ERICSSON LM-A SHS (ERCG.DE) Stock Technical Analysis
Europe - Frankfurt Stock Exchange - FRA:ERCG - SE0000108649 - Common Stock
We assign a technical rating of 9 out of 10 to ERCG. In the last year, ERCG was one of the better performers, but we do observe some doubts in the very recent evolution.
Although ERCG has an excellent technical rating, it does not present a decent entry opportunity 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
6.02
We found 3 important support areas.
- A support zone ranging from 8.11 to 8.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.55 from a trend line in the daily time frame.
- Support @6.08 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 8.32 to 8.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.75 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for ERCG.DE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ERCG.DE is neutral. |
| ChartMill Relative Strength | 93.02 | POSITIVE | ERCG.DE has a high relative strength, it outperformed 93.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ERCG.DE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ERCG.DE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ERCG.DE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.11 | NEUTRAL | The RSI value for ERCG.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ERCG.DE has a negative trend. |
| Stochastics (14,3) | 52.86 | NEUTRAL | The Stochastics value for ERCG.DE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for ERCG.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 10.82 | NEGATIVE | The low ADX value for ERCG.DE suggests a weak or negative trend. |
FRA:ERCG (1/9/2026, 7:00:00 PM)
8.19
-0.2 (-2.38%)
ERICSSON LM-A SHS / ERCG.DE FAQ
Can you provide the ChartMill technical rating for ERICSSON LM-A SHS?
ChartMill assigns a technical rating of 9 / 10 to ERCG.DE.
What is the current trend direction of ERICSSON LM-A SHS (ERCG.DE) stock?
The current trend direction for ERICSSON LM-A SHS (ERCG.DE) is Bullish.
What is the RSI signal for ERCG stock?
ERICSSON LM-A SHS (ERCG.DE) has an RSI value of 45.1118. This indicates that the stock is currently neutral.
What is the short term momentum for ERICSSON LM-A SHS (ERCG.DE) stock?
The short term momentum for ERICSSON LM-A SHS (ERCG.DE) is neutral.
Can you provide the support and resistance levels for ERICSSON LM-A SHS?
ERICSSON LM-A SHS (ERCG.DE) has a support level at 8.18 and a resistance level at 8.32. Check the full technical report for our detailed analysis of ERCG.DE support and resistance levels.