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Sparebanken Sor
Buy, Hold or Sell?

Let's analyse Sor together

PenkeI guess you are interested in Sparebanken Sor. 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 Sparebanken Sor. 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 Sor (30 sec.)










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

How much money do you get?

How much money do you get?
kr0.18
When do you have the money?
1 year
How often do you get paid?
75.0%

What is your share worth?

Current worth
kr403.00
Expected worth in 1 year
kr427.48
How sure are you?
95.0%

+ What do you gain per year?

Total Gains per Share
kr26.38
Return On Investment
19.0%

For what price can you sell your share?

Current Price per Share
kr139.00
Expected price per share
kr130.89 - kr
How sure are you?
50%

1. Valuation of Sor (5 min.)




Live pricePrice per Share (EOD)

kr139.00

Intrinsic Value Per Share

kr-275.79 - kr3,534.61

Total Value Per Share

kr127.22 - kr3,937.61

2. Growth of Sor (5 min.)




Is Sor growing?

Current yearPrevious yearGrowGrow %
How rich?$1.5b$1.4b$82.6m5.5%

How much money is Sor making?

Current yearPrevious yearGrowGrow %
Making money$41m$29.7m$11.3m27.6%
Net Profit Margin51.2%46.6%--

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

3. Financial Health of Sor (5 min.)




4. Comparing to competitors in the Banks - Regional industry (5 min.)




  Industry Rankings (Banks - Regional)  

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

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

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

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

Speculation

The Price per Share of Sor is kr139.00. 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 Sor.
  • 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 Sor, 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 kr403.00. Based on the TTM, the Book Value Change Per Share is kr6.12 per quarter. Based on the YOY, the Book Value Change Per Share is kr59.92 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 kr0.47 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Sor.

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 Eps0.950.7%0.530.4%0.240.2%0.210.2%0.350.3%
Usd Book Value Change Per Share0.650.5%0.570.4%5.554.0%0.550.4%0.760.5%
Usd Dividend Per Share0.050.0%0.040.0%0.100.1%0.080.1%0.060.0%
Usd Total Gains Per Share0.690.5%0.610.4%5.654.1%0.630.5%0.820.6%
Usd Price Per Share13.33-12.18-12.50-11.11-11.36-
Price to Earnings Ratio3.50-6.49-18.23-22.45-14.82-
Price-to-Total Gains Ratio19.19-26.62-18.49-35.70-33.09-
Price to Book Ratio0.36-0.34-0.37-0.38-0.50-
Price-to-Total Gains Ratio19.19-26.62-18.49-35.70-33.09-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share12.8714
Number of shares77
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.040.08
Usd Book Value Change Per Share0.570.55
Usd Total Gains Per Share0.610.63
Gains per Quarter (77 shares)47.0248.17
Gains per Year (77 shares)188.10192.67
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
11417517824168183
22734936649337376
34152455473505569
45469874297673762
568873930122842955
6811047111814610101148
7951222130617011791341
81081397149419413471534
91221571168221915151727
101351746187024316841920

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%48.00.00.0100.0%
Book Value Change Per Share4.00.00.0100.0%11.01.00.091.7%19.01.00.095.0%38.02.00.095.0%43.02.03.089.6%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%30.00.010.075.0%30.00.018.062.5%
Total Gains per Share4.00.00.0100.0%11.01.00.091.7%19.01.00.095.0%38.02.00.095.0%43.02.03.089.6%

Fundamentals of Sor

About Sparebanken Sor

Sparebanken Sør operates as an independent financial institution in Norway. It operates through two segments, Retail Market and Corporate Market. The company is involved in banking, securities trading, and real estate brokerage activities in Agder, Rogaland, Vestfold, and Telemark counties. It also provides leasing, mortgage, and property management services; and sells general insurance, occupational pension, and group life insurance products. The company was founded in 1824 and is headquartered in Kristiansand, Norway. Sparebanken Sør operates as a subsidiary of Sparebankstiftelsen Sparebanken Sør.

Fundamental data was last updated by Penke on 2024-03-09 08:20:05.

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 inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
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 cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Sparebanken Sor.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Sor to the Banks - Regional industry mean.
  • A Net Profit Margin of 47.0% means that kr0.47 for each kr1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Sparebanken Sor:

  • The MRQ is 47.0%. The company is making a huge profit. +2
  • The TTM is 51.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ47.0%TTM51.2%-4.3%
TTM51.2%YOY46.6%+4.6%
TTM51.2%5Y49.0%+2.2%
5Y49.0%10Y46.1%+2.9%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ47.0%18.4%+28.6%
TTM51.2%28.0%+23.2%
YOY46.6%25.2%+21.4%
5Y49.0%22.8%+26.2%
10Y46.1%19.8%+26.3%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Sor to the Banks - Regional industry mean.
  • 0.3% Return on Assets means that Sor generated kr0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Sparebanken Sor:

