NOKIA CORP-SPON ADR (NOK) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NOK - US6549022043 - ADR
Overall NOK gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
NOK has an excellent technical rating, but the quality of the setup is only medium 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.
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4.20
When analyzing the support we can see 3 important areas.
- Support @6.06 from a trend line in the daily time frame.
- A support zone ranging from 5.85 to 5.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.24 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.13 to 6.20. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for NOK is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NOK is down. |
| ChartMill Relative Strength | 92.06 | POSITIVE | NOK has a high relative strength, it outperformed 92.06% 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) | 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) | 46.08 | NEUTRAL | The RSI value for NOK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests NOK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.03 | OVERSOLD | The low Stochastics value suggests NOK may be oversold. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for NOK suggests some volalility. |
| Average Directional Index/ADX (14) | 30.28 | POSITIVE | The high ADX value value for NOK suggests a strong trend. |
6.12
+0.04 (+0.66%)
NOKIA CORP-SPON ADR / NOK FAQ
Can you provide the ChartMill technical rating for NOKIA CORP-SPON ADR?
ChartMill assigns a technical rating of 7 / 10 to NOK.
What is the current trend direction of NOKIA CORP-SPON ADR (NOK) stock?
The current trend direction for NOKIA CORP-SPON ADR (NOK) is Bullish.
Can you provide the RSI signal for NOKIA CORP-SPON ADR?
NOKIA CORP-SPON ADR (NOK) has an RSI value of 46.0817. This indicates that the stock is currently neutral.
What is the short term momentum for NOK stock?
The short term momentum for NOKIA CORP-SPON ADR (NOK) is negative.
What are the support and resistance levels for NOKIA CORP-SPON ADR (NOK) stock?
NOKIA CORP-SPON ADR (NOK) has a support level at 6.06 and a resistance level at 6.13. Check the full technical report for our detailed analysis of NOK support and resistance levels.