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Nike

$NKE Head & Shoulder PatternNike ($NKE) on the daily looks to be forming a left shoulder to complete a head and shoulders pattern. Disclaimer: Stratford Research newsletters reflect the research and opinions of only the authors who are associated persons of Stratford Consulting Ltd. The newsletters are for informational purposes only and are not a recommendation of an investment strategy or recommendation to buy or sell any security or digital asset (cryptocurrency, etc.) in any account. The information provided within the newsletters is not intended to serve as the basis for any investment decision. Any third-party information provided therein does not reflect the views of Stratford Consulting Ltd. or any of its subsidiaries or affiliates. All investments involve risk including the loss of principal and past performance does not guarantee future results.
NYSE:NKEShort
by atrusik
Nike (NYSE: $NKE) Running On Earning's Beat! 👟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 Bullishcharts
2
Nike. Its just doint it. NKEImmediate targets 154, 159, 163. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NYSE:NKELong
by Rykin_Capital
NIKE ABC CORRECTIONMarket just finished 1-5 Elliot wave and started going down, we are waiting for it to bounce off of a 50% fib zone, retrace to a trend and go down to our demand zone, where we should enter the market for a long position and expect retrace to 50% fib zone of downwards movement. AROON: Shows gain in a bearish momentum so it means we should hit our 50% fib zone Supply/demand zone: Shows strong demand zone at 79$ zone where we should get our entry entry: 79 invalidation: 48 (I will not be putting invalidation on my trade because Nike is on of the industry's giants and we should see rise in price in a long term.) target: 118
NYSE:NKELong
by vf_investment
1
Looking down the road for a NKE reversalI hate talking about water under the bridge, but this time I will bring up the case of NKE. What I am disgruntled about is that I I didn't head my own (documented) thoughts on NKE that I had posted on Jan 19: Depending on how you look at it, there has been 4 times that puts below 144 would have worked out wonderfully. The time, I thought I push to 135 would hold as support but that has proved wrong. I hate to chase so I am looking forward to a reversal. I do want to point out a possible future long.... **__Price History: __** **YTD** -24% **1 Month** -14% **3 Month** -26% **6 Month** -23.5% **1 Year** -7% **5 Year** +121% +01% off 52 week low -30% off 52 week high Recently a gap was filled - previously created in June 21' and fully filled Feb 21' Dividends are here! Historically over the past year NKE has seen a sell off proceeding ex-dividend periods. I won't speak too much on this outside this isolated observation - MM hedging around this period can make the options chain hard to read. Ex-Div. Date Amount Type Yield Change Rec. Date Pay. Date 3/4/2022 $0.305 Quarter 0.9% N/A 3/7/2022 4/1/2022 **__Indicators__** - 3 Day Chart **Moving Averages** Easily summed up as trading below all MA's, the 12/26 EMA, 50/200 SMA, and 9 HMA The most import to note is the break of the current 3 Day candle below the 200 SMA. A failure to recapture the 200 SMA by the close of this candle could set up NKE for further selling pressure before earnings. **RSI** Showing signs of being oversold on its current candle and has been hovering right above oversold for over 30 days now - no divergence present currently **SO** Shows oversold conditions since early Jan 21' and the break below its 50 SMA. The SO remained relatively the same since. **QQE** Shows momentum to the downside. When compared to the ATR and RSI, the QQE makes sense in this case. There are very little signs of a momentum shift that is imminent. **ATR** Specifically the decomposed ATR we see that the stock (recently) has had increasingly bearish range with decreasing bullish range - there is no divergence apparent (yet). 1 year ago NKE was trading at SIMILIAR price levels with about less $2 of bearish price movement as compared to today. The important thing to note here is that there seems to be compounded bearish pressure present causing additional volatility on red days. **OBV** Tracking price closely with no signs of major divergence, although the OBV is declining telling us that volume on down days is getting stronger - thus influencing the ATR (IMO) **__Thoughts on Price Momentum and Direction__** **Candles** The 1 month chart shows a current candle that has opened below and trading below the open of the June 2021 monthly candle - I would look for 122.44 to act as support if bearish momentum continues. This is a level that a reversal could be looked