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Technology Stocks : Nokia Corp. (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: Eric L who wrote (4902)	5/7/2007 11:13:35 AM
From: Eric L	Respond to of 9255

NOK TA Voodoo >> TradeSignals Nokia Morning Commentary Nokia Corp ADS - NOK 2007-05-07 tinyurl.com Nokia Corp ADS finished the previous session weaker extending the prior days weaker tone. Trend indicators are indicating a bullish market. However the overall strength of the trend, as indicated by the ADX, is weak and should be watched as a result. Momentum readings are also bullish. However, the recent downturn in the difference between the MACD and the MACD signal line may indicate a short term decline over the next few days and should be watched. Trend Indicators: Simple Moving Average (10-Day): The closing price crossed below this moving average. However, despite prices trading below the moving average line, the moving average is in an upward slope from the previous session. If prices trade above the moving average then the trend will be clearly established as up. However, this weakness in the price will need to be watched. As a result the 10-Day simple moving average has a weak bullish bias. Simple Moving Average (25-Day): The closing price finished above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 25-Day simple moving average has a strong bullish bias. Simple Moving Average (50-Day): The closing price finished above this moving average. Also, the slope of the moving average is in an upward slope from the previous session indicating further strength. As a result the 50-Day simple moving average has a strong bullish bias. ADX: The Average Directional Change (ADX) indicates the strength of a markets underlying trend. A rising ADX is interpreted as building trend strength, while a falling ADX indicates weakness in the underlying trend and the potential of a market reversal. On this market, the 14-Day ADX is falling, while the long term trend, based on a 50-Day moving average, is up. However, as the ADX has turned lower, it indicates weakness in the current trend. As a result, the market may turn choppy here and has the potential to move lower. Momentum Indicators: MACD: The MACD is in bullish territory. However, the recent downturn in the difference between the MACD and the MACD signal line may indicate a short term decline over the next few days. RSI: The 14-Day RSI is in neutral territory. (RSI is at 66.11). This indicator issues bullish signals when the RSI line dips below the oversold zone (currently set at 20.00); a bearish signal is generated when the RSI rises into the overbought zone (currently set at 80.00). Nevertheless with the RSI at 66.11 the market is somewhat overbought. However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence of weakness from this indicator before getting too bearish here. Volatility Indicators: Bollinger Bands (20-Day Average +/-1 Standard Deviation): As prices are closer to the bottom band than the top band, the Bollinger Bands are indicating overbought prices. Volatility also appears to be decreasing, as evidenced by a smaller distance between the upper and lower bands over the past few sessions. The market is overbought and appears to be weakening. Look for a potential top in this area. Resistance and Support Levels: 26.32 - 20-Day Simple Moving Average Plus 2 Standard Deviations 25.88 - Highest High in last 10-Days 25.88 - Highest High in last 50-Days 25.58 - 3-Day Simple Moving Average 25.49 - 20-Day Simple Moving Average Plus 1 Standard Deviation 25.48 - High 25.39 - 10-Day Simple Moving Average 25.39 - Last Price 25.24 - Low 24.84 - Lowest Low in last 10-Days 24.35 - 25-Day Simple Moving Average 23.84 - 20-Day Simple Moving Average Minus 1 Standard Deviation 23.20 - 50-Day Simple Moving Average 23.02 - 20-Day Simple Moving Average Minus 2 Standard Deviations 22.08 - 100-Day Simple Moving Average 21.01 - 200-Day Simple Moving Average 20.77 - Lowest Low in last 50-Days - Eric -