Nike trajectory - Med term target $54 in 2019?Thank for viewing, Disclosure; I haven't been tracking Nike until a couple of days ago and thought I would post this to see if I can get some feedback. I am not presently able to short trade this share so am just watching for now. I was drawn to it by recent news about presumptive Np.1 NBA draft pick Zion Williamson's and minor injury caused by a Nike shoe blowout. My analysis does in no way hinge on this story, but it can't help the Nike share price and it may just be enough to allow the previous swing high to not be exceeded. A lot of people (who aren't top level sports talent) can place themselves in Zion's shoes (like literally). I would also point to Nike's increasingly politicised marketing campaigns as a cause for investor concern (personally I am a supporter or Colin Kaepernick's protest and would like to see him play again) simply because they have decided to place a talented Sportsman who isn't presently playing at high levels at the centre of their marketing campaign. You don't need to wear the best designed sports shoe to protest inequality. There is a risk that Nike's huge (31% of costs) marketing budget has become at least partially un-linked to mastery in the game. This perceived link had, until now, served them very well. Air Jordans were the highest selling shoe because almost everyone wanted to emulate or be associated with Michael Jordan's absolutely dominant and universally recognised basketball mastery. Even sales of these have slowed recently (www.thestreet.com). These are sideline issues compared to the increasing miscompare between Nike's share price and dividend yields. in late 2017 Nike's PE ratio went from 22 in August and 25 in November to 62 in Feb 2018 and 65.57 in August 2018 (www.macrotrends.net) also (ycharts.com). This is over-extended bubble territory. When PE ratios get too high and EPS fall investors are understandably less willing to accept share price volatility (which increases), so any price weakness should result in a steep selloff. This is a conditional post; I have shown on the chart what I expect to happen over the coming weeks. If the price and RSI both show a lower high and the MACD MA crossover holds and heads downwards for the zero line I think a deep correction is in play. If these three things happen, I would say $54 per share is conservative. Results are expected in a few days at the end of February, expect the high of $86.04 to not be exceeded and the results to be insufficient to support such an inflated PE ratio (which, of course, hinges on very bullish expectations of future growth). Even if Nike posts expected or above expected earnings guidance I expect there to be a sell-off as investors realise how over-extended the share price has become. This was seen in 2018: "Investors weren't all that impressed. 10 percent revenue growth ... it really needed to be a little bit more than that," Stacey Widlitz, president of consulting firm SW Retail Advisors, told CNBC (www.cnbc.com)." My view is, of course, coloured by a an increasingly bearish view of the S&P500 and expectations of a European (Italy in recession, Germany likely to follow with GDP growth currently at 0%) and US recession possibly apparent shortly. Most analysts are calling a 2020 US recession. I just think it may be brought forward a few months. Nike has increased revenue by raising prices for its goods, something that may shortly become unsustainable. I will be following with interest. Good luck everyone and protect those funds.Shortby flyinkiwi10Updated 1
Preparing for this weeks earnings! - NKE (Nike)Earnings: Thursday after close Technicals: Buy Zacks Rank: Buy Possible resistance at $88. Possibly not too. It began it's decline from $88 in October 2018, which was when market overall was bad. It sunk down to $65, but has made an incredible recovery. Caution: Trade war Price target upgrades Action: Buy Call or Bull spreadLongby PocketTendiesUpdated 3
hypothetical open, bulls need that pre market winlower low on the daily, 82 is a small drop below then 78 (ref:see oct 10) $XRTShortby chaching230
bearish shark + divergenceSimilar play to the DG earnings play (which has thus far performed 100% to expectations). Big bearish shark where the algos have kept it bound to the .886-1.13 box while MFI tanks. 1.618 projection is a minimum requirement for a shark and that's exactly where it closed at on Friday. Looking for a retrace back to 77.50 area after earnings here. Clear RSI divergence. I don't like to bet a lot on earnings so not laying anything big here and may just take profit before they report.Shortby chinawildmanUpdated 1
NKE: Early reporting stocks set the tone for earnings seasonNIKE is reporting earnings today AFTER the market closes. How the stock behaves will help determine how to trade this earnings season as we can begin to determine which of the HFT algorithms are being used and the expectations of the pro traders on how they are managing the pre-news they receive ahead of the retail crowd. Currently there is no viable pre-earnings run setup. The stock is bouncing around the previous all-time high area, without breaking to the upside. HFTs have been in this stock on earnings report days in the past. The report needs to be very positive this time. The next few charts I use for analysis will be about studying these very early reporting companies and the HFT algo reaction. Stay tuned… by MarthaStokesCMT-TechniTrader0
NKE double top and possible of trend revertmonitor price action, if move up to 86 then wait for bearish daily candle to sell target to 77 or depend on your reward /risk ratio.Shortby nobituusUpdated 0
All the other kids with their pumped up kicks BETTER RUNI am projecting a monster Q4 beat. Besides, $NKE needs to breakout from these levels before 2H 2019. If I'm wrong, I'm wrong small, If i'm right, I'm right big.Longby UnknownUnicorn29930862
Nike if youre into sneakers you have to own 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. The company is headquartered near Beaverton, Oregon, in the Portland metropolitan area. 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$24.1 billion in its fiscal year 2012. As of 2012, it employed more than 44,000 people worldwide. In 2014 the brand alone was valued at $19 billion, making it the most valuable brand among sports businesses. As of 2017, the Nike brand is valued at $29.6 billion. Nike ranked No. 89 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. Posted my last buy ins and as you can see the chart koved upward as predcted. We know the story we know the game!! If youre confident on the sneaker game then you must buy NKE Two buy ins #1 to keep it safe wait for a third red day it doesnt matter if its cents or dollars after the 3rd red day you buy. #2 buy in first thing in the morning. Chart is on an uptrend and aout to bounce off of the resistance . This is a long hold too it will make you money !!!Longby anwezzy13230
NIKE SHORT SELLBearish Divergence on 4h TF and also Daily chart, Entries are $87 to $88 zone target $81.84/82.25 trade duration less than 10 days.Shortby bitcoinwizard14
NKE - LongEntry = 86.29 (also possible average down if it hits bottom channel trend line) Target 1 = 88 Target 2 = 89.20 Stop = Daily close below 86.29 Trade is invalid if it breaks out before hitting support. Also invalid if the pullback to support is caused by bad news.Longby Blackhole-Trading0
Nike new All Time High Nike price jumped above its previous all time high this morning. Decent volume. Looks like a break out. Old resistance now is support.Longby Market_Psychology0
NIKE SHORT All points from the monthly to the lower timeframes has me looking to short this stock. risk to reward is nice also.nShortby Triniboy_FX1
Nike Could Lose 61.8% by March 2020 to hit 204 Month SMATime to short it with a stop $1.00 above all-time highShortby markettimer7770
Nike's 204 Month SMA @ $28.00 vs Current Price of $85.00Do you think we can tag the 204 Month SMA by Q2 2020?Shortby markettimer7770
Nike Short - no futurei see no future for this one in any of the deal China_US scenariosShortby CodedFlow0
NKE Low expected to be March 26 2020 optimal buy pointYou Guessed it... brschultzShortby markettimer7770