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NOKIA OYJ (NOA3.DE) Stock Technical Analysis

FRA:NOA3 - Deutsche Boerse Ag - FI0009000681 - Common Stock - Currency: EUR

4.512  -0.02 (-0.39%)

Technical Rating and Analysis

10

We assign a technical rating of 10 out of 10 to NOA3. Both in the recent history as in the last year, NOA3 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.
When comparing the yearly performance of all stocks, we notice that NOA3 is one of the better performing stocks in the market, outperforming 90% of all stocks. We also observe that the gains produced by NOA3 over the past year are nicely spread over this period.
NOA3 is one of the better performing stocks in the Communications Equipment industry, it outperforms 70% of 25 stocks in the same industry.
NOA3 is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month NOA3 has a been trading in the 4.28 - 4.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
NOKIA OYJ / NOA3 Weekly stock chart
NOKIA OYJ / NOA3 Daily stock chart
Setup Rating and Analysis

8

NOA3 has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 4.31, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NOA3 in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

3.67

4.64

We found 4 important support areas.

  • A support zone ranging from 4.21 to 4.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @4.11 from a trend line in the daily time frame.
  • A support zone ranging from 3.94 to 3.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @3.71 from a trend line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 4.52 to 4.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.06
Mansfield0.98
10 Day High4.66
10 Day Low4.28
20 Day High4.66
20 Day Low4.28
52 Week High4.66
52 Week Low3.05
Performance
1 Week5.08%
2 Weeks1.47%
1 Month0.37%
3 Month6.82%
6 Month29.88%
12 Month35.66%
2 Year3.21%
3 Year-6.39%
5 Year30.4%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)57.35
LBB4.23
UBB4.63
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
4.604.270.33 (7.28%)13.73%
An entry @4.60. This is a Buy Stop order right above the resistance zone.An exit @4.27. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.33 points, which is 7.28%.For a 1.00% total portfolio risk, you can invest 13.73% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NOKIA OYJ / NOA3 Daily stock chart

NOKIA OYJ

FRA:NOA3 (2/4/2025, 7:00:00 PM)

4.512

-0.02 (-0.39%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-0.39%
1 Week5.08%
2 Weeks1.47%
1 Month0.37%
3 Month6.82%
6 Month29.88%
12 Month35.66%
2 Year3.21%
3 Year-6.39%
5 Year30.4%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%2.47%
ATR Inc3.86%
Range Today0.09
ADR(20)0.1
ADR(20)%2.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.06
Mansfield0.98
10 Day High4.66
10 Day Low4.28
20 Day High4.66
20 Day Low4.28
52 Week High4.66
52 Week Low3.05
CS1 End4.31
CR1 Start4.52
Volume & EV
DER(3)14.89%
DER(5)15.36%
Volume421.17K
Volume Incr169.73%
Vol(5)781.14K
Vol(50)322.68K