  • 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 (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3%0.1%+0.2%
TTM0.3%0.2%+0.1%
YOY0.2%0.2%+0.0%
5Y0.2%0.2%+0.0%
10Y0.2%0.2%+0.0%
1.1.3. Return on Equity

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

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

Let's take a look of the Return on Equity trends of Sparebanken Sor:

  • The MRQ is 2.5%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.7%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.5%TTM2.7%-0.2%
TTM2.7%YOY2.1%+0.6%
TTM2.7%5Y2.2%+0.5%
5Y2.2%10Y2.3%-0.1%
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ2.5%1.4%+1.1%
TTM2.7%2.5%+0.2%
YOY2.1%2.7%-0.6%
5Y2.2%2.5%-0.3%
10Y2.3%2.8%-0.5%

1.2. Operating Efficiency of Sparebanken Sor.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Sor is operating .

  • Measures how much profit Sor 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 Sor to the Banks - Regional industry mean.
  • An Operating Margin of 0.0% means the company generated kr0.00  for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Sparebanken Sor:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY29.5%-29.5%
TTM-5Y79.3%-79.3%
5Y79.3%10Y106.9%-27.6%
1.2.2. Operating Ratio

Measures how efficient Sor is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Banks - Regional industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are kr0.00 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of Sparebanken Sor:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY0.111-0.111
TTM-5Y0.271-0.271
5Y0.27110Y0.343-0.072

1.3. Liquidity of Sparebanken Sor.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Banks - Regional 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 Sparebanken Sor:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.010-0.010
TTM0.010YOY0.117-0.107
TTM0.0105Y1.058-1.048
5Y1.05810Y0.529+0.529
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
TTM0.0100.124-0.114
YOY0.1170.225-0.108
5Y1.0580.219+0.839
10Y0.5290.131+0.398
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Sor to the Banks - Regional 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 Sparebanken Sor:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY0.003-0.003
TTM-5Y0.014-0.014
5Y0.01410Y0.007+0.007

1.4. Solvency of Sparebanken Sor.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Sor to Banks - Regional industry mean.
  • A Debt to Asset Ratio of 0.89 means that Sor assets are financed with 89.4% credit (debt) and the remaining percentage (100% - 89.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Sparebanken Sor:

  • The MRQ is 0.894. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.897. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.894TTM0.897-0.003
TTM0.897YOY0.899-0.002
TTM0.8975Y0.900-0.004
5Y0.90010Y0.907-0.007
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8940.915-0.021
TTM0.8970.917-0.020
YOY0.8990.919-0.020
5Y0.9000.919-0.019
10Y0.9070.927-0.020
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Sor to the Banks - Regional industry mean.
  • A Debt to Equity ratio of 839.7% means that company has kr8.40 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Sparebanken Sor:

  • The MRQ is 8.397. The company is unable to pay all its debts with equity. -1
  • The TTM is 8.682. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ8.397TTM8.682-0.285
TTM8.682YOY8.877-0.194
TTM8.6825Y9.037-0.355
5Y9.03710Y9.880-0.842
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
MRQ8.39710.829-2.432
TTM8.68211.013-2.331
YOY8.87711.363-2.486
5Y9.03711.437-2.400
10Y9.88013.038-3.158

2. Market Valuation of Sparebanken Sor

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 Sor generates.

  • Above 15 is considered overpriced but always compare Sor to the Banks - Regional industry mean.
  • A PE ratio of 3.50 means the investor is paying kr3.50 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Sparebanken Sor:

  • The EOD is 3.383. Based on the earnings, the company is cheap. +2
  • The MRQ is 3.505. Based on the earnings, the company is cheap. +2
  • The TTM is 6.493. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD3.383MRQ3.505-0.122
MRQ3.505TTM6.493-2.988
TTM6.493YOY18.234-11.741
TTM6.4935Y22.450-15.957
5Y22.45010Y14.824+7.626
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD3.3837.398-4.015
MRQ3.5056.680-3.175
TTM6.4935.295+1.198
YOY18.2346.943+11.291
5Y22.4509.770+12.680
10Y14.8249.943+4.881
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is -3.585. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -3.713. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -0.710. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-3.585MRQ-3.713+0.129
MRQ-3.713TTM-0.710-3.004
TTM-0.710YOY-0.804+0.095
TTM-0.7105Y-0.313-0.397
5Y-0.31310Y-0.097-0.215
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD-3.585-2.069-1.516
MRQ-3.713-1.868-1.845
TTM-0.710-0.342-0.368
YOY-0.8046.448-7.252
5Y-0.3130.429-0.742
10Y-0.0970.091-0.188
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
  • A PB ratio of 0.36 means the investor is paying kr0.36 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of Sparebanken Sor:

