Ericsson (ERIC, $8.63) price may drop as it broke higher Bollinger Band on Mar 05, 2025

#TelecommunicationsEquipment, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #LargeCap
ERIC - Ericsson
Bollinger signal
Bearish Trend
69%
Odds of DOWN Trend
Price: $8.63
Daily change: +$0.42 (+5.12%)
Daily volume: 25.2M
Capitalization: $27.3B
Industry: Telecommunications Equipment

This price move could be a signal that ERIC may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 45 similar cases where ERIC's price broke its higher Bollinger Band, and 31 of them led to a successful outcome. Odds of Success: 69%.