Stock Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
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, SHORTSYMBOL 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.
MarketClub’s Trade Triangles for ERIC
The long-term trend has been DOWN since Jul 16th, 2021 at 12.40
The intermediate-term trend has been DOWN since Oct 25th, 2021 at 11.14
The short-term trend has been DOWN since Nov 15th, 2021 at 10.95
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).
|Year High||9.45||Year High Date||2018-10-19|
|Year Low||6||Year Low Date||2018-04-04|
|52wk High||15.315||52wk High Date||2021-01-27|
|52wk Low||10.125||52wk Low Date||2021-11-23|
|Year End Close||10.1||Average Volume||6,264,154|
|Shares Outstanding||1,613,000||Short Interest||8,713,451|
|% Institutional||4.3||Market Cap||2,565M|