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NKE trade ideas

Nike, Inc. (‘NKE’)Shares of Nike, Inc. (symbol ‘NKE’) have managed to have an overall balanced performance throughout the quarter but have declined around 7% since the beginning of the month. The company’s earnings report for the fiscal quarter ending August 2023 is due for release on Thursday 28th of September , after market close. The consensus EPS is $0.73, against $0.93 of the same quarter last year. ‘ The company has a relatively positive financial image to display with the total assets outweighing the total liabilities at a ratio of 1.6 : 1 while the current ratio is at an outstanding 272% meaning that the company has the ability to repay its short term liabilities with the assets currently in possession. On the other hand the debt makes up for around 38% of the total liabilities which is generally not very good news for investors. ‘ said Antreas Themistokleous, trading specialist at Exness. From the technical analysis perspective the price is trading below all the technical indicators of moving averages and the bearish trendline making the outlook in the near short term rather bearish. The faster moving average (50 days) is trading well below the slower one ( 200 days) further validating the bearish narrative for the company share. On the contrary the Stochastic oscillator is in the extreme oversold territory while the lower band of the Bollinger bands could act as a short term support level. Both of this indications could point to a minor correction to the upside but nothing major at least for the coming sessions.
NYSE:NKE
by Exness_Official
Nike is about to test strong supportNike is about to test strong support This chart shows the weekly candle chart of Nike's stock over the past four years. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, Nike's stock has hit its lowest point in recent years, hitting the 2.618 level of the bottom up golden section in the figure. The low point in October last year hit the 0.500 level of the bottom up golden section in the figure, and the high point in January this year hit the 1.618 level of the bottom up golden section in the figure! So, in the future, the bottom of the graph should be used as the dividing line for judging the strength of Nike's stock, which is 0.618 on the golden section!
NYSE:NKE
by Think_More
NIKE - BEARISH SCENARIODuring Nike's recent annual meeting, shareholders rejected a proposal from Arjuna Capital that called for increased transparency in pay equity data for female and minority employees. This proposal did not receive the required majority vote to pass. Nike has faced growing pressure for supply chain transparency, including calls to compensate workers in Cambodia and Thailand for COVID-19-related wage losses. Nike stated it hasn't sourced products from the Cambodian factory since 2006 and found no evidence of owed wages to Thai workers. Cancel culture may play a crucial role in the future value of the shares as it already happened to a few Fortune 500 gains.
NYSE:NKEShort
by legacyFXofficial
1
Nike Monumental Macro TA FindingsHi guys! This is a look into Monumental MACRO developments occuring in Nike stock market structure, some of which are happening for the 1st time in history. For this reason and in my opinion, its a very important time to keep eyes on Price action. The aim is to briefly go over what those developments are and what it may mean for NIKE's Current market trend. Hopefully providing insights for investors. For this analysis, we are looking at Hieken Ashi candles on the 6 month timeframe. Note that: Our current candle will close in January 2024. So it has alot of room to change by the time the candle closes. Ive chosen Hieken Ashi candles to provide clarity in patterns of trend that occured in Nike's History. Our major development is that we have broken down BELOW and confirmed resistance against our MAJOR MAJOR Historical Support Trendline for all of Nike's Market History. This is the 1st time we have ever done this. It warrents caution as this signifies Major Trend Change, perhaps even macro trend reversal. While we were above the Spport line, we knew that everytime we came down we would atleast test that line. Now that we are BELOW it, we need price to find the next support. Currently ive highlighted by a Black Support Trendline, that very support area. We've maintained support since January 2020. This line coincides with another black line that marks Resistance. When combining these 2 black lines, we have ourselves a Symmetrical Triangle. That is very likely to play out sooner or later. If we are able to break above it, it may be probable for us to get back ABOVE the MAJOR SUPPORT Orange line, continuing our Uptrend. If we break below, further declines will occur. Further supporting the idea of a Major Trend Reversal. We are also currently at 4 Red candles in a row. If you notice previous history, 4 in a row has happened only 1 other time. July 83 to Jan 85. And also notice that the 3rd candle of the sequence indicated market bottom with the 4th candle printing a higher low. Can that be the case for us now? Maybe but things in the past don't have to repeat. Being inside of the symmetrical triangle, 4 red candles in a row would warrant me to NOT take any investment positions. In my opinion, if we break out on the upside of the symmetrical triangle and preferably get back above "Orange support line", would i consider taking positions. I think as of now however, we are at best more likely to either move in a range/ sideways or see further declines as the worst case. Why i think this, is because of the STOCH RSI. Notice how we are below the 20 level with a bearish cross/signal. The last time we did this, we were in here for multiple years which led to moving in a range for many years before continuing to make all time highs. Within range our, price dropped from the top about 67% to bottom of the range. If we continue the previous pattern, the same is likely. Hypothetically, we can also drop 60% to $70.00 level, which is a support area. For that to not happen we would need a BULLISH cross ABOVE the 20 level. Also notice the RSI, we are currently at the lowest level in all of NIKE history. We are also in an RSI range that coincides with sideways or range bound action. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on ETSY in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:NKE
by SafofAllTrades
Nike - Bottom or ABC?Nike is close to an important level which will determine if a bottom formation is completed or a further slump will occur. Currently a DBW formation is build after almost perfect a Dopple Top Formation has been finished. Currently we are close to the 4 level, the current local low. The RSI is close to oversell, which support the turn around idea, which may result into a W formation whose execution would probably trigger the 5 and the DBW activation. On the bearish side a potential running ABC pattern can be found fitting perfect into the chart and the Fibonacci patterns.
