ERICSSON (LM) TEL-SP ADR (ERIC) Stock Technical Analysis
USA - NASDAQ:ERIC - US2948216088 - ADR
8.42 USD
+0.07 (+0.84%)
8.42 USD
0 (0%)
Taking everything into account, ERIC scores 8 out of 10 in our technical rating. Although ERIC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
ERIC is part of the Communications Equipment industry. There are 48 other stocks in this industry, of which 63% are performing better than ERIC.
The long and short term trends are both positive. This is looking good!
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.
In the last month ERIC has a been trading in the 7.87 - 8.43 range, which is quite wide. It is currently trading near the high of this range.
ERIC has an average volume of 10305200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, ERIC turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
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
7.12
9.00
We found 3 important support areas.
- A support zone ranging from 8.03 to 8.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.46 to 7.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.19 to 7.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- 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.
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 | 56.73 | NEUTRAL | ERIC is not amongst the best or worst performers 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) | 67.33 | NEUTRAL | The RSI value for ERIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ERIC has a positive trend. |
| Stochastics (14,3) | 94.15 | OVERBOUGHT | The high Stochastics value suggests ERIC may be overbought. |
| Average True Range in percent/ATR (20) | 1.48 | LOW VOLATILITY | The low ATR as a percentage value for ERIC suggests low volalility. |
| Average Directional Index/ADX (14) | 20.56 | 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)
8.42
+0.07 (+0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg0.84%
1 Week2.81%
2 Weeks4.34%
1 Month5.12%
3 Month-1.41%
6 Month20.8%
12 Month13.63%
2 Year88.79%
3 Year51.17%
5 Year-24.89%
10 Year-13.55%
15 Year-23.32%
Volatility
ATR(14)0.12
ATR(20)%1.48%
ATR Inc-16.58%
Range Today0.09
ADR(20)0.1
ADR(20)%1.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.73
Mansfield-0.68
10 Day High8.43
10 Day Low8.05
20 Day High8.43
20 Day Low7.87
52 Week High8.99
52 Week Low6.64
CS1 End8.24
CR1 Start8.5
Volume & EV
DER(3)1.01%
DER(5)1.28%
Volume14.98M
Volume Incr20.49%
Vol(5)13.63M
Vol(50)10.31M