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NKE

NKE: Earnings Out of Season, Topping with Strong SupportNike, the icon of footwear, reports today out of season which is not a good sign for earnings. The stock is not being traded heavily pre market, however, so the retail crowd appears to not know about this earnings report yet. The stock has already hit an extreme deviated peak in its business cycle after a fast-paced speculative run out of its prior bottom formed in 2016-2017. This stock is more fortunate than others. It has strong support close to its current price. The Cycle indicator has headed down to the center line and the stock should trough sooner than later. This is a weekly chart so you can see the support level easily. This stock is not a good candidate for a sell short due to this support.
NYSE:NKE
by MarthaStokesCMT-TechniTrader
THE WEEK AHEAD: NKE EARNINGS; CRON, IQ, NTNX, EWZThis post is going to be short work, since there aren't many earnings in play for next week, and non-earnings premium selling is somewhat limited ... . NKE is the only earnings that comes up on my radar for next week (announces on Tuesday after market close). While it has an implied volatility rank of 72, its 30-day isn't exactly "doing it" at 29%. That being said, the slightly short delta, 68% probability of profit, Oct 19th 80/90 short strangle pays 1.72/contract at the mid. Other top implied volatility underlyings include CRON at 140%, IQ at 60%, and NTNX at 54%, but these underlyings aren't the best in terms of expiry and strike availability, which can make for headaches if you need to roll. I've already experienced some of this in a CRON play; there was no November available after the October monthly, so had to roll all the way out to January, which can be a drag if you're less than the patient type ... . I pretty much knew that it could be a headache going in because of oddball expiry availability, but couldn't pass on the juiciness. On the non-earnings front: "The Brazilian" -- EWZ continues to be frisky (but not quite as frisky as it was) with a rank of 69 and a 30-day of 47%. The November 29/40 short strangle camped out at the 21 delta has a probability of profit of 70%, break evens of 27.35/41.62, and pays 1.65 -- not bad for an extremely liquid $34 underlying.
NYSE:NKE
by NaughtyPines
7
Nike's Head and Shoulders!This is a bit of a tricky one because the World Cup is just around the corner. You'd think investors would be optimistic at the prospect of Nike's exposure on the largest sporting event in the world. Looking at how the price has trended it might be that all of that optimism might've been priced-in already and it's the pull back in anticipation of the end of the event. That being said, whatever the reason there's looks to be a clear head and shoulders forming meaning there might be a pull back on the horizon. The preliminary strategy for now, at least unil I can find more evidence over the weekend to the contrary, would be to short the stock and place the stop just above VWAP. Afterwards, I'm looking for evidence around the first indicated resistance level (royal blue) at $ 73.82 to cover the short. I'll do the same at the next resistance level (light blue) at $ 72.96 but by then there must more evidence to support the short but that's light years from now in trading time. But for now we'll rely on the evidence we have that is the MACD using the Ichimoku conversion line as the moving averages under analysis. Selfless plug, check my blog www.ReadySteadyBudget.blogspot.com on materials regarding your home's financial management as well as trading ideas.
NYSE:NKEShort
by godfrey1123
NKE 5-Day Ahead Prediction 04/30 - 05/04 PeriodArtificial Intelligence/Deep Learning Enabled 5 Day Ahead Predicted values for Nike Inc ( NKE ) have been plotted on the chart. The method used in this prediction is Deep Learning/Artificial Neural Network based, and using complex mathematical models/methodologies to analyze and extract hidden time series features in vast amounts of NKE related data. The "trained" and optimized neural network then generates the multi-day ahead predictions which are plotted on the chart and given in the explanation below. The expected 5 Day Change is 0.911 % Predictability Indicator is calculated as : 0.689 Predicted 5-Day Ahead Prices are as follows: Mon Apr 30 Tue May 01 Wed May 02 Thu May 03 Fri May 04 70.588 70.632 70.343 70.191 70.194 Please note that outliers/non-linearities might occur, however FinBrain's Artificial Intelligence/Deep Learning Enabled predictions indicate the softened/smoothed moving direction of the stocks/commodities/World Indices/ETFs/Foreign Currencies/Cryptocurrencies.
NYSE:NKELong
by AhmetSBilgin