Nokia Corp.(NOK) is in an downtrend

(23-May-2008) (23-May-2008) Nokia Corp.(NOK) closed at 27.11, down -0.42 or -1.53 % today. Based on our analysis, Nokia Corp.(NOK) is in an downtrend.

The closing price of Nokia Corp.(NOK) is below its 50 day moving average of 30.13 (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 Corp.(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-Jun-2008, about 3 trading days ago.