NOKIA CORP.
NOKIA CORP.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: NOK
ISIN:

NOKIA CORP. - Daily - Technical analysis published on 12/03/2021 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Slightly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 5.35 USD
My targets
5.95 USD (+3.66%)
6.29 USD (+9.58%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade NOKIA CORP. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 5.35 USD. The buyers' bullish objective is set at 5.95 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.29 USD. If there is any crossing, the next objective would be the resistance located at 6.56 USD. If there is a bearish break in the support located at 5.35 USD some indecision would arise.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.6

This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly
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Additional analysis

Quotes

The NOKIA CORP. price is 5.74 USD. The price has increased by +3.24% since the last closing with the lowest point at 5.58 USD and the highest point at 5.79 USD. The deviation from the price is +2.87% for the low point and -0.86% for the high point.

5.58
5.79
5.74

Here is a more detailed summary of the historical variations registered by NOKIA CORP.:

Technical


Technical analysis of this Daily chart of NOKIA CORP. indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily



The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Support of triangle is broken

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5.09 5.35 5.72 5.74 5.95 6.29 6.56
Change (%) -11.32% -6.79% -0.35% - +3.66% +9.58% +14.29%
Change -0.65 -0.39 -0.02 - +0.21 +0.55 +0.82
Level Major Major Major - Major Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.415.495.625.705.835.916.04
Camarilla5.685.705.725.745.765.785.80
Woodie5.435.505.645.715.855.926.06
Fibonacci5.495.575.625.705.785.835.91


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.035.265.405.635.776.006.14
Camarilla5.455.485.525.555.585.625.65
Woodie5.005.245.375.615.745.986.11
Fibonacci5.265.405.495.635.775.866.00


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.005.245.425.665.846.086.26
Camarilla5.495.525.565.605.645.685.72
Woodie4.975.235.395.655.816.076.23
Fibonacci5.245.405.505.665.825.926.08

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 52.08
MACD (12,26,9): -0.0300
Directional Movement: -3.56
AROON (14): -42.85
DEMA (21): 5.66
Parabolic SAR (0,02-0,02-0,2): 5.86
Elder Ray (13): 0.02
Super Trend (3,10): 5.94
Zig ZAG (10): 5.74
VORTEX (21): 0.9500
Stochastique (14,3,5): 37.40
TEMA (21): 5.64
Williams %R (14): -36.59
Chande Momentum Oscillator (20): 0.15
Repulse (5,40,3): 0.9600
ROCnROLL: 1
TRIX (15,9): -0.0500
Courbe Coppock: 1.98
MA7: 5.65
MA20: 5.70
MA50: 5.71
MA100: 5.80
MAexp7: 5.66
MAexp20: 5.69
MAexp50: 5.71
MAexp100: 5.63
Price / MA7: +1.59%
Price / MA20: +0.70%
Price / MA50: +0.53%
Price / MA100: -1.03%
Price / MAexp7: +1.41%
Price / MAexp20: +0.88%
Price / MAexp50: +0.53%
Price / MAexp100: +1.95%

Quotes : - 15 min delayed data - NYSE Stocks

News


The last news published on NOKIA CORP. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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