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Stock Trend Analysis Report

Prepared for you on Sunday, October 2, 2022.

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

Strong Downtrend (-100) - ERIC is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ERIC continues to fall. Traders should use caution and set stops.

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
5.750 5.865 5.740 5.745 -0.005
Entry Signal

MarketClub’s Trade Triangles for ERIC

long term down The long-term trend has been DOWN since Feb 23rd, 2022 at 9.93

intermediate term down The intermediate-term trend has been DOWN since Sep 14th, 2022 at 7.10

short term down The short-term trend has been DOWN since Sep 14th, 2022 at 7.21

Smart Scan Analysis for ERIC

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

-100
Smart Scan Analysis for ERIC
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.750 5.865 5.740 5.745 -0.005
Prev. Close Volume Bid Ask Time
5.740 12711529 2022-09-30 15:59:52
Year High9.45Year High Date2018-10-19
Year Low6Year Low Date2018-04-04
52wk High12.77852wk High Date2022-02-09
52wk Low5.6552wk Low Date2022-09-29
Year End Close10.1Average Volume7,592,572
Shares Outstanding1,613,000Short Interest8,713,451
% Institutional4.3Market Cap2,565M
Assets305,614,000MLiabilities196,839,000M
P/E Ratio15.9162Beta1.35
Volatility34.5
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