ERICSSON (LM) TEL-SP ADR (ERIC) Stock Technical Analysis
NASDAQ:ERIC - Nasdaq - US2948216088 - ADR - Currency: USD
Taking everything into account, ERIC scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ERIC has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ERIC did better than 92% of all other 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 79% of them.
ERIC is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ERIC is performing more or less in line with the market.
ERIC has an average volume of 27743100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month ERIC has a been trading in the 8.13 - 8.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ERIC 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
7.19
9.00
When analyzing the support we can see 2 important areas.
- A support zone ranging from 8.08 to 8.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.26 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @8.67 from a horizontal line in the weekly time frame.
- 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.
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 | UP | POSITIVE | The short term trend for ERIC is up. |
| ChartMill Relative Strength | 92.17 | POSITIVE | ERIC has a high relative strength, it outperformed 92.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ERIC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ERIC is above the rising 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) | 60.61 | NEUTRAL | The RSI value for ERIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ERIC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.72 | NEUTRAL | The Stochastics value for ERIC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for ERIC suggests low volalility. |
| Average Directional Index/ADX (14) | 20.99 | NEUTRAL | The ADX value for ERIC suggests a possible start of a new 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)
8.66
-0.11 (-1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-1.25%
1 Week2.24%
2 Weeks4.46%
1 Month5.74%
3 Month9.48%
6 Month6.39%
12 Month47.78%
2 Year67.83%
3 Year7.18%
5 Year-5.25%
10 Year-23.09%
15 Year-13.74%
Volatility
ATR(14)0.15
ATR(20)%1.68%
ATR Inc2.68%
Range Today0.12
ADR(20)0.12
ADR(20)%1.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.17
Mansfield1.19
10 Day High8.99
10 Day Low8.29
20 Day High8.99
20 Day Low8.13
52 Week High8.99
52 Week Low5.76
CS1 End8.28
CR1 Start8.67
Volume & EV
DER(3)3.17%
DER(5)2.21%
Volume28.48M
Volume Incr8.14%
Vol(5)29.24M
Vol(50)27.74M