$NKE Trade IdeaNYSE:NKE Trade Idea
Puts under $82.5
Target: $80.83, $79.97, $78.10, $76.82
Calls over $83.60
Target: $84.76, $85.40, $86, $87.83
1NKE trade ideas
FIBZONE RETRACE after the earnings report may sink lowerAfter canceling the event till the end of the year, the catalyst was not looking good. It is going to be bearish for a while, with two potential spots for the long term: the bottom box in the 70 and then the fibs in 80.
$NKE NIKE | NIKE CEO RETIRES & PRICE RALLIES 9% - Sep 21st, 2024NYSE:NKE NIKE | NIKE CEO RETIRES & PRICE RALLIES 9% - Sep 21st, 2024
BUY/LONG ZONE (GREEN): $
DO NOT TRADE/DNT ZONE (WHITE): $
SELL/SHORT ZONE (RED): $
Weekly: Bearish
Daily: Bullish
4H: Bullish
NYSE:NKE price is now approaching the 88.00 - 89.00 level that was a previous support level (week of Apr01'24). Bearish momentum from Jun27'24 earnings broke this level. We are now revisiting it from a bullish rally that was spawned by the CEO retiring and a new one being appointed. The support, the break, and the retest are three visits to this level, which is why I'm now viewing it as a potential entry for trades. Keep an eye out for the Oct01 earnings call.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, rangebreakout, rangebreakdown, rangetrading, chartpatterntrading, chartpatterns, spy, nike, nikestock, nke, nkestock, NYSE:NKE , nikeceo, nikeceoretires, nikeearnings, niketrend, nikelong, nikeshort, niketrade, nkeceo, newnikeceo, oldnikeceo, nikestockprice, niketradeidea, nikeearningsrelease, nikeearningstrade,
NKE bounce on monthly EMA?They are restructuring, changed top designers and laid off 10% of their work force. This should show at the bottom line and boost share price. It's currently at the 52 week low and completely oversold on the daily chart. $72.44 is the first area to consider, the second if that does not hold is $61.71 and the last area to watch is $50.79. Hopefully it bounces sooner than later!
Nike (NKE): Analysis and Expectations Ahead of EarningsWe have analyzed this stock in the past privately, but we never published it, and it's a shame because we anticipated lower prices but have no proof of it. Still, we are looking for lower prices on NYSE:NKE , as we are about to finish Wave 4, most likely between $93 and $106.
NYSE:NKE will publish its earnings this week on Tuesday after market close. Heading into those results, the bar was low, as inflation keeps shoppers cautious.
Some analysts have said that even if those results come in better than expected, Wall Street's reservations could be hard to shake. However, others believe that with a new CEO on the way, investors might cut the company some slack.
So, the market might be ready for a push, but this sector is under much pressure as shoppers are finding it harder to spend money compared to previous years. It will be very interesting to follow NYSE:NKE and see if our outlook is correct or not. As shown in the chart, this scenario will be invalidated if the price breaks through $115.82.
We foresee a good entry opportunity between $60 and $50, where the most traded volume of the last 9 years has been.
We will update this stock when we know more. ✅
NKE NIKE Options Ahead of EarningsIf you haven`t sold NKE before the previous earnings:
Now analyzing the options chain and the chart patterns of NKE NIKE prior to the earnings report this week,
I would consider purchasing the 93usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $1.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Bullish Earning play oct 1Bullish earnings play for nike, as over 7000 $100 Oct 4 calls were bought on Sep 27 for .40 cents each
over 1500 volume in the Oct 4 $95 and 97 calls too
The implied move for ER is $6 / or 7-8%
There is a gap fill to $93 from the june earnings gap down.
For a hedge, you could buy the $80 put
Nike Rose 10%+ on CEO’s Departure Plan. What Might Happen Next?Nike NYSE:NKE has had quite the rough go of it since peaking in late 2021, but gained some 10% in recent days after embattled CEO John Donahoe "decided" to retire -- sending a sigh of relief up and down Wall Street. What do fundamental and technical analysis say could happen next for the shoe giant’s stock?
