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Nokia Hopes This Will Drive Its Long-Term Revenues

PART:
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Part 7
Nokia Hopes This Will Drive Its Long-Term Revenues PART 7 OF 7

Where Nokia Is Trading Compared to Its Moving Averages in August

Stock returns

In the trailing-12-month period, Nokia’s (NOK) stock has risen 9%. In the past month, it has fallen 3.1%. Since the start of 2017, the stock has risen 29%, after falling more than 28% in 2016.

NOK stock has also fallen almost 0.5% in the past five trading days. By comparison, Cisco Systems (CSCO) and Ericsson (ERIC) have generated returns of 10.0% and 2.0%, respectively, in the trailing-12-month period.

Where Nokia Is Trading Compared to Its Moving Averages in August

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Analyst recommendations

Of the 15 analysts covering tech (QQQ) company Nokia, seven have given it a “buy” recommendation, and seven have recommended a “hold.” There is currently one “sell” recommendation for Nokia.

The analysts’ stock price target for NOK is $6.80, with a median target estimate of $7. Nokia is trading at a discount of 13% to median analyst estimates.

Moving averages

On August 29, 2017, Nokia closed the trading day at $6.2. Based on this price, here’s how the stock fared in terms of its moving averages:

  • 0.9% above its 100-day moving average of $6.15
  • 1.5% below its 50-day moving average of $6.30
  • 1.8% below its 20-day moving average of $6.31

MACD and RSI

Nokia’s 14-day MACD (moving average convergence divergence) is about -0.02. A stock’s MACD is the difference between its short-term and long-term moving averages. Nokia’s negative figure indicates a downward trading trend.

Nokia has a 14-day RSI (relative strength index) score of 38, which shows that the stock has been oversold. Generally, if an RSI is above 70, it indicates that a stock has been overbought, while an RSI figure below 30 suggests that a stock has been oversold.

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