ERICSSON ADS

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Change:	-
Volume:	-

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High / Low range:	-

Type:	Stocks
Ticker:	ERIC
ISIN:

ERICSSON ADS - Daily - Technical analysis published on 02/24/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Neutral

De fond: Bullish

Technical indicators

44%

50%

My opinion

Bullish above 11.65 USD

My targets

12.80 USD (+3.06%)

13.65 USD (+9.90%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 11.65 USD remains possible. It is advisable to trade ERICSSON ADS with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 11.65 USD. The next bullish objective for buyers is set at 12.80 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13.65 USD. If there is any crossing, the next objective would be the resistance located at 15.38 USD. PS: if there is a bearish break in the support located at 11.65 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.

Force

0.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by savas. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ERICSSON ADS rating 12.42 USD. The price registered a decrease of -1.51% on the session with the lowest point at 12.39 USD and the highest point at 12.50 USD. The deviation from the price is +0.24% for the low point and -0.64% for the high point.

12.39

12.50

12.42

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this Daily chart of ERICSSON ADS indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Downside gap

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.39	11.65	12.36	12.42	12.80	13.65	15.38
Change (%)	-16.34%	-6.20%	-0.48%	-	+3.06%	+9.90%	+23.83%
Change	-2.03	-0.77	-0.06	-	+0.38	+1.23	+2.96
Level	Major	Major	Major	-	Intermediate	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.16	12.26	12.44	12.54	12.71	12.81	12.99
Camarilla	12.53	12.56	12.59	12.61	12.64	12.66	12.69
Woodie	12.20	12.28	12.47	12.56	12.75	12.83	13.02
Fibonacci	12.26	12.37	12.43	12.54	12.64	12.71	12.81

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.89	12.35	12.60	13.06	13.31	13.77	14.02
Camarilla	12.66	12.72	12.79	12.85	12.92	12.98	13.05
Woodie	11.79	12.30	12.50	13.01	13.21	13.72	13.92
Fibonacci	12.35	12.62	12.79	13.06	13.33	13.50	13.77

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.14	9.34	10.91	13.11	14.68	16.88	18.45
Camarilla	11.43	11.78	12.12	12.47	12.82	13.16	13.51
Woodie	6.82	9.18	10.59	12.95	14.36	16.72	18.13
Fibonacci	9.34	10.78	11.67	13.11	14.55	15.44	16.88

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	43.30
MACD (12,26,9):	0.1300
Directional Movement:	10.07
AROON (14):	-57.15
DEMA (21):	13.07
Parabolic SAR (0,02-0,02-0,2):	14.22
Elder Ray (13):	-0.45
Super Trend (3,10):	13.43
Zig ZAG (10):	12.42
VORTEX (21):	0.9000
Stochastique (14,3,5):	9.53
TEMA (21):	13.01
Williams %R (14):	-95.20
Chande Momentum Oscillator (20):	-0.71
Repulse (5,40,3):	-0.3300
ROCnROLL:	-1
TRIX (15,9):	0.3300
Courbe Coppock:	2.65

MA7:	12.89
MA20:	12.99
MA50:	12.33
MA100:	12.00
MAexp7:	12.82
MAexp20:	12.84
MAexp50:	12.49
MAexp100:	12.04
Price / MA7:	-3.65%
Price / MA20:	-4.39%
Price / MA50:	+0.73%
Price / MA100:	+3.50%
Price / MAexp7:	-3.12%
Price / MAexp20:	-3.27%
Price / MAexp50:	-0.56%
Price / MAexp100:	+3.16%

Quotes : 2021-02-24 18:16:09 - 15 min delayed data - NASDAQ Stocks

News

The last news published on ERICSSON ADS at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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