ERICSSON LM-B SHS (ERCB.DE) Stock Technical Analysis
FRA:ERCB - Deutsche Boerse Ag - SE0000108656 - Common Stock - Currency: EUR
Taking everything into account, ERCB scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ERCB is showing a nice and steady performance.
Warning: ERCB has an average volume of 10953 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ERCB is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, ERCB also shows a nice and consistent pattern of rising prices.
ERCB is one of the better performing stocks in the Communications Equipment industry, it outperforms 70% of 25 stocks in the same industry.
ERCB is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so ERCB slightly outperforms the market at the moment.
In the last month ERCB has a been trading in the 7.38 - 8.08 range, which is quite wide. It is currently trading near the high of this range.
ERCB has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
7.22
8.59
We found 2 important support areas.
- A support zone ranging from 7.57 to 7.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.29 to 7.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @7.97 from a trend line in the daily time frame.
- Resistance @8.50 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.38
Mansfield1.74
10 Day High8.08
10 Day Low7.61
20 Day High8.08
20 Day Low7.38
52 Week High8.51
52 Week Low4.57
Performance
1 Week0.43%
2 Weeks3.31%
1 Month7.6%
3 Month0%
6 Month21.04%
12 Month56.34%
2 Year47.33%
3 Year-8.35%
5 Year5.99%
10 Year-32.56%
15 Year3.27%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)56.9
LBB7.51
UBB8.1
FRA:ERCB (3/7/2025, 7:00:00 PM)
7.928
+0 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg0.03%
1 Week0.43%
2 Weeks3.31%
1 Month7.6%
3 Month0%
6 Month21.04%
12 Month56.34%
2 Year47.33%
3 Year-8.35%
5 Year5.99%
10 Year-32.56%
15 Year3.27%
Volatility
ATR(14)0.12
ATR(20)%1.36%
ATR Inc-10.43%
Range Today0.14
ADR(20)0.08
ADR(20)%1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.38
Mansfield1.74
10 Day High8.08
10 Day Low7.61
20 Day High8.08
20 Day Low7.38
52 Week High8.51
52 Week Low4.57
CS1 End7.87
CR1 Start7.97
Volume & EV
DER(3)-1.48%
DER(5)-1.29%
Volume11.19K
Volume Incr137.14%
Vol(5)13.33K
Vol(50)10.95K