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Stock Trend Analysis Report

Prepared for you on Thursday, November 7, 2024.

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

Weak Uptrend (+65) - ERIC is showing signs of weakening momentum to the upside. Monitor 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
8.23 8.29 8.20 8.25 +0.07
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 Oct 31st, 2024 at 8.4700

Smart Scan Analysis for ERIC

Based on our trend formula, ERIC is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for ERIC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.23 8.29 8.20 8.25 +0.07
Prev. Close Volume Bid Ask Time
8.18 16412168 2024-11-07 15:59:47
Year High9.45Year High Date2018-10-19
Year Low6Year Low Date2018-04-04
52wk High8.619952wk High Date2024-10-15
52wk Low4.5452wk Low Date2023-11-10
Year End Close10.1Average Volume18,131,142
Shares Outstanding1,613,000Short Interest8,713,451
% Institutional4.3Market Cap2,565M
Assets272,450,000MLiabilities185,820,000M
P/E Ratio16.7267Beta1.35
Volatility34.5
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