Technical Analysis
Based on the technical indicators and recent price action:
News Analysis
Recent significant developments:
Price Projection
For the next trading week (Feb 18-23, 2025):
Expected price range: $7.45 - $7.90
Trading Recommendation
SELL with target price of $7.45
Rationale:
Best entry points for short positions:
Stop loss should be placed at $8.06 (above Fibonacci R2) to limit potential losses.
The price of ERIC is predicted to go up -9.07%, based on the high correlation periods with OMER. The similarity of these two price pattern on the periods is 96.63%.
ERIC
OMER
Year
ERIC Price Forecast($)
Potential Return(%)
2025
9.500
16.850
2026
9.500
26.840
2027
10.500
40.190
2028
12.500
66.890
2029
12.500
66.890
2030
12.000
60.210
Early success and market share gains at the onset of 5G network rollouts will build on itself and lock Ericsson in as a preferred vendor for many wireless firms throughout the 5G cycle.
Capabilities of 5G will bring a new market of customers and a longer and more expansive cycle of 5G spending, as enterprises deploy private networks and use Internet of Things functions.
Ericsson is broadening its business outside of radio access network products and services. This should make its business less cyclical and give it operating leverage with as-a-service business models.
JP Morgan
2024-10-21
Price Target
$5.9 → $6.7
Downside
-20.8%