Nokia Oyj

NOK is entrenched in a Stage 4 decline with confirmed lower highs and lower lows, and price remains below all short- and medium-term EMAs with no clear exhaustion despite extreme oversold readings. The medium-term bias is bearish, reinforced by active Support Failure and Post-Parabola Collapse patterns, and execution favors selling into any relief rally up to the declining EMA band. Long-term uptrend remains intact but offers no immediate tradable edge to the upside.

• ↑AI/cloud orders up 49% in Q1, boosting optical networks
• ↑Q1 revenue €4.5B (+4% YoY) with €629M free cash flow
• ↓Mobile networks sales fell 13%, pressuring revenue mix