Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
ERICSSON (LM) TEL B (NASDAQ:ERIXF)
Sidelines Mode (+50) - ERIXF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ERIXF can gain momentum.
Is it time to buy, sell, or avoid ERIXF?
MarketClub looks at technical strength and momentum to determine if the timing is right for ERIXF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for ERIXF
The long-term trend has been DOWN since Feb 24th, 2022 at 10.0121
The intermediate-term trend has been UP since Nov 14th, 2023 at 4.6850
The short-term trend has been UP since Nov 14th, 2023 at 4.6850
Smart Scan Analysis for ERIXF
Based on our trend formula, ERIXF is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.9827 | 4.9827 | 4.9827 | 4.9827 | +0.1027 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.8800 | 260 | 2023-11-29 12:10:00 |
| Year High | 9.44 | Year High Date | 2018-10-22 |
| Year Low | 6.138 | Year Low Date | 2018-04-05 |
| 52wk High | 6.466 | 52wk High Date | 2022-12-01 |
| 52wk Low | 4.33 | 52wk Low Date | 2023-10-27 |
| Year End Close | 9.94 | Average Volume | 169,742 |
| Shares Outstanding | 3,011,596 | % Institutional | 31.5 |
| Assets | 306,349,000M | Liabilities | 199,558,000M |
| Beta | 0.52 | Volatility | 39.51 |