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Stock Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

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

Bull Market Weakness (+75) - ERIC is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ERIC as it may be in the beginning stages 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
5.1000 5.2200 5.0900 5.1755 +0.1555
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 up The intermediate-term trend has been UP since Nov 14th, 2023 at 4.70

short term up The short-term trend has been UP since Dec 4th, 2023 at 5.07

Smart Scan Analysis for ERIC

Based on our trend formula, ERIC is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for ERIC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.1000 5.2200 5.0900 5.1755 +0.1555
Prev. Close Volume Bid Ask Time
5.0200 12153535 2023-12-04 11:30:49
Year High9.45Year High Date2018-10-19
Year Low6Year Low Date2018-04-04
52wk High6.81552wk High Date2022-12-13
52wk Low4.3352wk Low Date2023-10-30
Year End Close10.1Average Volume7,385,279
Shares Outstanding1,613,000Short Interest8,713,451
% Institutional4.3Market Cap2,565M
Assets306,349,000MLiabilities199,558,000M
P/E Ratio15.0751Beta1.35
Volatility34.5
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