Donahoe had been under fire from investors for some time amid the stock’s problems, and Nike tapped retired NKE executive Elliot Hill to take over the outgoing chief’s jobs as president, CEO and board member. Hill previously held senior Nike management positions in North America and Europe before retiring in 2020.
NKE shares immediately popped 8% in after-hours trading when the news of Donahoe’s replacement broke after the bell last Thursday (Sept. 19). Shares have moved up and down since then, but were trading at $89.29 as of Thursday afternoon, up 10.3% from the $80.98 that Nike closed at just prior to the Donahoe news. Of course, that’s still a far cry from the $174.38 that the stock peaked at intraday in August 2021.
Nike’s Fundamental Analysis
NKE plans to release its fiscal Q1 earnings on Oct. 1 after the bell, and the Street is looking for $0.52 of GAAP earnings per share and $11.64 billion of revenue. That would compare with $0.94 of GAAP EPS on $12.9 billion of revenues in the same period last year.
Investors will take a close look at Nike’s latest performance both home and abroad, particularly in China. Of the 16 sell-side analysts that I’ve seen who cover Nike, all of them have cut their earnings estimates since the current quarter began.
JP Morgan placed Nike on its “Negative Catalyst Watch” last Friday, with its well-known analyst Matthew Boss lowering his earnings forecast for the upcoming release to $0.48 per share from a previous $0.52. Boss also cut Nike’s target price to $80 from an earlier $83. As recently as this spring, Boss had a $122 target price on the stock, which he’s rated as “Neutral” since June.
That said, Boss has only a two-star ranking on TipRanks out of a possible five stars. Telsey Advisory’s Joe Feldman -- who gets five out of five stars on TipRanks -- recently reiterated his “Buy” rating on NKE, with a $100 price target.
Despite Nike’s problems over recent years, the company’s operating and free cash flows appear to remain strong, as does its balance sheet.
So, Hill looks like he’s not exactly taking over a broken company, just a damaged business. There can be a big difference between the two.
Nike’s Technical Analysis
Now let’s look at the company’s technical picture, beginning with Nike’s one-year chart:
Readers will see that from July into August, the stock developed a smallish “triple-bottom” pattern, denoted with the zig-zagging purple line in the chart above. That could be taken as a bullish signal, or at least as a basing period of consolidation.
The stock then rose throughout August and into September with gains in the broader market until gapping higher last week on the CEO shake-up news.
We can also see that Nike has already retaken its 50-day Simple Moving Average (the blue line in the chart above) and the 23.6% Fibonacci retracement level of its December-through-July sell-off (as denoted by the second-from-lowest black line).
In fact, Nike is now nearing the more common 38.2% Fibonacci retracement level (the third-from-the-bottom black line). That would put the stock at $90.85.
If NKE gets there, it would next face an unfilled June gap at $93.15, followed by the all-important 200-Day Simple Moving Average (the red line above) at $92.93.
In other words, Nike could soon be held up by whole lot of resistance … or accomplish a great deal technically in a short timeframe by breaking through the above levels.
Readers will also see that Nike's Relative Strength Index (the gray line at the top of the chart above) is now at 72.79 -- which appears to be somewhat overbought, but not necessarily a “rally killer.”
Meanwhile, the stock’s daily Moving Average Convergence Divergence -- or “MACD,” denoted by the black and gold lines and blue bars at the chart’s bottom -- is looking considerably bullish, with all three of its components above zero.
Importantly, Nike’s 12-Day Exponential Moving Average (or “EMA,” the black line above) is running above the 26-Day EMA (the gold line), while the Nine-Day histogram’s EMA (the blue bars) remains positive. All of those conditions are historically bullish when they appear in conjunction with one another.