NYSE:NKE
by NDD46
$NKE Head & Shoulders Pattern Triggered"Head & Shoulders" pattern, and mentioning the ticker symbol " NYSE:NKE ," which represents Nike, Inc., a well-known athletic apparel and footwear company. The "Head & Shoulders" pattern is a technical chart pattern that traders and analysts often use to predict potential trend reversals in stock prices. The Head & Shoulders pattern typically consists of three peaks or highs: a higher peak (the "head") between two lower peaks (the "shoulders"). This pattern is considered bearish, indicating a potential reversal from an upward trend to a downward trend. The pattern is triggered when the price breaks below the neckline, which is a support level connecting the lows of the shoulders.
NYSE:NKE
by AlgoTradeAlert
Buying Nike at trend of higher lows.Nike - 30d expiry - We look to Buy at 104.54 (stop at 100.74) The trend of higher lows is located at 104.50. The primary trend remains bullish. This is currently an actively traded stock. This stock has seen good sales growth. Dips continue to attract buyers. Our profit targets will be 114.04 and 116.04 Resistance: 110.85 / 114.76 / 117.00 Support: 107.00 / 105.00 / 102.90 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYSE:NKELong
by VantageMarkets
Nike's (NKE:NYSE) Q4 Results Highlight Persistent ChallengesIntroduction: Nike's Q4 results reveal that the company continues to face challenges, indicating a potential revision of their long-term sales growth target. Despite notable successes in certain regions, caution remains regarding the company's future growth prospects, particularly in the highly competitive Greater China market. Challenges in Overcoming Obstacles: Nike's Q4 results suggest that the company is still grappling with obstacles. The need for a potential revision of their long-term sales growth target highlights ongoing challenges in achieving desired growth rates. It indicates the necessity for strategic adjustments to navigate market dynamics effectively. Unchanged Inventory Value and Reliance on Promotions: Nike's inventory value has remained unchanged compared to the previous year, indicating a stagnant stock situation. To clear excess inventory, the company has relied on promotional efforts, which are expected to continue into FY24. This reliance on promotions suggests a need for continued efforts to optimize inventory management and drive sustainable sales growth. Cautious Outlook for Greater China: While Nike achieved significant revenue growth of 25% in the Greater China region, caution persists regarding future growth prospects. Mounting competition in the region raises concerns about Nike's ability to maintain its market position and sustain growth in the face of intensified competition from local and international rivals. Strategic measures will be crucial to secure a competitive edge and capture market share effectively. Conclusion: Nike's Q4 results indicate that the company continues to grapple with challenges, prompting a potential revision of their long-term sales growth target. The stagnant inventory value and reliance on promotional activities reflect the need for continued efforts to optimize inventory management and drive sustainable sales growth. While Nike achieved impressive revenue growth in Greater China, caution remains due to mounting competition. As Nike navigates these challenges, strategic adjustments and a focus on market dynamics will be essential for securing future growth and maintaining a competitive position in the highly competitive athletic apparel industry. This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.
NYSE:NKE
by CapitalMarketsEliteGroup