NOKIA CORP-SPON ADR (NOK) Stock Technical Analysis
NYSE:NOK - New York Stock Exchange, Inc. - US6549022043 - ADR - Currency: USD
Taking everything into account, NOK scores 6 out of 10 in our technical rating. In the last year, NOK was one of the better performers, but we do observe some doubts in the very recent evolution.
NOK has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.03, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NOK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.72
We found 2 important support areas.
- A support zone ranging from 4.98 to 5.03. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 5.19 to 5.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.42 to 5.44. This zone is formed by a combination of multiple trend lines 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 | 73.11 | POSITIVE | NOK has a high relative strength, it outperformed 73.11% 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 | NEGATIVE | The current price of NOK is below 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) | 47.52 | NEUTRAL | The RSI value for NOK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NOK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.02 | NEUTRAL | The Stochastics value for NOK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for NOK suggests low volalility. |
| Average Directional Index/ADX (14) | 14.51 | NEGATIVE | The low ADX value for NOK suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.32 | 5.03 | 0.29 (5.45%) | 18.34% |
| An entry @5.32. This is a Buy Stop order right above the resistance zone. | An exit @5.03. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.29 points, which is 5.45%. | For a 1.00% total portfolio risk, you can invest 18.34% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
5.19
-0.01 (-0.19%)