ERICSSON (LM) TEL-SP ADR (ERIC) Stock Technical Analysis
NASDAQ:ERIC • US2948216088
Overall ERIC gets a technical rating of 10 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ERIC did better than 85% of all other stocks. On top of that, ERIC also shows a nice and consistent pattern of rising prices.
- ERIC is part of the Communications Equipment industry. There are 48 other stocks in this industry. ERIC outperforms 70% of them.
- ERIC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ERIC has a been trading in the 10.74 - 11.63 range, which is quite wide. It is currently trading near the high of this range.
- ERIC has an average volume of 9025990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
8.21
When analyzing the support we can see 4 important areas.
- A support zone ranging from 11.02 to 11.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.92 to 9.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.40 to 9.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.29 from a trend line in the weekly 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 | 85.38 | POSITIVE | ERIC has a high relative strength, it outperformed 85.38% 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) | 69.2 | 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) | 82 | OVERBOUGHT | The high Stochastics value suggests ERIC may be overbought. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for ERIC suggests low volalility. |
| Average Directional Index/ADX (14) | 29.02 | POSITIVE | The high ADX value value for ERIC suggests a strong trend. |
NASDAQ:ERIC (3/2/2026, 2:34:03 PM)
11.54
-0.06 (-0.52%)
ERICSSON (LM) TEL-SP ADR / ERIC FAQ
What is the technical rating for ERIC stock?
ChartMill assigns a technical rating of 10 / 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 69.1956. 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 -0.02109, indicating a bearish trend.
What is the buy/sell signal for ERIC stock?
The buy/sell signal for ERICSSON (LM) TEL-SP ADR (ERIC) is buy as both the short term and long term trends are positive.