  • The EOD is 0.345. Based on the equity, the company is cheap. +2
  • The MRQ is 0.357. Based on the equity, the company is cheap. +2
  • The TTM is 0.336. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.345MRQ0.357-0.012
MRQ0.357TTM0.336+0.021
TTM0.336YOY0.365-0.029
TTM0.3365Y0.377-0.042
5Y0.37710Y0.498-0.121
Compared to industry (Banks - Regional)
PeriodCompanyIndustry (mean)+/- 
EOD0.3450.427-0.082
MRQ0.3570.386-0.029
TTM0.3360.470-0.134
YOY0.3650.642-0.277
5Y0.3770.795-0.418
10Y0.4981.025-0.527
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Sparebanken Sor 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--6.9766.121+14%59.917-88%5.903+18%8.205-15%
Book Value Per Share--403.002391.386+3%370.149+9%335.369+20%278.614+45%
Current Ratio---0.010-100%0.117-100%1.058-100%0.529-100%
Debt To Asset Ratio--0.8940.8970%0.899-1%0.900-1%0.907-1%
Debt To Equity Ratio--8.3978.682-3%8.877-5%9.037-7%9.880-15%
Dividend Per Share--0.5290.475+12%1.088-51%0.852-38%0.614-14%
Eps--10.2725.756+78%2.595+296%2.296+347%3.807+170%
Free Cash Flow Per Share---9.69414.272-168%-20.020+107%-4.488-54%-7.589-22%
Free Cash Flow To Equity Per Share---9.694-41.707+330%37.928-126%7.798-224%4.727-305%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--3534.610--------
Intrinsic Value_10Y_min---275.785--------
Intrinsic Value_1Y_max--37.067--------
Intrinsic Value_1Y_min---30.087--------
Intrinsic Value_3Y_max--353.059--------
Intrinsic Value_3Y_min---88.812--------
Intrinsic Value_5Y_max--960.431--------
Intrinsic Value_5Y_min---145.346--------
Market Cap5778299500.000-4%5986153296.0005473189529.000+9%5615425826.250+7%5469460583.550+9%5340318931.470+12%
Net Profit Margin--0.4700.512-8%0.466+1%0.490-4%0.461+2%
Operating Margin----0%0.295-100%0.793-100%1.069-100%
Operating Ratio----0%0.111-100%0.271-100%0.343-100%
Pb Ratio0.345-4%0.3570.336+6%0.365-2%0.377-5%0.498-28%
Pe Ratio3.383-4%3.5056.493-46%18.234-81%22.450-84%14.824-76%
Price Per Share139.000-4%144.000131.500+10%135.000+7%119.925+20%122.641+17%
Price To Free Cash Flow Ratio-3.585+3%-3.713-0.710-81%-0.804-78%-0.313-92%-0.097-97%
Price To Total Gains Ratio18.520-4%19.18626.616-28%18.486+4%35.698-46%33.094-42%
Quick Ratio----0%0.003-100%0.014-100%0.007-100%
Return On Assets--0.0030.003-4%0.002+29%0.002+21%0.002+25%
Return On Equity--0.0250.027-6%0.021+23%0.022+14%0.023+9%
Total Gains Per Share--7.5056.595+14%61.006-88%6.756+11%8.819-15%
Usd Book Value--1551327800.0001508477150.000+3%1425785350.000+9%1333990970.000+16%1094013440.000+42%
Usd Book Value Change Per Share--0.6460.567+14%5.548-88%0.547+18%0.760-15%
Usd Book Value Per Share--37.31836.242+3%34.276+9%31.055+20%25.800+45%
Usd Dividend Per Share--0.0490.044+12%0.101-51%0.079-38%0.057-14%
Usd Eps--0.9510.533+78%0.240+296%0.213+347%0.352+170%
Usd Free Cash Flow---37317800.00055212750.000-168%-77089500.000+107%-24353800.000-35%-32752620.000-12%
Usd Free Cash Flow Per Share---0.8981.322-168%-1.854+107%-0.416-54%-0.703-22%
Usd Free Cash Flow To Equity Per Share---0.898-3.862+330%3.512-126%0.722-224%0.438-305%
Usd Market Cap535070533.700-4%554317795.210506817350.385+9%519988431.511+7%506472050.037+9%494513533.054+12%
Usd Price Per Share12.871-4%13.33412.177+10%12.501+7%11.105+20%11.357+17%
Usd Profit--39540200.00041021800.000-4%29701450.000+33%30085740.000+31%25277485.000+56%
Usd Revenue--84173400.00080423100.000+5%62921700.000+34%61000250.000+38%53742725.000+57%
Usd Total Gains Per Share--0.6950.611+14%5.649-88%0.626+11%0.817-15%
 EOD+3 -5MRQTTM+21 -11YOY+23 -125Y+22 -1310Y+19 -16

