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NIKE INC

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NKE trade ideas

NKE | GuidanceJournal Entry Bias: Negative. Sentiment: Pessimistic. Emoji (emotion): Bored 😑. Null Hypothesis: Sell. Alternative Hypothesis: Buy. Signals: ... Position: Short term day trade. Notes: ... Barron's Company Overview: www.barrons.com . Other: ... Tutorial: (Q/A) What exactly is the box labeled tolerance? The box labeled tolerance is a defined range of value & time that qualifies the right to exit the trade after a profit is made; as long as the security is inside the box and above the trade's entry one could say the profit is within tolerance, likewise if the security is outside the box either because of value or time one could say the profit is not within tolerance. It's a way to add parameters to the future outcome (as a means to grade the journal entry) while simultaneously providing leniency in the ability to achieve success with said journal entry. Social: I'm happy to hear from my readers/audience and I encourage constructive feedback; although I'm busy I will give my best effort to reply. About the Author: I'm not a Wall Street retailer or promoter I don't have products/services for sale and my intentions aren't geared towards pumping securities, although I am a financial scientist and one of my sources of income is trading; that is to say anything offered to the community is apart of my scientific journal or goodwill to mankind (you're very welcome). I also strive to become one of Tradingview's pinescript Wizards and Top Authors, as well as build a reputable reputation & following. About the Security: "NIKE, Inc. engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America, Europe, Middle East & Africa, Greater China, Asia Pacific & Latin America, Global Brand Divisions, Converse, and Corporate. The North America, Europe, Middle East & Africa, Greater China, and Asia Pacific & Latin America segments refer to the design, development, marketing, and selling of athletic footwear, apparel, and equipment. The Global Brand Divisions represent its NIKE Brand licensing businesses. The Converse segment designs, markets, licenses, and sells casual sneakers, apparel, and accessories. The Corporate segment consists of unallocated general and administrative expenses. The company was founded by William Jay Bowerman and Philip H. Knight on January 25, 1964, and is headquartered in Beaverton, OR." Disclaimer: My journal entry is not a complete prospectus, please consider it accordingly.
NYSE:NKEShort
by UnknownUnicorn28743597
Looking down the road for a NKE reversalI hate talking about water under the bridge, but this time I will bring up the case of NKE. What I am disgruntled about is that I I didn't head my own (documented) thoughts on NKE that I had posted on Jan 19: Depending on how you look at it, there has been 4 times that puts below 144 would have worked out wonderfully. The time, I thought I push to 135 would hold as support but that has proved wrong. I hate to chase so I am looking forward to a reversal. I do want to point out a possible future long.... **__Price History: __** **YTD** -24% **1 Month** -14% **3 Month** -26% **6 Month** -23.5% **1 Year** -7% **5 Year** +121% +01% off 52 week low -30% off 52 week high Recently a gap was filled - previously created in June 21' and fully filled Feb 21' Dividends are here! Historically over the past year NKE has seen a sell off proceeding ex-dividend periods. I won't speak too much on this outside this isolated observation - MM hedging around this period can make the options chain hard to read. Ex-Div. Date Amount Type Yield Change Rec. Date Pay. Date 3/4/2022 $0.305 Quarter 0.9% N/A 3/7/2022 4/1/2022 **__Indicators__** - 3 Day Chart **Moving Averages** Easily summed up as trading below all MA's, the 12/26 EMA, 50/200 SMA, and 9 HMA The most import to note is the break of the current 3 Day candle below the 200 SMA. A failure to recapture the 200 SMA by the close of this candle could set up NKE for further selling pressure before earnings. **RSI** Showing signs of being oversold on its current candle and has been hovering right above oversold for over 30 days now - no divergence present currently **SO** Shows oversold conditions since early Jan 21' and the break below its 50 SMA. The SO remained relatively the same since. **QQE** Shows momentum to the downside. When compared to the ATR and RSI, the QQE makes sense in this case. There are very little signs of a momentum shift that is imminent. **ATR** Specifically the decomposed ATR we see that the stock (recently) has had increasingly bearish range with decreasing bullish range - there is no divergence apparent (yet). 