Ericsson American Depositary Shares | ERIC

AI Analysis of Ericsson American Depositary Shares

Ericsson moved up less than 1% today. The market isn't being very decisive in its valuation of asset. It looks like ERIC may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. Momentum wise Ericsson , hasn't been very high in either direction over the last 3 month. So hard to say what it will do here.

If the price bounces off of the support and moves up it'll probably head up to the $11.06 level, at which point it may hit some selling pressure. If it punches through this support level, it can easily push down to $8.55 where it may meet further support, hopefully it can consolidate around that point.

Last analyzed on 2026-07-23

Companies with the highest correlation to Ericsson

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest Score
NOK \| Nokia Corporation	0.61	-5.48	-8.76	-29.31	-26.19	35.85	111.91	26	13.25	44.81	137.36	-2581.73	-16521.33	0	100	0.350558
RJF \| Raymond James Financial,	0.49	1.11	-0.20	12.04	7.98	-0.62	0.69	55	2.64	0.29	-1.78	-1128.89	-10489.28	0	0	3.17231
SCHW \| The Charles Schwab Corpor	0.39	-0.04	-0.95	12.02	11.42	-0.60	5.25	46	5.14	4.98	0.43	-1660.09	-14964.09	0	0	1.83254
DB \| Deutsche Bank Aktiengesel	0.37	2.07	0.45	3.92	13.61	-10.84	3.31	44	2.08	-0.24	-2.05	-4776.77	-3089.87	0	0	4.3165
CE \| Celanese Corporation Comm	0.34	-0.38	5.86	-4.55	-27.53	-0.74	-17.39	46	-10.09	-9.22	-8.49	-10534.25	315.81	0	0	6.61019
WPP \| WPP PLC	0.33	3.28	-2.47	16.09	3.28	-15.04	-35.90	51	-8.54	-18.83	-28.23	-1457.43	-2560.93	100	0	1.1
JPM \| JPMorgan Chase & Co.	0.32	0.93	4.22	7.33	14.20	18.62	19.09	61	14.93	10.90	18.31	0.00	-26225.70	0	0	1.04899

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