Technical Analysis for ERIC - Ericsson

Grade Last Price % Change Price Change
grade B 9.12 0.22% 0.02
ERIC closed down 0.33 percent on Monday, November 18, 2019, on 52 percent of normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Up Up
See historical ERIC trend table...

Date Alert Name Type % Chg
200 DMA Support Bullish 0.22%
Bollinger Band Squeeze Range Contraction 0.22%
Stochastic Reached Overbought Strength 0.22%
Overbought Stochastic Strength 0.22%
Crossed Above 200 DMA Bullish -0.11%
Crossed Above 20 DMA Bullish -0.11%
Bollinger Band Squeeze Range Contraction -0.11%
Gapped Up Strength -0.11%
Fell Below 20 DMA Bearish 2.36%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 2.36%

Older signals for ERIC ...

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Basic chart:
Profile
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.
Telecommunications Software Solutions Microwave Telecommunications Equipment Internet Protocol Backhaul Machine To Machine Managed Services Revenue Management Ericsson Systems Integration Services Business Support Systems Industry Specific 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
Summary: Counts: 2 bullish, 0 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 10.46
52 Week Low 7.58
Average Volume 5,713,528
200-Day Moving Average 9.0581
50-Day Moving Average 8.515
20-Day Moving Average 8.9485
10-Day Moving Average 8.976
Average True Range 0.1548
ADX 21.78
+DI 35.8689
-DI 22.3679
Chandelier Exit (Long, 3 ATRs ) 8.7656
Chandelier Exit (Short, 3 ATRs ) 9.104400000000001
Upper Bollinger Band 9.2107
Lower Bollinger Band 8.6863
Percent B (%b) 0.79
BandWidth 5.8602
MACD Line 0.1377
MACD Signal Line 0.1452
MACD Histogram -0.0076
Fundamentals Value
Market Cap 29.81 Billion
Num Shares 3.28 Billion
EPS -0.53
Price-to-Earnings (P/E) Ratio -17.17
Price-to-Sales 0.75
Price-to-Book 1.29
PEG Ratio 23.54
Dividend 0.11
Dividend Yield 1.21%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.25
Resistance 3 (R3) 9.24 9.19 9.23
Resistance 2 (R2) 9.19 9.15 9.19 9.22
Resistance 1 (R1) 9.14 9.12 9.17 9.15 9.21
Pivot Point 9.09 9.09 9.10 9.09 9.09
Support 1 (S1) 9.04 9.05 9.07 9.05 8.99
Support 2 (S2) 8.99 9.02 8.99 8.98
Support 3 (S3) 8.94 8.99 8.98
Support 4 (S4) 8.95