3.2. Fundamental Score

Let's check the fundamental score of Sparebanken Sor based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-153.383
Price to Book Ratio (EOD)Between0-10.345
Net Profit Margin (MRQ)Greater than00.470
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.894
Debt to Equity Ratio (MRQ)Less than18.397
Return on Equity (MRQ)Greater than0.150.025
Return on Assets (MRQ)Greater than0.050.003
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Sparebanken Sor based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5062.172
Ma 20Greater thanMa 50136.002
Ma 50Greater thanMa 100135.118
Ma 100Greater thanMa 200130.489
OpenGreater thanClose139.500
Total5/5 (100.0%)



Latest Balance Sheet

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

Summary
Total Assets157,407,000
Total Liabilities140,654,000
Total Stockholder Equity16,750,000
 As reported
Total Liabilities 140,654,000
Total Stockholder Equity+ 16,750,000
Total Assets = 157,407,000

Assets

Total Assets157,407,000
Total Current Assets0
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 604,000
Total Current Assets  (as reported)0
Total Current Assets  (calculated)604,000
+/- 604,000
Long-term Assets
Property Plant Equipment 527,000
Long Term Investments 27,930,000
Intangible Assets 114,000
Long-term Assets  (as reported)0
Long-term Assets  (calculated)28,571,000
+/- 28,571,000

Liabilities & Shareholders' Equity

Total Current Liabilities0
Long-term Liabilities0
Total Stockholder Equity16,750,000
Total Current Liabilities
Accounts payable 212,000
Total Current Liabilities  (as reported)0
Total Current Liabilities  (calculated)212,000
+/- 212,000
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Total Stockholder Equity (as reported)16,750,000
Total Stockholder Equity (calculated)0
+/- 16,750,000
Other
Capital Stock2,079,000
Common Stock Shares Outstanding 41,571
Net Debt 65,060,000
Net Invested Capital 82,414,000
Property Plant and Equipment Gross 849,000



