14.03.00.082.4%

Fundamentals of Nordnet AB

About Nordnet AB

Nordnet AB (publ) engages in the savings and investments, pensions, and loans businesses in Sweden, Norway, Denmark, and Finland. The company provides digital platform for savings and investment products, such as stocks, mutual funds, and other securities through website, app, or other applications; margin lending, residential mortgages, and personal unsecured loans; and pension savings. It operates Shareville, a social investment network that allows customers to follow other investors and see their investments. Nordnet AB (publ) was founded in 1996 and is headquartered in Stockholm, Sweden.

Fundamental data was last updated by Penke on 2024-03-14 09:11:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient 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 very efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is 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 just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

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

1.1. Profitability of Nordnet AB.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Nordnet AB to the Capital Markets industry mean.
  • A Net Profit Margin of 41.8% means that kr0.42 for each kr1 in revenue is generated as profit.

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

  • The MRQ is 41.8%. The company is making a huge profit. +2
  • The TTM is 53.0%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ41.8%TTM53.0%-11.2%
TTM53.0%YOY48.0%+5.0%
TTM53.0%5Y48.4%+4.6%
5Y48.4%10Y48.4%0.0%
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ41.8%9.8%+32.0%
TTM53.0%10.0%+43.0%
YOY48.0%14.6%+33.4%
5Y48.4%13.0%+35.4%
10Y48.4%12.5%+35.9%
1.1.2. Return on Assets

Shows how efficient Nordnet AB is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Nordnet AB to the Capital Markets industry mean.
  • 0.3% Return on Assets means that Nordnet AB generated kr0.00 profit for each $1 in assets.

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

  • The MRQ is 0.3%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.3%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.3%TTM0.3%0.0%
TTM0.3%YOY0.2%+0.1%
TTM0.3%5Y0.2%+0.1%
5Y0.2%10Y0.2%0.0%
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3%0.3%0.0%
TTM0.3%0.3%0.0%
YOY0.2%0.4%-0.2%
5Y0.2%0.4%-0.2%
10Y0.2%0.4%-0.2%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Nordnet AB to the Capital Markets industry mean.
  • 10.2% Return on Equity means Nordnet AB generated kr0.10 for each kr1 the owners (shareholders) invested.

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

  • The MRQ is 10.2%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 9.5%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ10.2%TTM9.5%+0.6%
TTM9.5%YOY7.0%+2.5%
TTM9.5%5Y8.1%+1.4%
5Y8.1%10Y8.1%0.0%
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ10.2%1.4%+8.8%
TTM9.5%1.5%+8.0%
YOY7.0%2.1%+4.9%
5Y8.1%1.9%+6.2%
10Y8.1%2.0%+6.1%

1.2. Operating Efficiency of Nordnet AB.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Nordnet AB is operating .

  • Measures how much profit Nordnet AB 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 Nordnet AB to the Capital Markets industry mean.
  • An Operating Margin of 58.0% means the company generated kr0.58  for each kr1 in revenue (before taxes).

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

  • The MRQ is 58.0%. The company is operating very efficient. +2
  • The TTM is 66.0%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ58.0%TTM66.0%-8.0%
TTM66.0%YOY47.1%+18.9%
TTM66.0%5Y26.6%+39.4%
5Y26.6%10Y26.6%0.0%
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ58.0%15.5%+42.5%
TTM66.0%12.2%+53.8%
YOY47.1%16.4%+30.7%
5Y26.6%8.3%+18.3%
10Y26.6%8.9%+17.7%
1.2.2. Operating Ratio

Measures how efficient Nordnet AB is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Capital Markets industry mean).
  • An Operation Ratio of 0.42 means that the operating costs are kr0.42 for each kr1 in net sales.

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

  • The MRQ is 0.420. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.538. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.420TTM0.538-0.118
TTM0.538YOY0.325+0.213
TTM0.5385Y0.203+0.335
5Y0.20310Y0.2030.000
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4201.068-0.648
TTM0.5381.000-0.462
YOY0.3250.962-0.637
5Y0.2030.922-0.719
10Y0.2030.879-0.676

1.3. Liquidity of Nordnet AB.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Capital Markets industry mean).
  • A Current Ratio of 0.00 means the company has kr0.00 in assets for each kr1 in short-term debts.

