Technical Analysis:
Based on ERIC's recent price action and technical indicators:
The stock has been showing a bearish trend with declining volume. Key technical levels to watch:
News Analysis:
Recent significant news:
Price Prediction for Next Week (March 4-8, 2025):
Based on technical analysis and current market conditions:
Trading Recommendation:
SELL with the following parameters:
Rationale:
Note: This analysis is based on technical indicators and available market data. Market conditions can change rapidly, and past performance does not guarantee future results.
The price of ERIC is predicted to go up 0.5%, based on the high correlation periods with PFIS. The similarity of these two price pattern on the periods is 97.24%.
ERIC
PFIS
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
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%