Price date | May 3, 2024 |
Currency | NOK |
ISIN | NO0010161896 |
Rise from year low | 16.62% |
Fall from year high | -4.72% |
Date | Type | Count | Price | Value | Percent | Controlled | Text | Importance |
---|---|---|---|---|---|---|---|---|
Apr 23, 2024 | kjøp | 6000 | 205.71 | 1234 | 0 | 0 | Nestleder Jens Petter Olsen kjøper 6000 | 100 |
Jan 31, 2024 | kjøp | 5000 | 205.00 | 1025 | 0 | 0 | Styremedlem Petter-Børre Furberg kjøper 5000 | 100 |
Jul 13, 2023 | kjøp | 5000 | 196.25 | 981 | 0 | 0 | Styremedlem Petter-Børre Furberg kjøper 5000 | 100 |
Apr 27, 2023 | kjøp | 6000 | 181.35 | 1088 | 0 | 0 | Nestleder Jens Petter Olsen kjøper 6000 | 100 |
DNB ligger i en stigende trendkanal på mellomlang sikt etter at investorene stadig har gått oppover i pris for å kjøpe seg opp i banken. Stigende trender faller ofte også sammen med en sterk økonomisk utvikling for bedriften eller forbedrede markedsutsikter.
Kursen tester nå gulvet i kanalen. Det øker risikoen for et brudd ned, men gar samtidig en større oppside. Taket i trendkanalen ligger på 229 kroner, og opp dit er det nå 18 prosent.
DNB er positiv på innsidehandler etter at styrets nestleder Jens Petter Olsen kjøpte seg opp for 1,2 millioner kroner den 23. april, samme dag som DNB presenterte sin førstekvartalsrapport.
DNB kommer på andreplass i Investtechs rangering.
Aksjen ligger i en stigende trendkanal på mellomlang sikt. På lang sikt er det gitt kjøpssignal fra en stor rektangelformasjon, og en videre oppgang til 239 kroner eller mer indikeres. Først må imidlertid den kortsiktige motstanden rundt 220 kroner brytes. Det kan imidlertid lett skje da det kortsiktige momentumet nå er sterkt positivt. Aksjen er dessuten positiv på innsidehandler etter kjøp fra styremedlem Petter-Børre Furberg for en måned siden.
Stigende trend. Blant selskapene som kan trekke børsen opp, er DNB. Banken er det nest største selskapet på Oslo Børs og har de siste årene sett god kursoppgang. DNB ligger i en stigende trendkanal på lang sikt og er opp 45 prosent de siste tre årene. Bryter aksjen opp gjennom motstanden ved 223 kroner, der kursen toppet ut i oktober, vil et nytt kjøpssignal utløses. Om aksjen heller reagerer tilbake, er det støtte ved 195 kroner som kan bremse et videre kursfall. Etter tre innsidekjøp det siste året fra nøkkelpersoner i styret, derav et for under en måned siden, er DNB positiv på innsidehandler.
Recommendation one to six months: PositiveEvaluation | Time horizon | Price | Published | Analyst |
---|---|---|---|---|
Positive | Medium term | 194.30 | May 3, 2024 09:56, e24 | GL |
Positive | Medium term | 212.30 | Mar 1, 2024 10:07, e24 | GL |
Positive | Medium term | 207.30 | Feb 25, 2024 18:23, Morning Report, Today´s Case | FDB |
Positive | Medium term | 201.30 | Feb 9, 2024 07:55, e24, Morning Report | GL |
Positive | Medium term | 205.20 | Feb 2, 2024 06:58, Morning Report, e24 | GL |
Positive | Medium term | 214.60 | Jan 10, 2024 18:39, Morning Report, Today´s Case | FDB |
Positive | Medium term | 206.10 | Nov 30, 2023 19:45, Today´s Case, Morning Report, e24 | GL |
Positive | Long term | 200.40 | Oct 27, 2023 09:15, e24 | GL |
Positive | Medium term | 200.40 | Oct 26, 2023 19:20, Morning Report, Today´s Case | GL |
Neutral | Medium term | 207.60 | Oct 19, 2023 20:24, Morning Report | GL |
Positive | Medium term | 210.40 | Oct 5, 2023 21:59, e24, Morning Report | FDB |
Positive | Medium term | 218.00 | Sep 14, 2023 20:50, Today´s Case, Morning Report, e24 | GL |
Positive | Medium term | 209.90 | Aug 23, 2023 08:43, Today´s Case, Morning Report, e24 | GL |
Positive | Medium term | 208.70 | Aug 2, 2023 08:46, Morning Report, Today´s Case | GL |
Positive | Short term | 198.20 | Jul 14, 2023 08:21, Trading Ideas | GL |
Positive | Medium term | 202.30 | Jul 4, 2023 07:37, Morning Report | KP |
Positive | Medium term | 197.50 | Jun 29, 2023 07:10, Morning Report | AT |
Positive | Medium term | 190.55 | Jun 5, 2023 08:42, Morning Report, Today´s Case | AT |
Weak Positive | Medium term | 193.40 | Dec 26, 2022 11:42, Morning Report | GL |
AT: Asbjørn Taugbøl (Analyst)
FDB: Fredrik Dahl Bråten (Analyst)
GL: Geir Linløkken (Head of Analyses)
KP: Kari Poblete (Analyst)
Percentage change days before publication | Percentage change days after publication | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Publication date | Description | 22 d | 10 d | 5 d | 1 day | Publication | 1 day | 5 d | 10 d | 22 d |
Average last 5 results publications | 1.59 | 1.60 | -0.90 | 0.22 | -2.67 | 0.25 | 0.03 | 0.20 | 3.54 | |
Average last 20 results publications | 2.02 | 2.31 | 0.92 | 0.45 | 0.13 | -0.20 | -0.78 | -0.48 | 1.85 |
Opening | 194.33 |
High | 195.01 |
Low | 193.76 |
Close | 194.25 |
Opening to high | 0.35% |
Opening to low | -0.29% |
Opening to close | -0.04% |
Date | Price | Trading opportunity | Time span | Target |
---|---|---|---|---|
May 3, 2024 | 196.65 | Reaction back after formation buy | Long term | 217.00 - 232.00 |
MNOK | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Q1-24 |
---|---|---|---|---|---|---|---|---|---|---|
Revenues | 53 993 | 52 163 | 51 140 | 50 368 | 54 857 | 56 399 | 55 915 | 66 115 | 81 697 | 81 559 |
Profit for the year | 24 762 | 19 251 | 21 803 | 24 282 | 25 721 | 19 840 | 25 355 | 32 861 | 39 479 | 39 210 |
