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NIKE INC

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NKE trade ideas

Let's see if we have the breakout on NKE As breakout traders , we look for clear sideways movements that we can define as Zig-Zag / Triangle / Irregular / Flat patterns. Once we spot one, we see the context, and then we project the possible target using Fibo extensions (the fibo extension is drawn using the previous impulse to the sideways movement) In this case, we have a clear Flag Pattern (or zig-zag pattern). It has been moving on a range for the last 112 days between 146.00 and 130.00 One of the fundamentals ideas technical analysis relies on is that Institutional traders (the guys that really move the market) need to accumulate and distribute to buy or sell. That means that they have such purchase power that they can not execute a market order without moving the price. So, if they are buying, they will need to average that, which as a consequence this type of sideways movements are created because accumulation or distribution process is going on. With all that said, we have this massive flag pattern that can be an accumulation or distribution process (we do not know that...); however, we have an activation level above the structure. That would give us more chances that we are on an accumulation process. If the price reaches our green line, we will consider the setup active, our stop loss will be below the whole structure, the first target will work as a Break-even signal, and 2nd fibo extension will work as the final target. Thanks for reading!
NYSE:NKE
by ThinkingAntsOk
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? Like Follow Agree Disagree! Not Financial Advice. Not a Licensed Broker.
NYSE:NKELong
by Redimere_91
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.
NYSE:NKE
by ValueInvest_Pro
6
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
NYSE:NKE
by Jhol01
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
NYSE:NKELong
by investor_kings
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. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:NKELong
by TradeStation
6