NOKIA CORP-SPON ADR (NOK) Technical Analysis
NYSE:NOK • US6549022043
Current stock price
NOK Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to NOK. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, NOK did better than 94% of all other stocks. We also observe that the gains produced by NOK over the past year are nicely spread over this period.
- NOK is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month NOK has a been trading in the 7.79 - 10.69 range, which is quite wide. It is currently trading near the high of this range.
- NOK has an average volume of 61258700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- NOK is an average performer in the Communications Equipment industry, it outperforms 68% of 46 stocks in the same industry.
NOK Weekly and Daily overview Charts
NOK Setup Rating and Analysis
Although NOK has an excellent technical rating, the quality of the presented setup is not ideal 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
NOK Support and Resistance Analysis
7.34
We found 3 important support areas.
- A support zone ranging from 8.51 to 8.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.53 from a trend line in the weekly time frame.
- Support @7.41 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @10.61 from a horizontal line in the daily time frame.
NOK Technical Indicator Signal Analysis
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 | 94.62 | POSITIVE | NOK has a high relative strength, it outperformed 94.62% 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) | 70.47 | OVERBOUGHT | The high RSI value suggests NOK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests NOK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.27 | OVERBOUGHT | The high Stochastics value suggests NOK may be overbought. |
| Average True Range in percent/ATR (20) | 4.12 | MEDIUM VOLATILITY | The ATR as a percentage value for NOK suggests some volalility. |
| Average Directional Index/ADX (14) | 38.86 | POSITIVE | The high ADX value value for NOK suggests a strong trend. |
NOK Chart- and CandleStick Pattern Analysis
NOK Technicals: Chart, Performance Metrics, Trend & Indicators
10.4
-0.2 (-1.89%)
NOKIA CORP-SPON ADR / NOK TA FAQ
Can you provide the ChartMill technical rating for NOKIA CORP-SPON ADR?
ChartMill assigns a technical rating of 10 / 10 to NOK.
What is the trend direction for NOK stock?
The current trend direction for NOKIA CORP-SPON ADR (NOK) is Bullish.
What is the RSI signal for NOK stock?
NOKIA CORP-SPON ADR (NOK) has an RSI value of 70.4667. This indicates that the stock is currently overbought.
What is the MACD signal for NOK stock?
The MACD indicator for NOKIA CORP-SPON ADR (NOK) has a value of 0.105084, indicating a bearish trend.
What is the short term momentum for NOKIA CORP-SPON ADR (NOK) stock?
The short term momentum for NOKIA CORP-SPON ADR (NOK) is positive.