9.34 USD
-0.02 (-0.21%)
9.5944 USD
+0.25 (+2.72%)
Overall ERIC gets a technical rating of 5 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month ERIC has a been trading in the 9.29 - 9.96 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that ERIC is one of the better performing stocks in the market, outperforming 71% of all stocks.
ERIC 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 ERIC is lagging the market slightly.
ERIC has an average volume of 10344800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ERIC is part of the Communications Equipment industry. There are 48 other stocks in this industry, ERIC did better than 55% of them.
ERIC has an average technical rating and it also 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
7.55
10.20
When analyzing the support we can see 4 important areas.
- A support zone ranging from 9.31 to 9.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.05 from a trend line in the weekly time frame.
- Support @7.83 from a trend line in the daily time frame.
- Support @7.63 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 9.36 to 9.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.59 to 9.66. 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 9.99 to 10.10. 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 ERIC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ERIC is neutral. |
| ChartMill Relative Strength | 71.09 | POSITIVE | ERIC has a high relative strength, it outperformed 71.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ERIC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ERIC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ERIC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.8 | NEUTRAL | The RSI value for ERIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ERIC has a negative trend. |
| Stochastics (14,3) | 29.98 | NEUTRAL | The Stochastics value for ERIC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.72 | LOW VOLATILITY | The low ATR as a percentage value for ERIC suggests low volalility. |
| Average Directional Index/ADX (14) | 16.78 | NEGATIVE | The low ADX value for ERIC 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)
9.34
-0.02 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-0.21%
1 Week-1.68%
2 Weeks-3.41%
1 Month-2.51%
3 Month13.35%
6 Month16.17%
12 Month14.88%
2 Year69.51%
3 Year61.87%
5 Year-25.1%
10 Year4.94%
15 Year-24.49%
Volatility
ATR(14)0.17
ATR(20)%1.72%
ATR Inc119.92%
Range Today0.13
ADR(20)0.12
ADR(20)%1.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.09
3 months CRS82.36
6 months CRS77.81
Mansfield-0.07
10 Day High9.96
10 Day Low9.29
20 Day High9.96
20 Day Low9.29
52 Week High10.35
52 Week Low6.64
CS1 End9.33
CR1 Start9.36
Volume & EV
DER(3)-4.75%
DER(5)-3.24%
Volume12.85M
Volume Incr87.71%
Vol(5)11.62M
Vol(50)10.34M
ERICSSON (LM) TEL-SP ADR / ERIC FAQ
What is the technical rating for ERIC stock?
ChartMill assigns a technical rating of 5 / 10 to ERIC.
What is the current trend direction of ERICSSON (LM) TEL-SP ADR (ERIC) stock?
The current trend direction for ERICSSON (LM) TEL-SP ADR (ERIC) is Bullish.
What is the RSI signal for ERICSSON (LM) TEL-SP ADR (ERIC) stock?
ERICSSON (LM) TEL-SP ADR (ERIC) has an RSI value of 41.7963. This indicates that the stock is currently neutral.
What is the MACD signal for ERICSSON (LM) TEL-SP ADR (ERIC) stock?
The MACD indicator for ERICSSON (LM) TEL-SP ADR (ERIC) has a value of -0.034168, indicating a bearish trend.