ERICSSON (LM) TEL-SP ADR (ERIC) Stock Technical Analysis
NASDAQ:ERIC - Nasdaq - US2948216088 - ADR
Taking everything into account, ERIC scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ERIC has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ERIC is one of the better performing stocks in the market, outperforming 85% of all stocks. On top of that, ERIC also shows a nice and consistent pattern of rising prices.
A new 52 week high is currently being made by ERIC, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month ERIC has a been trading in the 7.87 - 8.74 range, which is quite wide. It is currently trading near the high of this range.
ERIC has an average volume of 16632500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ERIC is an average performer in the Communications Equipment industry, it outperforms 60% of 51 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ERIC has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
5.74
8.82
We found 3 important support areas.
- A support zone ranging from 8.19 to 8.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.95 to 8.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.80 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 8.73 to 8.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.32
Mansfield1.81
10 Day High8.74
10 Day Low7.87
20 Day High8.74
20 Day Low7.87
52 Week High8.74
52 Week Low4.77
Performance
1 Week9.55%
2 Weeks6.99%
1 Month9.14%
3 Month3.32%
6 Month30.34%
12 Month50.87%
2 Year51.13%
3 Year-29.56%
5 Year10.94%
10 Year-28.11%
15 Year-9.92%
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)0.06
RSI(14)66.32
LBB7.83
UBB8.69
ERICSSON (LM) TEL-SP ADR
NASDAQ:ERIC (1/21/2025, 8:00:02 PM)
After market: 8.71 -0.01 (-0.11%)8.72
+0.18 (+2.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg2.11%
1 Week9.55%
2 Weeks6.99%
1 Month9.14%
3 Month3.32%
6 Month30.34%
12 Month50.87%
2 Year51.13%
3 Year-29.56%
5 Year10.94%
10 Year-28.11%
15 Year-9.92%
Volatility
ATR(14)0.18
ATR(20)%1.81%
ATR Inc3.71%
Range Today0.17
ADR(20)0.13
ADR(20)%1.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.32
Mansfield1.81
10 Day High8.74
10 Day Low7.87
20 Day High8.74
20 Day Low7.87
52 Week High8.74
52 Week Low4.77
CS1 End8.32
CR1 Start8.73
Volume & EV
DER(3)5.41%
DER(5)7.19%
Volume14.72M
Volume Incr-3.96%
Vol(5)14.17M
Vol(50)16.63M