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

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.002-0.002
TTM0.002YOY26.548-26.546
TTM0.0025Y6.482-6.480
5Y6.48210Y6.4820.000
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.116-2.116
TTM0.0021.674-1.672
YOY26.5481.871+24.677
5Y6.4822.053+4.429
10Y6.4822.044+4.438
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Nordnet AB to the Capital Markets industry mean.
  • A Quick Ratio of 0.00 means the company can pay off kr0.00 for each kr1 in debt (using most liquid assets).

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

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.002-0.002
TTM0.002YOY26.614-26.612
TTM0.0025Y6.467-6.465
5Y6.46710Y6.4670.000
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.502-1.502
TTM0.0021.260-1.258
YOY26.6141.311+25.303
5Y6.4671.672+4.795
10Y6.4671.595+4.872

1.4. Solvency of Nordnet AB.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Nordnet AB assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Nordnet AB to Capital Markets industry mean.
  • A Debt to Asset Ratio of 0.97 means that Nordnet AB assets are financed with 97.2% credit (debt) and the remaining percentage (100% - 97.2%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.972. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.974. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.972TTM0.974-0.002
TTM0.974YOY0.973+0.001
TTM0.9745Y0.9740.000
5Y0.97410Y0.9740.000
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9720.631+0.341
TTM0.9740.616+0.358
YOY0.9730.621+0.352
5Y0.9740.608+0.366
10Y0.9740.590+0.384
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Nordnet AB to the Capital Markets industry mean.
  • A Debt to Equity ratio of 3,426.4% means that company has kr34.26 debt for each kr1 in shareholders equity.

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

  • The MRQ is 34.264. The company is unable to pay all its debts with equity. -1
  • The TTM is 31.770. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ34.264TTM31.770+2.494
TTM31.770YOY36.956-5.186
TTM31.7705Y36.378-4.608
5Y36.37810Y36.3780.000
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
MRQ34.2641.638+32.626
TTM31.7701.549+30.221
YOY36.9561.573+35.383
5Y36.3781.517+34.861
10Y36.3781.664+34.714

2. Market Valuation of Nordnet 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 Nordnet AB generates.

  • Above 15 is considered overpriced but always compare Nordnet AB to the Capital Markets industry mean.
  • A PE ratio of 16.81 means the investor is paying kr16.81 for every kr1 in earnings.

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

  • The EOD is 19.306. Based on the earnings, the company is fair priced.
  • The MRQ is 16.810. Based on the earnings, the company is fair priced.
  • The TTM is 15.748. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD19.306MRQ16.810+2.497
MRQ16.810TTM15.748+1.062
TTM15.748YOY24.956-9.208
TTM15.7485Y16.160-0.411
5Y16.16010Y16.1600.000
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
EOD19.3067.718+11.588
MRQ16.8107.035+9.775
TTM15.7486.379+9.369
YOY24.9568.906+16.050
5Y16.16010.214+5.946
10Y16.16011.445+4.715
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 54.216. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The MRQ is 47.204. Based on how much money comes from the company's main activities, the company is fair priced.
  • The TTM is 8.931. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD54.216MRQ47.204+7.012
MRQ47.204TTM8.931+38.273
TTM8.931YOY1.944+6.987
TTM8.9315Y3.936+4.995
5Y3.93610Y3.9360.000
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
EOD54.216-0.518+54.734
MRQ47.204-0.456+47.660
TTM8.931-0.185+9.116
YOY1.9440.014+1.930
5Y3.936-0.489+4.425
10Y3.936-0.228+4.164
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Capital Markets industry mean).
  • A PB ratio of 6.82 means the investor is paying kr6.82 for each kr1 in book value.

