NOKIA CORP-SPON ADR (NOK) Stock Technical Analysis
USA - NYSE:NOK - US6549022043 - ADR
4.51 USD
-0.11 (-2.38%)
4.52 USD
+0.01 (+0.22%)
Taking everything into account, NOK scores 2 out of 10 in our technical rating. In the past year, NOK was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
77% 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 4.16 - 4.62 range, which is quite wide. It is currently trading near the high of this range.
NOK has an average volume of 22097500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
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
4.00
5.47
We found 4 important support areas.
- A support zone ranging from 4.38 to 4.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.30 from a trend line in the daily time frame.
- A support zone ranging from 4.11 to 4.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 4.04 to 4.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 4.55 to 4.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.31 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 | UP | POSITIVE | The short term trend for NOK is up. |
| ChartMill Relative Strength | 23.74 | NEGATIVE | NOK has a low relative strength, it was outperformed by 76.26% 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) | DOWN | MIXED | The current price of NOK is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NOK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.7 | NEUTRAL | The RSI value for NOK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests NOK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.63 | OVERBOUGHT | The high Stochastics value suggests NOK may be overbought. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for NOK suggests low volalility. |
| Average Directional Index/ADX (14) | 27.52 | 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)
4.51
-0.11 (-2.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-2.38%
1 Week-0.88%
2 Weeks5.13%
1 Month9.2%
3 Month-13.1%
6 Month-15.38%
12 Month7.38%
2 Year20.59%
3 Year5.62%
5 Year15.35%
10 Year-33.48%
15 Year-55.03%
Volatility
ATR(14)0.09
ATR(20)%1.97%
ATR Inc13.24%
Range Today0.07
ADR(20)0.07
ADR(20)%1.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.74
Mansfield-1.42
10 Day High4.62
10 Day Low4.23
20 Day High4.62
20 Day Low4.16
52 Week High5.48
52 Week Low3.91
CS1 End4.49
CR1 Start4.55
Volume & EV
DER(3)2.89%
DER(5)4.14%
Volume20.46M
Volume Incr35.62%
Vol(5)25.99M
Vol(50)22.10M