Now let’s zoom in and look at Nike’s chart for the past roughly six months:
You can see that a moderately shallow cup-with-handle pattern (sometimes referred to as a “saucer-with-handle” pattern) formed around July, as denoted by the light-blue shading above. This pattern -- which is historically a bullish set-up -- has an $85.50 pivot point.
When discerning technical patterns, we look for such pivot points. Historically, they’re spots where a stock’s upward move might accelerate on momentum -- or if unsuccessful, could see the stock reverse course.
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
TradingView is an independent third party not affiliated with Moomoo Financial Inc., Moomoo Technologies Inc., or its affiliates. Moomoo Financial Inc. and its affiliates do not endorse, represent or warrant the completeness and accuracy of the data and information available on the TradingView platform and are not responsible for any services provided by the third-party platform.
NKE, "RUNNING-UP" soon to new highs! Wear Your Shoes now!NKE, "RUNNING-UP" soon to new highs! Wear Your Shoes now!
Nike, Inc. is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. 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$46 billion in its fiscal year 2022.
The company boasts a consistent 20 years of straight price growth from 1999 to year 2021, until 2022 when the brand began to experience stalemate season which has stagnate price growth for more than 2 years.
Now based on recent data metrics, NKE is poised to get energized again and ready to RUN to new heights aided by rosier earnings and fundamentals. Last QTR earnings results (Feb 2024), the company exceeded expectation by registering an EPS beat by an impressive 29.73%.
Next earnings call is due on June 27, 2024, and there is an expected green output for this result as well.
As we approach the 2nd half of the year -- gearing towards the "BER" months where retail shopping is most active, NKE is bound to benefit on this season as it is projected to amass more growth in sales.
On our latest technical report, NKE is inching closer to the heatzone area, a breakout point. Once we break this area, expect price to get back to 3-digit and tap previous peak at x2, 180-200 range. It took the stock 2.5 years for this important trend shift to materialize.
Start wearing your shoes now, you will need it for the next RUN UP season.
TAYOR.
Spotted at 95.0
Dark Pool Buy Zone Stages More Gap Up PotentialNYSE:NKE gapped again with a breakaway gap jumping over resistance. These rarely fill and if the gap fills, it will be minimal. Volume was above average. This kind of gap up sequence can happen easily when a classic Shift of Sentiment pattern forms in Accumulation/Distribution indicators as a stock bottoms. But price remains well below the previous gap down. It may gap again as the stock challenges that resistance.
NKE in an Uptrend, but OBV Shows Negative DivergenceD isclaimer: This analysis is for educational purposes and does not constitute a buy or sell recommendation. The goal is to share a technical perspective based on classic technical analysis concepts for traders and investors. Always make investment decisions with caution, taking into account your own analysis and risk tolerance.
I’ve noticed that NYSE:NKE is in an early-stage uptrend, and according to John Murphy in the first chapter of his book Technical Analysis of the Financial Markets (page 4):
"It is assumed that a trend in motion is more likely to continue than to reverse."
However, I’ve also observed a negative divergence between the price action and the OBV (On-Balance Volume).
As Martin Pring describes in his classic Technical Analysis Explained, Volume II: Volume Indicators (page 555):
"OBV, therefore, offers a rough approximation for buying and selling pressure and has become a very popular indicator."
In NKE’s weekly price chart, we’ve seen a higher high compared to the previous top, but the OBV has not confirmed this movement, which could be a warning sign.
Given this divergence, t he strength and continuation of this uptrend come into question. If buying pressure is not sustaining the current price movement, it could signal trend fatigue or a possible short-term correction. Will the uptrend continue, or does this OBV divergence suggest a potential reversal or weakening of the trend? The question remains whether buying strength will be enough to sustain this rally in the coming weeks.
What do you think? Does the OBV divergence make you concerned about NKE’s uptrend? Share your thoughts in the comments, and let’s discuss the possible scenarios!