Profit margin | 45.9 % | 36.9 % | 42.6 % | 48.2 % | 46.9 % | 35.2 % | 45.3 % | 49.7 % | 48.3 % | 48.1 % |
Book value | 190 078 | 206 423 | 216 897 | 223 966 | 242 255 | 248 396 | 243 912 | 259 098 | 269 296 | 282 605 |
Equity ratio | 7.3 % | 7.8 % | 8.0 % | 8.5 % | 8.7 % | 8.5 % | 8.4 % | 8.0 % | 7.8 % | 7.3 % |
Revenue per share | 33.14 | 32.02 | 31.47 | 31.00 | 34.19 | 36.13 | 36.07 | 42.64 | 52.70 | 52.87 |
Book value per share | 116.68 | 126.72 | 133.48 | 137.83 | 151.00 | 159.12 | 157.33 | 167.12 | 173.70 | 183.20 |
Earnings per share | 16.05 | 12.48 | 14.13 | 15.74 | 16.67 | 12.86 | 16.44 | 21.30 | 25.59 | 25.42 |
Dividend per share | 4.75 | 6.02 | 7.48 | 8.69 | 9.36 | 8.50 | 9.80 | 12.56 | 16.08 | 16.08 |
Dividend payout | 31 % | 51 % | 56 % | 58 % | 58 % | 67 % | 60 % | 59 % | 63 % | 63 % |
Investtech’s analyses focus on a stock’s trend status, short term momentum and volume development. These are central topics of technical analysis theory that describe changes in investor optimism or fluctuations in a company’s financial development. However, Investtech’s strong focus on these elements is due to research results that clearly indicate causation between these factors and future return on the stock market.
Theory: Stocks in rising trends will continue to rise.
Psychology/economy: Rising trends indicate that the company experiences positive development and increasing buy interest among investors. Read more
Research: Stocks in rising trend channels in Investtech’s medium long term charts have been followed by an annualized excess return of 7.8 percentage points compared to average benchmark development. This is shown by Investtech’s research into 34,880 cases of stocks in rising trends on the Nordic Stock Exchanges in the period 1996 to 2015.
Read more about the research results here
Theory: Stocks with rising short term momentum will continue to rise. Stocks with very strong momentum (overbought) will react backwards.
Psychology/economy: RSI above 70 shows strong positive momentum. The stock has risen in the short term without any significant reactions downwards. Investors have kept paying more to buy stocks. This indicates that more investors want to buy the stock and that the price will continue to rise. Read more
Research: Stocks with strong momentum have on average continued to rise, and more so than the average stock listed on the Exchange. This is shown by Investtech’s research into 24,208 cases of stocks on the Nordic Stock Exchanges in the period 1996 to 2015 where RSI went above 70 points, indicating strong and increasing short term momentum. On average, annualized, the stocks rose the equivalent of 11.4 percentage points more than the average stock.
Read the research report here
Theory: Rising prices on high volume and falling prices on low volume indicate strength in a stock. Volume can confirm a rising trend or signal that a falling trend is ending.
Psychology/economy: When investors very much want to buy a stock, they have to increase the price to find new sellers. Rising price on high volume shows that some investors are so aggressive that they push the price up to be able to buy the stock. Investtech’s Volume Balance tool measures the relation between price rise and volume and measures investor aggression at rising and falling prices. Read more
Research: Stocks with volume balance above 40 have been followed by an average annual return of 4.7 percentage points on the Nordic Stock Exchanges, shown by research conducted by Investtech into 24,580 cases.
Read the research report here
Investtech has combined theory, psychology and research into powerful investment tools.
Investtech are behavioural finance and quantitative stock analysis specialists. The company sells analysis products to private, professional and institutional investors. Investtech manage the AIFM company Investtech Invest, which invests customers’ funds in the stock market.
Investtech’s computers analyze more than 28,000 stocks from 12 different countries every day. The analyses are presented in eight languages and sold to customers worldwide. In addition to the automatic analyses, the company’s analysts present subjective assessments and recommendations for some markets. The analyses are available to customers in the form of daily morning reports and cases, and weekly market updates and model portfolios.
Investtech’s algorithms for analysis, ranking and stock recommendations are based on research dating back to 1993. Part of the research was conducted in cooperation with Oslo University and the Norwegian Research Council. Research still has high priority for Investtech. Many of the company’s research results are available for customers on the company’s web site.
The company’s basic product starts at approx. 30 euro per month. Investtech also provides bespoke products for integration on partners’ web sites and for use in newsletters, for example to stock brokers and the media. Contact us by e-mail to info@investtech.com or by phone +47 21 555 888 for more information. A free trial subscription is available to order on our web site www.investtech.com.
Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.