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NKE trade ideas

NIKE BULL AFTER EARNINGS 120Nike’s stock looks bullish over the longer-term after breaking up from a falling channel pattern on the daily chart1. If Nike receives a bullish reaction to its earnings print and remains above the 50-day SMA, the eight-day EMA will cross above the 21-day EMA, which would be bullish1. Wells Fargo analyst Ike Boruchow added Nike to his top picks list, stating, "We simply believe the recovery characteristics and self-help story now beginning at make for a more compelling long idea into 2024
NYSE:NKE
by NYRUNSGLOBAL
S&P 500 Falls + Nike Price Target DropsThis is probably not a good time to buy a stock because SP:SPX is falling down in performance. -- Sadly am seeing many people in the trading community entering trades late into the market open on intraday trading strategies on which I have no experience in. -- This type of mindset leads you to buy from the top in a bag holding stance or best case scenario a sideways market which is the worst feeling ever. -- I don't like buying flat markets without a catalyst because the catalyst causes the price to move. -- Nike Price Target Drops To $125 According to the breaking news tab right here on Trading View you will see that analyst from Citi Group is suggesting a drop in price target from $135 to $125 -- This is a heavy bearish sentiment which is very much in alignment with the current state of the market. -- S&P 500 Is In A Downtrend -- This is all over the headlines and sadly it's true the market is tanking and bitcoin BINANCE:BTCUSDT followed suit even though its recovering slowly the point is it crashed as well. -- Citi Group Cuts Nike Price Target -- This is one of the features of the stock market where the people on the trading floor at Wall Street are looking at the crowd sentiment to try to predict the price action -- The problem is its difficult to determine price action because we are trading volatile prices every day -- Your only safety is risk management -- The rocket booster strategy according to this chart is showing you that this price is in a downtrend -- The Rocket Booster Strategy: --- 1-Price has to be below the 50 MA 2-Price has to be below the 200 MA 3-The 50 MA Should Cross Below The 200 MA -- If you want to trade the right stocks then you should learn a trading strategy the one above is the rocket booster strategy -- Rocket boost this content to learn more -- Disclaimer: Take this as a warning you will lose money from trading do not buy or sell anything I recommend to you. Learn risk management and please trade with caution.THis is not financial advise there are just ideas and opinions.
NYSE:NKEShort
by lubosi
NKE - Doing It ✔️Hello TradingView Family / Fellow Traders, NKE has been hovering inside a range in the shape of a symmetrical triangle. Moreover, it is currently sitting around a strong support and round number $100. 🏹 Hence, as long as the $95 support holds, we will be looking for buy setups on lower timeframes. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
NYSE:NKELong
by TheSignalyst
2
NKE ShortShort shares of NKE - earnings soon. I don't expect them to be positive, personally. COVER BEFORE EARNININGS unless you are looking for a gamble. Depending on risk : Set a stop-loss around 101.72 to 107.05 Take profits around 88.05 - 80.63 -- Be wary of the trendline; it could bounce off, so if you're looking to manage the trade, that is what you'd want to keep an eye on. I don't expect profit zones to be reached, but nonetheless am keeping a stop in those zones. My trade will likely be based off of any quick move down that begins to lose sustainability; that will be my exit, especially going into earnings. You can play this via puts as well. The reason I am not doing so is simply due to the high implied volatility going into earnings; however, there are some decent opportunities I could see there, worth checking out if you are familiar with options. Otherwise, best of luck in the markets, everyone!
NYSE:NKEShort
by bcstonecipher
2
Nike is Laying Off About 1,700 WorkersIn a bid to weather the turbulent economic storms ahead, sportswear giant Nike Inc. ($NIKE) has announced significant cost-cutting measures, including the layoff of approximately 1,700 employees, representing about 2% of its workforce. This move comes as part of a broader initiative aimed at slashing costs by as much as $2 billion, reflecting the company's proactive stance in the face of shifting consumer behaviors and intensifying competition. The decision, outlined in a recent statement by a Nike ($NIKE) spokesperson, underscores the company's commitment to optimizing its operations and capitalizing on its most promising growth opportunities. With consumer preferences evolving towards more essential purchases and experiential spending, Nike finds itself confronting a landscape where traditional discretionary purchases, such as high-end sneakers and athletic wear, are facing increasing scrutiny. Compounding these challenges are the emergence of disruptive upstart brands like Hoka and On Cloud, which have been steadily encroaching on Nike's market share. This heightened competition underscores the imperative for Nike to not only streamline its operations but also to innovate and differentiate itself in a crowded marketplace. However, the headwinds facing Nike ($NIKE) extend beyond shifting consumer trends and increased competition. Global economic uncertainties, particularly in key markets like China and Europe, have further complicated the company's outlook. Concerns over subdued consumer spending, exacerbated by macroeconomic factors and geopolitical tensions, have cast a shadow over Nike's growth prospects in these regions. In China, the world's second-largest economy, a confluence of challenges ranging from a real estate downturn to weaker exports has dampened consumer sentiment, posing significant hurdles for Nike's ($NIKE) expansion efforts. Similarly, Europe's economic woes, punctuated by stagnant growth and the specter of recession, have added to the company's woes, with Germany, the region's economic powerhouse, experiencing its first contraction since the onset of the Covid-19 pandemic. Against this backdrop, Nike ($NIKE) finds itself at a critical juncture, where adaptability and resilience are paramount. By undertaking proactive cost-cutting measures and recalibrating its strategic priorities, the company aims to navigate these turbulent waters and emerge stronger in the long run. However, success will hinge not only on internal restructuring but also on Nike's ability to innovate, engage consumers, and effectively respond to evolving market dynamics. In conclusion, Nike's ($NIKE) decision to implement workforce reductions and embark on a cost-saving initiative reflects its proactive stance in the face of economic headwinds and industry challenges. As the company charts its course forward, it must remain vigilant, agile, and customer-centric to maintain its competitive edge and sustain growth in an increasingly complex global landscape.
