ERICSSON LM-B SHS (ERICB.ST) Stock Technical Analysis
STO:ERICB - Nasdaq Stockholm AB - SE0000108656 - Common Stock - Currency: SEK
We assign a technical rating of 3 out of 10 to ERICB. Although ERICB is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
ERICB is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
When comparing the yearly performance of all stocks, we notice that ERICB is one of the better performing stocks in the market, outperforming 75% of all stocks.
ERICB has an average volume of 3350910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
ERICB 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 ERICB is lagging the market slightly.
ERICB has a poor technical rating and the quality of the setup is also not perfect 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
69.95
86.66
We found 3 important support areas.
- A support zone ranging from 79.70 to 79.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @73.84 from a trend line in the weekly time frame.
- Support @70.66 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 80.86 to 84.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @85.80 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 | NEUTRAL | NEUTRAL | The long term trend for ERICB.ST is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ERICB.ST is down. |
| ChartMill Relative Strength | 75.57 | POSITIVE | ERICB.ST has a high relative strength, it outperformed 75.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ERICB.ST is below a declining 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 | MIXED | The current price of ERICB.ST is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.61 | NEUTRAL | The RSI value for ERICB.ST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests ERICB.ST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.19 | NEUTRAL | The Stochastics value for ERICB.ST is a neutral value. |
| Average True Range in percent/ATR (20) | 1.61 | LOW VOLATILITY | The low ATR as a percentage value for ERICB.ST suggests low volalility. |
| Average Directional Index/ADX (14) | 15.62 | NEGATIVE | The low ADX value for ERICB.ST suggests a weak or negative 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)
STO:ERICB (6/19/2025, 5:30:45 PM)
80.64
-0.06 (-0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.07%
1 Week-0.1%
2 Weeks-2.75%
1 Month-4.84%
3 Month-3.45%
6 Month-9.49%
12 Month28.59%
2 Year38.06%
3 Year5.73%
5 Year-6.58%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.24
ATR(20)%1.61%
ATR Inc-27.32%
Range Today0.82
ADR(20)1.14
ADR(20)%1.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.57
Mansfield-0.48
10 Day High83.54
10 Day Low79.44
20 Day High85.88
20 Day Low79.44
52 Week High97.68
52 Week Low62.94
CS1 End79.95
CR1 Start80.86
Volume & EV
DER(3)-4.59%
DER(5)-2.04%
Volume2.32M
Volume Incr7.15%
Vol(5)2.61M
Vol(50)3.35M