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Stock Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

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

Strong Uptrend (+100) - ERIC is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ERIC continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
6.110 6.170 6.075 6.105 +0.145
Entry Signal

MarketClub’s Trade Triangles for ERIC

long term up The long-term trend has been UP since May 20th, 2024 at 5.786

intermediate term up The intermediate-term trend has been UP since May 13th, 2024 at 5.375

short term up The short-term trend has been UP since Jun 20th, 2024 at 5.950

Smart Scan Analysis for ERIC

Based on our trend formula, ERIC is rated as a +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
6.110 6.170 6.075 6.105 +0.145
Prev. Close Volume Bid Ask Time
5.960 13851184 2024-06-24 15:59:31
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 Volume13,691,673
Shares Outstanding1,613,000Short Interest8,713,451
% Institutional4.3Market Cap2,565M
Assets299,523,000MLiabilities190,386,000M
P/E Ratio16.7267Beta1.35
Volatility34.5
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