Telefonaktiebolaget LM Ericsson (publ) Stock Forecast
Green day on Monday for Telefonaktiebolaget LM Ericsson (publ) stock after gaining 0.110%
(Updated on Jun 17, 2024)
The Telefonaktiebolaget LM Ericsson (publ) stock price gained 0.110% on the last trading day (Monday, 17th Jun 2024), rising from 5.48€ to 5.48€. During the last trading day the stock fluctuated 0.732% from a day low at 5.47€ to a day high of 5.51€. The price has fallen in 6 of the last 10 days and is down by -5.02% for this period. Volume fell on the last day by -46 thousand shares and in total, 7 thousand shares were bought and sold for approximately 36.36€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.88% during the next 3 months and, with a 90% probability hold a price between 6.28€ and 7.07€ at the end of this 3-month period.
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ERCB.DE Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -6.16%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Telefonaktiebolaget LM Ericsson (publ) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 5.64€. On a fall, the stock will find some support from the long-term average at approximately 5.36€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for Telefonaktiebolaget LM Ericsson (publ) stock
Telefonaktiebolaget LM Ericsson (publ) finds support from accumulated volume at 5.48€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.0400€ between high and low, or 0.732%. For the last week the stock has had daily average volatility of 1.52%.
Our recommended stop-loss: 5.18€ (-5.54%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (ERCB.DE) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Telefonaktiebolaget LM Ericsson (publ) to open at 5.48€, and during the day (based on 14 day Average True Range), to move between 5.38€ and 5.58€, which gives a possible trading interval of +/-0.102€ (+/-1.85%) 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 3.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 5.48€ (0.11%) than the resistance at 5.50€ (0.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Telefonaktiebolaget LM Ericsson (publ) stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.628 Buy Candidate Unchanged
Predicted Opening Price for Telefonaktiebolaget LM Ericsson (publ) of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| 5.48€ ( 0.0486%) | 5.48€ |
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 | |
|---|---|---|
| R3 | 5.52 | 0.778% |
| R2 | 5.51 | 0.500% |
| R1 | 5.50 | 0.327% |
| Price | 5.48 | |
| S1 | 5.47 | -0.230% |
| S2 | 5.46 | -0.402% |
| S3 | 5.44 | -0.681% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.77 | 5.29% |
| R2 | 5.65 | 3.03% |
| R1 | 5.50 | 0.365% |
| Price | 5.48 | |
| S1 | 5.48 | -0.109% |
| S2 | 5.25 | -4.23% |
| S3 | 4.65 | -15.25% |
ERCB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 01, 2024 | Oct 01, 2024 | Oct 07, 2024 | 0.117€ | 2.13% |
| 2 | Apr 04, 2024 | Apr 04, 2024 | Apr 10, 2024 | 0.117€ | 2.46% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Oct 04, 2023 | 0.116€ | 2.56% |
| 4 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | 1.35€ | 25.38% |
| 5 | Sep 29, 2022 | Sep 29, 2022 | Oct 14, 2022 | 1.25€ | 19.56% |
FAQ
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