for. Any CLOSE of the March monthly candle below 122 would make me feel like the selling pressure would continue. The 50 MA on the monthly chart could also be used as a level of (possible) support. $122(+- The 3 day chart shows a current candle with 1 more trading day left - Bulls would want this to close above 128 ( Local Support from 1 year ago) and bears would obviously want to close the candle below - again, closing below $122 would indicate continued selling pressure. Since the gap is filled, the biggest highlight here is holding support (122) or not. **Earnings** Historically, NKE has had a beat on earnings for the past 6 reporting periods. EPS reporting turned $0.90, $0.93, $1.16, $0.83 were reported period ending Feb 21, May 21', Aug 21', and Nov 21' respectively. Although the Nov 21' earnings beat, it was down from Aug 21. Estimates now show $0.72, a slightly higher bar than Novembers' expectations but down from what was reported. This to me just says that analysts are expecting the effects of COVID, the labor market, and overall transportation costs to weigh heavily on NKE's earnings. It is also important to note that no dilution has occurred in the last year. **Insiders** According to **__Fintel: __** Shares Outstanding 1,581,295,273 shares Insider Shares 251,328,587 shares Insider Ownership 15.89% Total Insiders 48 "**Insider Accumulation Score** According to Fintel: "The Insider Accumulation Score is the result of a sophisticated, multi-factor quantitative model that identifies companies with the highest levels of insider accumulation. The scoring model uses a combination of the the net number of insiders buying the prior 90 days, the total shares bought as a percentage of float, and the total shares owned by insiders. The number ranges from 0 to 100, with higher numbers indicating a higher level of accumulation to its peers, and 50 being the average." Score: 8.88 (12942 of 13931) - as reference the top rated ticker REFI has a score of 99%+ Although higher insider ownership typically signals more confidence in a company's outlook and ownership in its shares. The more insiders that hold shares the more they would be (in theory) incentivized to do good for the company and help increase its profitability and shareholder value. **Net Number of Insiders Buying (Rank)** -3 (3.38%) 13784 out of 14266 Net Number of Insiders Buying is the total number of insiders buying minus the total number of insiders selling in the last 90 days. The percentile rank is shown here (range from 0 to 100%). **Options** TOTAL OI -527K Call 272K Put 255K P/C RATIO - 0.94 Most significant chain activity on 3/7/22 : The 3/25/2022 strike P $135.00 had a previous day volume of 930, OI of 1,583 and a current OI of 2,243 for a overall charge of +660 (+41.69%) The 3/18/2022 strike P $125.00 had a previous day volume of 1,376, OI of 3,655, and a current OI of 4,309 for an overall change of +654 (+17.89%) Top 10 chains by OI **Chain Bid-Ask Low-High Vol OI** 3/18/2022 C $160.00 $0.00-$0.03 $0.02-$0.06 24 23,946 3/18/2022 P $160.00 $35.25-$35.90 $34.90-$35.70 25 18,805 1/20/2023 C $180.00 $2.35-$2.73 $2.40-$3.25 108 11,596 3/18/2022 C $150.00 $0.03-$0.04 $0.03-$0.15 1,220 11,313 1/20/2023 C $165.00 $4.10-$4.40 $4.10-$5.00 17 11,107 3/18/2022 C $140.00 $0.14-$0.21 $0.19-$0.72 267 10,462 6/17/2022 C $125.00 $10.00-$10.40 $9.85-$10.40 217 10,433 3/18/2022 P $140.00 $15.40-$15.90 $9.60-$16.02 123 10,040 3/18/2022 C $155.00 $0.01-$0.02 $0.02-$0.08 58 8,876 3/18/2022 P $150.00 $25.00-$25.95 $21.07-$25.30 22 7,218 What is important to note here is the $160 Puts and Calls holding the highest OI - premium heavily favoring the Put side. **__Further Observations__** I see NKE continuing its downward trend to test 122. This is a critical level that could start to form support in order for a reversal. An official reversal to me would come with a 3Day candle closing opening above 122 and a close above 135-137. On the monthly, to be more conservative, confirmation would come with a candle close above $150. The QQE on the monthly chart has just flipped (negative) showing (again) bearish momentum - this I do not like if I were to look for a long position too close to the (assumed) $122 support level. I do think, with the right patience, a comfortable long could be taken at confirmation of reversal (early at 135, late at 150) to test ATH's again (179.10). This could equate to a 20-30% gain in full - this is what I will be targeting. **__NFA Disclaimer__** This is NOT FINANCIAL ADVISE. These are my own unique opinions based on MY observations and MY experience. I only wish to document and share my thoughts on NKE. DO NOT take this is as a buy or sell signal, you must manage and take responsibility for 100% of your own trades.
