ERICSSON LM-A SHS (ERCG.DE) Stock Technical Analysis
FRA:ERCG - Deutsche Boerse Ag - SE0000108649 - Common Stock - Currency: EUR
Overall ERCG gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month ERCG has a been trading in the 7.41 - 8.26 range, which is quite wide. It is currently trading near the lows of this range.
Warning: ERCG has an average volume of 921 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that ERCG is one of the better performing stocks in the market, outperforming 92% of all stocks.
ERCG is part of the Communications Equipment industry. There are 25 other stocks in this industry. ERCG outperforms 75% of them.
ERCG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ERCG is lagging the market slightly.
Volume is considerably higher in the last couple of days.
Although ERCG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
5.05
9.30
When analyzing the support we can see 3 important areas.
- A support zone ranging from 7.31 to 7.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.53 from a trend line in the daily time frame.
- Support @5.10 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 7.75 to 7.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.56 from a trend line in the weekly time frame.
- Resistance @9.21 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.16
Mansfield0.16
10 Day High8.26
10 Day Low7.41
20 Day High8.26
20 Day Low7.41
52 Week High8.26
52 Week Low4.38
Performance
1 Week-5.12%
2 Weeks-5.24%
1 Month-4.51%
3 Month20.68%
6 Month49.7%
12 Month27.76%
2 Year22.28%
3 Year-32.39%
5 Year-3.26%
10 Year-16.27%
15 Year15.06%
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)-0.07
RSI(14)47.92
LBB7.39
UBB8.15
ERICSSON LM-A SHS
FRA:ERCG (1/29/2025, 7:00:00 PM)
7.41
-0.85 (-10.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-10.29%
1 Week-5.12%
2 Weeks-5.24%
1 Month-4.51%
3 Month20.68%
6 Month49.7%
12 Month27.76%
2 Year22.28%
3 Year-32.39%
5 Year-3.26%
10 Year-16.27%
15 Year15.06%
Volatility
ATR(14)0.19
ATR(20)%2.41%
ATR Inc630.22%
Range Today0.03
ADR(20)0.04
ADR(20)%0.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.16
Mansfield0.16
10 Day High8.26
10 Day Low7.41
20 Day High8.26
20 Day Low7.41
52 Week High8.26
52 Week Low4.38
CS1 End7.4
CR1 Start7.75
Volume & EV
DER(3)6.02%
DER(5)14.5%
Volume1.40K
Volume Incr57.97%
Vol(5)1.52K
Vol(50)921.78