ERICSSON LM-B SHS (ERCB.DE) Stock Technical Analysis
Europe - Frankfurt Stock Exchange - FRA:ERCB - SE0000108656 - Common Stock
We assign a technical rating of 3 out of 10 to ERCB. ERCB was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
- When comparing the yearly performance of all stocks, ERCB is a bad performer in the overall market: 69% of all stocks are doing better.
- Warning: ERCB has an average volume of 7736 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- ERCB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ERCB is lagging the market slightly.
- In the last month ERCB has a been trading in the 8.05 - 8.53 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- ERCB is part of the Communications Equipment industry. There are 32 other stocks in this industry, ERCB did better than 48% of them.
Although the technical rating is bad, ERCB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 8.21, a Stop Loss order could be placed below this zone.
More info and screens
6.05
5 important support areas can be observed.
- A support zone ranging from 8.06 to 8.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.93 from a trend line in the daily time frame.
- Support @6.84 from a trend line in the weekly time frame.
- Support @6.33 from a horizontal line in the weekly time frame.
- Support @6.11 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 8.31 to 8.40. 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 8.65 to 8.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for ERCB.DE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ERCB.DE is neutral. |
| ChartMill Relative Strength | 31.12 | NEUTRAL | ERCB.DE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ERCB.DE is above 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) | UP | POSITIVE | The current price of ERCB.DE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.48 | NEUTRAL | The RSI value for ERCB.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ERCB.DE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.72 | NEUTRAL | The Stochastics value for ERCB.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for ERCB.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 14.69 | NEGATIVE | The low ADX value for ERCB.DE suggests a weak or negative trend. |
FRA:ERCB (1/15/2026, 7:00:00 PM)
8.242
+0.14 (+1.7%)
ERICSSON LM-B SHS / ERCB.DE FAQ
Can you provide the ChartMill technical rating for ERICSSON LM-B SHS?
ChartMill assigns a technical rating of 3 / 10 to ERCB.DE.
What is the trend direction for ERCB stock?
The current trend direction for ERICSSON LM-B SHS (ERCB.DE) is Bullish.
What is the RSI signal for ERCB stock?
ERICSSON LM-B SHS (ERCB.DE) has an RSI value of 51.4816. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ERICSSON LM-B SHS?
The short term momentum for ERICSSON LM-B SHS (ERCB.DE) is neutral.
What are the support and resistance levels for ERICSSON LM-B SHS (ERCB.DE) stock?
ERICSSON LM-B SHS (ERCB.DE) has a support level at 8.21 and a resistance level at 8.31. Check the full technical report for our detailed analysis of ERCB.DE support and resistance levels.