1 year ago NKE was trading at SIMILIAR price levels with about less $2 of bearish price movement as compared to today. The important thing to note here is that there seems to be compounded bearish pressure present causing additional volatility on red days. **OBV** Tracking price closely with no signs of major divergence, although the OBV is declining telling us that volume on down days is getting stronger - thus influencing the ATR (IMO) **__Thoughts on Price Momentum and Direction__** **Candles** The 1 month chart shows a current candle that has opened below and trading below the open of the June 2021 monthly candle - I would look for 122.44 to act as support if bearish momentum continues. This is a level that a reversal could be looked for. Any CLOSE of the March monthly candle below 122 would make me feel like the selling pressure would continue. The 50 MA on the monthly chart could also be used as a level of (possible) support. $122(+- The 3 day chart shows a current candle with 1 more trading day left - Bulls would want this to close above 128 ( Local Support from 1 year ago) and bears would obviously want to close the candle below - again, closing below $122 would indicate continued selling pressure. Since the gap is filled, the biggest highlight here is holding support (122) or not. **Earnings** Historically, NKE has had a beat on earnings for the past 6 reporting periods. EPS reporting turned $0.90, $0.93, $1.16, $0.83 were reported period ending Feb 21, May 21', Aug 21', and Nov 21' respectively. Although the Nov 21' earnings beat, it was down from Aug 21. Estimates now show $0.72, a slightly higher bar than Novembers' expectations but down from what was reported. This to me just says that analysts are expecting the effects of COVID, the labor market, and overall transportation costs to weigh heavily on NKE's earnings. It is also important to note that no dilution has occurred in the last year. **Insiders** According to **__Fintel: __** Shares Outstanding 1,581,295,273 shares Insider Shares 251,328,587 shares Insider Ownership 15.89% Total Insiders 48 "**Insider Accumulation Score** According to Fintel: "The Insider Accumulation Score is the result of a sophisticated, multi-factor quantitative model that identifies companies with the highest levels of insider accumulation. The scoring model uses a combination of the the net number of insiders buying the prior 90 days, the total shares bought as a percentage of float, and the total shares owned by insiders. The number ranges from 0 to 100, with higher numbers indicating a higher level of accumulation to its peers, and 50 being the average." Score: 8.88 (12942 of 13931) - as reference the top rated ticker REFI has a score of 99%+ Although higher insider ownership typically signals more confidence in a company's outlook and ownership in its shares. The more insiders that hold shares the more they would be (in theory) incentivized to do good for the company and help increase its profitability and shareholder value. **Net Number of Insiders Buying (Rank)** -3 (3.38%) 13784 out of 14266 Net Number of Insiders Buying is the total number of insiders buying minus the total number of insiders selling in the last 90 days. The percentile rank is shown here (range from 0 to 100%). **Options** TOTAL OI -527K Call 272K Put 255K P/C RATIO - 0.94 Most significant chain activity on 3/7/22 : The 3/25/2022 strike P $135.00 had a previous day volume of 930, OI of 1,583 and a current OI of 2,243 for a overall charge of +660 (+41.69%) The 3/18/2022 strike P $125.00 had a previous day volume of 1,376, OI of 3,655, and a current OI of 4,309 for an overall change of +654 (+17.89%) Top 10 chains by OI **Chain Bid-Ask Low-High Vol OI** 3/18/2022 C $160.00 $0.00-$0.03 $0.02-$0.06 24 23,946 3/18/2022 P $160.00 $35.25-$35.90 $34.90-$35.70 25 18,805 1/20/2023 C $180.00 $2.35-$2.73 $2.40-$3.25 108 11,596 3/18/2022 C $150.00 $0.03-$0.04 $0.03-$0.15 1,220 11,313 1/20/2023 C $165.00 $4.10-$4.40 $4.10-$5.00 17 11,107 3/18/2022 C $140.00 $0.14-$0.21 $0.19-$0.72 267 10,462 6/17/2022 C $125.00 $10.00-$10.40 $9.85-$10.40 217 10,433 3/18/2022 P $140.00 $15.40-$15.90 $9.60-$16.02 123 10,040 3/18/2022 C $155.00 $0.01-$0.02 $0.02-$0.08 58 8,876 3/18/2022 P $150.00 $25.00-$25.95 $21.07-$25.30 22 7,218 What is important to note here is the $160 Puts and Calls holding the highest OI - premium heavily favoring the Put side. **__Further Observations__** I see NKE continuing its downward trend to test 122. This is a critical level that could start to form support in order for a reversal. An official reversal to me would come with a 3Day candle closing opening above 122 and a close above 135-137. On the monthly, to be more conservative, confirmation would come with a candle close above $150. The QQE on the monthly chart has just flipped (negative) showing (again) bearish momentum - this I do not like if I were to look for a long position too close to the (assumed) $122 support level. I do think, with the right patience, a comfortable long could be taken at confirmation of reversal (early at 135, late at 150) to test ATH's again (179.10). This could equate to a 20-30% gain in full - this is what I will be targeting. **__NFA Disclaimer__** This is NOT FINANCIAL ADVISE. These are my own unique opinions based on MY observations and MY experience. I only wish to document and share my thoughts on NKE. DO NOT take this is as a buy or sell signal, you must manage and take responsibility for 100% of your own trades.
