NIKE is BullishAfter retesting a year long descending trendline once again, the bulls now seem to be in the driving seat as they have managed to break it with good volume. If the previous lower high is broken successfully, then we can expect a bullish rally s per Dow theory. Targets are mentioned on the chart.
NKE trade ideas
$NKE! I am on the KIM pump to $125 (YES we can) Confessions from the Desk: Can Kim K Save Nike, or Did Nike Just Buy SKIMS?
Fresh off two weeks of solid busts (both in the market and in my morale), I’ve decided to pivot—because clearly, my current trading strategy has all the accuracy of a broken Magic 8-Ball. This week, I’ve dipped my toes into consumer goods and sportswear, because if there’s one thing Americans will never stop buying, it’s overpriced gym clothes they never actually work out in.
And right on cue, Nike is making headlines. Did Nike just buy SKIMS, or did they just recruit Kim K to save their soul? Hard to say. Either way, the company is betting big on a Made in USA push—because nothing screams patriotism like a $120 athleisure set stitched together with the finest American thread.
This marks the first global advertising campaign under the new CEO, and let’s be real—the stakes are high.
The real question is: Is Kim Kardashian the savior Nike needs?
$NKE is SUPER BULLISH Nike, Inc. (NKE) has recently seen a bullish sentiment among some investors and analysts, driven by several key factors:
Investor Confidence: Billionaire investor Bill Ackman’s Pershing Square Capital Management increased its stake in Nike by 15% during the fourth quarter, reflecting confidence in the company’s long-term growth prospects despite recent challenges.
Analyst Ratings: The stock has received a consensus “Moderate Buy” rating from analysts, with an average price target of $89.96, suggesting potential for price appreciation.
Strategic Initiatives: Under the leadership of new CEO Elliott Hill, Nike is focusing on premium sports products and direct-to-consumer sales, aiming to revitalize its brand and improve financial performance.
However, it’s important to note that some analysts have expressed caution due to challenges in Nike’s turnaround efforts, including competition and the need for product innovation. I do advise you to checkout their competition.
As of February 18, 2025, Nike’s stock price is $74.75, reflecting a slight increase of 0.02341% from the previous close.
Looking at The Fibonacci levels we have strong momentum to continue to price points of $78.85 with hopes of NIKESKIMS release success takes us to 1.618 of $85.20 or the 2.618 of $95.47
As always trade responsibly!!!!!
$NKE - Well it is what it isNYSE:NKE I loaded quite a bit when it fell below $70 and on reclamation of $70. I am in it for the long haul. Targets remain unchanged.
This may be like loading NASDAQ:META at $88 when every analyst and their mom was negative.
As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
NKE - Coming into long term support areasStill big swing here for swing trades, but I feel it needs to keep coming down to $60, possibly $50's.
I will DCA into shares slowly, and wait to add some LEAPS.
This isn't for the fast money crowd unless you are swing trading the $10 ranges which can be real good.
BUT, we broke current support of $70, we may see the fast track to $60.
on RADAR
NIKE is BullishPrice was in a strong downtrend, however the descending trendline is broken successfully which indicates that bulls are assuming control of the price action. Moreover, there is also divergence on weekly and daily time frames which further indicates that the price has bottomed out. Price has also given a breakout above alligator. Targets are mentioned on the chart.
Nike on a ride up the block before earnings!!!NYSE:NKE , recently hit a double bottom and has currently bounced 10%, right past the resistance of 76.74. As you can see, it came back to test that resistance and closed slightly above it...The last time it crossed 76.74, it consolidated for about a month before dropping again and bouncing off of not only the support of 70.32 but as you can, NYSE:NKE , also reversed at the Uptrend Support. This can now be viewed as support with a confirmation of it closing above 81.18. The next 2 resistant levels would now be 85.05 and 90.16. Furthermore, the last time it reversed off 70.32 it ran up for a 27% bounce.
The long play that I'm currently interested in is:
82.5 Call and 85 Call expiring 3/21 *side note-that's one day after their earnings release
Again, as I've said before... I am not a financial guru and definitely not a financial advisor (yet) but I will share with you my claims regarding what price action I see. I'd suggest you complete your own Due Diligence and not jump into mine or anyone else's picks without diving into some analysis yourself. Last and definitely the most important part... Take Profits, Take Profits, Take Profits!!! I cannot stress that enough. Good luck on your trading journey!
NIKE - Have they finally bottomed?NYSE:NKE
This company has been in a steady downtrend for the last two years as they've fell behind and lost track of what got them to be NIKE!
I believe this is a solid turnaround play for 2025 and beyond.
It does not align as a buy on the trading standpoint yet until we break the diagonal trend line from July 2024. Then we could push towards a double bottom breakout!
