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Nike

Elliott Wave View: Nike (NKE) Incomplete Bearish SequenceNike (ticker: NKE) shows incomplete bearish sequence from the all-time high 11.5.2021 high as well as from 3.30.2022 high. The ideal and minimum target for this bearish sequence is around 77. The right side therefore remains to the downside and rally should fail in 3, 7, or 11 swing. Near term, the Elliott Wave view on Nike (NKE) suggests that cycle from 9.13.2022 high is in progress as a 5 waves impulse. Down from 9.13.2022 high, wave (1) ended at 94 and rally in wave (2) ended at 99.89. Nike then resumed lower in wave (3) with internal subdivision as another impulse in lesser degree. Down from wave (2), wave 1 ended at 94.48 and wave 2 ended at 98.32. Wave 3 ended at 82.33, wave 4 ended at 86.20 and final leg lower wave 5 ended at 82.15 which completed wave (3). Wave (4) rally is in progress as a zigzag Elliott Wave structure. Up from wave (3), wave A ended at 86.47 and pullback in wave B ended at 85.25. Final leg higher wave C is expected to complete at 89.5 – 92.12 area and this should end wave ((4)) as well. This is a 100% – 161.8% Fibonacci extension of wave A. From this area, the stock can resume lower in wave (5). Near term, as far as pivot at 99.9 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
NYSE:NKE
by Elliottwave-Forecast
Nike Potential Buy From Current SupportI'm not a stock trader but when I see a stock at an overbought or oversold price, I just can't resist the temptation to analyze and if possible, catch some few pips in. Nike has been on a solid downtrend since December of last year, 2021, we are currently seeing prize at a major support level which was tested in May 2020, we may see two things happen at this juncture; we may see a bearish continuation if our level of support is broken, the market may continue downward to point X(65.43) before an upward reversal or it may also sell further till point Y(49.99) which would bee a good price for buyers of this stock., nonetheless, we may see the market continue upward if it breaks the 99 dollars price level till at least point T(129.81). NB: You may want to start looking for buy signals on the hourly timeframes at current support or signs of a break below structure.
NYSE:NKE
by JeffersonTrades
a valuable oversold company!!! (Long)Strong consumer demand has been the main source of confidence in the world's largest economy in the post-pandemic environment. Even as the Federal Reserve embarked on its most aggressive monetary tightening cycle in decades, many economists argued that a soft landing was still possible, given significant pent-up demand for consumer goods such as shoes, clothing and cars. But yesterday's report from Nike (NYSE:NKE) revealed that the strongest pillar of the US economy could be in jeopardy as consumers face a double whammy in the form of high inflation and rising interest rates. }}. The world's largest sporting goods company told investors yesterday that it is grappling with a huge pile of unsold products, forcing it to offer aggressive discounts and squeeze margins. On Thursday, the Oregon-based company said global inventories had risen 44% to $9.7 billion in the quarter ended Aug. 30. In North America, the company's largest market, they increased 65% compared to the previous year, mainly due to slowing demand and delayed shipments. In this context, Nike will see its margins erode, falling between 200 and 250 basis points this fiscal year; the previous estimate was that margins would remain flat or decline by 50 basis points, at most. The company's minimum considering targets on Wallstreet is $88 according to Tipranks. which the average cost of the shares is $114. then we set the next objectives to follow according to the profitability of the company. (Let's go long). Objectives: tp1-$93 tp2-$103 tp3-$113
NYSE:NKELong
by Deal2TP
NIKE: Continuation of Bearish Movement Ahead, Short Opportunity?Hello Fellow Global Stock Investor/Trader, Here's a Technical outlook of NIKE! NIKE has broken out of Ascending Broadening Wedge. Furthermore, The MACD indicator created a Death cross, indicating potential bearish movement ahead. All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/Resistance area. "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the Stock"
NYSE:NKEShort
by financialfreedomgoals101
6
NIKE - BULLISH SCENARIOThe downtrend for Nike Inc seems to be over. The American sportswear company got huge support at the $ 100 price level. The 1st,2nd, and 3rd resistance levels are located respectively at $ 118, $ 130, and $ 140 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:NKELong
by legacyFXofficial
Nike (pullback to make double bottom?)Looks like we may be entering into a corrective state of market structure. We have recently finished our second 5 wave impulse being that we are on a downtrend currently. We have been dealing with a bearish rally filled with good news from the media while there are still battles ongoing with rumors of war, inflation , supply chain issues etc. I could keep going but you get the point. Smart money is still being strategic about the manipulation so I wouldn't get too bullish . If this corrective wave is true, we would like to see a pullback into the B wave which should start a range for the new "ABC" correction before judging the next breakout. We have our stop loss set at the high of wave a to be safe and our target are at the 61%, 78%, and 100%, to account for either a "regular flat", "irregular flat", or a "running flat". Not advice of course! Let's see how this plays out going forward. Thanks for the support! Remember, the better you is tomorrow but the current days needs enough attention to get you there!
