NOKIA CORPORATION - Daily - Technical analysis published on 01/25/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 3.2388 EUR
My targets
3.6369 EUR (+7.44%)
3.8783 EUR (+14.57%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on NOKIA CORPORATION. This is a positive signal for buyers. As long as the price remains above 3.2388 EUR, a purchase could be considered. The first bullish objective is located at 3.6369 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.8783 EUR as an objective. Crossing it would then enable buyers to target 4.1904 EUR. In the event of a return below 3.2388 EUR, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1
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Additional analysis
Quotes
The NOKIA CORPORATION price is 3.3850 EUR. The price has increased by +7.61% since the last closing with the lowest point at 3.3325 EUR and the highest point at 3.4060 EUR. The deviation from the price is +1.58% for the low point and -0.62% for the high point.3.3325
3.4060
3.3850
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NOKIA CORPORATION:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of NOKIA CORPORATION in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.7226 | 3.0489 | 3.2388 | 3.3850 | 3.3865 | 3.6369 | 3.8783 |
| Change (%) | -19.57% | -9.93% | -4.32% | - | +0.04% | +7.44% | +14.57% |
| Change | -0.6624 | -0.3361 | -0.1462 | - | +0.0015 | +0.2519 | +0.4933 |
| Level | Major | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.0965 | 3.1165 | 3.1310 | 3.1510 | 3.1655 | 3.1855 | 3.2000 |
| Camarilla | 3.1360 | 3.1392 | 3.1423 | 3.1455 | 3.1487 | 3.1518 | 3.1550 |
| Woodie | 3.0938 | 3.1151 | 3.1283 | 3.1496 | 3.1628 | 3.1841 | 3.1973 |
| Fibonacci | 3.1165 | 3.1297 | 3.1378 | 3.1510 | 3.1642 | 3.1723 | 3.1855 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.8910 | 2.9955 | 3.0525 | 3.1570 | 3.2140 | 3.3185 | 3.3755 |
| Camarilla | 3.0651 | 3.0799 | 3.0947 | 3.1095 | 3.1243 | 3.1391 | 3.1539 |
| Woodie | 2.8673 | 2.9836 | 3.0288 | 3.1451 | 3.1903 | 3.3066 | 3.3518 |
| Fibonacci | 2.9955 | 3.0572 | 3.0953 | 3.1570 | 3.2187 | 3.2568 | 3.3185 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.2553 | 2.4792 | 2.7693 | 2.9932 | 3.2833 | 3.5072 | 3.7973 |
| Camarilla | 2.9182 | 2.9653 | 3.0124 | 3.0595 | 3.1066 | 3.1537 | 3.2009 |
| Woodie | 2.2885 | 2.4958 | 2.8025 | 3.0098 | 3.3165 | 3.5238 | 3.8305 |
| Fibonacci | 2.4792 | 2.6755 | 2.7968 | 2.9932 | 3.1895 | 3.3108 | 3.5072 |
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): | 65.36 | |
| MACD (12,26,9): | 0.0296 | |
| Directional Movement: | 16.9871 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 3.2050 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.0000 | |
| Elder Ray (13): | 0.1801 | |
| Super Trend (3,10): | 3.1079 | |
| Zig ZAG (10): | 3.3735 | |
| VORTEX (21): | 0.9902 | |
| Stochastique (14,3,5): | 65.95 | |
| TEMA (21): | 3.2365 | |
| Williams %R (14): | -5.17 | |
| Chande Momentum Oscillator (20): | 0.1715 | |
| Repulse (5,40,3): | 1.6918 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1126 | |
| Courbe Coppock: | 3.61 |
| MA7: | 3.1823 | |
| MA20: | 3.1731 | |
| MA50: | 3.1376 | |
| MA100: | 3.2680 | |
| MAexp7: | 3.2110 | |
| MAexp20: | 3.1717 | |
| MAexp50: | 3.1696 | |
| MAexp100: | 3.2673 | |
| Price / MA7: | +6.37% | |
| Price / MA20: | +6.68% | |
| Price / MA50: | +7.89% | |
| Price / MA100: | +3.58% | |
| Price / MAexp7: | +5.42% | |
| Price / MAexp20: | +6.73% | |
| Price / MAexp50: | +6.80% | |
| Price / MAexp100: | +3.60% |
Quotes :
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15 min delayed data
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Italy Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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