RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ERIC
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Red day on Thursday for Ericsson
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 PDF

No changes to the price of Ericsson stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 2.11% from a day low at $5.45 to a day high of $5.56. The price has risen in 5 of the last 10 days but is still down by -2.99% for this period.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $5.63 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -11.23% during the next 3 months and, with a 90% probability hold a price between $4.30 and $5.00 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ERIC Signals & Forecast

The Ericsson stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $5.47 and $5.47. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 5.76%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Ericsson stock

Ericsson finds support from accumulated volume at $5.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.115 (2.11%) between high and low. For the last week, the stock has had daily average volatility of 1.82%.

Our recommended stop-loss: $5.25 (-4.77%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (ERIC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ericsson to open at $5.51, and during the day (based on 14 day Average True Range), to move between $5.39 and $5.63, which gives a possible trading interval of +/-$0.115 (+/-2.09%) up or down from last closing price. If Ericsson takes out the full calculated possible swing range there will be an estimated 4.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $5.49 (0.36%) than the resistance at $5.56 (0.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ericsson stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 1.478 Buy Candidate Unchanged

Predicted Opening Price for Ericsson of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$5.51 ( 0.0907%) $5.51

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ERIC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.62 2.00 %
R2 5.58 1.20 %
R1 5.55 0.707 %
Current price: 5.51
Support S1 5.46 -0.89 %
S2 5.43 -1.38 %
S3 5.39 -2.18 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 5.89 6.90 %
R2 5.66 2.72 %
R1 5.56 0.91 %
Current price 5.51
Support S1 5.49 -0.363%
S2 5.43 -1.45%
S3 5.35 -2.90%

ERIC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 23, 2024 Apr 04, 2024 Apr 04, 2024 $0.129 2.35%
2 Sep 28, 2023 Sep 28, 2023 Oct 04, 2023 $0.125 2.64%
3 Jan 20, 2023 Mar 30, 2023 Apr 14, 2023 $0.132 2.21%
4 Sep 07, 2022 Sep 29, 2022 Sep 30, 2022 $0.116 2.02%
5 Jan 27, 2022 Sep 30, 2021 Mar 31, 2022 $0.116 1.27%

FAQ

What is the symbol for Ericsson Stock and on which exchange is it traded?
The symbol for Ericsson is ERIC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Ericsson Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Ericsson Stock?
Ericsson Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Ericsson Stock.

What's the current price of Ericsson Stock?
As of the end of day on the 2024-03-28, the price of an Ericsson (ERIC) share was $5.51.

What is the 52-week high and low for Ericsson Stock?
The 52-week high for Ericsson Stock is $6.36 and the 52-week low is $4.33.

What is the market capitalization of Ericsson Stock?
As of the 2024-03-28, the market capitalization of Ericsson is 18.252B.

When is the next earnings date for Ericsson?
The upcoming earnings date for Ericsson is Apr 16, 2024.
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About Ericsson

Ericsson Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides communication infrastructure, services, and software solutions to the telecom and other sectors. It operates through four segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment offers radio access network solutions for various network spectrum bands, including integrated high-performing hardware and software. Thi... ERIC Profile

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