USA - New York Stock Exchange - NYSE:NOK - US6549022043 - ADR
Taking everything into account, NOK scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NOK is showing a nice and steady performance.
Although NOK 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.
4.25
When analyzing the support we can see 3 important areas.
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 | UP | POSITIVE | The short term trend for NOK is up. |
| ChartMill Relative Strength | 90.55 | POSITIVE | NOK has a high relative strength, it outperformed 90.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NOK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NOK is above the rising 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) | 65.76 | NEUTRAL | The RSI value for NOK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NOK has a positive trend. |
| Stochastics (14,3) | 64.76 | NEUTRAL | The Stochastics value for NOK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for NOK suggests some volalility. |
| Average Directional Index/ADX (14) | 26.12 | POSITIVE | The high ADX value value for NOK suggests a strong trend. |
6.79
+0.32 (+4.95%)
ChartMill assigns a technical rating of 10 / 10 to NOK.
The current trend direction for NOKIA CORP-SPON ADR (NOK) is Bullish.
NOKIA CORP-SPON ADR (NOK) has an RSI value of 65.7629. This indicates that the stock is currently neutral.
The buy/sell signal for NOKIA CORP-SPON ADR (NOK) is buy as both the short term and long term trends are positive.
NOKIA CORP-SPON ADR (NOK) has a support level at 6.56. Check the full technical report for our detailed analysis of NOK support and resistance levels.