Nokia's rally stalls
Nokia Slides 5% and Halts Its Rally: The Decline Isn't Over Yet
Our view last week
Nokia stock jumps 15% in a week on 92% buy volume: a sharp change of pace for a name six weeks into its Sell signal. The weekly RSI is back near the midpoint, and the daily chart keeps printing higher lows, but the weekly ADX keeps sliding — the trend is losing conviction without truly turning yet. The trade is still up 10.85% since entry.
This week's summary
Nokia gives back 5% in a week on 73% sell volume, wiping out most of last week's rally. The technical picture, though, is less clear-cut than the price move suggests: the weekly RSI slips back toward the midpoint, the weekly ADX keeps falling for 9 straight weeks — the trend keeps losing conviction without ever truly turning — while the daily chart keeps printing higher lows. The stock now trades in a tight band, wedged between a nearby support and resistance.
IQS Phase
60
ordinary
Signal Strength
18
decline fading out
Sizing
MINIMUM
Ranking
#59 / 93
US stocks
Trade P&L %
+15.41%
from signal to date, no stop loss
Rank position
ranks 59th among the 93 sell signals for US stocks in our ranking, with a signal strength of 18 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -3.53% · monthly +1.69%
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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