NYSE:NKELong
by OccamsPhazer
1
Elliott Wave View: Nike (NKE) At Potential Support AreaSince bottoming on March 18, 2020 low, Nike (NKE) rallied as a 5 waves into $179.10 which ended wave I on November 5, 2021 peak. Since then, the stock has corrected the cycle from March 2020 low within wave II. According to the 1 hour chart below, wave II pullback is complete at $137.41. The internal subdivision of wave II unfolded as a zigzag structure. Down from wave I, wave ((A)) ended at $155.47, rally in wave ((B)) ended at $171.19, and wave ((C)) ended at $137.41. The stock has started to turn higher in wave III although it still needs to break above wave I at $179.10 to rule out a double correction. Up from wave II, wave 1 ended at $143.21 and pullback in wave 2 ended at $140.74. The stock resumes higher in wave 3 towards $146.32, pullback in wave 4 ended at $144.57. Expect the stock to rally 1 more leg higher to end wave 5 of (1). Afterwards, it should pullback in wave (2) to correct cycle from February 14 low before the rally resumes. Near term, as far as pivot at 137.41 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
NYSE:NKE
by Elliottwave-Forecast
1
Nike Playing the Short Game? Nike - Short Term - We look to Sell a break of 143.08 (stop at 148.92) Posted a bearish Flag formation. A break of 143.00 is needed to confirm the outlook. Closed below the 20-day EMA. 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. The sequence for trading is lower lows and highs. Our profit targets will be 126.53 and 119.05 Resistance: 150.00 / 155.00 / 160.00 Support: 140.00 / 130.00 / 120.00 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
NKE in a downtrend and possibly going to the gap fillLooking at NKE and seeing all kinds of bearish signs for the short term. It is currently under its 200MA and 50 MA, also below the 12 and 26 EMA (DAILY CHART) Bearish case (short term) This one is simple: A break below $144 could give sellers the chance to fill the gap created back on June 24th 2021 Below $144 I can see $138 being a real possibility if not the full gap to $134.82. Puts below $144 could work and be considered. Volume is light. Less shares traded on 1/18 than compared to average volume of 5,815,975 shares NKE has the demand on its product, but supply chain issues make it where they cant meet that demand. Earnings in March will paint a bigger picture as far as revenue and EPS Bullish outlook (long term) That said, I am short term bearish but long term bullish: "Guggenheim's Robert Drbul dubbed the athletic-apparel retailer his "best idea" for 2022 in a December 31 note, saying Nike "is rapidly embarking on the next era of its company history," which he expects to be "digitally led." "Drbul maintained a buy rating and a price target of $195 on Nike stock, which was down 1.8% Monday after gaining 18% in 2021." "Insider reported previously that Nike has been pushing into the future internet, called both Web 3.0 and the metaverse. Its push has included video games, the creation of a metaverse studio, and even a promised line of digital sneakers called CryptoKicks." I really like their effort to step into a newer market and expand. Nike is a staple brand that is not going anywhere. At 145 this stock is underweight.
NYSE:NKEShort
by OccamsPhazer
Bull flag - $35 Potential NKE Run Up. What will be the catalyst?Potential $33 move to the upside for NKE on this bull flag or falling wedge break. Both continuation patterns on Nikes overall bullish uptrend. Playing out a harami candlestick pattern. Bullish reversal of current shorter downtrend. Confirmation for entry will be this break of todays inside bar high of 167.18. Risky entry before close today. Check stochastic. Do your own DD. What will be the catalyst for this move?
NYSE:NKELong
by TrainerHeather
Nike analysis using volume profile. Where are we heading?Hi everyone, Nike stock tends to move agressively after earnings, which happened again on December 21. Let us take a look at the current price action. The stock made ATH early November and proceeded to sell off with the broad market in December. At the day of earnings stock reached 155 level, which is just outside the Value zone . After the market close earnings report was satisfactory, so the next market session brought the stock back to POC with a 6% dayily gain. Now the way is up . 177-179 level should be retested soon. Let me know what you think of this stock. Trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise
NYSE:NKELong
by AyBe_Invest