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Investtech Indices
DNB Bank (DNB.OL)
Cours de clôture: 196.65 (+2.35), 3. mai 2024
Complete report
Algorithmic Overall Analysis
Positif (Score: 80)
3. mai 2024. Updated daily.
Analyst's Recommendation
Positif
3. mai 2024. 1 jours depuis.
Analyses
Court
Moyen
Long
Général
Insider
Investor Psychology - Behavioural Finance - Quantitative Analysis - Scientific Methods
Technical Analysis - Insider Trades - Seasonal Variations - Intraday Trading
Stock data
| Price date | 3. mai 2024 |
| Currency | NOK |
| ISIN | NO0010161896 |
| Rise from year low | 16.62% |
| Fall from year high | -4.72% |
Automatic technical analysis. Court terme
Court terme
DNB Bank a cassé une tendance baissière, et a violemment réagi à la hausse. Actuellement, il est difficile de donner une indication sur l'évolution future de la tendance. L'action teste la résistance à environ 197 kroner, ce qui peut résulter en une correction. L'action est considéré comme légèrement negatif technique pour court terme.Recommendation one to six weeks: Conclusion légèrement négative (Score: -41)
Automatic technical analysis. Moyen terme
Moyen terme
DNB Bank fluctue dans un canal haussier. Un développement positif poursuivant le canal haussier est indiqué. La valeur fluctue dans une formation rectangulaire entre un support à 187 et une résistance à 202. Un franchissement établi d'un des deux niveaux peut donner des indications pour le développement futur. L'action fluctue entre le support à environ 193 kroner et la résistance à environ 202 kroner. Un franchissement d'un des deux niveaux peut indiquer la direction de développement à venir. L'action est généralement considéré comme légèrement positif technique pour moyen long terme.Recommendation one to six months: Conclusion légèrement positive (Score: 42)
Automatic technical analysis. Long terme
Long terme
DNB Bank fluctue dans un canal haussier. Un développement positif poursuivant le canal haussier est indiqué. La valeur a donné un signal d'achat selon une formation rectangulaire sur le franchissement vers le haut de la résistance à 182. Une poursuite de la hausse jusqu'à 221 ou plus est signalée. L'action a un support à environ 180 kroner. L'action est généralement considéré comme positif technique pour long terme.Recommendation one to six quarters: Positif (Score: 94)
Max
Candlesticks 95 days
Candlesticks 22 days
Transactions Inside
Insider trades reported last 18 months. The stock is positive on Insider Trades.
| Date | Type | Nombre | Cours | Valeur de marché | Pourcentage | Réserves | Texte | Importance |
|---|---|---|---|---|---|---|---|---|
| 23. avr 2024 | kjøp | 6000 | 205.71 | 1234 | 0 | 0 | Nestleder Jens Petter Olsen kjøper 6000 | 100 |
| 31. jan 2024 | kjøp | 5000 | 205.00 | 1025 | 0 | 0 | Styremedlem Petter-Børre Furberg kjøper 5000 | 100 |
| 13. jul 2023 | kjøp | 5000 | 196.25 | 981 | 0 | 0 | Styremedlem Petter-Børre Furberg kjøper 5000 | 100 |
| 27. avr 2023 | kjøp | 6000 | 181.35 | 1088 | 0 | 0 | Nestleder Jens Petter Olsen kjøper 6000 | 100 |
Commentaires
Automatic technical analysis of the stock, based on last closing price. The chart may have changed since the analyst's recommendation was written.
Analyst's Recommendation
3. mai 2024 (1 jours depuis)Geir Linløkken
geir.linlokken@investtech.com
Recommendation one to six months: Positif
Geir Linløkken, 3. mai 2024 (cours 194.30)
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.
Recommendation one to six months: Positif
Published: e24 (3. mai 2024 09:56) [GL]
The analysis is written by Investtech's analyst on the given date based on the price charts of this date. The analysis is meant to be valid for a few weeks, up to a few months. Later price developments may indicate changes in the market and investor optimism, and render the analysis outdated. Investtech's automatic analyses, updated daily, will often reflect such changes.
Previous recommendations
Geir Linløkken, 1. mar 2024 (cours 212.30)
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.
Published: e24 (1. mar 2024 10:07) [GL]
Fredrik Dahl Bråten, 25. fév 2024 (cours 207.30)
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: PositifPublished: Rapport du jour (25. fév 2024 18:23), Cas du jour (25. fév 2024 18:23) [FDB]
Analysts' recommendations last 18 months
Positif/Conclusion légèrement positive
A surveiller
Négatif/Conclusion légèrement négative
History of Investtech's analysts' analyses of the stock. Analyses are shown by coloured dots on the day the analysis was based on.
