Technical Analysis for ERIXF - Telefonaktiebolaget LM Ericsson (publ)

Grade Last Price % Change Price Change
grade B 9.085 10.12% 0.8350
ERIXF closed up 10.12 percent on Thursday, October 17, 2019, on 4.77 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. 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 ERIXF trend table...

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Crossed Above 200 DMA Bullish 0.00%
Crossed Above 50 DMA Bullish 0.00%
Volume Surge Other 0.00%
Stochastic Reached Overbought Strength 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 10.12%

Older signals for ERIXF ...

Get a Trading Sidekick!

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.
Configure default chart indicators
Basic chart:
Profile
Telefonaktiebolaget LM Ericsson (publ) provides information and communications technology solutions for networks, IT and cloud, and media markets worldwide. It operates through four segments: Networks, Digital Services, Managed Services, and Other. The Networks segment provides mobile radio access networks, transport solutions, and site solutions, as well as related services, such as network rollout, network tuning, and customer support. The Digital Services segment offers products and services for service providers in the areas of operations support systems and business support systems; packet core and communication; network functions virtualization and cloud infrastructure; application development and modernization; and consulting services. The Managed Services segment provides vendor agnostic services, including networks and IT managed, and network design and optimization services to manage service provider's networks. Telefonaktiebolaget LM Ericsson (publ) has a strategic partnership with the Fujitsu Limited to deliver 5G network solutions and related services; and a collaboration with Intel Corporation to develop software defined infrastructure for network functions virtualization, distributed cloud, and 5G applications. The company was founded in 1876 and is headquartered in Stockholm, Sweden.
Telecommunications Emerging Technologies Cloud Computing Cloud Infrastructure Mobile Telecommunications Network Architecture Managed Services Ericsson Optimization Services Business Support Systems 5g Transport Solutions Communications Technology Solutions Media Markets Network Function Virtualization
Is ERIXF a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 10.41
52 Week Low 6.138
Average Volume 291,758
200-Day Moving Average 8.8196
50-Day Moving Average 8.6785
20-Day Moving Average 8.0887
10-Day Moving Average 8.2124
Average True Range 0.2812
ADX 18.27
+DI 54.2062
-DI 31.0846
Chandelier Exit (Long, 3 ATRs ) 8.4164
Chandelier Exit (Short, 3 ATRs ) 8.4736
Upper Bollinger Band 8.7448
Lower Bollinger Band 7.4326
Percent B (%b) 1.26
BandWidth 16.222632
MACD Line -0.04
MACD Signal Line -0.1724
MACD Histogram 0.1324
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.4300
Resistance 3 (R3) 9.4500 9.3550 9.3725
Resistance 2 (R2) 9.3550 9.2671 9.3450 9.3533
Resistance 1 (R1) 9.2200 9.2129 9.2875 9.2000 9.3342
Pivot Point 9.1250 9.1250 9.1588 9.1150 9.1250
Support 1 (S1) 8.9900 9.0371 9.0575 8.9700 8.8358
Support 2 (S2) 8.8950 8.9829 8.8850 8.8167
Support 3 (S3) 8.7600 8.8950 8.7975
Support 4 (S4) 8.7400