ERICSSON LM-B SHS (ERCB.DE) Stock Technical Analysis
Europe - FRA:ERCB - SE0000108656 - Common Stock
6.776 EUR
-0.09 (-1.31%)
Taking everything into account, ERCB scores 2 out of 10 in our technical rating. In the past year, ERCB was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, ERCB is a bad performer in the overall market: 80% of all stocks are doing better.
ERCB is one of the lesser performing stocks in the Communications Equipment industry. 61% of 27 stocks in the same industry do better.
Warning: ERCB has an average volume of 8231 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
ERCB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ERCB is lagging the market.
In the last month ERCB has a been trading in a tight range between 6.55 and 6.89.
Considerably lower volume is observed in the last couple of days.
ERCB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
6.21
8.12
We found 1 important support area.
- A support zone ranging from 6.27 to 6.41. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 6.80 to 6.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.15 from a trend line in the weekly time frame.
- A resistance zone ranging from 7.33 to 7.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @7.70 from a horizontal line in the weekly time frame.
- Resistance @8.04 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ERCB.DE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ERCB.DE is up. |
| ChartMill Relative Strength | 20.52 | NEGATIVE | ERCB.DE has a low relative strength, it was outperformed by 79.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ERCB.DE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ERCB.DE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ERCB.DE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.53 | NEUTRAL | The RSI value for ERCB.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ERCB.DE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.77 | NEUTRAL | The Stochastics value for ERCB.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.13 | LOW VOLATILITY | The low ATR as a percentage value for ERCB.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 15.31 | NEGATIVE | The low ADX value for ERCB.DE suggests a weak or negative trend. |
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)
FRA:ERCB (9/12/2025, 7:00:00 PM)
6.776
-0.09 (-1.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-1.31%
1 Week-0.96%
2 Weeks-0.06%
1 Month2.54%
3 Month-6.72%
6 Month-9.97%
12 Month0.86%
2 Year46.48%
3 Year13.9%
5 Year-27.42%
10 Year-21.85%
15 Year-15.83%
Volatility
ATR(14)0.08
ATR(20)%1.13%
ATR Inc-12.5%
Range Today0.12
ADR(20)0.06
ADR(20)%0.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.52
Mansfield-1.67
10 Day High6.89
10 Day Low6.67
20 Day High6.89
20 Day Low6.55
52 Week High8.51
52 Week Low6.02
CS1 End6.41
CR1 Start6.8
Volume & EV
DER(3)-53.37%
DER(5)-35.88%
Volume67
Volume Incr-65.32%
Vol(5)1.74K
Vol(50)8.23K