Nokia stock has risen over 20% in 2018
Nokia (NOK) has returned 7.5% in the last 12 months, -2.1% in the last month, and 3.7% in the last five days. Nokia stock fell 28% in 2016 and was flat in 2017. Since the start of 2018, it’s risen over 20%. The SPDR S&P 500 ETF (SPY) and the PowerShares QQQ Trust, Series 1 ETF (QQQ) have generated returns of 0.2% and 4.4%, respectively, since January 2018.
Analysts’ recommendations and price targets
Of the 13 analysts tracking Nokia, four have recommended “buys” and nine have recommended “holds.” There are no “sell” recommendations on the stock. Analysts’ 12-month average price target for Nokia is $6.68, and their median estimate is $6.4. Nokia is trading at a discount of 14% to analysts’ median estimate.
On April 16, Nokia closed the trading day at $5.61. Based on that price, the stock is trading:
- 7.2% above its 100-day moving average of $5.23
- 0.3% below its 50-day moving average of $5.63
- 1.8% above its 20-day moving average of $5.51
Nokia is trading 24% above its 52-week low of $4.51 and 15.6% below its 52-week high of $6.65.
Relative strength index
Nokia’s 14-day MACD (moving average convergence divergence) is -0.01. A stock’s MACD marks the difference between its short-term and long-term moving averages. Nokia’s negative MACD score indicates a downward trading trend.
Nokia has a 14-day RSI (relative strength index) score of 56, which shows that the stock is trading between overbought and oversold territory. An RSI score above 70 indicates that a stock has been overbought while an RSI score below 30 suggests that a stock has been oversold.