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Takip Edin: @UscMarketsNOK Stock Forecast & Nokia Oyj Chart Analysis
This article provides a detailed analysis of NOK-Nokia Oyj stock including a forecast for NOK shares. It features Nokia Oyj technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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NOK Historical Data Review
NOK Current Price Performance Analysis
The Nokia Oyj - NOK stock traded on the American stock market, on 06-05-2024, closed at 3.98$ with a %1.02 increased compared to the previous day.
In the last month, the price of NOK changed by %6.99 increased in value, from 3.72 dollars on 05-06-2024 to 3.98 dollars, increased.
Last year, the price of NOK was 3.99 dollars on 06-06-2023, and changed by %-0.25 decreased in value, to 3.98 dollars decreased within a year.
The price of Nokia Oyj stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
NOK with AI Stock Forecast & Price Target
On the NOK chart Nokia Oyj price was recorded as 3.98 Dollars on 06/05/2024.
The artificial intelligence's forecast on NOK stock is as follows.
The artificial intelligence's prediction error margin for NOK stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Nokia Oyj stock over the next 4 months is: 3.7 Dollars.
The commentary on NOK stock Target Price: Highest: 4.099 Dollars is predicted.
The commentary on NOK stock Target Price: Lowest: 3.117 Dollars is predicted.
Resistance Price where Nokia Oyj stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-25-2024 | 4.099 |
| 12-12-2024 | 4.008 |
| 02-20-2025 | 3.511 |
Support Price where Nokia Oyj stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-14-2024 | 3.782 |
| 10-18-2024 | 3.854 |
| 03-27-2025 | 3.117 |
The commentary on NOK stock: Fluctuations in the target price can be expected in the coming days.
The target price for Nokia Oyj stock by the end of 2024 is predicted to be 3.869 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on NOK stock, and the 2024 target price predictions for Nokia Oyj are detailed above.
The technical analysis and charts for the commentary on NOK stock are below.
NOK Support & Resistance and Trend Analysis
NOK stock you have reviewed the technical analysis support resistance charts regarding.
NOK : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the NOK review, the Nokia Oyj support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Nokia Oyj Support and Resistance Prices:
| NOK Support Level Price | NOK Resistance Level Price |
|---|---|
| 2.94 | 3.46 |
| 3.20 | 3.61 |
| 3.29 | 3.63 |
| 3.31 | 3.68 |
| 3.46 | 3.72 |
| 3.51 | 3.77 |
| 3.56 | 3.85 |
| 3.73 | 3.86 |
| 4.02 |
NOK Technical Analysis: SMA, RSI, MACD
Upon reviewing the NOK chart, buy and sell signals have been generated in the Nokia Oyj technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for NOK stock are as follows:- The technical analysis for NOK indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for NOK indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Nokia Oyj issued a 'Buy' signal when the MACD was at 0.071, with the current MACD value being: 0.071
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Nokia Oyj stock: Click here to read more predictions on Carnival Corporation & stock.
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