ERICSSON LM-B SHS (ERICB.ST) Stock Technical Analysis
STO:ERICB - Nasdaq Stockholm AB - SE0000108656 - Common Stock - Currency: SEK
Taking everything into account, ERICB scores 0 out of 10 in our technical rating. ERICB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
75% of all other stocks performed better in the past year than ERICB.
ERICB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ERICB has a been trading in the 71.04 - 82.37 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
ERICB has an average volume of 2891660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
The technical rating of ERICB is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
69.95
85.16
When analyzing the support we notice one important area.
- Support @70.66 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 78.44 to 79.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 81.30 to 81.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @84.32 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 | 25.13 | NEGATIVE | ERICB.ST has a low relative strength, it was outperformed by 74.87% 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) | DOWN | NEGATIVE | The current price of ERICB.ST is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ERICB.ST is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 21.5 | OVERSOLD | The low RSI value suggests ERICB.ST may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.8 | NEGATIVE | The MACD value suggests ERICB.ST has a negative trend. |
| Stochastics (14,3) | 5.69 | OVERSOLD | The low Stochastics value suggests ERICB.ST may be oversold. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for ERICB.ST suggests some volalility. |
| Average Directional Index/ADX (14) | 21.39 | NEUTRAL | The ADX value for ERICB.ST 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)
STO:ERICB (7/16/2025, 5:30:45 PM)
72.1
+0.7 (+0.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.98%
1 Week-12.99%
2 Weeks-12.28%
1 Month-11.96%
3 Month-8.86%
6 Month-25.11%
12 Month1.42%
2 Year35%
3 Year-7.12%
5 Year-29.06%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.66
ATR(20)%2.24%
ATR Inc174.89%
Range Today3.5
ADR(20)1.39
ADR(20)%1.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.13
Mansfield-1.91
10 Day High82.37
10 Day Low71.04
20 Day High82.37
20 Day Low71.04
52 Week High97.68
52 Week Low66.24
CS1 End70.66
CR1 Start78.44
Volume & EV
DER(3)-6.62%
DER(5)-7.9%
Volume14.10M
Volume Incr130.99%
Vol(5)5.54M
Vol(50)2.89M