US EQUITIES CLOSED CRYPTO 24/7
HALAL TRADING ROOM Sharia-screened signals
TERMINAL
NO

NOTE.ST

Stock NOTE AB (publ)
$181.00

Nasdaq Stockholm · Technology · SE

Sharia status
COMPLIANT
Per In-house ratio engine · assessed 2026-08-27
HTR non-permissible income 0.20%
🕌Open research, not a fatwa — verify with your own scholar.
Trade setup SEPARATE FROM SHARIAH
No active setup right now. The technical picture doesn't show a clear edge — check back when the trend or momentum shifts.

NOTE AB (publ) (NOTE.ST) is currently considered halal (Sharia-compliant), per In-house ratio engine (last assessed 2026-08-27). See the full ratio breakdown and business-activity screen below for the reasoning.

Market & analysts
Price target
$197.00
+8.8% · 2 analysts
Institutional own.
28.5%
of shares
COMPLIANT
Sharia compliance
0.20%
Non-permissible income — HTR, from filings (2025-12-31)
$197.00
Price target (+8.8%) · 2 analysts
28.5%
Institutional ownership

🕌 In-house Compliance Research

Computed from Yahoo Finance fundamentals (Tier-4 provider, no filing available), balance sheet as of 2025-12-31. NOTE.ST files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.

Business activity: cleared (no excluded categories detected)

AAOIFI Pass

RatioValueThresholdResult
Interest-bearing debt 25.12% 30.00% Pass
Interest-bearing investments 6.63% 30.00% Pass
Non-permissible income 0.20% 5.00% Pass

Usmani Pass

RatioValueThresholdResult
Interest-bearing debt 32.34% 33.00% Pass
Interest-bearing investments 8.53% 33.00% Pass
Non-liquid assets 66.82% at least 20.00% Pass
Non-permissible income 0.20% 5.00% Pass

MSCI Pass

RatioValueThresholdResult
Interest-bearing debt 32.34% 33.33% Pass
Cash + interest-bearing securities 8.53% 33.33% Pass
Accounts receivable 33.18% 33.33% Pass
Non-permissible income 0.20% 5.00% Pass

FTSE Pass

RatioValueThresholdResult
Interest-bearing debt 32.34% 33.33% Pass
Cash + interest-bearing securities 8.53% 33.33% Pass
Accounts receivable 33.18% 50.00% Pass
Non-permissible income 0.20% 5.00% Pass

Dow Jones Islamic Market Pass

Scored against a trailing-average market cap (24-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 27.50% 33.00% Pass
Cash + interest-bearing securities 7.26% 33.00% Pass
Accounts receivable 20.95% 33.00% Pass
Non-permissible income 0.20% 5.00% Pass

S&P Shariah Pass

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 28.83% 33.00% Pass
Cash + interest-bearing securities 7.61% 49.00% Pass
Accounts receivable 21.97% 49.00% Pass
Non-permissible income 0.20% 5.00% Pass

MSCI M-Series Pass

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 28.83% 33.33% Pass
Cash + interest-bearing securities 7.61% 33.33% Pass
Accounts receivable 29.58% 49.00% Pass
Non-permissible income 0.20% 5.00% Pass

Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.

203.60188.10172.60157.10141.602025-09-122026-03-132026-09-11

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance
S3
175.03
S2
176.37
S1
177.63
PIVOT
178.97
R1
180.23
R2
181.57
R3
182.83

Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.

Price Forecast

7-day expected range
152.81 174.99
±6.77% from 163.90, made 2026-09-02 · resolves 2026-09-09
STRONG BUY
from 19 indicators
Not enough resolved predictions yet — 0 of 10 needed before we publish an accuracy figure. 22479 forecast(s) are currently open and will be scored automatically when their horizon expires.

The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.

Technical Summary

STRONG BUY
19 indicators
OscillatorsSELL
3 buy · 0 neutral · 4 sell
Moving averagesSTRONG BUY
12 buy · 0 neutral · 0 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)81.10SELL
Stochastic %K (14)98.40SELL
CCI (20)114.76SELL
Williams %R (14)-1.60SELL
MACD (12,26,9)2.05BUY
ROC (10)11.18BUY
Momentum (10)18.20BUY
EMA (10)172.72BUY
SMA (10)172.61BUY
EMA (20)165.88BUY
SMA (20)162.29BUY
EMA (30)162.31BUY
SMA (30)157.47BUY
EMA (50)160.42BUY
SMA (50)153.50BUY
EMA (100)163.45BUY
SMA (100)164.17BUY
EMA (200)169.83BUY
SMA (200)171.46BUY

Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.

About NOTE AB (publ)

Technology · Electronic Components

NOTE AB (publ), together with its subsidiaries, provides electronics manufacturing services in Western Europe and internationally. The company offers manufacturing engineering services in close collaboration with customers, such as component selection, developing test equipment, prototyping, and serial production. It also produces PCBAs, subassemblies, and box build products. In addition, the company provides contract manufacturing, and after-sales services. It serves its products to security and defence, medtech, greentech, industrial, and communication industries. NOTE AB (publ) was incorporated in 1990 and is headquartered in Stockholm, Sweden.

note-ems.com ↗

Background via Yahoo Finance — informational, not part of the verdict.

🕌 In-house Ratio Research — filings.xbrl.org ESEF XBRL

Research only, not the primary verdict above — SEC EDGAR (the source for the main in-house research card, if shown) has no data for this symbol, so this is computed from a real, country-specific filing instead. Business-activity screening isn't part of this check.

AAOIFI Standard 21 (% of market cap) — Unverified
Debt ratio no data
Investments ratio 8.0% (< 30%)
Non permissible income ratio no data
Usmani (% of total assets) — Unverified
Debt ratio no data
Investments ratio 12.8% (< 33%)
Nonliquid assets ratio 87.2% (< 20%)
Non permissible income ratio no data
Net liquid assets -$0.8B (mkt cap $5.2B)

Based on the filing period ending 2024-12-31, figures in SEK.

SMC — Top Down

Not enough price history yet for a smart-money structure read on any timeframe.

Momentum & Volume

Peer Movement

Peer movement computing — it will appear here on its own.

Insider Activity (90d)

NO DATA   0 buys · 0 sells

COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE

NEUTRAL   report date 2026-09-08 · Asset managers net 912361 (-21819)

AI Summary

Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.