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

  • The EOD is 7.838. Based on the equity, the company is overpriced. -1
  • The MRQ is 6.825. Based on the equity, the company is overpriced. -1
  • The TTM is 7.048. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD7.838MRQ6.825+1.014
MRQ6.825TTM7.048-0.223
TTM7.048YOY6.345+0.703
TTM7.0485Y5.328+1.720
5Y5.32810Y5.3280.000
Compared to industry (Capital Markets)
PeriodCompanyIndustry (mean)+/- 
EOD7.8381.035+6.803
MRQ6.8250.973+5.852
TTM7.0480.953+6.095
YOY6.3451.160+5.185
5Y5.3281.296+4.032
10Y5.3281.460+3.868
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Nordnet 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--2.5020.251+897%0.060+4095%1.474+70%1.474+70%
Book Value Per Share--25.05622.411+12%22.872+10%19.824+26%19.824+26%
Current Ratio---0.002-100%26.548-100%6.482-100%6.482-100%
Debt To Asset Ratio--0.9720.9740%0.9730%0.9740%0.9740%
Debt To Equity Ratio--34.26431.770+8%36.956-7%36.378-6%36.378-6%
Dividend Per Share----0%2.759-100%1.234-100%1.234-100%
Eps--2.5432.501+2%1.577+61%1.696+50%1.696+50%
Free Cash Flow Per Share--0.906-12.737+1506%6.294-86%4.616-80%4.616-80%
Free Cash Flow To Equity Per Share--0.923-13.609+1574%4.874-81%4.027-77%4.027-77%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---92.672--------
Intrinsic Value_10Y_min---73.544--------
Intrinsic Value_1Y_max--6.556--------
Intrinsic Value_1Y_min--6.449--------
Intrinsic Value_3Y_max--7.624--------
Intrinsic Value_3Y_min--7.522--------
Intrinsic Value_5Y_max---5.864--------
Intrinsic Value_5Y_min---4.403--------
Market Cap49401277600.000+13%43012314000.00039644902575.000+8%36551034375.000+18%28959701264.706+49%28959701264.706+49%
Net Profit Margin--0.4180.530-21%0.480-13%0.484-14%0.484-14%
Operating Margin--0.5800.660-12%0.471+23%0.266+118%0.266+118%
Operating Ratio--0.4200.538-22%0.325+29%0.203+107%0.203+107%
Pb Ratio7.838+13%6.8257.048-3%6.345+8%5.328+28%5.328+28%
Pe Ratio19.306+13%16.81015.748+7%24.956-33%16.160+4%16.160+4%
Price Per Share196.400+13%171.000157.613+8%145.313+18%115.132+49%115.132+49%
Price To Free Cash Flow Ratio54.216+13%47.2048.931+429%1.944+2328%3.936+1099%3.936+1099%
Price To Total Gains Ratio78.502+13%68.349-7.634+111%29.192+134%25.944+163%25.944+163%
Quick Ratio---0.002-100%26.614-100%6.467-100%6.467-100%
Return On Assets--0.0030.003-2%0.002+53%0.002+30%0.002+30%
Return On Equity--0.1020.095+7%0.070+45%0.081+25%0.081+25%
Total Gains Per Share--2.5020.251+897%2.819-11%2.708-8%2.708-8%
Usd Book Value--592435000.000529887400.000+12%540779650.000+10%468733831.059+26%468733831.059+26%
Usd Book Value Change Per Share--0.2350.024+897%0.006+4095%0.139+70%0.139+70%
Usd Book Value Per Share--2.3552.107+12%2.150+10%1.864+26%1.864+26%
Usd Dividend Per Share----0%0.259-100%0.116-100%0.116-100%
Usd Eps--0.2390.235+2%0.148+61%0.159+50%0.159+50%
Usd Free Cash Flow--21413200.000-301152500.000+1506%148816100.000-86%109146419.059-80%109146419.059-80%
Usd Free Cash Flow Per Share--0.085-1.197+1506%0.592-86%0.434-80%0.434-80%
Usd Free Cash Flow To Equity Per Share--0.087-1.279+1574%0.458-81%0.379-77%0.379-77%
Usd Market Cap4643720094.400+13%4043157516.0003726620842.050+8%3435797231.250+18%2722211918.882+49%2722211918.882+49%
Usd Price Per Share18.462+13%16.07414.816+8%13.659+18%10.822+49%10.822+49%
Usd Profit--60131800.00059819250.000+1%38363750.000+57%40927478.353+47%40927478.353+47%
Usd Revenue--143867000.000114953305.000+25%78701500.000+83%81874011.059+76%81874011.059+76%
Usd Total Gains Per Share--0.2350.024+897%0.265-11%0.255-8%0.255-8%
 EOD+4 -4MRQTTM+24 -9YOY+19 -165Y+18 -1710Y+18 -17

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1519.306
Price to Book Ratio (EOD)Between0-17.838
Net Profit Margin (MRQ)Greater than00.418
Operating Margin (MRQ)Greater than00.580
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.972
Debt to Equity Ratio (MRQ)Less than134.264
Return on Equity (MRQ)Greater than0.150.102
Return on Assets (MRQ)Greater than0.050.003
Total3/10 (30.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.278
Ma 20Greater thanMa 50196.210
Ma 50Greater thanMa 100182.324
Ma 100Greater thanMa 200177.146
OpenGreater thanClose195.600
Total4/5 (80.0%)



