NOKIA Technical Analysis - NOKIA OYJ

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to NOKIA. Both in the recent history as in the last year, NOKIA has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

NOKIA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NOKIA is lagging the market slightly.

In the last month NOKIA has a been trading in the 3.93 - 4.94 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that NOKIA is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

NOKIA is an average performer in the Communications Equipment industry, it outperforms 53% of 29 stocks in the same industry.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although NOKIA has an excellent technical rating, it does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.35

5.05

4 important support areas can be observed.

A support zone ranging from 4.24 to 4.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 3.89 to 3.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @3.54 from a trend line in the weekly time frame.
Support @3.38 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 4.88 to 5.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 NOKIA.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for NOKIA.PA is up.
ChartMill Relative Strength	80.62	POSITIVE	NOKIA.PA has a high relative strength, it outperformed 80.62% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of NOKIA.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of NOKIA.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NOKIA.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	85.73	OVERBOUGHT	The high RSI value suggests NOKIA.PA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests NOKIA.PA has a positive trend.
Stochastics (14,3)	96.69	OVERBOUGHT	The high Stochastics value suggests NOKIA.PA may be overbought.
Average True Range in percent/ATR (20)	2.16	MEDIUM VOLATILITY	The ATR as a percentage value for NOKIA.PA suggests some volalility.
Average Directional Index/ADX (14)	53.96	POSITIVE	The high ADX value value for NOKIA.PA suggests a strong trend.