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NKE

$NKE buy the dip?$NKE been trending down for the past few months or so possibly because of the pandemic making all the shops temporarily close down all over the world.. as of for earning NKE has been good with ok projecting guidance. also there's a lot of flow calls coming in for NKE. below is my ideal entry for day trading or scalp play. $NKE average move per day is about $3.00+ a day. AAPL: Day trade or scalp target play: 04/11/22 Buy call above 135.60 sell at 137.61 or above. Buy puts below 131.11 sell at 128.78 or below. option open interest: ideal expiration date: 5/20/22 , 4/29/22 or 09/16/22 Hello everyone, welcome to this free technical analysis . ( mostly momentum play ) I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities for day trades or scalp play. If you have any questions or suggestions which stock I should analyze, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel. Thank you for stopping by and stay tune for more. My technical analysis is not to be regarded as investment advice. but for general informational proposes onl
NYSE:NKELong
by CHRIS_B58
$NKE Head & Shoulder PatternNike ($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 Potential Double Top - What's Next?Description NKE has now rejected the 175 level for the third time, now I am tracking this Descending Triangle consolidation pattern. This could be a Double-Top pattern in the making, although the Double-Top is notoriously difficult to track, and nearly never confirmed until long after is has finished it's formation. Evidence indicative of the usual Double Top: Two tops at approximately the same level, but more than a month apart Somewhat less activity on the second advance than the first Dull or irregular, rounding-type of recession between them It is noted that should a small H&S or descending triangle occur at the second top, long commitments should be protected with a tight stop, or switched to a more promising chart picture. In NKE's chart, we see two Tops at approximately the same level (within 3%), and approximately 3 months apart, which is a strong indication that this is not a normal congestion or consolidation pattern. Slightly more activity can be seen on the second advance than the first, and there is distinctly low activity throughout the entire pattern. The recession between the tops marks one of the only increases in activity in the entire pattern, taking place perfectly at the last known resistance around 145, and marked with a large gap down following the earnings report on 23SEP. At the second peak, NKE is currently undergoing some type of consolidation that appears to be a descending triangle with irregular volume. What, in picture, appears to be a "Descending Triangle" has highly irregular volume throughout and could potentially be portrayed as a Falling Wedge. The Descending Triangle has bearish implications, while the Falling Wedge has bullish implications. Although the volume displayed is not conducive to either formation, it could be explained by high volatility in the indexes. With these things in mind, I believe the best position to put on is a 3-month Straddle. The options market right now is implying about a 14% move in either direction in the next 3 months, so any expiration beyond 146 or 194 would be profitable in that time period, with the last potential support being at 143 for the downside, and all-time highs to the upside. I, however, will be putting on a directional play based off of where I think the indexes are heading: Long Put Levels on Chart SL > 175 PT : 150 *Stops based off underlying stock price, not mark to market loss The Trade BUY 01/07/22 155P R/R & Breakevens vary on fill. This put generates a good breakeven in advance of the 145 support if held until expiration. If you would like me to build the Straddle or build a Strangle, just ask. The Strangle will create a cheaper position, but push the breakevens further away from the current stock price. As always, time will tell Manage Risk Only invest what you are willing to lose
NYSE:NKEShort
by BarnardR
Bearish Divergence(NKE) Although NKE has been steadily increasing, we are seeing signs that a turn towards the downwards may be soon. The greatest indication of bearishness is the divergence that we are seeing between the prices movement and the momentum. What signifies a great entry for PUTS is the sell signal given by the Willy Oscillator. Due to a massive bearish sign, I see a target to 150 as a great place to consider cashing out your puts due to it being the 0.5 Fibonacci Support. If we keep getting bearish signs a target to 135 will be made since that was where the gap up started. Bearish Signals -Squeeze Indicator(4h) -Bearish Divergence -Willy Oscillator Fibonacci Price Targets -1st 164 -2nd 156 -3rd 150 -4th 144 -5th 135
NYSE:NKEShort
by ddcakez
A trading idea on Nike! 👀Hi everyone! Today’s trading idea is on Nike (NKE)! It is a long trade for 3 reasons. First, the pivot at 131.83 was broken today, and this might be the beginning of a good movement next. Second, the RSI shows an advanced breakout, and this is another confirmation we have here. Third, we are near support level in the 4h chart (130.48), and NKE is doing some interesting reversal patterns around, like a spinning bottom and recently, a bullish engulfing. If it loses the support, we should get out. The target is the 138. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NKE
by UnknownUnicorn21312077
2