Reversals in quarterly reports

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

 2022-12-312023-03-312023-06-302023-09-302023-12-31
Long-term Assets Other  -52,043,50052,042,100-1,400-100-1,500-100-1,600149,938,200149,936,600
Total Other Income Expense Net 1,90020,30022,200-22,10010030130-57,930-57,800



Latest Balance Sheet

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

Summary
Total Assets222,249,700
Total Liabilities215,947,200
Total Stockholder Equity6,302,400
 As reported
Total Liabilities 215,947,200
Total Stockholder Equity+ 6,302,400
Total Assets = 222,249,700

Assets

Total Assets222,249,700
Total Current Assets0
Long-term Assets187,787,700
Total Current Assets
Cash And Cash Equivalents 4,192,900
Net Receivables 69,300
Other Current Assets -4,262,200
Total Current Assets  (as reported)0
Total Current Assets  (calculated)0
+/-0
Long-term Assets
Property Plant Equipment 254,600
Intangible Assets 1,011,600
Other Assets 222,249,700
Long-term Assets  (as reported)187,787,700
Long-term Assets  (calculated)223,515,900
+/- 35,728,200

Liabilities & Shareholders' Equity

Total Current Liabilities0
Long-term Liabilities215,947,200
Total Stockholder Equity6,302,400
Total Current Liabilities
Total Current Liabilities  (as reported)0
Total Current Liabilities  (calculated)0
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)215,947,200
Long-term Liabilities  (calculated)0
+/- 215,947,200
Total Stockholder Equity
Common Stock1,300
Retained Earnings -893,800
Other Stockholders Equity 7,194,900
Total Stockholder Equity (as reported)6,302,400
Total Stockholder Equity (calculated)6,302,400
+/-0
Other
Cash and Short Term Investments 4,192,900
Common Stock Shares Outstanding 250,648
Liabilities and Stockholders Equity 222,249,700
Net Debt -2,792,900
Short Long Term Debt Total 1,400,000



