ERICSSON LM-B SHS (ERCB.DE) Stock Technical Analysis
FRA:ERCB - Deutsche Boerse Ag - SE0000108656 - Common Stock - Currency: EUR
We assign a technical rating of 5 out of 10 to ERCB. Although ERCB 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.
ERCB is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Warning: ERCB has an average volume of 11007 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Looking at the yearly performance, ERCB did better than 86% of all other stocks. On top of that, ERCB also shows a nice and consistent pattern of rising prices.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
ERCB is an average performer in the Communications Equipment industry, it outperforms 50% of 23 stocks in the same industry.
ERCB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ERCB is lagging the market slightly.
ERCB has an average technical rating and it also 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
6.27
8.12
3 important support areas can be observed.
- Support @7.26 from a horizontal line in the daily time frame.
- Support @6.65 from a trend line in the weekly time frame.
- Support @6.33 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 7.35 to 7.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.92 to 8.04. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for ERCB.DE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ERCB.DE is down. |
| ChartMill Relative Strength | 86.43 | POSITIVE | ERCB.DE has a high relative strength, it outperformed 86.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ERCB.DE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ERCB.DE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ERCB.DE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.35 | NEUTRAL | The RSI value for ERCB.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ERCB.DE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.09 | OVERSOLD | The low Stochastics value suggests ERCB.DE may be oversold. |
| Average True Range in percent/ATR (20) | 1.35 | LOW VOLATILITY | The low ATR as a percentage value for ERCB.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 19.09 | 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 (6/19/2025, 7:00:00 PM)
7.278
-0.01 (-0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-0.16%
1 Week-1.25%
2 Weeks-3.5%
1 Month-6.95%
3 Month-4.29%
6 Month-6.14%
12 Month31.75%
2 Year46%
3 Year4.55%
5 Year-11.31%
10 Year-21.74%
15 Year-20.26%
Volatility
ATR(14)0.08
ATR(20)%1.35%
ATR Inc-40.87%
Range Today0.08
ADR(20)0.09
ADR(20)%1.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.43
Mansfield-0.28
10 Day High7.58
10 Day Low7.23
20 Day High7.85
20 Day Low7.23
52 Week High8.51
52 Week Low5.66
CS1 End7.26
CR1 Start7.35
Volume & EV
DER(3)-0.67%
DER(5)-0.8%
Volume4.42K
Volume Incr-11.07%
Vol(5)9.98K
Vol(50)11.01K