NKE trade ideas
Nike swing trade to the resistance lineLooks like Nike bottomed out last week and I’m looking to retouch the upper resistance trend line.
NikeNIKE, INC. IS A
GROWTH COMPANY.
We create innovative, must-have products. We build deep, personal connections with consumers. And we deliver an integrated marketplace with compelling retail experiences.
“NIKE continues to deeply connect with consumers all over the world driven by our strong competitive advantages,” said John Donahoe, President & CEO, NIKE, Inc. “Our strategy is working, as we accelerate innovation and create the seamless, premium marketplace of the future. I’ve never been more confident in our leadership and teams to operate with agility in a dynamic environment.”**
Our third quarter revenue performance was impacted by disruption related to the COVID-19 pandemic, particularly in North America and EMEA. North America revenues declined 11 percent on a currency-neutral basis, largely driven by global container shortages and U.S. port congestion, which delayed the flow of inventory in the third quarter by more than three weeks, impacting timing of wholesale shipments, and partially offset by NIKE Direct growth of 15 percent. EMEA physical retail sales declined, as 45 percent of NIKE-owned stores experienced mandatory COVID-19 related closures for the last two months of the quarter, however this was partially offset by digital sales, which increased 60 percent. Today, approximately 65 percent of stores in EMEA are open or operating on reduced hours. Greater China revenues increased 42 percent on a currency-neutral basis, which reflects strong double-digit growth versus the third quarter of fiscal year 2019 as we annualize the impact of COVID-19, as well as continued strong digital sales growth of 44 percent versus prior year.
“NIKE's brand momentum is as strong as ever and we are driving focused growth against our largest opportunities,” said Matt Friend, Executive Vice President and Chief Financial Officer, NIKE, Inc. “We continue to see the value of a more direct, digitally-enabled strategy, fueling even greater potential for NIKE over the long term.”**
-Source: nike website
Let me know what you think?
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Not Financial Advice. Not a Licensed Broker.
$NKE at Support - Potential Swing Trade Opportunity to $145$NKE at Support - potential swing trade once the 200MA moves below the 20 & 50 MA. Huge volume after breaking support. - Natalie Garces
Current Price: $132.99
Support: $130.71, $129.20, $126.50
Resistance: $136.51, 139.21, $140, $144.13, $145.21, $146.75
fake breakout , bullish signs for NIKEHello guys,
Nike suddenly bróke down under the major horizontal support of 131 but it was seemingly a fake breakout and jumped back. Furthermore it´s forming a bullish flag on smaller timeframe. Additional to that in terms of the fundamental view, the pandemic will be eliminated and the economy is going to recover, that signifies that Nike will benefit much more from the reopening.
Nike opinionGood time of day, my followers and readers.
Today I wanna talk about Nike as interesting stock.
So, good news are:
1) Nike all this years had good financial results, have big competetive advantage. Revenues growth without big growth of administrative costs
2) Even with last 2020 year and COVID-19 pandemic, company shows good results
3) Overall financial safety, even with big debts
4) Company management allowed short-term investing to stabilise company from COVID-19 aftermath.Inventories become smaller.
Bad news at now are:
1) China's boycot. If conflict escalation will continue, Nike and many other companies can lost one of the biggest markets in the world. (but at the same time just need to wait and watch)
2) Now Nike's value is overvalued, and earlier or later will go back, but all of that will depend from markets value opinion. And for next 2 month will published new 10-Q statement. So, it will be higher volatility. And interesting, that in the end of december of 2020 insiders sold very big ammount of stocks - more then 1 million. And all insider sellings were big enough.
So at my opinion we can wait for growth of prices in waiting new 10-Q report, but at the same time be careful with speculating and investing in this company. From one hand, we can expect growth before publishing of new statement, from other hand - we can expect, that company will fall down and back to the fair value area (now it is nearly from 98 to 103 $)
That is just autor opinion, no recomends. All investing involve risk of loosing part or all invested resources, past success doesn't guarantee future success.
