Telefonaktiebolaget LM Ericsson (publ) Stock Forecast
Green day on Friday for Telefonaktiebolaget LM Ericsson (publ) stock after gaining 0.153%
(Updated on May 17, 2024)
The Telefonaktiebolaget LM Ericsson (publ) stock price gained 0.153% on the last trading day (Friday, 17th May 2024), rising from 5.24€ to 5.25€. During the last trading day the stock fluctuated 1.54% from a day low at 5.18€ to a day high of 5.26€. The price has risen in 7 of the last 10 days and is up by 7.16% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 36 thousand more shares were traded than the day before. In total, 55 thousand shares were bought and sold for approximately 291.22€ thousand.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 5.26€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Telefonaktiebolaget LM Ericsson (publ) stock with a 90% probability to be traded between 4.49€ and 5.16€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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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ERCB.DE Signals & Forecast
The Telefonaktiebolaget LM Ericsson (publ) 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 5.13€ and 4.91€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Telefonaktiebolaget LM Ericsson (publ) has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -0.266%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Telefonaktiebolaget LM Ericsson (publ) stock
Telefonaktiebolaget LM Ericsson (publ) finds support from accumulated volume at 5.00€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.0800€ between high and low, or 1.54%. For the last week, the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: 5.06€ (-3.61%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (ERCB.DE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Telefonaktiebolaget LM Ericsson (publ) to open at 5.23€, and during the day (based on 14 day Average True Range), to move between 5.14€ and 5.36€, which gives a possible trading interval of +/-0.105€ (+/-2.01%) up or down from last closing price. If Telefonaktiebolaget LM Ericsson (publ) takes out the full calculated possible swing range there will be an estimated 4.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 5.26€ (0.27%) than the support at 5.00€ (4.69%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Telefonaktiebolaget LM Ericsson (publ) stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Telefonaktiebolaget LM Ericsson (publ) stock to perform well in the short-term period.
Current score: 1.029 Buy Candidate Unchanged
Predicted Opening Price for Telefonaktiebolaget LM Ericsson (publ) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 5.23€ ( 0.356%) | 5.25€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ERCB.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.31 | 1.17 % | |
| R2 | 5.28 | 0.586 % | ||
| R1 | 5.26 | 0.227 % | ||
| Current price: | 5.25 | |||
| Support | S1 | 5.20 | -0.94 % | |
| S2 | 5.18 | -1.30 % | ||
| S3 | 5.15 | -1.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 5.29 | 0.762 % | ||
| R1 | 5.26 | 0.267 % | ||
| Current price | 5.25 | |||
| Support | S1 | 5.00 | -4.69% | |
| S2 | 4.98 | -5.10% | ||
| S3 | 4.65 | -11.50% |
ERCB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 01, 2024 | Oct 01, 2024 | Oct 07, 2024 | 0.117€ | 2.21% |
| 2 | Apr 04, 2024 | Apr 04, 2024 | Apr 04, 2024 | 0€ | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | 1.35€ | 25.33% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Oct 14, 2022 | 1.25€ | 19.41% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | 1.25€ | 14.83% |
FAQ
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