Technical Analysis: Based on the latest technical indicators for NOK, the stock shows strong bullish momentum:
News Sentiment Analysis: Recent positive catalysts:
Price Prediction for Next Week:
Target Prices:
Based on technical indicators and positive news flow, NOK is likely to test the $5.14 resistance level next week. The stock has strong momentum with bullish MACD crossover and trading above all major moving averages.
Trading Recommendation: BUY
Entry points:
Target: $5.14 (Fibonacci R2) Stop loss: $4.62 (Fibonacci S1)
The stock shows strong technical setup with positive fundamental catalysts from the Infinera acquisition approval and 5G infrastructure deals. The risk/reward ratio is favorable for a long position with clearly defined support levels.
The price of NOK is predicted to go up -0.59%, based on the high correlation periods with AMN. The similarity of these two price pattern on the periods is 96.24%.
NOK
AMN
Year
NOK Price Forecast($)
Potential Return(%)
2025
6.350
40.490
2026
5.500
19.570
2027
6.500
41.300
2028
6.500
41.300
2029
6.500
41.300
2030
7.500
63.040
The capabilities of 5G will bring a new market of customers and a longer and more expansive cycle of network spending as enterprises deploy private networks and use Internet of Things functions.
Nokia is taking cyclicality out of its business by moving more into cloud services and as-a-service offerings that will keep greater revenue streams intact even when customers are not buying new products or upgrading networks.
Nokia's intellectual property portfolio will be even more valuable with 5G, as devices other than handsets will now need licenses for its technologies.
Craig-Hallum
2025-01-06
Price Target
$6 → $7
Upside
+53.51%