After completing its last trading session, Nokia Corporation (NYSE:NOK) dropped by -1.6% – here is what that looked like (as of 2020-01-06):
What’s the reason for these moves? To understand this better, it is helpful to analyze some technical indicators. As we see it, you should pay the most attention to the following:
A Money Flow Index (MFI) of 50.488, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.0, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.071, an Accumulation/Distribution Index (ADI) of 0.071, an On-Balance Volume (OBV) of 15.13, and a Chaiikin Money Flow (CMF) of 3.87. 2.143
Now let’s plug these indicators in. Consulting Trading View, putting it all together gets the following:
So there you have it – our analysis of Nokia Corporation (NYSE:NOK). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.
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