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 1 out of 10 in our technical rating. ERCB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
ERCB is one of the lesser performing stocks in the Communications Equipment industry. 70% of 25 stocks in the same industry do better.
In the last month ERCB has a been trading in the 6.87 - 7.40 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Warning: ERCB has an average volume of 8909 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, ERCB turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
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.
The technical rating of ERCB is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.26
8.12
We found 2 important support areas.
- Support @6.78 from a trend line in the weekly time frame.
- Support @6.32 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 7.17 to 7.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.64 to 7.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 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 | 42.36 | NEUTRAL | ERCB.DE is not amongst the best or worst performers 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) | 30.27 | 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. |
| Stochastics (14,3) | 1.57 | OVERSOLD | The low Stochastics value suggests ERCB.DE may be oversold. |
| Average True Range in percent/ATR (20) | 1.49 | LOW VOLATILITY | The low ATR as a percentage value for ERCB.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 22.17 | NEUTRAL | The ADX value for ERCB.DE suggests a possible start of a new 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 (7/14/2025, 7:00:00 PM)
6.872
-0.03 (-0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-0.46%
1 Week-6.58%
2 Weeks-5.16%
1 Month-5.4%
3 Month-5.21%
6 Month-17.3%
12 Month13.55%
2 Year50.7%
3 Year-5.38%
5 Year-29.75%
10 Year-29.39%
15 Year-18.92%
Volatility
ATR(14)0.09
ATR(20)%1.49%
ATR Inc-22.53%
Range Today0.06
ADR(20)0.06
ADR(20)%0.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.36
Mansfield-1.28
10 Day High7.37
10 Day Low6.87
20 Day High7.4
20 Day Low6.87
52 Week High8.51
52 Week Low5.87
CS1 End6.78
CR1 Start7.17
Volume & EV
DER(3)-0.62%
DER(5)-7.48%
Volume26.84K
Volume Incr21.54%
Vol(5)10.18K
Vol(50)8.91K