Londinia Opportunities Analyses - 01/20/2022 (GMT) ERICSSON ADS - 1H
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 11.30 USD
My targets
11.62 USD (+1.57%)
12.19 USD (+6.56%)
My analysis
ERICSSON ADS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 11.30 USD. The next resistance located at 11.62 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 12.19 USD. After this resistance, buyers could then target 13.29 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The ERICSSON ADS price is 11.44 USD. On the day, this instrument gained +0.88% and was between 11.40 USD and 11.49 USD. This implies that the price is at +0.35% from its lowest and at -0.44% from its highest.11.40
11.49
11.44
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ERICSSON ADS chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
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 resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.99 | 11.13 | 11.30 | 11.44 | 11.44 | 11.62 | 12.19 |
| Change (%) | -3.93% | -2.71% | -1.22% | 0% | - | +1.57% | +6.56% |
| Change | -0.45 | -0.31 | -0.14 | 0 | - | +0.18 | +0.75 |
| Level | Major | Intermediate | Minor | Minor | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.16 | 11.22 | 11.28 | 11.34 | 11.40 | 11.46 | 11.52 |
| Camarilla | 11.31 | 11.32 | 11.33 | 11.34 | 11.35 | 11.36 | 11.37 |
| Woodie | 11.16 | 11.22 | 11.28 | 11.34 | 11.40 | 11.46 | 11.52 |
| Fibonacci | 11.22 | 11.27 | 11.29 | 11.34 | 11.39 | 11.41 | 11.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.31 | 10.59 | 10.98 | 11.26 | 11.65 | 11.93 | 12.32 |
| Camarilla | 11.18 | 11.24 | 11.30 | 11.36 | 11.42 | 11.48 | 11.54 |
| Woodie | 10.36 | 10.62 | 11.03 | 11.29 | 11.70 | 11.96 | 12.37 |
| Fibonacci | 10.59 | 10.85 | 11.01 | 11.26 | 11.52 | 11.68 | 11.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.10 | 9.52 | 10.19 | 10.61 | 11.28 | 11.70 | 12.37 |
| Camarilla | 10.57 | 10.67 | 10.77 | 10.87 | 10.97 | 11.07 | 11.17 |
| Woodie | 9.24 | 9.58 | 10.33 | 10.67 | 11.42 | 11.76 | 12.51 |
| Fibonacci | 9.52 | 9.93 | 10.19 | 10.61 | 11.02 | 11.28 | 11.70 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.12 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 7.22 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 11.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.25 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 11.24 | |
| Zig ZAG (10): | 11.44 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 76.12 | |
| TEMA (21): | 11.42 | |
| Williams %R (14): | -22.00 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 2.01 |
| MA7: | 11.35 | |
| MA20: | 11.06 | |
| MA50: | 10.73 | |
| MA100: | 11.10 | |
| MAexp7: | 11.42 | |
| MAexp20: | 11.39 | |
| MAexp50: | 11.32 | |
| MAexp100: | 11.17 | |
| Price / MA7: | +0.79% | |
| Price / MA20: | +3.44% | |
| Price / MA50: | +6.62% | |
| Price / MA100: | +3.06% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | +1.06% | |
| Price / MAexp100: | +2.42% |
Quotes :
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15 min delayed data
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Actions NASDAQ
News
Don't forget to follow the news on ERICSSON ADS. At the time of publication of this analysis, the latest news was as follows:
- VONAGE INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Vonage Holdings Corp. - VG
- Ericsson ConsumerLab: Ten Hot Consumer Trends 2030 - the hybrid mall
- VIAVI Brings its Geolocation Capabilities to the Ericsson Intelligent Automation Platform
- Ericsson helps Nex-Tech Wireless bridge the digital divide with 5G in rural Kansas
- Shareholder Alert: Ademi LLP investigates whether Vonage Holdings Corp. has obtained a Fair Price in its going private transaction with Ericsson