ERICSSON (LM) TEL-SP ADR (ERIC) Stock Technical Analysis
NASDAQ:ERIC - Nasdaq - US2948216088 - ADR - Currency: USD
We assign a technical rating of 0 out of 10 to ERIC. ERIC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
71% of all other stocks performed better in the past year than ERIC.
ERIC is part of the Communications Equipment industry. There are 48 other stocks in this industry, of which 74% are performing better than ERIC.
In the last month ERIC has a been trading in the 7.16 - 8.64 range, which is quite wide. It is currently trading near the lows of this range.
ERIC has an average volume of 20144000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ERIC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ERIC is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
ERIC has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
6.89
8.99
2 important support areas can be observed.
- Support @7.23 from a trend line in the daily time frame.
- Support @6.96 from a horizontal line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 7.64 to 7.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @8.30 from a trend line in the daily time frame.
- Resistance @8.50 from a horizontal line in the weekly time frame.
- Resistance @8.66 from a horizontal line in the daily time frame.
- Resistance @8.90 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for ERIC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ERIC is down. |
| ChartMill Relative Strength | 29.93 | NEGATIVE | ERIC has a low relative strength, it was outperformed by 70.07% 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) | DOWN | NEGATIVE | The current price of ERIC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.4 | NEUTRAL | The RSI value for ERIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ERIC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10 | OVERSOLD | The low Stochastics value suggests ERIC may be oversold. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for ERIC suggests some volalility. |
| Average Directional Index/ADX (14) | 36.71 | POSITIVE | The high ADX value value for ERIC suggests a strong 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)
7.25
+0.03 (+0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg0.42%
1 Week-3.2%
2 Weeks-2.82%
1 Month-15.11%
3 Month-13.07%
6 Month-3.2%
12 Month7.57%
2 Year40.5%
3 Year-2.42%
5 Year-37.77%
10 Year-25.72%
15 Year-24.71%
Volatility
ATR(14)0.18
ATR(20)%2.49%
ATR Inc-47.95%
Range Today0.1
ADR(20)0.15
ADR(20)%2.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.93
Mansfield-1.47
10 Day High7.65
10 Day Low7.16
20 Day High8.64
20 Day Low7.16
52 Week High8.99
52 Week Low6.41
CS1 End7.23
CR1 Start7.64
Volume & EV
DER(3)5.28%
DER(5)4.06%
Volume16.45M
Volume Incr-45.64%
Vol(5)12.53M
Vol(50)20.14M