The Price of Nike (NKE) Shares Surged by More Than 6%The Price of Nike (NKE) Shares Surged by More Than 6%
Investors in Nike (NKE) can hardly call 2024 a successful year:
→ while the S&P 500 index (US SPX 500 mini on FXOpen) has risen by over 20% since the beginning of the year and is hovering near historic highs,
→ the price of NKE shares has dropped by about 20% in 2024 and is now more than twice as low as its all-time high reached in 2021.
Nike’s shares have been in a downward trend for several months, driven by increasing competition, as confirmed by the latest quarterly report, which showed that sales remained flat, and the company forecasts a potential 10% decline in quarterly sales.
As CNN reports, many investors had been calling for changes at Nike. Thus, they welcomed the news of a leadership change – it was announced last week that the current CEO, John Donahoe, will retire next month and will be replaced by former Nike executive Elliott Hill – which led to a rise in the company’s shares by over 6% in a single day.
Technical analysis of Nike (NKE) shares today suggests that the bullish momentum may fade due to a cluster of potential resistance lines, including:
→ the psychological level of $90, which previously acted as support (as indicated by the arrows);
→ the median line of the red channel, constructed using the linear regression method;
→ the upper boundary of the bearish gap formed on 28 June.
On the other hand, the bulls have their argument: the $77.00 level provided support during the test on 11 September. The significance of this level lies in the fact that it originates from the 28 June candlestick, when, according to NASDAQ data, an abnormally high volume of 130 million shares was traded. It’s possible that professional traders were the buyers, believing the share price of the well-known brand had become attractive.
According to TipRanks, Wall Street analysts believe Nike will “Just Do it” and put an end to the months-long bearish trend. Of the 33 analysts surveyed, 15 recommend buying NKE shares, and none advise selling. The average price target for NKE shares is $92 (+7% from the current price) over the next 12 months.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
The Trend Is Your Friend... NYSE:NKE
FROM MY PRESPECTIVE!!!
Recently it just bounced off of its' sloping support... Heading into earnings Running Uphill...
Where does it go from the bounce off its' support? You're right, Uphill Towards Resistance!!!
You see the numbers, make an educated decision and don't blame me... I'm just here sharing what I see... Please, tell me, what do you see???
I am comfortable with both 88C expiring 9/27 and 88C expiring 10/4, 3 days after earnings!!!
$NKE Keep an eye for nowNYSE:NKE Nike looks interesting. It is on the verge of breaking out. However, it still needs follow-through for a couple of trading sessions to confirm. One thing to note is that the RSI is close to an overbought condition, so there is a chance that it might close that gap.
The fact that they replaced the CEO close to earnings indicates that the earnings report might not meet expectations.
For that reason, I am not inclined to take a position until it moves deeper into the buy area. Just keeping an eye for now.👀
NKE shortlooking for $80 puts on NKE for the 4th of October catching the news dying of selling alnoge the way to make the trade risk free. stop loss at the 200ma on the daily
Elliott Hill Appointed as New CEO of Nike: Stock up 8% Nike Inc., (NYSE: NYSE:NKE ) the global sports apparel giant, has made a pivotal decision in naming Elliott Hill as its new President and CEO, effective October 14, 2024. The announcement comes at a time when Nike (NYSE: NYSE:NKE ) is navigating market headwinds, including stiff competition and a necessary internal restructuring. Hill, who has been a Nike insider for over three decades, is expected to leverage his deep-rooted connection with the company to reignite its growth trajectory.
A Return to Nike’s Roots: Elliott Hill’s Journey
Elliott Hill’s appointment brings Nike (NYSE: NYSE:NKE ) back to its roots. Hill first joined the company in 1988 after lobbying relentlessly for a position out of Ohio University. Over the years, he worked his way up from grassroots sales roles to overseeing global retail operations. His previous position as President of Consumer & Marketplace, where he managed Nike's commercial and marketing efforts, gave him invaluable experience in driving the brand's consumer engagement and business development.
