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Stock Trend Analysis Report
Prepared for you on Friday, November 22, 2024.
Ericsson - American Depositary Shares each representing 1 underlying Class B share (NASDAQ:ERIC)
Weak Downtrend (-65) - ERIC is showing signs of a strengthening downtrend. Monitor ERIC as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for ERIC
The long-term trend has been UP since May 20th, 2024 at 5.786
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 8.095
The short-term trend has been DOWN since Nov 21st, 2024 at 7.930
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.03 | 8.16 | 8.03 | 8.14 | +0.13 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.01 | 20301156 | 2024-11-22 15:59:32 |
| Year High | 9.45 | Year High Date | 2018-10-19 |
| Year Low | 6 | Year Low Date | 2018-04-04 |
| 52wk High | 8.6199 | 52wk High Date | 2024-10-15 |
| 52wk Low | 4.77 | 52wk Low Date | 2024-04-15 |
| Year End Close | 10.1 | Average Volume | 19,058,045 |
| Shares Outstanding | 1,613,000 | Short Interest | 8,713,451 |
| % Institutional | 4.3 | Market Cap | 2,565M |
| Assets | 272,450,000M | Liabilities | 185,820,000M |
| P/E Ratio | 16.7267 | Beta | 1.35 |
| Volatility | 34.5 |