Nike unreal R:R opportunity Will want to be around when Nike breaks above 77. Incredible R:R trading opportunity
NIKE34 trade ideas
$NKE Nike, Inc is finally back to CHEAP-ENOUGH levelsMany years ago I had drawn this 1.7-1.3 level in the PSR (or Price-to-Sales Ratio) for NYSE:NKE and the recent smack down for NYSE:NKE stock has put it within reach of the 1.7-1.3 X Sales zone.
The RETURN for shareholders has been negative for the last 7 years in NYSE:NKE when adjusted for inflation. The stock is basically unchanged back to 2018 here (not factoring dividends).
What is the point of this?
When a stock gets sold down on bad news, there is an underlying level of value which will support it from that point forward. There are always portfolio managers looking to invest in stocks that have had solid long term fundamentals with rising sales and earnings and a nearly recession-proof business model.
The opposite is also true that there are NO BUYERS for a stock once it gets ridiculously overpriced and no one can justify buying shares are high prices. The only hope you have at that point is for momentum to attract new buyers who aren't paying attention to valuation and because of tax laws that encourage people to hold on for long term capital gains tax rates to kick in for holding periods greater than 1 year.
Thanks to TradingView for providing all of this high quality fundamental information AND for the ability to graph this data so we can visualize and see where the value is in the marketplace.
The value is down here in NYSE:NKE shares so it is a good time to start buying.
Cheers,
Tim
3:47PM July 1, 2024 76.67 last +1.30 +1.72%
NIKE - A No Brainer! Following on from our last analysis of Nike, we are down a further 20%! As explained in the last analysis, Nike 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 chance of it going bust is incredibly low. Any dips should be considered a buying opportunity.
We are fast approaching the pandemic lows, which is our initial area of interest. Anything below the pandemic levels will provide us an even bigger opportunity to buy!
For confirmation that we've reversed, we can wait for the break of the red trendline. Alternatively, we can slowly build our positions as we move lower.
The move up is inevitable. It's just a question of when!
Goodluck and as always, trade safe!
Jumping down, huge lossesNike shares (NKE) finished the regular trading session 20% lower after the stock was hit with multiple downgrades from firms like Stifel, Morgan Stanley and UBS. The selloff marked Nike's biggest one-day percentage decline on record.
$NKE back to $78 before next move down?Interesting price action after-pre market from friday until today. Stock shattered all support with the last gap down, could move further down, but I'm thinking it moves up a bit first. Looking at $78 as a target this week before it drops further. Market is over heated so it could just sit sideways for awhile since it already retraced.
Not trade advice.
BIG drop for NIKE. 20% dump. Will it get a bounce?Close to a 20% drop for Nike on Friday which was its worst drop in the companies history.
Might be one to watch for a short term recovery. Companies sales showing weakness so I wouldn't expect a bigger long term recovery. More an in and out type play or one with a close stop for the bargain hunters if they think it is oversold.
NKE Leap Call / Long Term BuyNike is setting up for a long-term buy / leap call opportunity. The Jeanius Indicator/Screener gave the following reasons why:
Price fell through two untested lows, taking out sell-side liquidity. The indicator shows how much volume came from and how far price ran up from these lows.
NYSE:NKE is also testing a 3M uptrend line from the low of 2017 through the low of 2020.
The brilliant Jeanius Indicator printed "Combo" labels on the chart when this specific combination of multiple confluences has occurred in history!!
NIKE - Dead or a Cheap Opportunity? Nike has been on a rough patch recently & this past week didn't help as it saw it's worst day in over 20 years.
Now the question is, is Nike dead in the water or has price gotten so cheap that it makes for a good investment opportunity?
Now, I'm not here to tell you that you should or shouldn't buy Nike, rather if you were considering it, where you may want to look to do so at & what you need to be aware of if you do.
I'd love for you guys to continue the discussion by sharing your opinions below!
And as always I wish you a fantastic week of trading and investing.
Akil
NKE Nike Options Ahead of EarningsIf you haven`t sold NKE on this Head and Shoulders bearish chart pattern:
Now analyzing the options chain and the chart patterns of NKE Nike prior to the earnings report this week,
I would consider purchasing the 97.50usd strike price Puts with
an expiration date of 2024-7-19,
for a premium of approximately $4.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NKE Short Idea **Reasoning:**
- Nike (NKE) has seen a significant drop, over 20% in one week, due to poor earnings and declining demand for footwear.
- The stock closed with a high relative volume of 8, indicating heavy selling and buying activity involving both new and long-term investors.
- This trend is expected to continue, potentially leading to further declines in the stock price to the $70-$60 range.
- A volume profile analysis shows major dip buyers around $50, suggesting significant support at that level.
- The plan is to short the price earnings gap move with a stop loss at AVWAP and another position with a stop loss at the high of the day.
- Continuous additions on pullbacks into AVWAP during capitulation are recommended.
