Ericsson’s stock returns
Ericsson (ERIC) stock has returned 4.5% in the last 12 months, 5.5% in the last month, and 0.8% in the last five days. Ericsson stock fell 36% in 2016 and rose 16.5% in 2017. Since the start of 2018, it’s risen just over 17%.
Analysts’ recommendations and price targets
Of the ten analysts tracking Ericsson, two have recommended “buys,” six have recommended “holds,” and two have recommended “sells” on the stock. Analysts’ 12-month average price target for Ericsson is $7.46, and their median estimate is $7.35. Ericsson is trading at a premium of 4.3% to analysts’ median estimate.
On July 11, Ericsson closed the trading day at $7.68. Based on that price, the stock is trading as follows:
- 7% above its 100-day moving average of $7.15
- 1% above its 50-day moving average of $7.60
- 0.4% below its 20-day moving average of $7.71
MACD and RSI
Ericsson’s 14-day MACD (moving average convergence divergence) is 0.06. A stock’s MACD marks the difference between its short-term and long-term moving averages. Ericsson’s positive MACD score indicates an upward trading trend.
Ericsson has a 14-day RSI (relative strength index) score of 39, which shows that the stock is trading very close to oversold territory. An RSI score of above 70 indicates that a stock has been overbought, while an RSI score of below 30 indicates that a stock has been oversold.