NOKIA CORP. - Weekly - Technical analysis published on 09/03/2021 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 5.72 USD
My targets
6.56 USD (+8.61%)
6.75 USD (+11.75%)
My analysis
The bullish trend is currently very strong on NOKIA CORP.. As long as the price remains above the support at 5.72 USD, you could try to benefit from the boom. The first bullish objective is located at 6.56 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.75 USD as an objective. Crossing it would then enable buyers to target 11.58 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8
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This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NOKIA CORP. price is 6.04 USD. The price is up +0.17% over 5 days and was traded between 5.95 USD and 6.09 USD over the period. The price is currently at +1.51% from its lowest point and -0.82% from its highest point.5.95
6.09
6.04
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of NOKIA CORP. in Weekly shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Weekly
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.09 | 5.72 | 6.04 | 6.04 | 6.56 | 11.58 | 23.10 |
| Change (%) | -15.73% | -5.30% | 0% | - | +8.61% | +91.72% | +282.45% |
| Change | -0.95 | -0.32 | 0 | - | +0.52 | +5.54 | +17.06 |
| Level | Major | Major | Major | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.96 | 5.99 | 6.02 | 6.05 | 6.08 | 6.11 | 6.14 |
| Camarilla | 6.04 | 6.05 | 6.06 | 6.06 | 6.07 | 6.07 | 6.08 |
| Woodie | 5.97 | 5.99 | 6.03 | 6.05 | 6.09 | 6.11 | 6.15 |
| Fibonacci | 5.99 | 6.01 | 6.02 | 6.05 | 6.07 | 6.08 | 6.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.79 | 5.86 | 5.95 | 6.02 | 6.11 | 6.18 | 6.27 |
| Camarilla | 5.99 | 6.00 | 6.02 | 6.03 | 6.05 | 6.06 | 6.07 |
| Woodie | 5.79 | 5.87 | 5.95 | 6.03 | 6.11 | 6.19 | 6.27 |
| Fibonacci | 5.86 | 5.92 | 5.96 | 6.02 | 6.08 | 6.12 | 6.18 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.22 | 5.50 | 5.73 | 6.01 | 6.24 | 6.52 | 6.75 |
| Camarilla | 5.82 | 5.87 | 5.91 | 5.96 | 6.01 | 6.05 | 6.10 |
| Woodie | 5.20 | 5.49 | 5.71 | 6.00 | 6.22 | 6.51 | 6.73 |
| Fibonacci | 5.50 | 5.70 | 5.82 | 6.01 | 6.21 | 6.33 | 6.52 |
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): | 68.75 | |
| MACD (12,26,9): | 0.4400 | |
| Directional Movement: | 24.73 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 6.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.12 | |
| Elder Ray (13): | 0.30 | |
| Super Trend (3,10): | 4.96 | |
| Zig ZAG (10): | 6.04 | |
| VORTEX (21): | 1.2400 | |
| Stochastique (14,3,5): | 77.99 | |
| TEMA (21): | 6.25 | |
| Williams %R (14): | -19.35 | |
| Chande Momentum Oscillator (20): | 0.62 | |
| Repulse (5,40,3): | 2.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 1.3100 | |
| Courbe Coppock: | 42.73 |
| MA7: | 6.01 | |
| MA20: | 6.01 | |
| MA50: | 5.84 | |
| MA100: | 5.38 | |
| MAexp7: | 5.94 | |
| MAexp20: | 5.48 | |
| MAexp50: | 4.91 | |
| MAexp100: | 4.70 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | +0.50% | |
| Price / MA50: | +3.42% | |
| Price / MA100: | +12.27% | |
| Price / MAexp7: | +1.68% | |
| Price / MAexp20: | +10.22% | |
| Price / MAexp50: | +23.01% | |
| Price / MAexp100: | +28.51% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on NOKIA CORP. at the time of the analysis were as follows:
- Investor Network: Nokia Oyj to Host Earnings Call
- Nokia Board of Directors approves the Nokia Equity Program for 2017 and the issuance of shares held by the company
- Nokia and Sky enhance on-demand video services in the UK
- Nokia modernizes the Smart Grid to bring power distribution networks into the IoT era
- Enhanced Nokia IMPACT IoT Platform enables service providers, enterprises and government agencies to easily deploy IoT services
This member declared not having a position on this financial instrument or a related financial instrument.
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