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 0 out of 10 in our technical rating. NOK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
69% of all other stocks performed better in the past year than NOK.
NOK is part of the Communications Equipment industry. There are 48 other stocks in this industry, of which 78% are performing better than NOK.
In the last month NOK has a been trading in the 4.28 - 5.24 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
NOK has an average volume of 18611500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
NOK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NOK is lagging the market.
The technical rating of NOK is bad and it also does not present a quality setup 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
4.29
5.47
When analyzing the resistance we notice 4 important areas.
- Resistance @4.79 from a horizontal line in the daily time frame.
- A resistance zone ranging from 4.97 to 5.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.31 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for NOK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NOK is down. |
| ChartMill Relative Strength | 31.53 | NEUTRAL | NOK is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of NOK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 18.92 | OVERSOLD | The low RSI value suggests NOK may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests NOK has a negative trend. |
| Stochastics (14,3) | 11.32 | OVERSOLD | The low Stochastics value suggests NOK may be oversold. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for NOK suggests some volalility. |
| Average Directional Index/ADX (14) | 41.58 | 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)
4.33
-0.01 (-0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-0.23%
1 Week-8.84%
2 Weeks-13.05%
1 Month-16.09%
3 Month-13.23%
6 Month-3.99%
12 Month12.76%
2 Year9.9%
3 Year-16.41%
5 Year-9.41%
10 Year-38.58%
15 Year-54.47%
Volatility
ATR(14)0.14
ATR(20)%2.8%
ATR Inc0.01%
Range Today0.07
ADR(20)0.11
ADR(20)%2.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.53
Mansfield-1.61
10 Day High5
10 Day Low4.28
20 Day High5.24
20 Day Low4.28
52 Week High5.48
52 Week Low3.7
CS1 EndN/A
CR1 Start4.79
Volume & EV
DER(3)-0.13%
DER(5)-2.46%
Volume23.40M
Volume Incr105.25%
Vol(5)38.75M
Vol(50)18.61M