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What Can We Expect from Ericsson in 3Q17?

PART:
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Part 7
What Can We Expect from Ericsson in 3Q17? PART 7 OF 7

Where Ericsson Is Trading in October Compared to Estimates

Stock trends

Since the start of 2017, Ericsson (ERIC) stock has fallen 2.6% after falling ~36.0% in 2016. The stock has generated returns of -1.0% in the past five trading days. In the trailing 12-month period, ERIC stock has fallen more than 20.0%, while in the past one-month period, it has fallen 1.2%.

Among Ericsson’s technology (QQQ) peers, Cisco Systems (CSCO), Juniper Networks (JNPR), and Nokia (NOK) have generated returns of 6.3%, 14.5%, and 4.0%, respectively, in the trailing 12-month period.

Where Ericsson Is Trading in October Compared to Estimates

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Moving averages

On October 5, 2017, Ericsson closed the trading day at $5.68. Based on that price, the stock’s moving averages are as follows:

  • 12.0% below its 100-day moving average of $6.46
  • 3.8% below its 50-day moving average of $5.91
  • 0.42% below its 20-day moving average of $5.70

Analyst recommendations

Of the 12 analysts tracking Ericsson, four have given the stock a “buy” recommendation, and seven have recommended a “hold.” There was one “sell” recommendation for the stock.

The analysts’ price target for Ericsson stock is $6.32 with a median target estimate of $6.20. Ericsson is now trading at a discount of 9.0% to the median analyst estimate.

RSI and MACD

Ericsson’s 14-day MACD (moving average convergence divergence) is -0.09. A stock’s MACD is the difference between its short-term and long-term moving averages. Since Ericsson’s MACD is negative, it indicates a downward trading pattern.

Ericsson also has a 14-day RSI (relative strength index) score of 44, which shows that the stock is trading closer to the oversold territory. If an RSI is above 70, it indicates that a stock has been overbought, while an RSI figure below 30 suggests that a stock has been oversold.

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