Balance Sheet

Currency in NOK. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-31
> Total Assets 
0
0
0
44,122,000
43,741,000
44,637,000
44,474,000
45,760,000
93,691,000
96,233,000
93,320,000
94,062,000
96,071,000
98,715,000
99,429,000
101,334,000
104,521,000
106,617,000
105,248,000
105,455,000
105,895,000
110,907,000
111,315,000
114,310,000
116,319,000
118,479,000
121,702,000
121,125,000
123,873,000
125,697,000
125,836,000
129,499,000
142,001,000
141,566,000
146,227,000
142,126,000
139,047,000
140,413,000
145,431,000
144,182,000
148,072,000
151,803,000
150,879,000
157,435,000
154,406,000
160,610,000
158,238,000
157,407,000
157,407,000158,238,000160,610,000154,406,000157,435,000150,879,000151,803,000148,072,000144,182,000145,431,000140,413,000139,047,000142,126,000146,227,000141,566,000142,001,000129,499,000125,836,000125,697,000123,873,000121,125,000121,702,000118,479,000116,319,000114,310,000111,315,000110,907,000105,895,000105,455,000105,248,000106,617,000104,521,000101,334,00099,429,00098,715,00096,071,00094,062,00093,320,00096,233,00093,691,00045,760,00044,474,00044,637,00043,741,00044,122,000000
   > Total Current Assets 
0
0
0
0
0
0
0
0
79,972,000
82,036,000
80,446,000
81,817,000
83,033,000
85,064,000
86,475,000
88,972,000
90,940,000
91,826,000
90,960,000
91,992,000
93,376,000
96,013,000
97,065,000
99,046,000
99,670,000
101,714,000
104,133,000
104,519,000
104,762,000
106,327,000
106,771,000
107,182,000
114,840,000
113,958,000
116,545,000
115,360,000
114,919,000
118,087,000
123,539,000
23,963,000
1,668,000
1,915,000
3,091,000
25,443,000
0
0
2,914,000
0
02,914,0000025,443,0003,091,0001,915,0001,668,00023,963,000123,539,000118,087,000114,919,000115,360,000116,545,000113,958,000114,840,000107,182,000106,771,000106,327,000104,762,000104,519,000104,133,000101,714,00099,670,00099,046,00097,065,00096,013,00093,376,00091,992,00090,960,00091,826,00090,940,00088,972,00086,475,00085,064,00083,033,00081,817,00080,446,00082,036,00079,972,00000000000
       Cash And Cash Equivalents 
0
0
0
475,000
511,000
580,000
528,000
1,340,000
801,000
1,950,000
465,000
595,000
391,000
894,000
816,000
332,000
1,377,000
1,307,000
538,000
797,000
420,000
1,011,000
752,000
1,143,000
606,000
803,000
518,000
1,288,000
486,000
1,021,000
742,000
462,000
4,708,000
2,599,000
629,000
1,148,000
802,000
800,000
799,000
437,000
620,000
389,000
1,363,000
590,000
471,000
734,000
610,000
604,000
604,000610,000734,000471,000590,0001,363,000389,000620,000437,000799,000800,000802,0001,148,000629,0002,599,0004,708,000462,000742,0001,021,000486,0001,288,000518,000803,000606,0001,143,000752,0001,011,000420,000797,000538,0001,307,0001,377,000332,000816,000894,000391,000595,000465,0001,950,000801,0001,340,000528,000580,000511,000475,000000
       Net Receivables 
0
0
0
194,000
199,000
244,000
186,000
0
0
0
0
168,000
0
0
0
147,000
0
0
0
155,000
0
0
0
175,000
0
180,000
178,000
173,000
189,000
206,000
205,000
222,000
217,000
155,000
148,000
147,000
150,000
143,000
144,000
167,000
192,000
0
0
0
0
0
0
0
0000000192,000167,000144,000143,000150,000147,000148,000155,000217,000222,000205,000206,000189,000173,000178,000180,0000175,000000155,000000147,000000168,0000000186,000244,000199,000194,000000
       Other Current Assets 
0
0
0
0
0
0
0
0
79,171,000
80,086,000
79,981,000
81,054,000
82,642,000
84,170,000
85,659,000
88,493,000
89,563,000
90,519,000
90,422,000
91,040,000
92,956,000
95,002,000
96,313,000
97,728,000
99,064,000
100,731,000
103,437,000
103,058,000
104,087,000
105,100,000
105,824,000
106,498,000
109,915,000
111,204,000
115,768,000
114,065,000
113,967,000
117,144,000
122,596,000
16,944,000
192,000
210,000
257,000
15,898,000
0
0
0
0
000015,898,000257,000210,000192,00016,944,000122,596,000117,144,000113,967,000114,065,000115,768,000111,204,000109,915,000106,498,000105,824,000105,100,000104,087,000103,058,000103,437,000100,731,00099,064,00097,728,00096,313,00095,002,00092,956,00091,040,00090,422,00090,519,00089,563,00088,493,00085,659,00084,170,00082,642,00081,054,00079,981,00080,086,00079,171,00000000000
   > Long-term Assets 
0
0
0
0
0
0
0
0
13,719,000
14,197,000
12,874,000
12,245,000
13,038,000
13,651,000
12,954,000
12,362,000
13,581,000
14,791,000
14,288,000
13,463,000
12,519,000
14,894,000
14,250,000
15,264,000
16,649,000
16,765,000
17,569,000
16,606,000
19,111,000
19,370,000
19,065,000
22,317,000
27,161,000
27,608,000
29,682,000
26,766,000
24,128,000
22,326,000
21,892,000
25,086,000
24,001,000
0
0
0
0
0
0
0
000000024,001,00025,086,00021,892,00022,326,00024,128,00026,766,00029,682,00027,608,00027,161,00022,317,00019,065,00019,370,00019,111,00016,606,00017,569,00016,765,00016,649,00015,264,00014,250,00014,894,00012,519,00013,463,00014,288,00014,791,00013,581,00012,362,00012,954,00013,651,00013,038,00012,245,00012,874,00014,197,00013,719,00000000000
       Property Plant Equipment 
0
0
0
271,000
269,000
269,000
266,000