NYSE:NKE
by DEXWireNews
#NIKE Technical Analysis and Trade IdeaMarket Observations: NKE has decisively broken its previous downtrend, establishing a higher high. This bullish breach was further fueled by a liquidity run targeting sell stops below the recent triple-bottom (equal lows). The strong momentum accompanying this breakout signals a potential buying opportunity. Trade Strategy: Target a buy entry upon a retracement to the 61.8% Fibonacci level. Be sure to place a stop-loss order below the recent swing low to effectively manage risk. Maintain a favorable risk-reward ratio. Video Focus: This video explores the technical analysis principles that support this bullish perspective: - Trend Analysis: Identify breakouts and trend reversals with clarity. - Liquidity Runs: Understand how stops are targeted and the impact on price. - Fibonacci Retracements: Recognize key retracement levels for optimal entries. Disclaimer: This analysis is provided for educational purposes and should not be interpreted as financial advice. Thoroughly conduct your own research and assess your risk tolerance before making investment decisions.
NYSE:NKELong
by tradingwithanthony
NKE - Just Do It ✔️Hello TradingView Family / Fellow Traders, On Weekly: Left Chart NKE has been hovering inside a range in the shape of a symmetrical triangle. Moreover, it is currently sitting around a strong round number 100.0 🏹 Hence , as long as the 100.0 support holds, we will be looking for buy setups on lower timeframes. On Daily: Right Chart 📈 For the bulls to take over, we need a momentum candle close above the last major high in green at 107.0 📉 Meanwhile , NKE would be bearish, and if the 100.0 support is broken downward, we can expect a bearish continuation towards the lower weekly trendline where we will be looking for new buy setups. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
NYSE:NKELong
by TheSignalyst
1
Nike's Bold Move: Expanding Into Virtual Fashion in Video Games Sports apparel giant Nike ( NYSE:NKE ) is set to deepen its foray into the video game space through its blockchain and digital wearables division, .Swoosh. The company's recent announcement promises a new line of virtual products known as "Nike In-Game Wearables," which users can directly purchase and wear within their favorite video games. Despite the excitement surrounding this innovative step, the extent to which these in-game wearables will involve non-fungible tokens (NFTs) remains shrouded in ambiguity. The Vision Behind Nike's .Swoosh: Nike's .Swoosh division, rooted in blockchain technology, aims to redefine the virtual product landscape by emphasizing the intrinsic value of enjoyment and self-expression. The company believes that a virtual product's worth should be derived from the pleasure it brings users when expressing themselves or unlocking access to physical items, fostering a sense of genuine fanhood rather than mere transactions. The Unveiling of Nike In-Game Wearables: According to a blog post by .Swoosh, the upcoming year will witness a profound expansion into video gaming with the launch of Nike In-Game Wearables. Unlike digital collectibles or NFTs, these wearables can be directly purchased and worn within users' preferred video games, eliminating the need for crypto wallets. The move signifies Nike's commitment to integrating virtual fashion seamlessly into the gaming experience, blurring the lines between the physical and digital realms. NFT vs. In-Game Wearables: Deciphering Nike's Strategy: Despite .Swoosh's previous ventures into the NFT space with digital sneaker releases on Polygon, and hints at potential collaborations with EA Sports and Fortnite, Nike ( NYSE:NKE ) is cautious in distinguishing between its "digital collectibles" or NFTs and the new "in-game wearables." The blog post suggests that the two are inherently different, raising questions about whether the upcoming wearables will be crypto-related or more akin to traditional collaborations like the one with Fortnite. Nike's Stance on NFTs and Marketplace Dynamics: Notably, Nike remains circumspect about the involvement of NFTs in every .Swoosh release, emphasizing that not every product launch will result in an NFT drop. The company also clarified that owners of Nike digital collectibles (NFTs) will have the option to move their items to personal crypto wallets later this year, facilitating trading on marketplaces that guarantee royalties to creators. The Absence of a Nike NFT Marketplace: Contrary to industry trends, Nike asserts that building its own NFT marketplace could distract from product creation and storytelling. The company hints at a strategic decision to abstain from starting an NFT marketplace, leaving collectors to utilize existing platforms that support the exchange of Nike NFTs. Conclusion: As Nike ( NYSE:NKE ) steps boldly into the virtual fashion realm within video games, the blurred distinction between NFTs and in-game wearables adds an element of intrigue to the company's digital strategy. While enthusiasts await further clarification from Nike regarding the role of NFTs in these upcoming releases, one thing is certain – the sports apparel giant is poised to make a lasting impact on the intersection of fashion, gaming, and blockchain technology.
NYSE:NKE
by DEXWireNews
NIKE Stock Chart Fibonacci Analysis 011124Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 105/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NYSE:NKE
by fibonacci6180