1NOKIA Technical Analysis - NOKIA OYJ

Technical Rating and Analysis

Taking everything into account, 1NOKIA scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, 1NOKIA has proven to be a steady performer, scoring decent points in every aspect analyzed.

Warning: 1NOKIA has an average volume of 14953 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that 1NOKIA is one of the better performing stocks in the market, outperforming 85% of all stocks. We also observe that the gains produced by 1NOKIA over the past year are nicely spread over this period.

1NOKIA is part of the Communications Equipment industry. There are 29 other stocks in this industry. 1NOKIA outperforms 71% of them.

1NOKIA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so 1NOKIA is lagging the market slightly.

In the last month 1NOKIA has a been trading in the 3.52 - 4.79 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although 1NOKIA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.43

4.99

We found 4 important support areas.

A support zone ranging from 4.18 to 4.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @3.65 from a trend line in the daily time frame.
Support @3.59 from a trend line in the weekly time frame.
Support @3.46 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

Resistance @4.81 from a horizontal line in the weekly time frame.
Resistance @4.94 from a horizontal line in the daily time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for 1NOKIA.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for 1NOKIA.MI is up.
ChartMill Relative Strength	85.23	POSITIVE	1NOKIA.MI has a high relative strength, it outperformed 85.23% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of 1NOKIA.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of 1NOKIA.MI is above the rising SMA(50).
Relative Strength Index/RSI (14)	76.04	OVERBOUGHT	The high RSI value suggests 1NOKIA.MI may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.13	POSITIVE	The MACD value suggests 1NOKIA.MI has a positive trend.
Stochastics (14,3)	94.88	OVERBOUGHT	The high Stochastics value suggests 1NOKIA.MI may be overbought.
Average True Range in percent/ATR (20)	2.31	MEDIUM VOLATILITY	The ATR as a percentage value for 1NOKIA.MI suggests some volalility.
Average Directional Index/ADX (14)	28.11	POSITIVE	The high ADX value value for 1NOKIA.MI suggests a strong trend.