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ERIC forms NR7 on July 22

Ericsson (ERIC) — Nightly Technical Analysis · Jul 22, 2026, 17:40 ET
ERIC closed down 1.2% on Wednesday, July 22nd, with volume running 1.7× above average. consolidation patterns formed: NR7 and NR7-2 and Narrow Range Bar and Calm After Storm, suggesting a potential continuation after price stabilization. Key support levels exist at 9.44, 9.41 & 9.34, with resistance at 9.54, 9.61 & 9.64. Additionally, Slow Stochastic points to oversold territory, hinting at a potential consolidation.

Current SwingTradeBot Technical Rating of ERIC: D

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Ericsson (ERIC)