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Stock Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Ericsson - American Depositary Shares each representing 1 underlying Class B share (NASDAQ:ERIC)

Sidelines Mode (-55) - ERIC is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

NASDAQ_ERIC
Open High Low ERIC Price Change
5.450 5.560 5.445 5.510 0.000
Entry Signal

MarketClub’s Trade Triangles for ERIC

long term up The long-term trend has been UP since Dec 5th, 2023 at 5.29

intermediate term down The intermediate-term trend has been DOWN since Mar 18th, 2024 at 5.38

short term up The short-term trend has been UP since Mar 28th, 2024 at 5.51

Smart Scan Analysis for ERIC

Based on our trend formula, ERIC is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for ERIC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.450 5.560 5.445 5.510 0.000
Prev. Close Volume Bid Ask Time
5.510 10160065 2024-03-28 15:59:58
Year High9.45Year High Date2018-10-19
Year Low6Year Low Date2018-04-04
52wk High6.3652wk High Date2023-12-27
52wk Low4.3352wk Low Date2023-10-30
Year End Close10.1Average Volume15,626,624
Shares Outstanding1,613,000Short Interest8,713,451
% Institutional4.3Market Cap2,565M
Assets297,036,000MLiabilities198,363,000M
P/E Ratio16.7267Beta1.35
Volatility34.5
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