Balance Sheet

All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-31
> Total Assets 
115,603,323
133,614,300
138,634,000
150,726,000
167,993,051
186,194,900
198,695,400
212,705,500
232,544,159
230,085,100
213,087,200
217,947,700
206,907,800
212,610,700
219,691,300
215,006,200
222,249,700
222,249,700215,006,200219,691,300212,610,700206,907,800217,947,700213,087,200230,085,100232,544,159212,705,500198,695,400186,194,900167,993,051150,726,000138,634,000133,614,300115,603,323
   > Total Current Assets 
20,379,601
28,941,600
25,190,300
21,492,900
31,368,552
27,533,700
28,814,400
32,101,600
34,215,785
33,677,300
5,727,100
8,753,100
6,145,600
1,832,300
545,700
1,306,800
0
01,306,800545,7001,832,3006,145,6008,753,1005,727,10033,677,30034,215,78532,101,60028,814,40027,533,70031,368,55221,492,90025,190,30028,941,60020,379,601
       Cash And Cash Equivalents 
409,538
3,667,200
2,192,000
1,540,900
3,100,458
3,279,800
3,315,400
5,271,000
4,249,838
4,437,800
5,727,100
8,753,100
3,726,500
1,832,300
545,700
1,306,800
4,192,900
4,192,9001,306,800545,7001,832,3003,726,5008,753,1005,727,1004,437,8004,249,8385,271,0003,315,4003,279,8003,100,4581,540,9002,192,0003,667,200409,538
       Net Receivables 
19,814,962
24,520,800
22,223,100
19,164,900
27,552,682
23,299,600
24,639,900
25,792,900
29,207,021
28,352,900
28,844,200
28,947,600
2,419,100
54,400
44,500
42,600
69,300
69,30042,60044,50054,4002,419,10028,947,60028,844,20028,352,90029,207,02125,792,90024,639,90023,299,60027,552,68219,164,90022,223,10024,520,80019,814,962
       Other Current Assets 
155,101
450,600
380,100
602,600
430,859
881,500
339,500
896,800
491,151
802,900
829,400
739,200
445,300
-1,886,700
-590,200
-1,349,400
-4,262,200
-4,262,200-1,349,400-590,200-1,886,700445,300739,200829,400802,900491,151896,800339,500881,500430,859602,600380,100450,600155,101
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
50,608,100
49,179,600
52,043,500
44,317,600
43,171,610
40,026,000
187,787,700
187,787,70040,026,00043,171,61044,317,60052,043,50049,179,60050,608,1000000000000
       Property Plant Equipment 
306,824
312,200
298,900
287,300
272,943
278,100
272,100
275,600
285,322
270,900
257,200
244,800
244,000
236,700
227,100
252,400
254,600
254,600252,400227,100236,700244,000244,800257,200270,900285,322275,600272,100278,100272,943287,300298,900312,200306,824
       Goodwill 
429,193
0
0
0
408,314
0
0
0
422,620
0
0
0
429,100
0
0
0
0
0000429,100000422,620000408,314000429,193
       Long Term Investments 
23,606,122
40,600,800
35,033,000
33,190,800
32,623,313
33,852,900
35,555,400
39,812,100
44,686,161
48,872,700
49,412,900
47,987,800
50,832,000
43,124,600
41,967,210
38,774,500
0
038,774,50041,967,21043,124,60050,832,00047,987,80049,412,90048,872,70044,686,16139,812,10035,555,40033,852,90032,623,31333,190,80035,033,00040,600,80023,606,122
       Intangible Assets 
487,907
0
0
0
458,496
0
0
0
498,062
0
0
0
538,400
956,300
977,300
999,100
1,011,600
1,011,600999,100977,300956,300538,400000498,062000458,496000487,907
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
-50,608,100
-49,179,600
-52,043,500
-1,400
-1,500
-1,600
149,936,600
149,936,600-1,600-1,500-1,400-52,043,500-49,179,600-50,608,1000000000000
> Total Liabilities 
112,545,541
130,321,200
135,037,300
146,845,300
163,781,322
181,297,900
193,757,500
207,359,800
226,554,058
223,689,100
207,982,600
212,486,500
200,857,700
207,056,900
214,672,400
209,333,000
215,947,200
215,947,200209,333,000214,672,400207,056,900200,857,700212,486,500207,982,600223,689,100226,554,058207,359,800193,757,500181,297,900163,781,322146,845,300135,037,300130,321,200112,545,541
   > Total Current Liabilities 
42,208,238
67,359,300
52,400,700
51,771,200
60,868,521
56,208,100
57,665,400
61,292,500
219,771,516
211,789,400
196,233,600
201,640,100
58,000
0
0
200,554,800
0
0200,554,8000058,000201,640,100196,233,600211,789,400219,771,51661,292,50057,665,40056,208,10060,868,52151,771,20052,400,70067,359,30042,208,238
       Accounts payable 
34,430
0
0
0
50,057
0
0
0
31,374
0
0
0
58,000
0
0
0
0
000058,00000031,37400050,05700034,430
       Other Current Liabilities 
3,391,025
11,677,000
243,000
234,000
7,926,626
510,000
554,200
516,400
155,156,449
143,993,100
124,800,100
127,553,300
-58,000
0
0
140,085,200
0
0140,085,20000-58,000127,553,300124,800,100143,993,100155,156,449516,400554,200510,0007,926,626234,000243,00011,677,0003,391,025
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
163,600
207,056,900
214,672,400
209,333,000
215,947,200
215,947,200209,333,000214,672,400207,056,900163,600000000000000
       Deferred Long Term Liability 
196,734
0
0
0
228,746
0
0
0
0
0
0
0
339,000
0
0
0
0
0000339,0000000000228,746000196,734
> Total Stockholder Equity
3,057,782
3,293,100
3,596,700
3,880,700
4,211,729
4,897,000
4,937,900
5,345,700
5,990,101
6,396,000
5,104,600
5,461,200
6,050,100
6,953,800
6,418,900
7,073,100
6,302,400
6,302,4007,073,1006,418,9006,953,8006,050,1005,461,2005,104,6006,396,0005,990,1015,345,7004,937,9004,897,0004,211,7293,880,7003,596,7003,293,1003,057,782
   Common Stock
1,039
1,000
1,000
1,200
1,250
1,200
1,200
1,200
1,250
1,200
1,200
1,200
1,200
1,200
1,200
1,200
1,300
1,3001,2001,2001,2001,2001,2001,2001,2001,2501,2001,2001,2001,2501,2001,0001,0001,039
   Retained Earnings Total Equity00000000000000000
   Accumulated Other Comprehensive Income 0-113,700-143,400-181,3000000000000000
   Capital Surplus 00000000000000000
   Treasury Stock00000000000000000
   Other Stockholders Equity 
-76,142
-133,500
-123,300
-108,200
-100,355
-72,500
-85,900
-79,000
-61,383
-85,500
7,958,500
7,931,100
8,025,500
8,304,400
8,351,600
8,381,300
7,194,900
7,194,9008,381,3008,351,6008,304,4008,025,5007,931,1007,958,500-85,500-61,383-79,000-85,900-72,500-100,355-108,200-123,300-133,500-76,142



