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ERIC forms Pocket Pivot on July 28

Ericsson (ERIC) — Nightly Technical Analysis · Jul 28, 2026, 17:52 ET
ERIC closed up 3.15% on Tuesday, July 28th, with volume running 4.2× above average. The unusually high volume suggests institutional participation in today's move. Mixed technical signals appeared with Pocket Pivot suggesting upside potential, while Non-ADX 1,2,3,4 Bearish indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 9.7, 9.42 & 9.26, with resistance at 10.13, 10.29 & 10.57. 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)