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$NOKIA (Nokia) Price Analysis
Buy, Hold or Sell?

Let's analyze Nokia together

Penke

I guess you are interested in Nokia. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • πŸ“ˆ Technical Analysis (TA) – Nokia’s Price Targets

I'm going to help you getting a better view of Nokia. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Technical Analysis of Nokia
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Nokia. The general trend of Nokia is BEARISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Nokia's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-100.0%) Bearish trend (100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Neutral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Neutral to overboughtOverbought=Overbought

1. Nokia Price Targets

1.1 sr

Score

Let's take a look at the sr of Nokia.

  • The price is trading between support and resistance lines.
Nokia Daily sr Chart

2. Trend Indicators

2.1 mas

Score

Let's take a look at the mas of Nokia.

  • The SHORT shows weakening trend behaviour.
  • Price action is trading under pressure relative to the SHORT.
  • The SHORT is lagging behind the MEDIUM, indicating weaker trend alignment.
  • The SHORT is lagging behind the INTER, indicating weaker trend alignment.
  • The SHORT is lagging behind the LONG, indicating weaker trend alignment.
  • The MEDIUM shows weakening trend behaviour.
  • Price action is trading under pressure relative to the MEDIUM.
  • The MEDIUM is lagging behind the INTER, indicating weaker trend alignment.
  • The MEDIUM is lagging behind the LONG, indicating weaker trend alignment.
  • The INTER shows weakening trend behaviour.
  • Price action is trading under pressure relative to the INTER.
  • The INTER is lagging behind the LONG, indicating weaker trend alignment.
  • The LONG shows weakening trend behaviour.
  • Price action is trading under pressure relative to the LONG.

Directionalities and relatives.

Moving AverageTrendPricevs. MEDIUMvs. INTERvs. LONG
SHORT
MEDIUM
INTER
LONG

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Nokia Daily mas Chart
2.2 macd

Score

Let's take a look at the macd of Nokia.

  • Momentum is leaning bullish. Buying pressure currently dominates selling pressure, suggesting growing optimism and increased willingness to accumulate Nokia.
  • Overall momentum is negative. Market conditions reflect cautious sentiment, with sellers exerting more influence and limiting upside progress for Nokia.
  • Momentum is improving. Bullish pressure is strengthening as confidence builds and market participants position for potential continuation.
Nokia Daily macd ChartNokia Daily macd Chart
2.3 dmi

Score

Let's take a look at the dmi of Nokia.

  • Directional bias favors sellers. Selling pressure dominates buying interest, reflecting cautious sentiment and increasing downside pressure.
  • A strong bearish trend is in place and intensifying, indicating growing downside conviction and sustained selling pressure.
Nokia Daily dmi Chart
2.4 sar

Score

Let's take a look at the sar of Nokia.

  • Price action is under pressure relative to the prevailing trend structure, which is commonly interpreted as a bearish market signal.
Nokia Daily sar Chart

3. Momentum Indicators

3.1 rsi

Score

Let's take a look at the rsi of Nokia. The current phase is Oversold in bear market.

  • Short-term excessive selling, potential for relief rally. Be cautious, consider taking short-term long positions.
Nokia Daily rsi ChartNokia Daily rsi Chart
3.2 stoch

Score

Let's take a look at the stoch of Nokia. The current phase is Oversold in bear market.

  • Momentum favors sellers, indicating reduced buying interest and growing downside pressure.
  • Selling pressure appears exhausted, often seen near potential stabilization or rebound phases.
  • Momentum is leaning bearish, with selling pressure outweighing buying interest and signaling increased short-term caution for Nokia.
  • Momentum is weakening as selling pressure increases and short-term sentiment deteriorates.
Nokia Daily stoch ChartNokia Daily stoch Chart
3.3 cci

Score

Let's take a look at the cci of Nokia.

Nokia Daily cci ChartNokia Daily cci Chart
3.4 cmo

Score

Let's take a look at the cmo of Nokia.

  • Momentum is leaning negative, indicating cautious market conditions and increasing downside participation.
Nokia Daily cmo ChartNokia Daily cmo Chart
3.5 willr

Score

Let's take a look at the willr of Nokia.

  • Upward momentum appears stretched, suggesting buying pressure may be excessive and a pause or pullback could occur.
Nokia Daily willr ChartNokia Daily willr Chart

4. Volatility Indicators

4.1 bb

Score

Let's take a look at the bb of Nokia.

Nokia Daily bb Chart
4.2 atr

Score

Let's take a look at the atr of Nokia.

Nokia Daily atr ChartNokia Daily atr Chart

5. Volume Indicators

5.1 obv

Score

Let's take a look at the obv of Nokia.

Nokia Daily obv ChartNokia Daily obv Chart
5.2 mfi

Score

Let's take a look at the mfi of Nokia.

  • Money flow favors sellers, indicating reduced buying interest and growing downside pressure.
  • Selling pressure appears exhausted, often seen near potential stabilization or rebound phases.
Nokia Daily mfi ChartNokia Daily mfi Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Nokia.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal

6.3. Candlestick Patterns

Nokia Daily Candlestick Chart
DateCandlestick Pattern
Penke

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