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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.

NASDAQ_ERIC
Open High Low ERIC Price Change
11.61 11.70 11.56 11.63 -0.08
Entry Signal

MarketClub’s Trade Triangles for ERIC

long term up The long-term trend has been UP since Jun 1st, 2020 at 9.15

intermediate term up The intermediate-term trend has been UP since May 20th, 2020 at 8.71

short term down 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).

+85
Smart Scan Analysis for ERIC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.61 11.70 11.56 11.63 -0.08
Prev. Close Volume Bid Ask Time
8.76 5451311 2020-08-07 15:59:30
Year High9.45Year High Date2018-10-19
Year Low6Year Low Date2018-04-04
52wk High10.0652wk High Date2019-06-20
52wk Low6.1552wk Low Date2020-03-16
Year End Close10.1Average Volume8,399,595
Shares Outstanding1,613,000Short Interest8,713,451
% Institutional4.3Market Cap2,565M
Assets292,307,000MLiabilities212,466,000M
P/E Ratio146Beta1.35
Volatility34.5
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