265,000
696,000
667,000
682,000
503,000
501,000
555,000
492,000
479,000
469,000
471,000
473,000
472,000
465,000
466,000
451,000
416,000
407,000
421,000
421,000
413,000
459,000
461,000
475,000
459,000
462,000
463,000
473,000
461,000
456,000
455,000
454,000
462,000
456,000
449,000
456,000
458,000
467,000
490,000
481,000
527,000
527,000481,000490,000467,000458,000456,000449,000456,000462,000454,000455,000456,000461,000473,000463,000462,000459,000475,000461,000459,000413,000421,000421,000407,000416,000451,000466,000465,000472,000473,000471,000469,000479,000492,000555,000501,000503,000682,000667,000696,000265,000266,000269,000269,000271,000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
18,627,000
18,878,000
18,557,000
21,831,000
26,669,000
27,110,000
29,161,000
26,258,000
23,621,000
21,816,000
21,379,000
24,560,000
23,478,000
26,380,000
24,957,000
25,958,000
26,343,000
27,067,000
28,466,000
27,930,000
27,930,00028,466,00027,067,00026,343,00025,958,00024,957,00026,380,00023,478,00024,560,00021,379,00021,816,00023,621,00026,258,00029,161,00027,110,00026,669,00021,831,00018,557,00018,878,00018,627,0000000000000000000000000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
0
0
20,000
0
0
0
13,000
0
0
0
21,000
0
0
0
15,000
0
0
0
22,000
6,000
31,000
33,000
27,000
0
0
48,000
47,000
51,000
55,000
59,000
64,000
67,000
69,000
75,000
80,000
86,000
95,000
103,000
114,000
114,000103,00095,00086,00080,00075,00069,00067,00064,00059,00055,00051,00047,00048,0000027,00033,00031,0006,00022,00000015,00000021,00000013,00000020,00000000000000
       Earning Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
22,730,000
21,709,000
20,838,000
19,131,000
18,755,000
22,255,000
0
0
0
0
0
0
0
0
0000000022,255,00018,755,00019,131,00020,838,00021,709,00022,730,0000000000000000000000000000000000000
       Other Assets 
0
0
0
44,122,000
43,741,000
44,637,000
44,474,000
45,760,000
107,410,000
110,430,000
106,194,000
106,307,000
109,109,000
112,366,000
112,383,000
113,696,000
118,102,000
121,408,000
119,536,000
118,918,000
118,414,000
125,801,000
125,565,000
129,574,000
132,968,000
135,244,000
139,271,000
137,731,000
142,984,000
145,067,000
144,901,000
151,816,000
169,162,000
169,174,000
175,909,000
168,892,000
163,175,000
162,739,000
167,323,000
169,268,000
172,073,000
124,306,000
123,771,000
130,017,000
0
0
128,578,000
0
0128,578,00000130,017,000123,771,000124,306,000172,073,000169,268,000167,323,000162,739,000163,175,000168,892,000175,909,000169,174,000169,162,000151,816,000144,901,000145,067,000142,984,000137,731,000139,271,000135,244,000132,968,000129,574,000125,565,000125,801,000118,414,000118,918,000119,536,000121,408,000118,102,000113,696,000112,383,000112,366,000109,109,000106,307,000106,194,000110,430,000107,410,00045,760,00044,474,00044,637,00043,741,00044,122,000000
> Total Liabilities 
0
0
0
41,270,000
40,854,000
41,673,000
41,431,000
42,650,000
86,816,000
89,199,000
86,230,000
86,905,000
88,783,000
91,254,000
91,860,000
93,581,000
96,158,000
97,096,000
95,448,000
95,404,000
95,948,000
100,516,000
100,484,000
103,202,000
105,086,000
107,005,000
110,036,000
109,280,000
111,921,000
113,498,000
113,326,000
116,418,000
128,785,000
128,091,000
132,477,000
128,374,000
125,025,000
126,336,000
131,038,000
129,240,000
132,909,000
136,638,000
135,393,000
141,660,000
138,552,000
144,519,000
141,775,000
140,654,000
140,654,000141,775,000144,519,000138,552,000141,660,000135,393,000136,638,000132,909,000129,240,000131,038,000126,336,000125,025,000128,374,000132,477,000128,091,000128,785,000116,418,000113,326,000113,498,000111,921,000109,280,000110,036,000107,005,000105,086,000103,202,000100,484,000100,516,00095,948,00095,404,00095,448,00097,096,00096,158,00093,581,00091,860,00091,254,00088,783,00086,905,00086,230,00089,199,00086,816,00042,650,00041,431,00041,673,00040,854,00041,270,000000
   > Total Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
57,990,000
60,295,000
59,310,000
58,868,000
58,800,000
61,385,000
61,707,000
61,046,000
61,733,000
66,752,000
65,950,000
64,511,000
67,236,000
69,394,000
68,157,000
68,722,000
0
0
70,886,000
0
070,886,0000068,722,00068,157,00069,394,00067,236,00064,511,00065,950,00066,752,00061,733,00061,046,00061,707,00061,385,00058,800,00058,868,00059,310,00060,295,00057,990,0000000000000000000000000000000
       Accounts payable 
0
0
0
202,000
0
0
0
0
0
0
0
21,000
0
0
0
22,000
0
0
0
23,000
0
0
0
24,000
0
115,000
302,000
40,000
128,000
59,702,000
372,000
97,000
153,000
242,000
283,000
73,000
48,000
80,000
113,000
53,000
61,000
67,089,000
65,121,000
65,611,000
291,000
556,000
67,808,000
212,000
212,00067,808,000556,000291,00065,611,00065,121,00067,089,00061,00053,000113,00080,00048,00073,000283,000242,000153,00097,000372,00059,702,000128,00040,000302,000115,000024,00000023,00000022,00000021,0000000000202,000000
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
254,000
185,000
