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.
MarketClub’s Trade Triangles for ERIC
The long-term trend has been DOWN since Jul 16th, 2021 at 12.40
The intermediate-term trend has been UP since Dec 15th, 2021 at 10.51
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).
|Year High||9.45||Year High Date||2018-10-19|
|Year Low||6||Year Low Date||2018-04-04|
|52wk High||15.315||52wk High Date||2021-01-27|
|52wk Low||9.93||52wk Low Date||2021-12-03|
|Year End Close||10.1||Average Volume||5,041,313|
|Shares Outstanding||1,613,000||Short Interest||8,713,451|
|% Institutional||4.3||Market Cap||2,565M|