ERICSSON LM-A SHS (ERCG.DE) Stock Technical Analysis
FRA:ERCG - Deutsche Boerse Ag - SE0000108649 - Common Stock - Currency: EUR
We assign a technical rating of 7 out of 10 to ERCG. ERCG has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Warning: ERCG has an average volume of 868 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 neutral. So this is evolving in the right direction.
ERCG is one of the better performing stocks in the Communications Equipment industry, it outperforms 70% of 25 stocks in the same industry.
ERCG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ERCG is leading the market.
In the last month ERCG has a been trading in the 6.12 - 8.26 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that ERCG is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ERCG has an excellent technical rating, it 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
5.13
8.46
We found 4 important support areas.
- A support zone ranging from 7.34 to 7.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.20 from a trend line in the daily time frame.
- A support zone ranging from 6.08 to 6.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @5.18 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 8.27 to 8.38. 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 | NEUTRAL | NEUTRAL | The long term trend for ERCG.DE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ERCG.DE is up. |
| ChartMill Relative Strength | 92.61 | POSITIVE | ERCG.DE has a high relative strength, it outperformed 92.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ERCG.DE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ERCG.DE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ERCG.DE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.42 | NEUTRAL | The RSI value for ERCG.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ERCG.DE has a positive trend. |
| Stochastics (14,3) | 82.4 | OVERBOUGHT | The high Stochastics value suggests ERCG.DE may be overbought. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for ERCG.DE suggests some volalility. |
| Average Directional Index/ADX (14) | 19.14 | NEGATIVE | The low ADX value for ERCG.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:ERCG (5/30/2025, 7:00:00 PM)
8.04
+0.19 (+2.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg2.42%
1 Week23.5%
2 Weeks5.65%
1 Month1.77%
3 Month4.15%
6 Month64.08%
12 Month43.57%
2 Year49.17%
3 Year-5.96%
5 Year-11.16%
10 Year-15.62%
15 Year21.45%
Volatility
ATR(14)0.4
ATR(20)%4.06%
ATR Inc-38.6%
Range Today0.19
ADR(20)0.03
ADR(20)%0.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.61
Mansfield1.62
10 Day High8.04
10 Day Low6.12
20 Day High8.26
20 Day Low6.12
52 Week High8.26
52 Week Low4.38
CS1 End7.38
CR1 Start8.27
Volume & EV
DER(3)53.84%
DER(5)37.71%
Volume188
Volume Incr6.29%
Vol(5)1.22K
Vol(50)868.92