$NKE with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for $NKE after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 62.5%.
NKE trade ideas
Nike -just did it. NKEMomentally descended back from OBOS. Plentry of space to descend. Internal formation consistent with a Wave A on fibtime - this is unlikely to be an isolated move in the bounce from previous heights.
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. Confirmation level, where relevant, is a pink dotted, finite line. 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.
NIKE: Bullish Flag, Possibly Beating Earning Estimate Again?Price Action Analysis on NIKE, Inc
On the Daily Timeframe, NKE is moving above EMA90. NKE is breaking out of the bullish flag pattern, indicating a possible bullish bias ahead. The Stochastic made a bullish divergence, signifying a possible upside movement to the target area.
Fundamental Drives
- China sales rebounded further due to ending its zero covid policy.
- Improving earning report, potentially beating earning estimate again.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the NKE"
Nike Inc. (NKE) bullish scenario:The technical figure Falling Wedge can be found in the daily chart in the US company Nike Inc. (NKE). Nike Inc. is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022. The Falling Wedge broke through the resistance line on 17/03/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 6 days towards 123.99 USD. According to experts, your stop-loss order should be placed at 115.87 USD if you decide to enter this position.
Nike is expected to report a rise in third-quarter revenue and grow its market share through 2023, helped by major rival Adidas' split with designer and rapper Kanye West which caused the German company to lose about $600 million in quarterly sales.
Nike is also expected to get a boost from higher sales of its Jordan Retros and some newer launches as the world's No. 1 sportswear maker stays ahead of rivals through its innovative product lines.
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$NKE Broadening formationNot financial advice.
$NKE currently heading to the top of broadening formation. Earnings tomorrow!
Possible Gap up in the morning to finally get to the top of broadening formation but cautious since it might get rejected there and try to fill gaps on the green on the current weeks.
Thanks Alex!
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NKE | Line DrawingThings to have in mind:
I've highlighted a few historic values that most analysts have in their notes.
Nike reports their earnings Tuesday AMC: I'm anticipating the market will buy the surprise.
The bandwidth is at a good value to squeeze.
NKE NIKE Options Ahead Of EarningsIf you haven`t sold NKE here:
or reentered here:
Then you should know that looking at the NKE NIKE options chain ahead of earnings, I would buy the $115 strike price Puts with
2023-3-24 expiration date for about
$2.40 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
$NKE: correction is overNice signal here in $NKE, suggesting the decline from the recent top is over, tight stop allows for a big payoff if the trend keeps going, trail stops gradually over time if it holds over this range.
Best of luck!
Cheers,
Ivan Labrie.
SHORT NIKE.NIKE seems to be loosing its bullish momentum after breaking below a major support to what appears to be a retest (or bear flag) to continue to the downside. This can be supported by the smaller time frames (15m) price action as price is failing to make higher highs and is failing to break and close above what is now resistance. Gaps usually are filled but sometimes the levels created by the gap can cause a bounce so be cautions if shorting early and or have runners prepared incase the gap decides to fill.
$NKEIf the 4hr chart holds up i expect nike to move up over the next two weeks. The Percent Rank is moving off the bottom and interday momentum indicator is pointing up.
NIke final run!FA is strong but can this thing leave thru all the bad bubbles without being punished eventually..... well i believe so lest speculate this into a bearish trend up to 127-900 dollars....why not amazon and apple did....and i hate apple... yet its price soars... nike cant be worse than apple in any means at all... as far as consumers go...
Nike Pulls Back Before EarningsNike pulled back along with the rest of the market last month. Is it creating opportunities with quarterly results later in March?
The first pattern on today’s chart is $116.75. It was the low a year ago and near the high in mid-August. NKE paused there in December before continuing toward $130. The athletic-apparel stock is also bouncing above the same zone today.
Next, the latest pullback dragged stochastics to an oversold condition, from which the oscillator is now rebounding.
Third, the 50-day simple moving average (SMA) rose above the 200-day SMA in mid-January. That kind of “golden cross” may suggest NKE’s longer-term trend has turned positive.
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NKE is going to fall until at least FebruaryNKE Bearish channel; inside week from Dec 5 to 9, and then outside week from Dec 12 to 16. Today (Dec 19) it broke below last week's low ... this is now the third week in a row of lower-lows.
Is it possible that it rallies and goes for a second outside week?
Anything is possible, but it is also up against the bearish channel on the upside. There is very little support on its downside however ...
Looking to go long - PT 135Bullish Bias
1. Break above monthly resistance & above monthly 50 EMA
2. Break above weekly resistance & 50 EMA, 100 EMA, 14 EMA
3. Break above trendline
4. Inverse H&S formation with a retest of the neckline on the daily forming a potential falling wedge
5. Golden Cross - 50 EMA cross above 200 EMA
6. Above the Ichimoku on the daily
Test Area for NKEIdentified on the chart the next possible T-Box, where the price could change its trend.
Nike BearishNike looking to go lower, following blue structure, we can see we have a break, Looking to sell lower.
#NKE bullish weekly reversal @ yearly pivotHello dear Traders,
Here is my idea for #NKE
Price closed above yellow line
Targets marked in the chart
Invalidation level marked with red line
Good luck!
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Please, support my work with like, thank you!❤️
$NKE Short, clear divergence of RSI, and 9/21 crossover.Ticker: $NKE
Investment Strategy: Short
#RSI divergence from oversold
#Crossover of 9ema and 21 ema.
#MACD crossover and divergence.
Fundamental analysis:
Nike, Inc. (NKE) financials that may be helpful in conducting a fundamental analysis of the company:
Revenue: Nike, Inc.'s revenue has been steadily increasing over the years. In 2020, the company generated revenue of $37.4 billion and in 2021, it generated $39.1 billion.
Earnings: Nike, Inc. has been consistently profitable over the years. In 2020, the company had net income of $3.8 billion and in 2021, it had net income of $4.2 billion.
Dividends: Nike, Inc. has been paying dividends to shareholders. In 2021, the company paid dividends of $2.2 billion.
Debt: Nike, Inc. has a significant amount of debt. As of December 2021, the company had long-term debt of $8.2 billion.
Market Capitalization: Nike, Inc. has a market capitalization of $152.3 billion as of January 26th, 2023.
P/E ratio: Nike, Inc. has a P/E ratio of 34.7 as of January 26th, 2023, which is higher than the industry average.
Business Model: Nike, Inc. is a multinational corporation that is engaged in the design, development, and worldwide marketing and selling of footwear, apparel, equipment, accessories, and services.
Note: Please note that this information is for educational purposes only and should not be considered as financial advice. It is important to conduct your own research and consult with a financial professional before making any investment decisions.
Nike extends gains Nike's stock (NKE) kept rising in the intraday levels, buoyed by positive pressure from the 50-day SMA, and amid the dominance of the upward correctional wave in the short term, with negative signals from the RSI after reaching overbought levels, hurting the stock's movements.
Therefore we expect the stock to rise and target the resistance of 138.65, provided it settles above 118.47.
NIKE SHORTA historical third wave has ended, and its length is less than one historical wave, because the extension occurred in one wave. Currently, we expect that wave 4 will be made in any area of the above, and then a fifth wave will be made that will be less in height than wave three, so that wave three does not become the smallest of waves, of course, according to the rules Eliot
NIKE SHORTI think that the decline has not ended yet and it still has to descend to the shaded area in order to end its decline and start a new upward wave
NKE FlaggingCPI will likely impact cons disc stocks in a big way, can play this either direction on a break to targets marked by previous price action