After retiring in 2020, Hill’s return is seen as a strategic move to realign Nike’s leadership with someone who not only understands the brand but also embodies its core values of grit, determination, and hard work. According to Mark Parker, Nike’s Executive Chairman, Hill’s deep understanding of the sports industry and his "passion for sport, our brands, and products" make him the ideal person to steer Nike through its next phase of growth.
Facing Market Challenges Head-On
Hill’s appointment couldn’t come at a more crucial time. Nike (NYSE: NYSE:NKE ) has seen declining sales recently, especially in comparison to more agile competitors like On and Deckers' Hoka. To combat this, Nike initiated a comprehensive three-year plan to slash $2 billion in costs and streamline operations, a plan that will be critical in restoring profitability and market share.
Despite recent struggles, Nike has demonstrated strong financial performance, reporting a 12% increase in net income for fiscal year 2024, reaching $5.70 billion. This is up from $5.07 billion in the previous fiscal year, signaling that the company’s fundamentals remain sound. Hill’s leadership will be key in converting these strengths into sustained growth by harnessing innovation and streamlining the company’s operations.
### Technical Outlook: Can Nike Break Its Falling Trend?
From a technical standpoint, Nike’s stock has been in a downtrend for several months, with two notable unfilled gap-down patterns. However, in the wake of Hill’s appointment, Nike shares saw an 8% surge in premarket trading on Friday. This rally is integral to breaking the stock’s long-standing downward channel. If Nike (NYSE: NYSE:NKE ) can surpass the key resistance level of $123—its December 2023 high—it could signal a major bullish reversal for the stock.
The Relative Strength Index (RSI) currently sits in neutral territory, indicating that Nike (NYSE: NYSE:NKE ) has more room to rally. Additionally, the moving averages are beginning to flatten, suggesting that the stock may be poised to reverse its downward trend if bullish momentum continues. If Nike (NYSE: NYSE:NKE ) can build on this recent uptick, it may start filling the gap-down patterns that have held the stock back, potentially leading to a stronger position in the coming months.
Hill’s Vision for the Future
Elliott Hill has already expressed his excitement about taking the reins at Nike. "Nike has always been a core part of who I am, and I’m ready to help lead it to an even brighter future," he said. With his extensive experience in both the company and the sports industry, Hill’s vision is likely to focus on innovation, sustainability, and continuing to push the brand to connect with athletes and consumers alike.
In addition to driving Nike’s bottom line, Hill’s leadership style is expected to foster closer ties with employees and partners, which will be crucial as the company seeks to retain its position as the world’s premier sportswear brand. His background—rooted in values of perseverance, hard work, and a deep understanding of Nike’s culture—makes him well-positioned to lead the company through its current challenges and beyond.
Conclusion
Nike’s decision to bring Elliott Hill back as CEO marks a return to its roots and a clear focus on driving operational efficiency and growth in a competitive market. The technical indicators suggest that the stock is approaching a potential breakout, which, combined with Hill’s leadership, could pave the way for a new chapter of success. While challenges remain, Nike’s solid fundamentals, coupled with strategic leadership, position it well for long-term growth and market recovery. Investors will be watching closely as the company embarks on this new journey under Hill’s stewardship.
Just Do ITNike took a massive hit over the summer and gap down quite a bit. This leaves quite a large amount of room for correction in the future. I looks as though the stock has gain support in the long position and is hunting down the Gap Fill Target of 94$.
Tartget 91.42Following weekly chart.
I got a long signal from my signal.
TP1 84
TP2 91.4
SL - stop under 80 weekly candle close.
NIKE to "Just Do It" to 2023 Highs? Multi Timeframe AnalysisDISCLAIMER: This is not trading advice. This is for educational and entertainment purposes only to demonstrate how I view this market. Trading involves real risk. Do your own due diligence.
Based on my multi-timeframe analysis strategy, I have been looking for setups to go long Nike. Seems like daunting proposition considering Nike's overall weakness this year. That being said, my strategy has rules and my job is to respect the rules.
