Stock Trend Analysis Report
Prepared for you on Saturday, May 15, 2021.
Ericsson - American Depositary Shares each representing 1 underlying Class B share (NASDAQ:ERIC)
Crossroads (-60) - ERIC is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 9.150
The intermediate-term trend has been DOWN since May 4th, 2021 at 13.520
The short-term trend has been DOWN since May 11th, 2021 at 13.595
Smart Scan Analysis for ERIC
Based on our trend formula, ERIC is rated as a -60 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||15.315||52wk High Date||2021-01-27|
|52wk Low||7.945||52wk Low Date||2020-05-14|
|Year End Close||10.1||Average Volume||6,747,840|
|Shares Outstanding||1,613,000||Short Interest||8,713,451|
|% Institutional||4.3||Market Cap||2,565M|