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 ERCB.F
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Stronger technical forecast for Telefonaktiebolaget LM Ericsson (publ) stock price after Thursday trading.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Telefonaktiebolaget LM Ericsson (publ) stock price gained 2.29% on the last trading day (Thursday, 28th Mar 2024), rising from 5.03€ to 5.14€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.27% from a day low at 4.98€ to a day high of 5.14€. The price has risen in 6 of the last 10 days but is still down by -1.8% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 22 thousand more shares were traded than the day before. In total, 45 thousand shares were bought and sold for approximately 230.31€ thousand.

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 5.20€ 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 -11.27% during the next 3 months and, with a 90% probability hold a price between 4.04€ and 4.61€ 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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ERCB.F 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 5.04€ and 5.03€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 14, 2024, and so far it has risen 5.41%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Telefonaktiebolaget LM Ericsson (publ) stock

Telefonaktiebolaget LM Ericsson (publ) finds support from accumulated volume at 5.04€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.163€ between high and low, or 3.27%. For the last week the stock has had daily average volatility of 2.06%.

Our recommended stop-loss: 4.90€ (-4.73%) (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 (ERCB.F) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Telefonaktiebolaget LM Ericsson (publ) to open at 5.09€, and during the day (based on 14 day Average True Range), to move between 5.04€ and 5.24€, which gives a possible trading interval of +/-0.102€ (+/-1.98%) 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 3.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 5.04€ (1.93%) than the resistance at 5.29€ (2.96%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.308 Buy Candidate Upgraded

Predicted Opening Price for Telefonaktiebolaget LM Ericsson (publ) of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
5.09€ ( 1.06%) 5.14€

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

Trading levels for ERCB.F

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.25 2.11 %
R2 5.19 0.90 %
R1 5.15 0.154 %
Current price: 5.14
Support S1 5.03 -2.27 %
S2 4.99 -3.02 %
S3 4.92 -4.23 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 5.61 9.00 %
R2 5.56 8.13 %
R1 5.29 2.96 %
Current price 5.14
Support S1 5.04 -1.93%
S2 5.00 -2.68%
S3 4.88 -5.13%

ERCB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 04, 2024 Apr 04, 2024 Apr 04, 2024 0€ 0%
2 Sep 28, 2023 Sep 28, 2023 Sep 28, 2023 1.35€ 0%
3 Mar 30, 2023 Mar 30, 2023 Mar 30, 2023 1.35€ 0%
4 Sep 29, 2022 Sep 29, 2022 Oct 14, 2022 1.25€ 0%
5 Mar 30, 2022 Mar 30, 2022 Mar 30, 2022 1.25€ 0%

FAQ

What is the symbol for Telefonaktiebolaget LM Ericsson (publ) Stock and on which exchange is it traded?
The symbol for Telefonaktiebolaget LM Ericsson (publ) is ERCB.F and it is traded on the FRA (Frankfurt Stock Exchange).

Should I buy or sell Telefonaktiebolaget LM Ericsson (publ) 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

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

What's the current price of Telefonaktiebolaget LM Ericsson (publ) Stock?
As of the end of day on the 2024-03-28, the price of an Telefonaktiebolaget LM Ericsson (publ) (ERCB.F) share was 5.14€.

What is the 52-week high and low for Telefonaktiebolaget LM Ericsson (publ) Stock?
The 52-week high for Telefonaktiebolaget LM Ericsson (publ) Stock is 5.82€ and the 52-week low is 4.00€.

What is the market capitalization of Telefonaktiebolaget LM Ericsson (publ) Stock?
As of the 2024-03-28, the market capitalization of Telefonaktiebolaget LM Ericsson (publ) is 17.092B.
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About Telefonaktiebolaget LM Ericsson (publ)

Telefonaktiebolaget LM Ericsson (publ) 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... ERCB.F Profile

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