250,000
360,000
304,000
388,000
274,000
373,000
238,000
189,000
272,000
373,000
71,000
136,000
240,000
422,000
0
0
370,000
0
0370,00000422,000240,000136,00071,000373,000272,000189,000238,000373,000274,000388,000304,000360,000250,000185,000254,0000000000000000000000000000000
   > Long-term Liabilities 
0
0
0
15,875,000
16,404,000
16,500,000
17,597,000
18,834,000
39,092,000
39,329,000
36,983,000
36,875,000
39,124,000
39,725,000
41,265,000
43,609,000
45,637,000
44,123,000
42,378,000
42,420,000
41,788,000
43,722,000
43,851,000
45,747,000
48,192,000
47,913,000
50,580,000
49,927,000
51,243,000
50,816,000
51,503,000
55,401,000
58,413,000
58,885,000
62,488,000
60,540,000
60,013,000
56,388,000
61,604,000
61,758,000
62,036,000
0
0
0
0
0
0
0
000000062,036,00061,758,00061,604,00056,388,00060,013,00060,540,00062,488,00058,885,00058,413,00055,401,00051,503,00050,816,00051,243,00049,927,00050,580,00047,913,00048,192,00045,747,00043,851,00043,722,00041,788,00042,420,00042,378,00044,123,00045,637,00043,609,00041,265,00039,725,00039,124,00036,875,00036,983,00039,329,00039,092,00018,834,00017,597,00016,500,00016,404,00015,875,000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
62,488,000
60,540,000
60,013,000
56,388,000
61,604,000
61,758,000
62,036,000
63,012,000
62,928,000
68,911,000
65,544,000
67,871,000
66,293,000
0
066,293,00067,871,00065,544,00068,911,00062,928,00063,012,00062,036,00061,758,00061,604,00056,388,00060,013,00060,540,00062,488,0000000000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
544,000
547,000
871,000
313,000
468,000
557,000
580,000
353,000
670,000
685,000
603,000
345,000
1,086,000
651,000
688,000
515,000
0
0
965,000
0
0965,00000515,000688,000651,0001,086,000345,000603,000685,000670,000353,000580,000557,000468,000313,000871,000547,000544,0000000000000000000000000000000
> Total Stockholder Equity
0
0
0
2,852,000
2,887,000
2,964,000
3,043,000
3,110,000
6,868,000
7,027,000
7,083,000
7,157,000
7,288,000
7,461,000
7,569,000
7,751,000
8,361,000
9,519,000
9,797,000
10,048,000
9,946,000
10,390,000
10,830,000
11,106,000
11,231,000
11,473,000
11,664,000
11,844,000
11,951,000
12,198,000
12,509,000
13,080,000
13,215,000
13,474,000
13,747,000
13,748,000
14,018,000
14,073,000
14,387,000
14,935,000
15,156,000
15,159,000
15,486,000
15,775,000
15,854,000
16,091,000
16,463,000
16,750,000
16,750,00016,463,00016,091,00015,854,00015,775,00015,486,00015,159,00015,156,00014,935,00014,387,00014,073,00014,018,00013,748,00013,747,00013,474,00013,215,00013,080,00012,509,00012,198,00011,951,00011,844,00011,664,00011,473,00011,231,00011,106,00010,830,00010,390,0009,946,00010,048,0009,797,0009,519,0008,361,0007,751,0007,569,0007,461,0007,288,0007,157,0007,083,0007,027,0006,868,0003,110,0003,043,0002,964,0002,887,0002,852,000000
   Common Stock
0
0
0
125,000
125,000
125,000
125,000
125,000
474,000
474,000
474,000
474,000
474,000
474,000
474,000
474,000
235,000
783,000
783,000
783,000
783,000
783,000
783,000
783,000
783,000
783,000
783,000
783,000
783,000
783,000
783,000
783,000
783,000
783,000
783,000
783,000
783,000
778,000
776,000
782,000
782,000
2,084,000
2,078,000
2,084,000
2,084,000
2,084,000
2,079,000
0
02,079,0002,084,0002,084,0002,084,0002,078,0002,084,000782,000782,000776,000778,000783,000783,000783,000783,000783,000783,000783,000783,000783,000783,000783,000783,000783,000783,000783,000783,000783,000783,000783,000783,000235,000474,000474,000474,000474,000474,000474,000474,000474,000125,000125,000125,000125,000125,000000
   Retained Earnings Total Equity000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 000000000000-133,000000-290,000000-311,000000-313,000000-318,000000-327,000000-327,000000-150,000000-135,000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
451,000
451,000
451,000
451,000
451,000
451,000
451,000
2,068,000
2,068,000
2,068,000
2,068,000
2,068,000
2,068,000
0
02,068,0002,068,0002,068,0002,068,0002,068,0002,068,000451,000451,000451,000451,000451,000451,000451,0000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
105,000
-30,000
-30,000
-30,000
184,000
6,145,000
6,303,000
6,364,000
6,768,000
6,572,000
6,745,000
6,853,000
7,348,000
7,870,000
8,481,000
8,759,000
9,286,000
8,866,000
9,310,000
9,750,000
10,295,000
10,106,000
10,348,000
10,539,000
11,003,000
10,799,000
11,046,000
11,357,000
12,198,000
11,917,000
12,691,000
12,964,000
13,098,000
13,235,000
13,295,000
13,611,000
14,153,000
14,374,000
10,488,000
10,811,000
11,624,000
3,323,000
3,601,000
11,523,000
0
011,523,0003,601,0003,323,00011,624,00010,811,00010,488,00014,374,00014,153,00013,611,00013,295,00013,235,00013,098,00012,964,00012,691,00011,917,00012,198,00011,357,00011,046,00010,799,00011,003,00010,539,00010,348,00010,106,00010,295,0009,750,0009,310,0008,866,0009,286,0008,759,0008,481,0007,870,0007,348,0006,853,0006,745,0006,572,0006,768,0006,364,0006,303,0006,145,000184,000-30,000-30,000-30,000105,000000



