Technical Analysis for ERIC - Ericsson

Grade Last Price % Change Price Change
C 5.21 -0.57% -0.03
ERIC closed down 0.76 percent on Thursday, April 25, 2024, on 84 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
1 Watcher
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Up

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish -0.57%
NR7 Range Contraction -0.57%
NR7-2 Range Contraction -0.57%
Overbought Stochastic Strength -0.57%
Gapped Down Weakness -0.57%
50 DMA Support Bullish -1.33%
Calm After Storm Range Contraction -1.33%
NR7 Range Contraction -1.33%
Stochastic Reached Overbought Strength -1.33%
Overbought Stochastic Strength -1.33%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 3 hours ago
Possible Inside Day about 3 hours ago
60 Minute Opening Range Breakdown about 6 hours ago
Possible NR7 1 day ago
50 DMA Support 1 day ago

Get a Trading Assistant

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

Profile

Ericsson Description

Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates in four segments: Networks, Global Services, Support Solutions, and ST-Ericsson. The Networks segment delivers products and solutions for mobile access, Internet protocol (IP) and transport networks, and core networks. This segment's products include radio access solutions; IP and transport solutions; transmission/backhaul solutions, which include microwave (MINI-LINK) and optical transmission solutions; switching and IP multimedia subsystem solutions; and operations support systems, as well as supports operators' management of existing networks. The Global Services segment delivers managed services, including solutions for designing, building, operating, and managing networks or solutions; maintenance and network sharing solutions; shared solutions; and broadcast and managed services. This segment also offers product-related services comprising services to expand, upgrade, restructure, or migrate networks; network-rollout services; and customer support and network optimization services, as well as provides consulting and systems integration services that include technology and operational consulting, integration of multi-vendor equipment, design and integration, and transforming programs; and industry specific solutions. The Support Solutions segment offers operations and business support systems, which enable networks and services management, and customer interaction and revenue management; television (TV) and media management services that enable operators, broadcasters, and content owners to create multiscreen TV; and M-commerce software solutions and hosted services. The ST-Ericsson segment offers modems and ModAps for handset and tablet manufacturers. The company has a strategic cooperation with Mobile Telesystems OJSC to develop ICT infrastructure for an LTE network. Ericsson was founded in 1876 and is headquartered in Stockholm, Sweden.


Classification

Sector: Technology
Industry: Communication Equipment
Keywords: Telecommunications Microwave Communications Equipment Telecommunications Equipment Internet Protocol Modem Backhaul Network Operators Revenue Management Managed Services Business Support System Ericsson Industry Specific Solutions Operations Support System Optimization Services Business Support Systems Media Management Systems Integration Services Transport Solutions

Is ERIC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 6.2093
52 Week Low 4.2274
Average Volume 17,795,785
200-Day Moving Average 5.10
50-Day Moving Average 5.27
20-Day Moving Average 5.14
10-Day Moving Average 5.08
Average True Range 0.15
RSI (14) 51.92
ADX 15.09
+DI 27.16
-DI 21.90
Chandelier Exit (Long, 3 ATRs) 5.02
Chandelier Exit (Short, 3 ATRs) 5.22
Upper Bollinger Bands 5.48
Lower Bollinger Band 4.80
Percent B (%b) 0.64
BandWidth 13.21
MACD Line -0.03
MACD Signal Line -0.07
MACD Histogram 0.0397
Fundamentals Value
Market Cap 17.45 Billion
Num Shares 3.33 Billion
EPS -0.76
Price-to-Earnings (P/E) Ratio -6.89
Price-to-Sales 0.07
Price-to-Book 1.94
PEG Ratio 3.53
Dividend 2.70
Dividend Yield 51.53%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.38
Resistance 3 (R3) 5.37 5.32 5.35
Resistance 2 (R2) 5.32 5.29 5.32 5.34
Resistance 1 (R1) 5.28 5.26 5.30 5.29 5.34
Pivot Point 5.23 5.23 5.24 5.23 5.23
Support 1 (S1) 5.19 5.20 5.21 5.20 5.14
Support 2 (S2) 5.14 5.17 5.14 5.14
Support 3 (S3) 5.10 5.14 5.13
Support 4 (S4) 5.11