Nokia Corporation(NOK) is in an downtrend

(28-Mar-2008) (28-Mar-2008) Nokia Corporation(NOK) closed at 30.91, down -0.51 or -1.62 % today. Based on our analysis, Nokia Corporation(NOK) is in an downtrend.

The closing price of Nokia Corporation(NOK) is below its 50 day moving average of 34.43 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Nokia Corporation(NOK) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 3-Mar-2008, about 19 trading days ago.