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 (+$)
totalRevenue5,811,000
Cost of Revenue-1,287,900
Gross Profit4,523,1004,523,100
 
Operating Income (+$)
Gross Profit4,523,100
Operating Expense-1,120,200
Operating Income3,402,9003,402,900
 
Operating Expense (+$)
Research Development0
Selling General Administrative242,500
Selling And Marketing Expenses0
Operating Expense1,120,200242,500
 
Net Interest Income (+$)
Interest Income2,781,600
Interest Expense-152,200
Other Finance Cost-183,300
Net Interest Income2,446,100
 
Pretax Income (+$)
Operating Income3,402,900
Net Interest Income2,446,100
Other Non-Operating Income Expenses0
Income Before Tax (EBT)3,160,4003,645,400
EBIT - interestExpense = 3,250,700
3,038,800
2,609,400
Interest Expense152,200
Earnings Before Interest and Taxes (EBIT)3,402,9003,312,600
Earnings Before Interest and Taxes (EBITDA)3,582,400
 
After tax Income (+$)
Income Before Tax3,160,400
Tax Provision-532,800
Net Income From Continuing Ops2,420,0002,627,600
Net Income2,457,200
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses2,487,700
Total Other Income/Expenses Net-242,500-2,446,100
 

Technical Analysis of Nordnet AB
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 Nordnet AB. The general trend of Nordnet AB 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 Nordnet AB'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 Nordnet AB.

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: 204.60.

The bearish price targets are: 190.60 > 186.40 > 168.40.

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Nordnet 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 Nordnet AB. 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

Nordnet 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 Nordnet AB. The current macd is 3.49424612.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Nordnet AB price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Nordnet AB. 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 Nordnet AB 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 down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Nordnet AB Daily Moving Average Convergence/Divergence (MACD) ChartNordnet 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 Nordnet AB. The current adx is 29.45.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-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 Nordnet AB shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Nordnet 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 Nordnet AB. The current sar is 192.66.

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
Nordnet 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 Nordnet AB. The current rsi is 56.28. The current phase is Continuation in bull market.

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

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Nordnet AB Daily Relative Strength Index (RSI) ChartNordnet 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 Nordnet AB. The current phase is Correction in bull market.

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

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Nordnet AB price going down in the near term. -2
  • Trending up: The STOCH %K is trending up. +1
Nordnet AB Daily Stochastic Oscillator ChartNordnet 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 Nordnet AB. The current cci is 19.75.

Nordnet AB Daily Commodity Channel Index (CCI) ChartNordnet 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 Nordnet AB. The current cmo is 6.30838949.

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
Nordnet AB Daily Chande Momentum Oscillator (CMO) ChartNordnet 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 Nordnet AB. The current willr is -58.99280576.

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

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

Nordnet 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 Nordnet AB. The current atr is 4.77164478.

Nordnet AB Daily Average True Range (ATR) ChartNordnet 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 Nordnet AB. The current obv is -393,400.

Nordnet AB Daily On-Balance Volume (OBV) ChartNordnet 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 Nordnet AB. The current mfi is 38.82.

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

  • MFI < 50: -1
Nordnet AB Daily Money Flow Index (MFI) ChartNordnet AB Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Nordnet 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
2023-11-09STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-10RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-20RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-28CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-30CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-01CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-04STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-05STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-07WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-08CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR 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).
2023-12-19WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-02DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-03CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-08STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-11CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-15STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-17CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-18STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-23RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-31DMI 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.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-02CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-05BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-06MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-08MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-09STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-12ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-14RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-16MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-20RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-01CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-04BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-05RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-13SAR 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
2024-03-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-22CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-25CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Nordnet AB Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.278
Ma 20Greater thanMa 50196.210
Ma 50Greater thanMa 100182.324
Ma 100Greater thanMa 200177.146
OpenGreater thanClose195.600
Total4/5 (80.0%)
Penke

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