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Stock Trend Analysis Report

Prepared for you on Sunday, January 23, 2022.

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

Bear Market Rally (-75) - ERIC is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ERIC as it may be in the beginning of a reversal.

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
11.180 11.190 10.990 11.015 -0.245
Entry Signal

MarketClub’s Trade Triangles for ERIC

long term down The long-term trend has been DOWN since Jul 16th, 2021 at 12.40

intermediate term up The intermediate-term trend has been UP since Dec 15th, 2021 at 10.51

short term down The short-term trend has been DOWN since Jan 21st, 2022 at 11.21

Smart Scan Analysis for ERIC

Based on our trend formula, ERIC is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for ERIC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.180 11.190 10.990 11.015 -0.245
Prev. Close Volume Bid Ask Time
11.010 7458240 2022-01-21 15:59:44
Year High9.45Year High Date2018-10-19
Year Low6Year Low Date2018-04-04
52wk High15.31552wk High Date2021-01-27
52wk Low9.9352wk Low Date2021-12-03
Year End Close10.1Average Volume5,041,313
Shares Outstanding1,613,000Short Interest8,713,451
% Institutional4.3Market Cap2,565M
Assets271,530,000MLiabilities184,856,000M
P/E Ratio15.9162Beta1.35
Volatility34.5
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