NYSE:NKELong
by OccamsPhazer
1
NIKE Presents Lucrative Short OpportunityPrice formed a double top pattern on daily charts after it faced significant resistance in the $170-$180 range; it twice bounced off this level marking the beginning of a downtrend. It was then stuck in a descending triangle - a consolidation within the downtrend - for several weeks. Yesterday, price finally broke down below support of the triangle and will likely continue lower. RSI is quite low and MACD also indicates an impending depreciation in price, consolidating our trade premise. Heightening tensions between Russia and Ukraine have fueled negative market sentiment - this could be another potential reason for a drop in price. Place your stops at around $141 and trail your profits as you see fit. There is no set price target as we could see quite a bit of downside here.
NYSE:NKEShort
by UnknownUnicorn30271326
NKEOn the technical side, there are hopes for growth. These are divergences (although there is a hint of small hidden bears) and some sloping, conditional double bottom. If we fix above 148, then the growth will suggest further growth (as a confirmation). However, globally xly and in general the index looks more down, it is more likely to go like a giant, along with the market. So shorting is no. Waiting and thinking about buying with a range of 133-127 is interesting. There is another remarkable thing, the report is coming soon and for several reports in a row it is clear that the stock is going down despite good reporting. This can be explained by the fact that the market wants to dump the overbought company, but the growth continues, probably due to the fact that the company's reports each time are better than expected. p/e=37, p/s=5 (the norm is about 3 for a company). Summing up once again, it is not necessary to recklessly buy back in the indicated zone (with the exception of short-term speculative transactions), for medium-term speculation, it will be necessary to wait. A price of $100 is also likely. (my vision. in general, I expect a decline in the market. the current growth of the last couple of days is nothing more than a rebound.)
NYSE:NKE
by S0rt0
Elliott Wave View: Nike (NKE) At Potential Support AreaSince bottoming on March 18, 2020 low, Nike (NKE) rallied as a 5 waves into $179.10 which ended wave I on November 5, 2021 peak. Since then, the stock has corrected the cycle from March 2020 low within wave II. According to the 1 hour chart below, wave II pullback is complete at $137.41. The internal subdivision of wave II unfolded as a zigzag structure. Down from wave I, wave ((A)) ended at $155.47, rally in wave ((B)) ended at $171.19, and wave ((C)) ended at $137.41. The stock has started to turn higher in wave III although it still needs to break above wave I at $179.10 to rule out a double correction. Up from wave II, wave 1 ended at $143.21 and pullback in wave 2 ended at $140.74. The stock resumes higher in wave 3 towards $146.32, pullback in wave 4 ended at $144.57. Expect the stock to rally 1 more leg higher to end wave 5 of (1). Afterwards, it should pullback in wave (2) to correct cycle from February 14 low before the rally resumes. Near term, as far as pivot at 137.41 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
NYSE:NKE
by Elliottwave-Forecast
1
Nike Double bottom w 618 pullback $NKE Wide stop but i like $NKE here, downtrend break w 618 pullback, after double bottom i highlighted. Noted measured move targets are listed w bills in order. Note abcd and 1.272 ext are very important to find measured moves and harmonic patterns. I will always watch futures and i only like this early, stop against low. I got alot questions regarding $PTON and $OIL set ups, I will be doign a video on exactly how i found both and caught pullbacks on both as well. (Plays in comment) Let me know if anyone wants clarification on how i find a certain set up Targets 1.Top of first ab wave, take 1/2 2 .ABCD level (equal length drives, take 1/2 of balance 3. 1.272 extension (my favorite ext%) 1/2 of balance 4. 1.414 extension ''
NYSE:NKELong
by Hiddenharmonicstrading
2
Nike Playing the Short Game? Nike - Short Term - We look to Sell a break of 143.08 (stop at 148.92) Posted a bearish Flag formation. A break of 143.00 is needed to confirm the outlook. Closed below the 20-day EMA. The bias is still for lower levels and we look for any gains to be limited. The primary trend remains bearish. Daily signals are bearish. The sequence for trading is lower lows and highs. Our profit targets will be 126.53 and 119.05 Resistance: 150.00 / 155.00 / 160.00 Support: 140.00 / 130.00 / 120.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:NKEShort
by Saxo
