NOKIA CORP-SPON ADR (NOK) Stock Technical Analysis
NYSE:NOK - New York Stock Exchange, Inc. - US6549022043 - ADR - Currency: USD
Overall NOK gets a technical rating of 8 out of 10. In the last year, NOK was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month NOK has a been trading in the 5.14 - 5.47 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, NOK did better than 85% of all other stocks. We also observe that the gains produced by NOK over the past year are nicely spread over this period.
NOK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NOK is performing more or less in line with the market.
NOK has an average volume of 18417000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NOK is part of the Communications Equipment industry. There are 49 other stocks in this industry, NOK did better than 62% of them.
Considerably lower volume is observed in the last couple of days.
Although NOK has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
4.59
5.49
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.91 to 4.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.77 from a horizontal line in the weekly time frame.
- Support @4.64 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.31 to 5.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 NOK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NOK is neutral. |
| ChartMill Relative Strength | 85.68 | POSITIVE | NOK has a high relative strength, it outperformed 85.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NOK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NOK is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NOK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.86 | NEUTRAL | The RSI value for NOK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NOK has a negative trend. |
| Stochastics (14,3) | 29.81 | NEUTRAL | The Stochastics value for NOK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for NOK suggests low volalility. |
| Average Directional Index/ADX (14) | 12.23 | NEGATIVE | The low ADX value for NOK suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
5.19
-0.13 (-2.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-2.44%
1 Week-4.07%
2 Weeks-0.57%
1 Month0%
3 Month-2.63%
6 Month15.85%
12 Month43.37%
2 Year24.76%
3 Year12.58%
5 Year17.95%
10 Year-24.23%
15 Year-36.32%
Volatility
ATR(14)0.1
ATR(20)%1.77%
ATR Inc18.84%
Range Today0.07
ADR(20)0.08
ADR(20)%1.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.68
Mansfield0.89
10 Day High5.47
10 Day Low5.17
20 Day High5.47
20 Day Low5.14
52 Week High5.48
52 Week Low3.6
CS1 End4.95
CR1 Start5.31
Volume & EV
DER(3)2.33%
DER(5)0.86%
Volume15.36M
Volume Incr-24.44%
Vol(5)11.37M
Vol(50)18.42M