Not financial advice
Nike potential rebound, but stars are not aligned yetNYSE:NKE looks at a strong potential bullish reversal from the bottom after price action suggests a double bottom forming. Furthermore, the stock is looking at a potential upside as well after it has broken out of the falling wedge formation.
MACD histogram is slightly positive while the mid-term Stochastic Oscillator has performed an oversold crossover. 23-period ROC saw momentum rising and is back into the upside. Volume remain in a cool and healthy expansion.
Double bottom by the way?The price is dropping again and is now close to the previous low of $70.08.
At this point, the formation of a double bottom with a recovery is possible.
In the case of a breakdown, however, a decline to the long-term support of $65 (blue line) or even to the monthly SMA200 ($60) is likely."
Inverted Bull Hammer candlestick pattern (weekly chart)Nike has confluence with the RSI already going on up and both MACD and Signal line at the 0 line as well. Strong support is shown at the 70's level and already rebounding upwards, just like when Nike fell through mid 2024.
The Inverted Hammer candlestick formation occurs mainly at the bottom of downtrends and can act as a warning of a potential bullish reversal pattern. What happens on the next day after the Inverted Hammer pattern is what gives traders an idea as to whether or not prices will go higher or lower.
The Inverted Hammer formation is created when the open, low, and close are roughly the same price. Also, there is a long upper shadow which should be at least twice the length of the real body.
After a long downtrend, the formation of an Inverted Hammer is bullish because prices hesitated to move downward during the day. Sellers pushed prices back to where they were at the open, but increasing prices shows that bulls are testing the power of the bears.
Read more at: commodity.com
It is about time for NIKE to shine! Technical Analysis:
1️⃣ Support Level Strength:
Nike is currently trading around a strong support zone near $70, a level where the stock has historically shown significant rebounds.
In a previous instance, Nike rallied 27% in under two months after bouncing from this support—suggesting a similar move is possible.
2️⃣ Reversal Signals in Play:
The RSI is showing bullish divergence from oversold levels, further supporting the potential for a recovery.
Fundamental Strengths:
1️⃣ Brand Power:
Nike remains a global leader in the sportswear industry, with unparalleled brand equity and customer loyalty.
2️⃣ Financial Resilience:
Despite recent revenue declines, Nike has shown improved gross margins and strong free cash flow growth, highlighting its ability to manage challenges effectively.
3️⃣ Strategic Initiatives:
Under new leadership, Nike is doubling down on direct-to-consumer sales, innovation, and sustainability—three areas expected to drive future growth and profitability.
4️⃣ Global Expansion:
Nike’s market share, combined with its global reach and innovation in product lines, creates a strong foundation for sustained revenue growth.
Analyst Sentiment and Forecasts:
Analysts maintain a "Buy" rating on Nike, with price targets ranging from $85.92 to $92.47, representing a 14.68% to 30.53% potential upside from the current price of $70.84.
While short-term revenue challenges exist, forecasts suggest Nike’s strategic adjustments will drive a recovery, leading to appreciation in its stock price.
Why This Matters:
✅ Historical tendency to rebound from the $70 support level with significant gains.
✅ Strong global brand equity and market presence.
✅ Strategic focus on innovation, direct-to-consumer sales, and sustainability.
✅ Positive analyst sentiment and attractive upside potential.
Take Profit Levels:
🎯 TP1: $77 – Short-term target based on immediate resistance.
🎯 TP2: $88 – Just below the previous increase from support for a safe exit.
🎯 TP3: $95 – Aligns with the 0.236 Fibonacci retracement level.
🎯 TP4: $110 – Corresponds to the 0.382 Fibonacci retracement level.
🎯 TP5: $124 – Matches the 0.5 Fibonacci retracement level.
Nike's Technical rating "Indicator" since day one is flashing!The only other time we have had such a low readings we had (-76%) drawdown, we are setting on (-60%) this week therefore the risk down is another 16% correction. I have copied the following from Tradingview website to give u an insight on this indicator !
" Definition
Technical Ratings is a technical analysis tool that combines the ratings of several technical indicators to make it easier for traders and investors to find profitable trades.
