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 0 out of 10. NOK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
83% of all other stocks performed better in the past year than NOK.
NOK is one of the lesser performing stocks in the Communications Equipment industry. 76% of 48 stocks in the same industry do better.
NOK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
NOK is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
NOK has an average volume of 19680000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, NOK does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 4.18, a Stop Loss order could be placed below this zone.
More info and screens
4.00
5.47
We found 1 important support area.
- A support zone ranging from 4.04 to 4.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 4.22 to 4.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 5.31 to 5.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.42 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for NOK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NOK is down. |
| ChartMill Relative Strength | 17.22 | NEGATIVE | NOK has a low relative strength, it was outperformed by 82.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NOK is above 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) | DOWN | NEGATIVE | The current price of NOK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.26 | NEUTRAL | The RSI value for NOK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests NOK has a positive trend. |
| Stochastics (14,3) | 81.67 | OVERBOUGHT | The high Stochastics value suggests NOK may be overbought. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for NOK suggests some volalility. |
| Average Directional Index/ADX (14) | 46.52 | POSITIVE | The high ADX value value for NOK suggests a strong 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)
4.21
-0.04 (-0.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-0.94%
1 Week1.69%
2 Weeks2.93%
1 Month-5.61%
3 Month-21.16%
6 Month-14.78%
12 Month0.96%
2 Year5.51%
3 Year-16.63%
5 Year-14.08%
10 Year-32.53%
15 Year-50.82%
Volatility
ATR(14)0.07
ATR(20)%2.09%
ATR Inc24.3%
Range Today0.08
ADR(20)0.07
ADR(20)%1.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.22
Mansfield-1.82
10 Day High4.29
10 Day Low4.07
20 Day High4.54
20 Day Low4
52 Week High5.48
52 Week Low3.91
CS1 End4.18
CR1 Start4.22
Volume & EV
DER(3)2.31%
DER(5)0.75%
Volume21.06M
Volume Incr-21.22%
Vol(5)18.50M
Vol(50)19.68M