Are markets truly a random walk?You might have seen in the news that Nike has dropped by as much as -4% after they, along with H&M, came under fire following accusations of forced Labour in Xinjiang resulting in a brand boycott in China.
This got me thinking about something i read somewhere. Is the stock market truly a 'Random walk' or is there some level of legitimate predictability?
A truly random walk would mean that it is not possible to predict the direction of a stock, and may only present the illusion of predictability through chanced success. However, as we can see here technical analysis presents the formation of rectangle top. This would imply that investors anticipated some sort of impulsive move in the near future. If i recall correctly from some reading i was recommended break out can occur in either direction although tend to signal continuation in bull markets with an 11% fail rate.
I wonder, was the brand boycott simply an unforeseen chance event the market responded to, thus making the market a random walk (no one could have foreseen this event without insider trading)? Or could the market have predicted the boycott/news event in some way (as could be argued based on this technical analysis pattern)? Can one really predict the direction of a stock at all?
Idk just got me thinking
NKE bull case #NKE looks good here. Dropped after earnings but held the longer term uptrend and broke the short term downtrend
I’ll update chart with some targets later
$NKE with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $NKE after a Negative Under reaction following its earnings release placing the stock in drift D
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Bad news for Nike, but analyst sentiment remains bullishNike reporting an 11% decline in North American sales in FQ3; however, it is currently in a rectangle that should protect against excessive falls.
There are many supply problems, but the analysts continue to see it as bullish.
Resistance should lock the price as the price is still far enough away. It should touch that strong resistance in an oversold condition.
www.cnbc.com
NIKE Stock 16/03/21 Analysis 4H ChartNYSE:NKE
- Trend Analysis -
📑Value: 0/20
📈Growth: 18/20
💰Profitability: 20/20
🚀Momentum: 8/20
💸Earnings: 16/20
🖇️Total Score: 62/100
Analysis:
Low: $41
Average: $72.83
High: $105
Current: $72.96
Data:
Volume 3.74M
Average Volume (3 months) 5.71M
Previous Close $144.94
Open $145.88
Shares Outstanding 1.27B
Technicals:
(Simple Moving Average)
10D SMA $137.13 (+5.55%)
50D SMA $139.63 (+3.67)
200D SMA $122.39 (+18.27%)
Market Cap $221.42B
Total Debt $12.80B
Cash $11.81B
Enterprise Value $222.41B
Dividend Yield 0.76%
Annual Payout $1.10
Payout Ratio 36.88%
Years of Growth 19 Years
Latest Announced Dividend $0.28
Ex-Dividend Date 26/02/2021
Payout Date 01/04/2021
Revenue $38.25B
Gross Profit $16.44B
Net Income $2.83B
EPS Diluted $1.77
Free Cash Flow / Share $2.32
NKE in a double bottom? Looking for feedback on NKE forming a double bottom W shape. Chart is daily candle.
My position 30 shares long. Not trading advice.
Nike Is Trying to Break Out Before EarningsNike has taken a long pause, but now the sneaker giant may be trying to break out with earnings due Thursday afternoon.
NKE beat estimates on December 21, eliciting a wave of bullish analyst notes. However the stock rallied before the report, and proceeded to ease lower for the next 2-1/2 months.
The result has been a price channel with a slight downward slope. Given its big run off last year's, that’s starting to resemble a long bullish flag. (Notice the similar pattern between September and November – also following a strong quarterly report.)
Interesting things happened on March 5. NKE briefly undercut its January low and tested levels previously seen in mid-November. The shares came surging back to end the session in the green, resulting in a false breakdown and bullish hammer. They kept running from that point and yesterday managed to close above the top of the descending channel.
Given NKE’s exposure to the economic reopening and strong results lately, traders may expect more good news this week. Related names like Foot Locker, Under Armour and Skechers USA have also been hitting new highs.
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$NKE earnings playim buying $141 march 26th calls, maybe 2. nike has been trading sideways for 4 months about. with holiday sales, and them doing very well during covid, i think i have some luck here. wish me well fellas.
Good entry pint for NKE One week from the earning release...Hit the bottom and stated bouncing back. Possibly reach $145+ within a week.
