ERICSSON LM-B SHS (ERCB.DE) Stock Technical Analysis
FRA:ERCB - Deutsche Boerse Ag - SE0000108656 - Common Stock - Currency: EUR
Taking everything into account, ERCB scores 0 out of 10 in our technical rating. ERCB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ERCB is a bad performer in the overall market: 82% of all stocks are doing better.
ERCB is one of the lesser performing stocks in the Communications Equipment industry. 64% of 26 stocks in the same industry do better.
ERCB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ERCB has a been trading in the 6.25 - 7.03 range, which is quite wide. It is currently trading near the lows of this range.
Warning: ERCB has an average volume of 12390 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Considerably lower volume is observed in the last couple of days.
ERCB has a poor technical rating and the quality of the setup is also only medium 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
6.21
8.12
When analyzing the support we notice one important area.
- Support @6.27 from a horizontal line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 6.99 to 7.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.32 to 7.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.53 from a trend line in the daily time frame.
- A resistance zone ranging from 7.68 to 7.72. This zone is formed by a combination of multiple trend lines in the daily 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 | DOWN | NEGATIVE | The short term trend for ERCB.DE is down. |
| ChartMill Relative Strength | 18.48 | NEGATIVE | ERCB.DE has a low relative strength, it was outperformed by 81.52% 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) | DOWN | NEGATIVE | The current price of ERCB.DE is below 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) | 38.91 | NEUTRAL | The RSI value for ERCB.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ERCB.DE has a positive trend. |
| Stochastics (14,3) | 40.99 | NEUTRAL | The Stochastics value for ERCB.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for ERCB.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 45.33 | POSITIVE | The high ADX value value for ERCB.DE suggests a strong 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 (8/5/2025, 7:00:00 PM)
6.426
+0.01 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg0.09%
1 Week0.25%
2 Weeks-0.43%
1 Month-12.38%
3 Month-12.81%
6 Month-12.78%
12 Month4.83%
2 Year36.16%
3 Year-12.33%
5 Year-33.81%
10 Year-26.79%
15 Year-15.25%
Volatility
ATR(14)0.09
ATR(20)%1.98%
ATR Inc-34.49%
Range Today0.02
ADR(20)0.08
ADR(20)%1.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.48
Mansfield-1.83
10 Day High6.54
10 Day Low6.25
20 Day High7.03
20 Day Low6.25
52 Week High8.51
52 Week Low6.02
CS1 End6.27
CR1 Start6.99
Volume & EV
DER(3)-4.6%
DER(5)-4.43%
Volume27.14K
Volume Incr-42.29%
Vol(5)7.76K
Vol(50)12.39K