Small dip then up
Support and Resistance:
The stock appears to have found strong support at a key historical level, suggesting a floor where buyers are stepping in.
Resistance lies ahead at a higher price level, which could act as the first target in a recovery rally.
Trend and Moving Averages:
While the stock has been in a downtrend, recent price action suggests stabilization, with a potential shift towards higher lows.
Moving averages are beginning to flatten, signaling a possible end to the downward momentum.
Volume:
Volume patterns indicate accumulation, with increased activity during positive sessions, pointing to renewed investor interest.
Indicators:
RSI is climbing out of oversold territory, hinting at a recovery in momentum.
MACD shows signs of convergence, with a potential bullish crossover that could confirm the start of an uptrend.
Reversal Signals:
Recent candlestick patterns and higher lows suggest that NKE may have bottomed, with a recovery rally likely if the stock maintains its support level and breaks initial resistance.
Support and Resistance:
The stock appears to have found strong support at a key historical level, suggesting a floor where buyers are stepping in.
Resistance lies ahead at a higher price level, which could act as the first target in a recovery rally.
Trend and Moving Averages:
While the stock has been in a downtrend, recent price action suggests stabilization, with a potential shift towards higher lows.
Moving averages are beginning to flatten, signaling a possible end to the downward momentum.
Volume:
Volume patterns indicate accumulation, with increased activity during positive sessions, pointing to renewed investor interest.
Indicators:
RSI is climbing out of oversold territory, hinting at a recovery in momentum.
MACD shows signs of convergence, with a potential bullish crossover that could confirm the start of an uptrend.
Reversal Signals:
Recent candlestick patterns and higher lows suggest that NKE may have bottomed, with a recovery rally likely if the stock maintains its support level and breaks initial resistance.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.