ERICSSON (LM) TEL-SP ADR (ERIC) Stock Technical Analysis
NASDAQ:ERIC - US2948216088 - ADR
7.93 USD
0 (0%)
7.89 USD
-0.04 (-0.5%)
Overall ERIC gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ERIC was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ERIC is a bad performer in the overall market: 67% of all stocks are doing better.
ERIC is one of the lesser performing stocks in the Communications Equipment industry. 70% of 48 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ERIC has a been trading in the 7.16 - 7.95 range, which is quite wide. It is currently trading near the high of this range.
ERIC has an average volume of 16045800 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 currently trading near new highs, so ERIC is lagging the market.
Considerably lower volume is observed in the last couple of days.
The technical rating of ERIC is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.89
9.00
2 important support areas can be observed.
- A support zone ranging from 7.22 to 7.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.96 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @8.11 from a trend line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for ERIC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ERIC is up. |
| ChartMill Relative Strength | 33.73 | 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) | DOWN | MIXED | The current price of ERIC is above 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) | 63.55 | NEUTRAL | The RSI value for ERIC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ERIC has a positive trend. |
| Stochastics (14,3) | 92.22 | OVERBOUGHT | The high Stochastics value suggests ERIC may be overbought. |
| Average True Range in percent/ATR (20) | 1.31 | LOW VOLATILITY | The low ATR as a percentage value for ERIC suggests low volalility. |
| Average Directional Index/ADX (14) | 20.07 | 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)
7.93
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg0%
1 Week3.12%
2 Weeks6.16%
1 Month7.02%
3 Month-6.26%
6 Month-3.76%
12 Month6.44%
2 Year53.68%
3 Year6.73%
5 Year-31.93%
10 Year-18.75%
15 Year-17.65%
Volatility
ATR(14)0.1
ATR(20)%1.31%
ATR Inc69.74%
Range Today0.06
ADR(20)0.08
ADR(20)%0.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.73
Mansfield-0.92
10 Day High7.95
10 Day Low7.53
20 Day High7.95
20 Day Low7.16
52 Week High8.99
52 Week Low6.64
CS1 End7.39
CR1 Start8.11
Volume & EV
DER(3)11.18%
DER(5)9.36%
Volume11.68M
Volume Incr-22.9%
Vol(5)8.32M
Vol(50)16.05M