Stock Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Ericsson ADS (NASDAQ:ERIC)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ERIC
The long term trend has been UP since Dec 4th, 2019 at 9.24
The intermediate term trend has been UP since Jan 16th, 2020 at 9.03
The short term trend has been UP since Jan 16th, 2020 at 8.93
Smart Scan Analysis for ERIC
Based on a pre-defined weighted trend formula for chart analysis, ERIC scored +100 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||10.46||52wk High Date||2019-04-17|
|52wk Low||7.58||52wk Low Date||2019-08-28|
|Year End Close||10.1||Average Volume||5,030,757|
|Shares Outstanding||1,613,000||Short Interest||8,713,451|
|% Institutional||4.3||Market Cap||2,565M|