ERICSSON (LM) TEL-SP ADR (ERIC) Stock Technical Analysis
NASDAQ:ERIC - Nasdaq - US2948216088 - ADR - Currency: USD
Taking everything into account, ERIC scores 5 out of 10 in our technical rating. Although ERIC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, we notice that ERIC is one of the better performing stocks in the market, outperforming 86% of all stocks. We also observe that the gains produced by ERIC over the past year are nicely spread over this period.
ERIC 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 ERIC is lagging the market slightly.
In the last month ERIC has a been trading in the 7.35 - 8.05 range, which is quite wide. It is currently trading near the high of this range.
ERIC has an average volume of 15639800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
ERIC is part of the Communications Equipment industry. There are 51 other stocks in this industry, ERIC did better than 58% of them.
ERIC has an average technical rating and the quality of the presented setup is also not ideal 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
7.28
8.64
2 important support areas can be observed.
- A support zone ranging from 7.61 to 7.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.35 to 7.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 8.50 to 8.55. This zone is formed by a combination of multiple trend lines 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
CRS86.38
Mansfield0.67
10 Day High8.05
10 Day Low7.53
20 Day High8.05
20 Day Low7.35
52 Week High8.9
52 Week Low4.77
Performance
1 Week0%
2 Weeks4.77%
1 Month-11.12%
3 Month-2.83%
6 Month6.89%
12 Month44.87%
2 Year43.82%
3 Year-14.76%
5 Year-1.62%
10 Year-38.82%
15 Year-20.98%
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)0.05
RSI(14)50.54
LBB7.4
UBB8.09
7.91
-0.1 (-1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-1.25%
1 Week0%
2 Weeks4.77%
1 Month-11.12%
3 Month-2.83%
6 Month6.89%
12 Month44.87%
2 Year43.82%
3 Year-14.76%
5 Year-1.62%
10 Year-38.82%
15 Year-20.98%
Volatility
ATR(14)0.12
ATR(20)%2.58%
ATR Inc14.07%
Range Today0.12
ADR(20)0.14
ADR(20)%1.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.38
Mansfield0.67
10 Day High8.05
10 Day Low7.53
20 Day High8.05
20 Day Low7.35
52 Week High8.9
52 Week Low4.77
CS1 End7.9
CR1 Start8.5
Volume & EV
DER(3)7.93%
DER(5)4.36%
Volume10.82M
Volume Incr-35.17%
Vol(5)11.37M
Vol(50)15.64M