Telefonaktiebolaget LM Ericsson (publ) Stock Forecast
Telefonaktiebolaget LM Ericsson (publ) stock price ended at kr57.36 on Wednesday, after losing 1.00%.
(Updated on Apr 24, 2024)
The Telefonaktiebolaget LM Ericsson (publ) stock price fell by -1.00% on the last day (Wednesday, 24th Apr 2024) from kr57.94 to kr57.36. During the last trading day the stock fluctuated 2.74% from a day low at kr57.00 to a day high of kr58.56. The price has risen in 6 of the last 10 days and is up by 4.37% over the past 2 weeks. Volume has increased on the last day by 87 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 9 million shares were bought and sold for approximately kr502.83 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.78% during the next 3 months and, with a 90% probability hold a price between kr51.92 and kr57.01 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-B.ST 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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at kr56.30 and kr56.66. 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). 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, April 23, 2024, and so far it has fallen -1.00%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Telefonaktiebolaget LM Ericsson (publ) stock
Telefonaktiebolaget LM Ericsson (publ) finds support from accumulated volume at kr57.17 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 kr1.56 between high and low, or 2.74%. For the last week, the stock has had daily average volatility of 2.60%.
Our recommended stop-loss: kr55.48 (-3.28%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (ERIC-B.ST) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Telefonaktiebolaget LM Ericsson (publ) to open at kr57.64, and during the day (based on 14 day Average True Range), to move between kr55.88 and kr58.84, which gives a possible trading interval of +/-kr1.48 (+/-2.58%) 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 5.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr57.17 (0.33%) than the resistance at kr57.73 (0.65%), 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?
Telefonaktiebolaget LM Ericsson (publ) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.247 Hold/Accumulate Unchanged
Predicted Opening Price for Telefonaktiebolaget LM Ericsson (publ) of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| kr57.64 ( 0.488%) | kr57.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ERIC-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.20 | 3.21 % | |
| R2 | 58.60 | 2.17 % | ||
| R1 | 58.24 | 1.53 % | ||
| Current price: | 57.36 | |||
| Support | S1 | 57.04 | -0.551 % | |
| S2 | 56.68 | -1.19 % | ||
| S3 | 56.08 | -2.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 60.72 | 5.86 % | |
| R2 | 59.35 | 3.47 % | ||
| R1 | 57.73 | 0.645 % | ||
| Current price | 57.36 | |||
| Support | S1 | 57.17 | -0.331% | |
| S2 | 54.90 | -4.29% | ||
| S3 | 54.54 | -4.92% |
ERIC-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 01, 2024 | Oct 01, 2024 | Oct 07, 2024 | kr1.35 | 2.36% |
| 2 | Apr 04, 2024 | Apr 04, 2024 | Apr 04, 2024 | kr0 | 0% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | kr1.35 | 2.25% |
| 4 | Sep 29, 2022 | Sep 29, 2022 | Oct 14, 2022 | kr1.25 | 1.76% |
| 5 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | kr1.25 | 1.43% |
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