Based on the recent news and technical analysis, here's the prediction for NOK's stock price next week:
Technical Analysis: The technical indicators show NOK is currently at a pivot point around $4.55. The Fibonacci levels indicate:
RSI-14 at 50.01 suggests neutral momentum, while MACD at 0.04 shows a slightly bullish signal. The stock is trading above its 60-day moving average of $4.47, indicating a mild upward trend.
News Sentiment Analysis: Recent positive catalysts include:
Price Prediction for Next Week: Based on technical indicators and positive news sentiment:
The stock shows potential for upward movement due to:
The price of NOK is predicted to go up -8.33%, based on the high correlation periods with EA. The similarity of these two price pattern on the periods is 92.75%.
NOK
EA
Year
NOK Price Forecast($)
Potential Return(%)
2025
6.350
40.490
2026
6.350
40.490
2027
6.500
43.810
2028
6.500
43.810
2029
6.500
43.810
2030
7.500
65.930
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
Price Target
$6 → $7
Upside
+53.51%