Stock Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
Ericsson ADS (NASDAQ:ERIC)
Countertrend Up (+85) - ERIC is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ERIC?
MarketClub looks at technical strength and momentum to determine if the timing is right for ERIC.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ERIC
The long-term trend has been UP since Jun 1st, 2020 at 9.15
The intermediate-term trend has been UP since May 20th, 2020 at 8.71
The short-term trend has been DOWN since Aug 6th, 2020 at 11.60
Smart Scan Analysis for ERIC
Based on our trend formula, ERIC is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||9.45||Year High Date||2018-10-19|
|Year Low||6||Year Low Date||2018-04-04|
|52wk High||10.06||52wk High Date||2019-06-20|
|52wk Low||6.15||52wk Low Date||2020-03-16|
|Year End Close||10.1||Average Volume||8,399,595|
|Shares Outstanding||1,613,000||Short Interest||8,713,451|
|% Institutional||4.3||Market Cap||2,565M|