ERICSSON LM-A SHS (ERCG.DE) Stock Technical Analysis
FRA:ERCG - Deutsche Boerse Ag - SE0000108649 - Common Stock - Currency: EUR
Taking everything into account, ERCG scores 9 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, ERCG is showing a nice and steady performance.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Warning: ERCG has an average volume of 904 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
ERCG is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
Looking at the yearly performance, ERCG did better than 92% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
ERCG is part of the Communications Equipment industry. There are 25 other stocks in this industry, ERCG did better than 62% of them.
In the last month ERCG has a been trading in the 7.28 - 8.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ERCG has an excellent technical rating, it does not offer a high quality setup 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
5.08
8.57
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.41 to 7.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.16 to 7.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.59 from a trend line in the daily time frame.
- Support @5.13 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @7.88 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 8.23 to 8.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @8.49 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
CRS92.43
Mansfield1.1
10 Day High8.26
10 Day Low7.28
20 Day High8.26
20 Day Low7.28
52 Week High8.26
52 Week Low4.38
Performance
1 Week6.21%
2 Weeks0.77%
1 Month3.28%
3 Month19.06%
6 Month58.35%
12 Month33.62%
2 Year44.94%
3 Year-4.02%
5 Year5.78%
10 Year-17.28%
15 Year17.64%
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)-0.04
RSI(14)56.2
LBB7.28
UBB8.23
FRA:ERCG (3/5/2025, 7:00:00 PM)
7.87
-0.15 (-1.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-1.87%
1 Week6.21%
2 Weeks0.77%
1 Month3.28%
3 Month19.06%
6 Month58.35%
12 Month33.62%
2 Year44.94%
3 Year-4.02%
5 Year5.78%
10 Year-17.28%
15 Year17.64%
Volatility
ATR(14)0.22
ATR(20)%2.36%
ATR Inc43.59%
Range Today0.01
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
CRS92.43
Mansfield1.1
10 Day High8.26
10 Day Low7.28
20 Day High8.26
20 Day Low7.28
52 Week High8.26
52 Week Low4.38
CS1 End7.45
CR1 Start7.88
Volume & EV
DER(3)36.76%
DER(5)65.69%
Volume189
Volume Incr-68.44%
Vol(5)392.8
Vol(50)904.66