NYSE:NKEShort
by Redimere_91
$NKE Iron Condor IdeaAfter being struck down -7% post ER and general weak market, I like the idea of selling puts on NKE via an Iron Condor (bull put spread and bear call spread). With a demand zone 95-100 area, I opened 2x position 100/95p bull spread and 1x position 125/130c bear spreads with another 1x to be added on next green week ( assuming we get one) to capture better call premium . Opex a few months out will give this trade idea time to work and capture more premium. If you're more bearish than I on this name, an idea would be to adjust the calls closer to the underlying , say 110/115, however after today's purge I favor the probability on the upside hence the 2x put spread Iron condors are nice because you can adjust the position as the stock moves (adding more legs, etc. ) with the trade making max profit if Nike is between 100 and 125 in the coming months. Cheers
NYSE:NKE
by FriscoTrades
1
Nike to Drop in Price Until Near AugustGood Day To The Investing World As shown in this simple analysis, judging from the previous few months of Nike's recorded performance, we can expect a drop in price on Nike's stocks. This is a similar case for rival Adidas, who has dropped 29% in the past half year. Despite the lockdown era coming to an end, it's only one or the other that will eventually make the line point to the sky. However, as the price falls, the trend rises. Therefore, the rise in trend will mean that eventually, as stated in the title, Nike may start rising again.
NYSE:NKE
by Audace_Club_de_Automobili
2
Nike sitting on 20-year support lineJust an observation: Nike (NKE) is currently sitting on the Fibonacci Bollinger Band (FBB) plot line that has generally acted as support for the past 20 years. The weekly candles are printing long lower wicks which could suggest a bullish reversal is building along this line. The yearly chart is not overextended and fitting perfectly on multiple linear log trend lines that stretch back decades. Seems like a warning to those who are selling or shorting Nike at this level. Anyone feel differently? Not financial advice.
NYSE:NKELong
by SpyMasterTrades
Nike (NYSE: $NKE) Sprinting Toward Golden Pocket! 🏃NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team, and league logos, as well as sells sports apparel. In addition, the company sells a line of performance equipment and accessories comprising bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment for sports activities; and various plastic products to other manufacturers. Further, it provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. Additionally, the company licenses agreements that permit unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. It sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; and other retail accounts through NIKE-owned retail stores, digital platforms, independent distributors, licensees, and sales representatives. The company was formerly known as Blue Ribbon Sports, Inc. and changed its name to NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.
NYSE:NKELong
by RedHotStocks
1
Grab A Pair of Nike’s For A Friendly Game Of…Grab A Pair of Nike’s For A Friendly Game Of… ...head shoulders knees and toes! I’ve identified a head and shoulders pattern on Nike’s (NKE) weekly chart. My plan is to swing put option contracts on NKE. The measurement from the neck to the head is approximately 55.69 ticks. Therefore, the maximum price move to the downside is 62.99. On another note, I was looking at Nike’s trend going back to 2016 and identified several bullish patterns along the way that made me smile with glee. I like this stock and will pay attention to it more than I have in the past. *This is not financial advice. “Check” your head and shoulders, Al
NYSE:NKELong
by MrALtrades00
NKE Bullish for Weekly Trade: Expect to clsoe above 122.68NKE has remained within our internal trading parameters. After assessing the past six weeks our probability is pushing out greater than 90% of closing above the 122.68 by end of the week. Therefore, we are bullish in short term sentiment. Bullish target could be the 129 area, but remaining above the 122.68 is the overall target. End of the week is the key; however, profits can always be taken earlier and expiration dates (if trading options) can be extended out.
NYSE:NKELong
by bsdvs23
Nike Running Away?Nike Short Term - We look to Sell at 136.07 (stop at 140.63) Bespoke resistance is located at 140.00. Posted a Bearish Outside candle on the Daily chart. The bias is still for lower levels and we look for any gains to be limited. The primary trend remains bearish. Daily signals are bearish. Our profit targets will be 119.93 and 111.01 Resistance: 140.00 / 155.00 / 160.00 Support: 125.00 / 120.00 / 100.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:NKEShort
by Saxo
1