ERICSSON (LM) TEL-SP ADR (ERIC) Stock Technical Analysis
NASDAQ:ERIC - Nasdaq - US2948216088 - ADR - Currency: USD
Overall ERIC gets a technical rating of 10 out of 10. ERIC 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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ERIC is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by ERIC over the past year are nicely spread over this period.
ERIC is part of the Communications Equipment industry. There are 49 other stocks in this industry. ERIC outperforms 87% of them.
ERIC is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so ERIC slightly outperforms the market at the moment.
In the last month ERIC has a been trading in the 6.64 - 8.45 range, which is quite wide. It is currently trading near the high of this range.
ERIC has an average volume of 26929500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, ERIC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for ERIC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.06
9.00
2 important support areas can be observed.
- A support zone ranging from 8.22 to 8.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.13 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @8.35 from a trend line in the daily time frame.
- Resistance @8.50 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 8.66 to 8.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 8.90 to 8.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.85
Mansfield1.2
10 Day High8.45
10 Day Low8.06
20 Day High8.45
20 Day Low6.64
52 Week High8.9
52 Week Low5.22
Performance
1 Week1.83%
2 Weeks2.08%
1 Month11.5%
3 Month11.35%
6 Month-1.53%
12 Month60.08%
2 Year61.63%
3 Year3.22%
5 Year-8.75%
10 Year-25.93%
15 Year-16.93%
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)
Technical Indicators
MACD(12,26,9)0.05
RSI(14)59.53
LBB7.71
UBB8.62
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 8.36 | 8.21 | 0.15 (1.79%) | 25.00% |
| An entry @8.36. This is a Buy Stop order right above the resistance zone. | An exit @8.21. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.15 points, which is 1.79%. | For a 0.45% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ERIC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
8.34
+0.11 (+1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg1.34%
1 Week1.83%
2 Weeks2.08%
1 Month11.5%
3 Month11.35%
6 Month-1.53%
12 Month60.08%
2 Year61.63%
3 Year3.22%
5 Year-8.75%
10 Year-25.93%
15 Year-16.93%
Volatility
ATR(14)0.23
ATR(20)%3.58%
ATR Inc-35.4%
Range Today0.14
ADR(20)0.24
ADR(20)%2.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.85
Mansfield1.2
10 Day High8.45
10 Day Low8.06
20 Day High8.45
20 Day Low6.64
52 Week High8.9
52 Week Low5.22
CS1 End8.33
CR1 Start8.35
Volume & EV
DER(3)4.43%
DER(5)3.44%
Volume29.24M
Volume Incr-15.46%
Vol(5)26.66M
Vol(50)26.93M