- This stock is a major watch for both long and short traders due to the big trade potential on the horizon.
NKE ShortNike (NKE) has seen a significant drop, over 20% in one week, due to poor earnings and declining demand for footwear. The stock closed with a high relative volume of 8, indicating heavy selling and buying activity involving both new and long-term investors. This trend is expected to continue, potentially leading to further declines in the stock price to the $70-$60 range. A volume profile analysis shows major dip buyers around $50, suggesting significant support at that level. The plan is to short the price earnings gap move with a stop loss at AVWAP and another position with a stop loss at the high of the day. Continuous additions on pullbacks into AVWAP during capitulation are recommended. This stock is a major watch for both long and short traders due to the big trade potential on the horizon.
NIKE GREAT INVESTMENTNIKE STOCK
BUY ON:
Spread the investment over the following price levels.
65.00 $
53.97 $
41.37 $
31.90 $
24.80 $
TP1: 91,82 $
TP2: 101,46 $
TP3: 145,05 $
TP4: 166,49 $
🎲🎲🎲🎲
Good Luck.
$NKE bottomed? NYSE:NKE stock dropped significantly yesterday, but I see a potential buying opportunity here as it found support right at the VAH from the 2009 lows. This suggests that the trend from that year has been broken, and a new cycle may likely begin now.
Nike’s Plunge. x_xNike Inc. (NYSE: NKE) has experienced a precipitous decline, closing at $75.37, down by almost 20%. This has sparked intense scrutiny and speculation regarding the stock’s future trajectory. Here’s an in-depth technical analysis to offer insights and projections.
Nike’s recent price action is characterized by a sharp sell-off, forming a large bearish candlestick on the weekly chart. This signifies a strong bearish sentiment among investors. The volume spike accompanying this drop indicates significant selling pressure, suggesting that the bearish momentum might persist.
The 10 and 20-day moving averages are significantly above the current price, indicating a short to medium-term bearish trend.
The RSI is on the brink of entering oversold territory, which might indicate a potential for a short-term bounce. The CCI’s extremely negative reading also suggests the stock is deeply oversold.
The negative momentum indicators reinforce the bearish sentiment. The MACD is in negative territory with a widening gap between the MACD line and the signal line, further indicating sustained downward momentum.
Nike’s earnings have historically beaten estimates, with Q3 ’23 showing a surprise of +29.84%. However, the forecast for Q1 ‘24 shows an EPS estimate of $0.59 and revenue estimate of $11.87B. These projections, amid current market conditions, will play a crucial role in determining the stock’s near-term direction.
The sharp decline has been attributed to concerns over future earnings and potential supply chain disruptions. This negative sentiment is reflected in the “Strong Sell” recommendation from various technical indicators.
Key Support and Resistance Levels
Immediate Support Levels:
S1 (Classic): $66.86
S2 (Classic): $24.21
Immediate Resistance Levels:
R1 (Classic): $87.72
R2 (Classic): $130.37
Short Position
Given the strong bearish signals and the significant decline, a short position seems more appropriate at this juncture.
Entry Point: If the stock breaks below $66.86 with high volume, confirming continued bearish momentum.
Price Target: $50.00 (initial), with a potential to drop to $24.21 if the downward pressure remains strong.
Stop Loss: $75.00
Long Position
A long position should be considered only if there are clear signs of a reversal at key support levels.
Entry Point: If the stock shows reversal signals around $66.86 with increased buying volume.
Price Target: $87.72
Stop Loss: $60.00
Speculative Price Targets
Bearish Scenario
If Nike continues to face strong selling pressure and breaks below key support levels, the stock could test the $50.00 mark in the short term. Should macroeconomic conditions and company-specific challenges persist, a further drop to $24.21 is possible.
Bullish Scenario
In a bullish turnaround scenario, where support at $66.86 holds, and positive news or earnings surprises come into play, Nike could rebound towards $87.72. A sustained rally could see the stock attempt to recover towards the $100 mark, aligning with some of the longer-term moving averages.
Nike Inc. (NKE) is at a critical juncture, with strong bearish momentum currently dominating. While there is potential for a short-term bounce, the prevailing indicators suggest a continuation of the downward trend. Traders should consider shorting the stock if it breaks key support levels, with tight stop losses to manage risk. Conversely, a long position may be viable only on clear reversal signals and stabilization around significant support levels.
Nike- In a supercycle my thoughtsI believe that nke will come down to as low as 35 a share by the time the abc corrective wave is done. In a risk off environment.
This is not financial advice ,only entertainment purposes.
NKE FREERUNS TO THE LOWSWhen looking at the chart, we have a clear three wave structure coming down from the November 2021 high. That puts the current price action in wave C, with the question of where will wave C end. That said, institutional activity has left a clear roadmap with strong support at the .764 extension around $57, which should create a fresh low on the weekly RSI to start looking up again.
