Sell signal in progress
Nokia up 0.4%: buyers return but the decline persists
Sell signal in progress
Our view last week
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.
This week's summary
Nokia closes the week almost flat, up 0.4%, but the number hides a real shift: buyers take back control with 66% of volume, reversing last week's 95% seller dominance. The daily structure is still weak, though, with three straight lower highs from the 13 area down to the 11 area, and the weekly ADX slipping from 67.8 to 55.6: the decline is losing steam without reversing yet.
IQS Phase
79
in tension
Signal Strength
39
decline losing steam
Sizing
REDUCED
Ranking
#24 / 138
US stocks
Trade P&L %
+24.28%
from signal to date, no stop loss
Rank position
ranks 24th among the 138 sell signals for US stocks in our ranking, with a signal strength of 39 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
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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