| Évaluation | Horizon de temps | Cours | Published | Analyst |
|---|---|---|---|---|
 Positif | Moyen terme | 194.30 | 3. mai 2024 09:56, e24 | GL |
| Positif | Moyen terme | 212.30 | 1. mar 2024 10:07, e24 | GL |
| Positif | Moyen terme | 207.30 | 25. fév 2024 18:23, Rapport du jour, Cas du jour | FDB |
| Positif | Moyen terme | 201.30 | 9. fév 2024 07:55, e24, Rapport du jour | GL |
| Positif | Moyen terme | 205.20 | 2. fév 2024 06:58, Rapport du jour, e24 | GL |
| Positif | Moyen terme | 214.60 | 10. jan 2024 18:39, Rapport du jour, Cas du jour | FDB |
| Positif | Moyen terme | 206.10 | 30. nov 2023 19:45, Cas du jour, Rapport du jour, e24 | GL |
| Positif | Long terme | 200.40 | 27. oct 2023 09:15, e24 | GL |
| Positif | Moyen terme | 200.40 | 26. oct 2023 19:20, Rapport du jour, Cas du jour | GL |
 A surveiller | Moyen terme | 207.60 | 19. oct 2023 20:24, Rapport du jour | GL |
| Positif | Moyen terme | 210.40 | 5. oct 2023 21:59, e24, Rapport du jour | FDB |
| Positif | Moyen terme | 218.00 | 14. sep 2023 20:50, Cas du jour, Rapport du jour, e24 | GL |
| Positif | Moyen terme | 209.90 | 23. aoû 2023 08:43, Cas du jour, Rapport du jour, e24 | GL |
| Positif | Moyen terme | 208.70 | 2. aoû 2023 08:46, Rapport du jour, Cas du jour | GL |
| Positif | Court terme | 198.20 | 14. jul 2023 08:21, Trading ideas | GL |
| Positif | Moyen terme | 202.30 | 4. jul 2023 07:37, Rapport du jour | KP |
| Positif | Moyen terme | 197.50 | 29. jui 2023 07:10, Rapport du jour | AT |
| Positif | Moyen terme | 190.55 | 5. jui 2023 08:42, Rapport du jour, Cas du jour | AT |
 Conclusion légèrement positive | Moyen terme | 193.40 | 26. dec 2022 11:42, Rapport du jour | GL |
AT: Asbjørn Taugbøl (Analytiker)
FDB: Fredrik Dahl Bråten (Analytiker)
GL: Geir Linløkken (Forskningssjef)
KP: Kari Poblete (Analytiker)
Analyse des résultats
Average price development
Results publications in price chart
Results publications last 18 months
| 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 | |
Seasonal variations
Seasonal prediction from today's date
The blue line shows average price development the past 10 years, in the period from three months before to six months after today's date. The black line is actual price development in the past three months. Shaded areas are one and two standard deviations.
Monthly and annual statistics
Average development per month, last 10 years
Average development throughout the year, last 10 years
Annual development from 2014 to 2023
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Trading limits
Average price development quarter by quarter past 66 trading days
Estimated price today
| 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% |
Signal précurs.
| Cours de clôture, qui en cas de franchissement, déclenche des nouveaux signaux |  | |
|---|---|---|
| Indicateur | Cours | Objectif |
| RSI élevé | 217.65 | - |
| Trading Range court terme | 202.41 | - |
| Figure rectangulaire | 202.40 | 222.85 |
| Last close | 196.65 | - |
| Trading Range long terme | 191.59 | - |
| RSI bas | 176.67 | - |
| Moyenne mobile | 91.62 | - |
| Indicateur: | Type d'indicateur ayant déclenché le signal | |
| Cours: | Si le cours de clôture franchit ce niveau, un nouveaux signal technique sera déclenché. | |
| Objectif: | Objectif du cours selon le signal donné (Seulement ceux donnés par des formations graphiques | |
Alertes
| Date | Cours | Opportunité de transaction | Horizon de temps | Objectif de cours |
|---|---|---|---|---|
| 3. mai 2024 | 196.65 | Réaction de repli après configuration positive | Long terme | 217.00 - 232.00 |
Key ratios
Dividend yield: 8.3%
P/E: 7.6
P/S: 3.7
P/B: 1.1
Dividend per share: 16.08
Earnings per share: 25.42
Revenue per share: 52.87
Book value per share: 183.20
Market cap million NOK: 299 730.
De siste nøkkeltallene er beregnet ut fra de fire siste kvartalsrapportene og sluttkurs 194.30 fra 2. mai 2024.
Financial data
| 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 % |
Dividend yield
Dividend yield is the company's share dividend in relation to the share price. It is a measure of return to shareholders. Dividend yield is calculated as Dividend per share/Share price.
Dividend yield for DNB is 8.3%.
Dividend yield for DNB is 8.3%.
P/E - price/earnings
P/E stands for Price/Earnings, that is, share price in relation to the earnings per share. The key figures are used when assessing a share price in relation to the company's profit. Example: A P/E number of 10 means that the share costs 10 times the company's annual profit. P/E is calculated as Share price/Earnings after tax per share.
P/E for DNB is 7.6.
P/E for DNB is 7.6.
P/S - price/sales
P/S stands for Price/Sales, that is price relative to sales. The key figures are used when evaluating a share price in relation to the company's sales. Example: A P/S number of 2.0 means that the stock costs 2.0 times the company's annual turnover. P/S is calculated as Share price/Revenue per share.
P/S for DNB is 3.7.
P/S for DNB is 3.7.
P/B - price/book
P/B stands for Price/BookValue, that is price relative to equity. The key figures are used when evaluating a share price in relation to book equity. Example: A P/B figure of 1.8 means that the share costs 1.8 times the company's equity. P/B is calculated as Share price/Equity per share
P/B for DNB is 1.1.
P/B for DNB is 1.1.
Help and information - Research shows the importance of Trend, Momentum and Volume
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.
Trend
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
Momentum
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
Volume
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's analyses
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