NKE 1/12/2022Daily Chart analysis NKE has been in an uptrend since back in ’89 when your dad was rocking the fresh Jordan 4s. Will look for possible long term buy entry. Price was previously in a descending triangle and after making a series of lower highs into 167 support area, it broke down mid Dec. ’21. From there, price proceeded to pullback to previous support where it bounced off turning it into a resistance level. Price followed by falling into support area between 144-150 which once acting as a resistance level. Currently, we have had back to back days that ended as doji candlesticks at support area with stochastic reading of oversold. This is my que to enter trade long. Since we still have not broken any of the lower highs, I will be taking a swing trade to the down trendline above created by the lower highs. Entry: 151 Stop loss: 143.50 Target: 163
NYSE:NKELong
by rudcharts
NKE in a downtrend and possibly going to the gap fillLooking at NKE and seeing all kinds of bearish signs for the short term. It is currently under its 200MA and 50 MA, also below the 12 and 26 EMA (DAILY CHART) Bearish case (short term) This one is simple: A break below $144 could give sellers the chance to fill the gap created back on June 24th 2021 Below $144 I can see $138 being a real possibility if not the full gap to $134.82. Puts below $144 could work and be considered. Volume is light. Less shares traded on 1/18 than compared to average volume of 5,815,975 shares NKE has the demand on its product, but supply chain issues make it where they cant meet that demand. Earnings in March will paint a bigger picture as far as revenue and EPS Bullish outlook (long term) That said, I am short term bearish but long term bullish: "Guggenheim's Robert Drbul dubbed the athletic-apparel retailer his "best idea" for 2022 in a December 31 note, saying Nike "is rapidly embarking on the next era of its company history," which he expects to be "digitally led." "Drbul maintained a buy rating and a price target of $195 on Nike stock, which was down 1.8% Monday after gaining 18% in 2021." "Insider reported previously that Nike has been pushing into the future internet, called both Web 3.0 and the metaverse. Its push has included video games, the creation of a metaverse studio, and even a promised line of digital sneakers called CryptoKicks." I really like their effort to step into a newer market and expand. Nike is a staple brand that is not going anywhere. At 145 this stock is underweight.
NYSE:NKEShort
by OccamsPhazer
NKE 1/3/20224HR chart analysis Price has been in a descending triangle with multiple tops. On 12/14/21, price breaks down creating shorting play. Price suddenly reverses and makes a sharp move back into the descending triangle. Here we have our 1st Price rejection of lower prices making the initial breakdown from descending triangle a “false” breakdown. From here, price makes another attempt at the Resisting trendline but fails and makes another “lower high”. Price then follows to breakdown once again and falls below support. Currently, price is sitting close to the 200ema looking to reject lower prices and bounce back up into support for the second time. Analyzing this chart, we can see there is a lot of seller action within this descending triangle. We have 5 tops forming a series of lower highs and we also have 2 breakdowns of the descending triangle. These are all areas where sellers took a position to short. The buyers however have flashed their strength. When price broke down the 1st time, they were able to buy up the lower prices and bring it back into Support of the descending triangle. This made the initial breakdown a “false” breakdown as price went back into consolidation within descending pattern. There should be no open trades going long right now. Price has broken down from descending triangle support creating another shorting opportunity. However, if price rejects lower prices for second time and bounces back into support, then this is a MUST buy. Buyers would show further strength creating higher lows with the 2nd price rejections. If the buyers can use this strength to break up and out of descending triangle, it will create massive buyer pressure due to all the previous seller activity within this descending triangle. A lot of seller stop-losses and exits will catapult the price. If price bounces back into area of value @ Support, the long trade “risk to reward” wise makes this a no brainer trade. Entry: Buy order @ $167. Area of Value Stoploss: $162.50(-2.69%) Target exit: TBD
NYSE:NKE
by rudcharts
A Trend-Reversal for Nike expected!A lot of analysts are pretty sure that NKE is a solid long-term investment. But in the past week and a half, there was a huge price-drop. and the latest daily candles don't look too promising ... three Dojis and a red candle - pretty indecisive. But there is a bullish Signal - a bullish Divergence of price vs CCI. Looking at the past two bullish CCI Divergences, both were followed by huge gains. And now RSI is oversold, so maybe a good time to go long with NKE.
NYSE:NKELong
by TradingClue