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Stock Trend Analysis Report

Prepared for you on Saturday, January 28, 2023.

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

Long-Term Downtrend (-90) - ERIC is in a strong downtrend that is likely to continue. While ERIC is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
5.790 5.840 5.760 5.825 -0.045
Entry Signal

MarketClub’s Trade Triangles for ERIC

long term down The long-term trend has been DOWN since Feb 23rd, 2022 at 9.93

intermediate term down The intermediate-term trend has been DOWN since Jan 20th, 2023 at 5.75

short term down The short-term trend has been DOWN since Jan 19th, 2023 at 6.00

Smart Scan Analysis for ERIC

Based on our trend formula, ERIC is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ERIC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.790 5.840 5.760 5.825 -0.045
Prev. Close Volume Bid Ask Time
5.870 9533949 2023-01-27 15:59:34
Year High9.45Year High Date2018-10-19
Year Low6Year Low Date2018-04-04
52wk High12.77852wk High Date2022-02-09
52wk Low5.15552wk Low Date2022-10-20
Year End Close10.1Average Volume11,850,091
Shares Outstanding1,613,000Short Interest8,713,451
% Institutional4.3Market Cap2,565M
Assets361,166,000MLiabilities222,559,000M
P/E Ratio9.6229Beta1.35
Volatility34.5
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