Stock Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Ericsson ADS (NASDAQ:ERIC)
Bull Market Weakness (+75) - ERIC is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.
MarketClub’s Trade Triangles for ERIC
The long-term trend has been DOWN since Feb 28th, 2020 at 7.82
The intermediate-term trend has been UP since May 20th, 2020 at 8.71
The short-term trend has been UP since May 18th, 2020 at 8.51
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).
|Year High||9.45||Year High Date||2018-10-19|
|Year Low||6||Year Low Date||2018-04-04|
|52wk High||10.46||52wk High Date||2019-04-17|
|52wk Low||6.15||52wk Low Date||2020-03-16|
|Year End Close||10.1||Average Volume||9,726,275|
|Shares Outstanding||1,613,000||Short Interest||8,713,451|
|% Institutional||4.3||Market Cap||2,565M|