ERIC Price Prediction Next Week
Analysis and Insights
To predict the stock price of ERIC (Telefonaktiebolaget LM Ericsson) for the next trading week, we analyze both news and technical indicators.
News Impact Analysis:
Positive News: ERIC has received a high rating of 93% from Validea's Multi-Factor Investor model, indicating strong interest based on its fundamentals and valuation in the Communications Equipment industry. Additionally, SAP has expanded its partnership with Ericsson, enhancing AI-driven experiences for enterprises.
Negative News: Intel is facing challenges in Ohio, potentially impacting Ericsson as a customer. This could lead to a "clawback of funds" and loss of major customers like Ericsson and Samsung.
Technical Analysis:
Price Action: ERIC closed at $8.17 on March 21, 2025, with a pre-market percentage change of -0.85% and a regular market percentage change of -0.97%.
Technical Indicators:
- RSI: 49.86 (12-period) and 50.27 (14-period), indicating a neutral position.
- MACD: 0.04 (12-period) and -0.02 (26-period), showing slight bullish momentum.
- Fibonacci Levels: The stock is currently trading near the pivot level of 8.23, with resistance at 8.67 and support at 7.78.
Volume Analysis: The average volume over the past 20 days is 21,603,194, indicating moderate liquidity.
Price Prediction:
Based on the analysis, ERIC is expected to trade between $8.11 and $8.25 next week. The stock is likely to test the upper resistance level of $8.25, driven by positive news and moderate technical indicators.
Recommendation:
Buy ERIC at the current price of $8.17 with a target of $8.25. The stock shows potential for a slight uptrend next week, supported by positive news and moderate technical momentum.
ERIC Similar Chart Price Prediction
The price of ERIC is predicted to go up 8.59%, based on the high correlation periods with GKOS. The similarity of these two price pattern on the periods is 92.71%.
ERIC
GKOS
Up: 8.59%Similarity: 92.71%
ERIC Stock Forecast & Prediction For Years 2025, 2026, 2027, 2028, 2029 and 2030
Year
ERIC Price Forecast($)
Potential Return(%)
2025
9.500
16.850
2026
10.500
27.430
2027
12.500
51.700
2028
12.500
51.700
2029
10.500
27.430
2030
12.500
51.700
What is ERIC stock price prediction 2025 ?
What is ERIC stock price prediction 2026 ?
What is ERIC stock price prediction 2027 ?
What is ERIC stock price prediction 2028 ?
What is ERIC stock price prediction 2029 ?
What is ERIC stock price prediction 2030 ?
ERIC Revenue Forecast
ERIC EPS Forecast
ERIC FAQs
What is ERIC revenue forecast for next quarter？
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ERIC VS S&P500
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.
ERIC Analyst's Forecast
Sandeep Deshpande
JP Morgan
Hold
2024-10-21
Price Target
$5.9 → $6.7
Downside
-20.8%
JPMorgan raised the firm's price target on Ericsson to SEK 70.50 from SEK 62.50 and keeps a Neutral rating on the shares.
