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Stock Trend Analysis Report

Prepared for you on Thursday, September 12, 2024.

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

Countertrend Up (+85) - ERIC is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
7.2600 7.2900 7.1645 7.2850 -0.0450
Entry Signal

MarketClub’s Trade Triangles for ERIC

long term up The long-term trend has been UP since May 20th, 2024 at 5.7860

intermediate term up The intermediate-term trend has been UP since Aug 15th, 2024 at 6.9599

short term down The short-term trend has been DOWN since Sep 3rd, 2024 at 7.3700

Smart Scan Analysis for ERIC

Based on our trend formula, ERIC is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for ERIC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.2600 7.2900 7.1645 7.2850 -0.0450
Prev. Close Volume Bid Ask Time
7.2900 12776383 2024-09-11 15:58:53
Year High9.45Year High Date2018-10-19
Year Low6Year Low Date2018-04-04
52wk High7.4852wk High Date2024-08-29
52wk Low4.3352wk Low Date2023-10-30
Year End Close10.1Average Volume14,726,662
Shares Outstanding1,613,000Short Interest8,713,451
% Institutional4.3Market Cap2,565M
Assets278,486,000MLiabilities194,646,000M
P/E Ratio16.7267Beta1.35
Volatility34.5
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