Telefonaktiebolaget LM Ericsson (publ) Stock Forecast
Telefonaktiebolaget LM Ericsson (publ) stock price ended at kr62.50 on Friday, after gaining 1.46%.
(Updated on May 17, 2024)
The Telefonaktiebolaget LM Ericsson (publ) stock price gained 1.46% on the last trading day (Friday, 17th May 2024), rising from kr61.60 to kr62.50. During the last trading day the stock fluctuated 1.62% from a day low at kr61.60 to a day high of kr62.60. The price has risen in 7 of the last 10 days and is up by 11.01% over the past 2 weeks. Volume fell on the last day by -36 thousand shares and in total, 51 thousand shares were bought and sold for approximately kr3.20 million. 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 upper part of a wide and weak rising 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 kr63.00 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.86% during the next 3 months and, with a 90% probability hold a price between kr57.49 and kr65.43 at the end of this 3-month period.
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ERIC-A.ST Signals & Forecast
Mostly positive signals in the chart today. 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 kr60.49 and kr57.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 14.68%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Telefonaktiebolaget LM Ericsson (publ) stock
Telefonaktiebolaget LM Ericsson (publ) finds support from accumulated volume at kr61.40 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 kr1.00 between high and low, or 1.62%. For the last week, the stock has had daily average volatility of 2.58%.
Our recommended stop-loss: kr59.65 (-4.55%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (ERIC-A.ST) 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 kr62.23, and during the day (based on 14 day Average True Range), to move between kr61.24 and kr63.76, which gives a possible trading interval of +/-kr1.26 (+/-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 4.03% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr61.40, some kr1.10 (1.76%) from the current price of kr62.50, our system finds the risk reward attractive.
Is Telefonaktiebolaget LM Ericsson (publ) stock A Buy?
Several short-term signals, along with a general good trend, 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.
Current score: 3.784 Buy Candidate Unchanged
Predicted Opening Price for Telefonaktiebolaget LM Ericsson (publ) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr62.23 ( 0.427%) | kr62.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ERIC-A.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.23 | 1.17 % | |
| R2 | 62.85 | 0.562 % | ||
| R1 | 62.62 | 0.185 % | ||
| Current price: | 62.50 | |||
| Support | S1 | 61.85 | -1.04 % | |
| S2 | 61.62 | -1.42 % | ||
| S3 | 61.23 | -2.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 62.50 | |||
| Support | S1 | 61.40 | -1.76% | |
| S2 | 57.40 | -8.16% | ||
| S3 | 56.30 | -9.92% |
ERIC-A Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 01, 2024 | Oct 01, 2024 | Oct 07, 2024 | kr1.35 | 2.16% |
| 2 | Apr 04, 2024 | Apr 04, 2024 | Apr 04, 2024 | kr0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | kr1.35 | 2.07% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Oct 14, 2022 | kr1.25 | 1.69% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | kr1.25 | 1.34% |
FAQ
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