Meanwhile, Goldman downgraded its Nokia Corp ADR [NOK] rating to a Sell from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early December from “a Neutral” to “an Overweight”. Danske Bank also remained covering NOK and has increased its forecast on October 18, 2024 with a “Buy” recommendation from previously “Hold” rating. Barclays revised its rating on January 19, 2024. It rated NOK as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of NOK
On Friday, Nokia Corp ADR [NYSE:NOK] saw its stock jump 1.19% to $5.09. Over the last five days, the stock has gained 0.59%. Nokia Corp ADR shares have risen nearly 14.90% since the year began. Nevertheless, the stocks have risen 36.10% over the past one year. While a 52-week high of $5.48 was reached on 03/18/25, a 52-week low of $3.57 was recorded on 01/29/25. SMA at 50 days reached $5.10, while 200 days put it at $4.58.
Levels Of Support And Resistance For NOK Stock
The 24-hour chart illustrates a support level at 5.06, which if violated will result in even more drops to 5.02. On the upside, there is a resistance level at 5.12. A further resistance level may holdings at 5.14. The Relative Strength Index (RSI) on the 14-day chart is 52.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.80%. Stochastics %K at 54.40% indicates the stock is a holding.
The most recent change occurred on January 12, 2024 when Exane BNP Paribas began covering the stock and recommended ‘”a Neutral”‘ rating .