HTF (12 Month): 2023 candle close formed a "Swing Low", which gave me the bullish bias for Nike to trade up to 2023 highs.
ITF (2 Week): We see the intermediate timeframe is in a bullish price delivery mode (highs of down close candles are getting closed above). We mark of discount arrays (in this case the fair value gap and 2 week orderblock), and wait for price to trade into that point of interest.
ETF (12 Hour): We see price traded down into the 2 week fair value gap. As price is in the area of interest, I take any one of the following entry triggers:
12 Hour CISD (Triggered yesterday, stop below the low)
18 Period MA Entry (Not yet triggered. Stop 120% of 3 period ATR at time of entry)
10h8c MAC w/ Williams Acc/Dis (Not yet triggered. Stop either twice the width of the MAC or 120% of 3 period ATR, whichever is greater)
Divergence (Not yet triggered. Stop 120% of 3 period ATR at time of entry).
If you have questions about my multi-timeframe analysis approach, feel free to shoot me a message.
Good Luck & Good Trading.
TIME TO BUY NIKE ?We observed a significant decrease in Nike's price-to-earnings (P/E) ratio from 78.6 to 21, representing a multiyear low between 2020 and the present.
Nike's stock has declined by 60% from its historical peak, prompting observations regarding market irrationality in driving the company's P/E ratio to its lowest level since 2017. Consequently, purchasing Nike stock has become a compelling proposition for investors, corroborated by the recommendations of Wall Street analysts. Guggenheim analysts have identified the stock's potential value at $115 per share, indicating a potential 36.9% upside from current levels.
HSBC has initiated coverage of On Holding, maintaining a "hold" rating, while Citi continues to uphold a buy rating on Nike stock despite concerns about sales in China.
Institutional investors responded to the decline by purchasing Nike shares, catalyzed by the announcement of hedge fund Pershing Square, under the leadership of Bill Ackman, acquiring a new stake in the company. This move was further supported by Pershing Square Capital Management, led by billionaire investor William Ackman, acquiring approximately 3 million Nike shares. Bernstein SocGen Group maintained an "Outperform" rating on Nike, citing improvements in the brand's performance metrics.
Anticipated growth in sales driven by the Olympics and basketball is expected to provide an additional boost to Nike.
We await the forthcoming fiscal Q3 '24 earnings report from Nike, scheduled for September 24, 2024, as an indicator of potential recovery.
In conclusion, it is advisable to closely monitor the upcoming quarterly results.
NKE LongNYSE:NKE is retesting the earnings candle high and the bottom of the bull gap here.
Volume patterns look good on the way down.
Would want to see strength above 80.00 for an entry.
Or a higher low above 80.00 backed up with bullish volume.
NKE Share Buy PointIf you're interested in accumulating longterm shares in a company that you support consistently, place Nike on your watch. Even if its just for LEAPS.
Technicals:
It has retraced over 50% of its overall price, returning back to 2020 lows. It is currently displaying a buy combo on the monthly, 3 month, and 6 month charts, in confluence with a very strong demand area, longterm trendline, and 200ma. Note that Price has previously bounced a total of 3 times at this area, this is the 4th touch. RSI and STOCH are both oversold and there are also signs of divergence.
Fundamentals:
Price to Earnings and Price to earnings ratios have been falling consistently since 2020. Over the past year, their net margins have increased. Revenue and Earnings are expected to fall over the next year to quarter. Since 2019, Nike has steadily increased its free cash flow while steadily decreasing its total debt. Also note that Nike Dividend yield has increase YoY since 2020 indicating healthy growth if they're willing to pay more in Dividends (which is another incentive to invest for the longterm.
Lastly, Using the capital asset pricing model to calculate a fair value of the company, Nike's fair values are as follows (hinting at undervalued)
1yr projection = $208.73 with 61.3% margin of safety
3yr projection = $183.48 with 55.9% margin of safety
5yr projection = $161.29 with 49.9% margin of safety
