While this happened, Danske Bank upgraded its Nokia Corp ADR [NOK] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in mid January from “an Equal weight” to “an Underweight”. Exane BNP Paribas began covering NOK with “Neutral” recommendation on January 12, 2024. Goldman revised its rating on December 18, 2023. It rated NOK as “a Neutral” which previously was an “a Buy”.
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Price Performance Review of NOK
On Tuesday, Nokia Corp ADR [NYSE:NOK] saw its stock fall -2.02% to $4.85. Over the last five days, the stock has gained 2.97%. Nokia Corp ADR shares have risen nearly 41.81% since the year began. Nevertheless, the stocks have risen 49.23% over the past one year. While a 52-week high of $4.95 was reached on 10/28/24, a 52-week low of $2.94 was recorded on 04/15/24. SMA at 50 days reached $4.38, while 200 days put it at $3.86.
Levels Of Support And Resistance For NOK Stock
The 24-hour chart illustrates a support level at 4.82, which if violated will result in even more drops to 4.79. On the upside, there is a resistance level at 4.91. A further resistance level may holdings at 4.97. The Relative Strength Index (RSI) on the 14-day chart is 65.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.35%. Stochastics %K at 93.43% indicates the stock is a selling.
How much short interest is there in Nokia Corp ADR?
A steep rise in short interest was recorded in Nokia Corp ADR stocks on 2024-10-15, growing by 16.17 million shares to a total of 48.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 32.63 million shares. There was a rise of 33.14%, which implies that there is a positive sentiment for the stock.
