ERICSSON LM-B SHS (ERICB.ST) Technical Analysis
STO:ERICB • SE0000108656
Current stock price
ERICB.ST Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to ERICB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ERICB is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, ERICB did better than 86% of all other stocks. We also observe that the gains produced by ERICB over the past year are nicely spread over this period.
- ERICB 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 ERICB is performing more or less in line with the market.
- In the last month ERICB has a been trading in the 99.50 - 112.60 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- ERICB has an average volume of 3665370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ERICB.ST Weekly and Daily overview Charts
ERICB.ST Setup Rating and Analysis
Besides having an excellent technical rating, ERICB also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 107.22, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ERICB 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
ERICB.ST Support and Resistance Analysis
91.30
4 important support areas can be observed.
- A support zone ranging from 106.00 to 107.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @98.42 from a horizontal line in the daily time frame.
- Support @95.61 from a trend line in the weekly time frame.
- Support @92.22 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @111.70 from a horizontal line in the daily time frame.
ERICB.ST Technical Indicator Signal Analysis
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 ERICB.ST is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ERICB.ST is up. |
| ChartMill Relative Strength | 86.1 | POSITIVE | ERICB.ST has a high relative strength, it outperformed 86.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ERICB.ST is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ERICB.ST is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ERICB.ST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.96 | NEUTRAL | The RSI value for ERICB.ST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests ERICB.ST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.6 | NEUTRAL | The Stochastics value for ERICB.ST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for ERICB.ST suggests some volalility. |
| Average Directional Index/ADX (14) | 21.87 | NEUTRAL | The ADX value for ERICB.ST suggests a possible start of a new trend. |
ERICB.ST Chart- and CandleStick Pattern Analysis
ERICB.ST Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 111.71 | 105.99 | 5.72 (5.12%) | 19.53% |
| An entry @111.71. This is a Buy Stop order right above the resistance zone. | An exit @105.99. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.72 points, which is 5.12%. | When investing 19.53% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ERICB.ST Technicals: Chart, Performance Metrics, Trend & Indicators
STO:ERICB (4/2/2026, 1:00:45 PM)
107.8
-0.5 (-0.46%)
ERICSSON LM-B SHS / ERICB.ST TA FAQ
What is the ChartMill technical rating of ERICSSON LM-B SHS (ERICB.ST) stock?
ChartMill assigns a technical rating of 10 / 10 to ERICB.ST.
What is the current trend direction of ERICSSON LM-B SHS (ERICB.ST) stock?
The current trend direction for ERICSSON LM-B SHS (ERICB.ST) is Bullish.
Can you provide the RSI signal for ERICSSON LM-B SHS?
ERICSSON LM-B SHS (ERICB.ST) has an RSI value of 55.9634. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ERICSSON LM-B SHS?
The short term momentum for ERICSSON LM-B SHS (ERICB.ST) is positive.
What is the support and resistance level for ERICB stock?
ERICSSON LM-B SHS (ERICB.ST) has a support level at 107.22 and a resistance level at 111.7. Check the full technical report for our detailed analysis of ERICB.ST support and resistance levels.