Nokia drops 10.1% as the sell signal hits full strength
Nokia slides 10.1% as its Sell signal reaches maximum strength
Nokia drops 10.1% as the sell signal hits full strength
Our view last week
Nokia shares dropped 18.6% this week, reversing last week's bounce: five straight lower highs pulled the price from the 15 area down toward 12, with sellers dominating the last session. Signal strength for the sell signal is back up to 65 out of 100, up from 29 last week -- the decline is regaining pace with lower lows. In our weekly technical analysis on Nokia stock, the price still sits 65% above its 200-week average, and the quality band flags trading as not recommended.
This week's summary
Nokia stock drops another 10.1% this week, with 4 straight lower highs from the 13 area down to 11: sellers dominated the last session in extreme fashion and the stock has slipped into full distribution. In our Nokia technical analysis, the sell signal ranks 7th among the 141 active US sell signals, with the short now more than 24% in profit.
Sell signal in observation
·4th week from start
·US stocks
·T2
·📅 Earnings · Jul 23
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IQS Phase
79
in tension
Signal Strength
100
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#7 / 141
US stocks sell signals
Trade P&L %
+24.61%
from signal to today
Rank position
ranks 7th among the 141 sell signals for US stocks in our ranking, with a signal strength of 100 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
NOK belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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