Calculations
These are the criteria used to determine the rating of the individual indicators used. Note that changes from the last bar are used to determine falling or rising states:
All Moving Averages
Buy — MA value < price
Sell — MA value > price
Neutral — MA value = price
Ichimoku Cloud
Buy — lead line 1 > lead line 2 and base line > lead line 1 and conversion line > base line and price > conversion line
Sell — lead line 1 < lead line 2 and base line < lead line 1 and conversion line < base line and price < conversion line
Neutral — neither Buy nor Sell
Relative Strength Index
Buy — indicator < 30 and rising
Sell — indicator > 70 and falling
Neutral — neither Buy nor Sell
Stochastic
Buy — main and signal lines < 20 and main line > signal line
Sell — main and signal lines > 80 and main line < signal line
Neutral — neither Buy nor Sell
Commodity Channel Index
Buy — indicator < -100 and rising
Sell — indicator > 100 and falling
Neutral — neither Buy nor Sell
Average Directional Index
Buy — +DI line > -DI line and indicator > 20 and rising
Sell — +DI line < -DI line and indicator > 20 and rising
Neutral — neither Buy nor Sell
Awesome Oscillator
Buy — saucer and values are greater than 0, or cross over the zero line
Sell — saucer and values are lower than 0, or cross under the zero line
Neutral — neither Buy nor Sell
Momentum
Buy — indicator values are rising
Sell — indicator values are falling
Neutral — neither Buy nor Sell
MACD
Buy — main line values > signal line values
Sell — main line values < signal line values
Neutral — neither Buy nor Sell
Stochastic RSI
Buy — downtrend and K and D lines < 20 and K line > D line
Sell — uptrend and K and D lines > 80 and K line < D line
Neutral — neither Buy nor Sell
Williams Percent Range
Buy — indicator < lower band and rising
Sell — indicator > upper band and falling
Neutral — neither Buy nor Sell
Bulls and Bears Power
Buy — uptrend and BearPower < zero and BearPower is rising
Sell — downtrend and BullPower > zero and BullPower is falling
Neutral — neither Buy nor Sell
Ultimate Oscillator
Buy — UO > 70
Sell — UO < 30
Neutral — neither Buy nor Sell
The numerical value of the Sell rating is -1, Neutral is 0 and Buy is 1. The group and overall ratings are calculated as the average of the ratings of the individual indicators.
Recommendations for the group or overall ratings are based on this numerical rating value and determined according to the following criteria:
— Strong Sell
— Sell
— Neutral
— Buy
— Strong Buy
The basics
The recommendations given by the indicator are based on the ratings calculated for the various indicators included in it.
The overall rating of the indicator includes two large groups of indicators. The first consists of SMAs and EMAs with different lengths (MA lengths are 10, 20, 30, 50, 100 and 200), the Ichimoku Cloud (9, 26, 52), VWMA (20) and HullMA (9). The second one is calculated on the following oscillators: RSI (14), Stochastic (14, 3, 3), CCI (20), ADX (14, 14), AO, Momentum (10), MACD (12, 26, 9), Stochastic RSI (3, 3, 14, 14), Williams %R (14), Bulls and Bears Power and UO (7,14,28). Each group's rating is calculated separately, so you can select the group in the indicator settings and its respective rating calculation will be displayed on the chart.
What to look for
The Technical Ratings tool is designed to have values that fluctuate above and below a zero line. Its values are plotted as a histogram of red, blue and gray bars, and depend on your selection in the Rating is based on field of the script's inputs, where you can choose to view the value of the MAs rating, the oscillators rating, or the average of both.
Columns are gray when the value of the indicator is between 0.1 and -0.1. Progressively more saturated blue columns indicate rising values above 0.1, and more saturated red columns indicate progressively falling values below -0.1.
The label at the end of the histogram displays the state of the MAs, oscillators, and the overall rating. Its color is determined by the value of the rating selected in the Rating is based on field: gray for neutral, blue for Buy or Strong Buy, red for Sell or Strong Sell.
Summary
Technical Ratings can be a valuable technical analysis tool for many analysts or traders. Many traders use a selection of complementary indicators to make better decisions. Technical Ratings simplifies this task by combining the most popular indicators and their signals.
Note: TradingView does not recommend that anyone buy or sell any financial instrument based solely on the recommendations of the Technical Ratings indicator. Recommendations merely indicate the fulfillment of certain conditions of a set of individual indicators that may help the user to spot potentially favorable conditions for a transaction, if this is consistent with his/her strategy. "
end of copy !
Nike Price Earnings Ratio is similar to 2017 or not ?
Quoting P/E Ratio meaning:
Investopedia
" What Is the Price-to-Earnings (P/E) Ratio?
The price-to-earnings (P/E) ratio measures a company's share price relative to its earnings per share (EPS). Often called the price or earnings multiple, the P/E ratio helps assess the relative value of a company's stock. It's handy for comparing a company's valuation against its historical performance, against other firms within its industry, or the overall market."
end of quote
Nike could go up to 90$Nike has been forming a falling wedge pattern since 2021 and right now is trading at it's bottom. Prices between 70$ to 60$ are historical resistance going back to 2015, 2018 and 2020 which is being tested right now. At the same time we are at the bottom of the falling wedge.
This could be a great buying opportunity with the target of 90$. If price break down from historical resistance region, it can go as low as 50$.