Balance Sheet

Currency in NOK. All numbers in thousands.




Cash Flow

Currency in NOK. All numbers in thousands.




Income Statement

Currency in NOK. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue3,474,000
Cost of Revenue-0
Gross Profit03,474,000
 
Operating Income (+$)
Gross Profit0
Operating Expense-0
Operating Income00
 
Operating Expense (+$)
Research Development0
Selling General Administrative44,000
Selling And Marketing Expenses0
Operating Expense044,000
 
Net Interest Income (+$)
Interest Income8,091,000
Interest Expense-5,048,000
Other Finance Cost-0
Net Interest Income3,043,000
 
Pretax Income (+$)
Operating Income0
Net Interest Income3,043,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)2,227,0000
EBIT - interestExpense = -5,048,000
1,772,000
6,820,000
Interest Expense5,048,000
Earnings Before Interest and Taxes (EBIT)07,275,000
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax2,227,000
Tax Provision-454,000
Net Income From Continuing Ops1,773,0001,773,000
Net Income1,772,000
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0-3,043,000
 

Technical Analysis of Sor
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 Sor. The general trend of Sor 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 Sor'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 Sparebanken Sor.

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: .

The bearish price targets are: 138.32 > 135.07 > 130.89.

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Sparebanken Sor 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 Sparebanken Sor. 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

Sparebanken Sor 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 Sparebanken Sor. The current macd is 1.46126105.

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 Sor price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Sor. 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 Sor 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
Sparebanken Sor Daily Moving Average Convergence/Divergence (MACD) ChartSparebanken Sor 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 Sparebanken Sor. The current adx is 39.78.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Sor shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Sparebanken Sor 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 Sparebanken Sor. The current sar is 138.13.

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
Sparebanken Sor 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 Sparebanken Sor. The current rsi is 62.17. The current phase is Continuation in bull market.

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

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
Sparebanken Sor Daily Relative Strength Index (RSI) ChartSparebanken Sor 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 Sparebanken Sor. The current phase is Continuation 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 above 50. There are more buyers than sellers. +1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Sor price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Sparebanken Sor Daily Stochastic Oscillator ChartSparebanken Sor 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 Sparebanken Sor. The current cci is 102.71.

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
Sparebanken Sor Daily Commodity Channel Index (CCI) ChartSparebanken Sor 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 Sparebanken Sor. The current cmo is 27.42.

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
Sparebanken Sor Daily Chande Momentum Oscillator (CMO) ChartSparebanken Sor 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 Sparebanken Sor. The current willr is -31.95885628.

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 Sor is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Sparebanken Sor Daily Williams %R ChartSparebanken Sor 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 Sparebanken Sor.

Sparebanken Sor 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 Sparebanken Sor. The current atr is 1.81779733.

Sparebanken Sor Daily Average True Range (ATR) ChartSparebanken Sor 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 Sparebanken Sor. The current obv is 23,674,672.

Sparebanken Sor Daily On-Balance Volume (OBV) ChartSparebanken Sor 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 Sparebanken Sor. The current mfi is 79.35.

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

  • MFI > 50: +1
Sparebanken Sor Daily Money Flow Index (MFI) ChartSparebanken Sor Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Sparebanken Sor.

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.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-14CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-16STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-17STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-22WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-23RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-27CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
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).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-29ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-13ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-14RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-15STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-19STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-28STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-05STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-09WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-10STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-23CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-24RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-25MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-05STOCH 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).
2024-02-06STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-07MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-09CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-12DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-14STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-16WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-27MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-28CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-13WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-18MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-19STOCH 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).
2024-03-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-21STOCH 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).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-22ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-25WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-27MFI SHORT ENTRY LONG CLOSE80 crossover to downside

6.3. Candlestick Patterns

Sparebanken Sor Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Sparebanken Sor based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5062.172
Ma 20Greater thanMa 50136.002
Ma 50Greater thanMa 100135.118
Ma 100Greater thanMa 200130.489
OpenGreater thanClose139.500
Total5/5 (100.0%)
Penke

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