Nokia Corporation Stock Forecast
Red day on Monday for Nokia Corporation stock after losing 0%
(Updated on May 06, 2024)
No changes to the price of Nokia Corporation stock on the last trading day (Monday, 6th May 2024). During the last trading day the stock fluctuated 0% from a day low at 3.42€ to a day high of 3.42€. The price has fallen in 5 of the last 10 days but is still up by 3.29% over the past 2 weeks.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Nokia Corporation stock with a 90% probability to be traded between 3.22€ and 3.54€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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NOKIA.HE Signals & Forecast
The Nokia Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 3.42€ and 3.30€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.740%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Nokia Corporation stock
Nokia Corporation finds support from accumulated volume at 3.36€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 1.28%
Our recommended stop-loss: 3.29€ (-3.78%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (NOKIA.HE) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Nokia Corporation to open at 3.42€, and during the day (based on 14 day Average True Range), to move between 3.34€ and 3.50€, which gives a possible trading interval of +/-0.0774€ (+/-2.26%) up or down from last closing price. If Nokia Corporation takes out the full calculated possible swing range there will be an estimated 4.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 3.43€ (0.31%) than the support at 3.36€ (1.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Nokia Corporation stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Nokia Corporation stock to perform well in the short-term period.
Current score: 1.263 Buy Candidate Unchanged
Predicted Opening Price for Nokia Corporation of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
3.42€ ( 0%) | 3.42€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NOKIA.HE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.42 | . | |
R2 | 3.42 | . | ||
R1 | 3.42 | . | ||
Current price: | 3.42 | |||
Support | S1 | 3.42 | . | |
S2 | 3.42 | . | ||
S3 | 3.42 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.48 | 1.73 % | |
R2 | 3.44 | 0.746 % | ||
R1 | 3.43 | 0.307 % | ||
Current price | 3.42 | |||
Support | S1 | 3.36 | -1.71% | |
S2 | 3.23 | -5.57% | ||
S3 | 3.18 | -7.14% |
NOKIA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 03, 2025 | Feb 03, 2025 | Feb 13, 2025 | 0.0325€ | 0.94% |
2 | Oct 21, 2024 | Oct 21, 2024 | Oct 31, 2024 | 0.0325€ | 0.94% |
3 | Jul 22, 2024 | Jul 22, 2024 | Aug 01, 2024 | 0.0325€ | 0.94% |
4 | Apr 22, 2024 | Apr 22, 2024 | May 03, 2024 | 0.0325€ | 0.95% |
5 | Jan 29, 2024 | Jan 29, 2024 | Jan 29, 2024 | 0€ | 0% |
FAQ
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