ERICSSON LM-B SHS (ERICB.ST) Stock Technical Analysis
STO:ERICB - Nasdaq Stockholm AB - SE0000108656 - Common Stock - Currency: SEK
Overall ERICB gets a technical rating of 7 out of 10. In the last year, ERICB was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, ERICB did better than 83% of all other stocks. On top of that, ERICB also shows a nice and consistent pattern of rising prices.
ERICB 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 ERICB slightly outperforms the market at the moment.
ERICB has an average volume of 3198160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ERICB has a been trading in the 83.13 - 89.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ERICB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 86.23, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ERICB in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
82.11
89.11
2 important support areas can be observed.
- A support zone ranging from 84.84 to 86.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 82.94 to 83.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 86.89 to 88.23. This zone is formed by a combination of multiple trend lines and important moving averages 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
CRS83.73
Mansfield1.27
10 Day High89.48
10 Day Low84.56
20 Day High89.48
20 Day Low83.13
52 Week High97.68
52 Week Low53.02
Performance
1 Week-1.52%
2 Weeks1.78%
1 Month4.3%
3 Month-4.97%
6 Month16.63%
12 Month52.34%
2 Year43.17%
3 Year0.57%
5 Year7.21%
10 YearN/A
15 YearN/A
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)0.24
RSI(14)49.6
LBB83.8
UBB89.89
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 88.24 | 84.83 | 3.41 (3.86%) | 25.00% |
| An entry @88.24. This is a Buy Stop order right above the resistance zone. | An exit @84.83. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.41 points, which is 3.86%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.97%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
STO:ERICB (3/7/2025, 5:30:45 PM)
86.82
-0.38 (-0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.44%
1 Week-1.52%
2 Weeks1.78%
1 Month4.3%
3 Month-4.97%
6 Month16.63%
12 Month52.34%
2 Year43.17%
3 Year0.57%
5 Year7.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.64
ATR(20)%1.7%
ATR Inc15.78%
Range Today1.66
ADR(20)1.34
ADR(20)%1.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.73
Mansfield1.27
10 Day High89.48
10 Day Low84.56
20 Day High89.48
20 Day Low83.13
52 Week High97.68
52 Week Low53.02
CS1 End86.23
CR1 Start86.89
Volume & EV
DER(3)1.43%
DER(5)3.88%
Volume3.01M
Volume Incr31.91%
Vol(5)3.43M
Vol(50)3.20M