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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.

NASDAQ_ERIC
Open High Low ERIC Price Change
9.090 9.090 8.960 9.005 -0.075
Entry Signal

MarketClub’s Trade Triangles for ERIC

long term up The long term trend has been UP since Dec 4th, 2019 at 9.24

intermediate term up The intermediate term trend has been UP since Jan 16th, 2020 at 9.03

short term up 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).

+100
Smart Scan Analysis for ERIC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.090 9.090 8.960 9.005 -0.075
Prev. Close Volume Bid Ask Time
8.630 5399650 2020-01-17 15:59:43
Year High9.45Year High Date2018-10-19
Year Low6Year Low Date2018-04-04
52wk High10.4652wk High Date2019-04-17
52wk Low7.5852wk Low Date2019-08-28
Year End Close10.1Average Volume5,030,757
Shares Outstanding1,613,000Short Interest8,713,451
% Institutional4.3Market Cap2,565M
Assets283,958,000MLiabilities199,339,000M
P/E Ratio-10.2659Beta1.35
Volatility34.5
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