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 1 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, ERICB is a bad performer in the overall market: 77% of all stocks are doing better.
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 69.89 - 74.76 range, which is quite wide. It is currently trading near the high of this range.
ERICB has an average volume of 2981370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
ERICB has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 73.56, a Stop Loss order could be placed below this zone.
More info and screens
69.56
85.16
When analyzing the support we notice one important area.
- A support zone ranging from 70.26 to 73.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- Resistance @74.42 from a horizontal line in the daily time frame.
- Resistance @77.50 from a trend line in the daily time frame.
- Resistance @81.62 from a trend line in the daily time frame.
- A resistance zone ranging from 83.36 to 84.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for ERICB.ST is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ERICB.ST is neutral. |
| ChartMill Relative Strength | 23 | NEGATIVE | ERICB.ST has a low relative strength, it was outperformed by 77% 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) | 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) | 51.64 | NEUTRAL | The RSI value for ERICB.ST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.51 | POSITIVE | The MACD value suggests ERICB.ST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.42 | OVERBOUGHT | The high Stochastics value suggests ERICB.ST may be overbought. |
| Average True Range in percent/ATR (20) | 1.36 | LOW VOLATILITY | The low ATR as a percentage value for ERICB.ST suggests low volalility. |
| Average Directional Index/ADX (14) | 27.5 | POSITIVE | The high ADX value value for ERICB.ST suggests a strong 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 (8/21/2025, 5:30:45 PM)
74.06
-0.2 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.27%
1 Week0.98%
2 Weeks2.49%
1 Month2.89%
3 Month-10.77%
6 Month-13.18%
12 Month-1.49%
2 Year31.1%
3 Year-7.42%
5 Year-26.27%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.9
ATR(20)%1.36%
ATR Inc-44.12%
Range Today0.48
ADR(20)0.92
ADR(20)%1.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23
Mansfield-1.68
10 Day High74.76
10 Day Low72.2
20 Day High74.76
20 Day Low69.89
52 Week High97.68
52 Week Low66.24
CS1 End73.56
CR1 Start74.42
Volume & EV
DER(3)1.76%
DER(5)1.47%
Volume1.90M
Volume Incr-24.57%
Vol(5)1.79M
Vol(50)2.98M