$NKE almost there…Reaching ‘vid levels, could see price dip under 70.
Great place for shares/options.
“I like the stock.”
NikePoor results mean Nike has broken out of a triangle pattern which started forming in March 2022.
Clean break down with large sell side volume.
NIKE - Just Do it
Looking for a long term long position.
Four years of gains wiped out.
Looking to retest COVID lows - look for a base before going long.
6/28/24 - $nke/$spy - these charts r important 2 learnon this friday i want to explain what i mean by NYSE:NKE on it's AMEX:SPY pair (we refer to things a lot in "crypto" vs. it's CRYPTOCAP:BTC pair - to be clear i don't chit coin much, i'm essentially maxi, but we come back to that in time k?)
in stonks, i think we can borrow something interesting from the "crypto" industry, which is looking at things on their high quality pairs. this eliminates the issue of time bias. e.g. do you measure YTD vs. another asset. do you pick the "covid" lows? when you divide things by other things, you eliminate this bias and see things more clearly. also allows you to spot outperformance better esp on small time frames.
the reason i show this chart is to zoom ALL THE WAY OUT. these are some long time horizon bars. i use fib to show some possible support zones.
- we have cv dip gaps that might get filled
- we have fib levels to think about
all in - 20-25% lower on an S&P that could do -10-15% is probably the max drawdown you're looking at here. not ideal. this is why i'd not recommend actually backing up the dip here. we need to be smart about trading $nke. however, this is by no means a dead company/ brand (actually quite the opposite). it's just the environment. hard to buck the trends when u r industry leader. easy when u have niche brand.
so what i'm suggesting is anything in the $60/shr is probably great value, if we get there. and i'd be backing up the semi if we go to low $60s, which i think is a 30% probability. but just set those alarms in trading view and go about your daily life until they get triggered if u don't need to own this.
practice doing $yourticker/ AMEX:SPY and $yourticker/ NASDAQ:QQQ and $yourticker/ BINANCE:BTCUSDT on every asset. it will help you understand how the market is thinking about everything as far as opportunity cost goes.
V
75: Analyzing Nike's Strategic Entry Points Amid Sales DeclineNike's latest earnings report revealed a significant drop in sales over the past three months, particularly in China and in the lifestyle and classic sneaker segments. Despite some gains in basketball apparel and running shoes, the overall sales figures fell short of expectations, leading to a substantial drop in Nike's stock price.
Our analysis indicates a critical point of interest at the pandemic low of $67.58. This level represents a potential buying opportunity for long positions, given our belief in Nike's capacity for future innovation and market recovery.
Nike has faced criticism for a lack of innovation, which has allowed competitors to gain ground. However, with the upcoming Olympic Games and potential new product releases, we see potential for a rebound.
Key factors to watch:
Sales performance in China and North America.
Upcoming product launches and innovation initiatives.
Impact of the Olympic Games on brand visibility and sales.
At $67.58, we will closely monitor for potential entry points for long positions, trusting in Nike's ability to innovate and regain market strength.
NIKE LongType 2 Bullish bat with three rising valleys.
If the three rising valleys does fail, we could head back to the support zone and have another chance for a bullish edge to form. If you wanted to accumulate shares of this for the mid-long term I'd say anything above the support makes sense, whether the trade set up fails or not.
NFA
6/24/24 - $nke - Setup long into print but I'm on bench6/24/24 :: VROCKSTAR :: NYSE:NKE
Setup long into print but I'm on bench
Quick comment on this softline bellwether.
- Look at "NKE/SPY" on trading view e.g. look at Nike as compared to the S&P "comp". Puts you back at 2013 levels. In other words it's been a pretty bad "money"
- recent result was weak/ consumer still yet to be cracking, and they'll really have to blow out of the water AND talk about how they're taking share
- on this taking share point - have you noticed all these co's beating NYSE:ONON , NYSE:DECK , NASDAQ:CROX etc. that aren't obviously true comps, but nonetheless - taking the core business and growing in other areas Nike can't directly address. I'm not an expert here, but from my arm chair this matters
- valuation is 27x PE... not "cheap". 3.5% yield and growing MSD at best is better cash - but again so are most A-tier brands.
So in sum i'd expect a beat but it's hard to see institutions backing up the truck and adding. Look what happened to NASDAQ:LULU , gave a lot of it back, didn't stick. Smaller co. Probably a better MT-LT grower (vs. NYSE:NKE ). Cheaper PE too.
It's tough for me to like this one into the results even if the chart looks like a good setup as this a. tape is rich/ toppy (for now - more on this later) and b. the stock has not been a good store of value so there needs to be an inflection in sentiment and facing this current consumer + being industry leader (so harder to "buck" the trend)... no me gusta mucho.
I'm on the bench, warming up for a better pitch.
Gl to longs. lmk if i've overlooked anything
V
