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NOK Stock! Society Pass Inc | Society Pass IPO | NOK Stock Prediction February 15, 2022 🔥

(Updated on Feb 14, 2022)

Nokia Corporation stock price ended on $5.43 on Monday after losing 1.99%

The Nokia Corporation stock price fell by -1.99% on the last day (Monday, 14th Feb 2022) from $5.54 to $5.43. and has now fallen 4 days in a row. During the day the stock fluctuated 2.61% from a day low at $5.36 to a day high of $5.50. The price has fallen in 6 of the last 10 days and is down by -7.97% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 27 million shares were bought and sold for approximately $148.08 million.

The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $5.48 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.

Signals & Forecast
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. The Nokia Corporation stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $5.65 and $5.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 02, 2022, and so far it has fallen -9.05%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.14 (2.61%) between high and low. For the last week, the stock has had a daily average volatility of 2.22%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Nokia Corporation stock A Buy?
Nokia Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.974

Predicted Opening Price for Nokia Corporation of Tuesday, February 15, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price February 15, 2022
$5.43


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