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NKE trade ideas

Nike (NKE) Shares Surge 5%Nike (NKE) Shares Surge 5% The sportswear giant was among the top performers in the US stock market yesterday after Jefferies analysts raised their outlook: → Upgraded NKE stock from “Hold” to “Buy” → Increased the price target from $75 to $115 Amid fierce competition, NKE shares had been in a downtrend throughout 2023-2024, but a leadership change (which we covered in September 2024) may have acted as a catalyst for a turnaround. Technical Analysis of Nike (NKE) Stock Jefferies’ upgrade triggered a bullish breakout of the downtrend line (marked in red). The $71 level has proven to be a key support, particularly in February, when NKE hit its yearly low. Bears attempted to resume the downtrend, but failed—since then, the stock has surged approximately 17%, forming a sharp reversal (marked by an arrow), which is a bullish signal. In Wyckoff Method terminology, this move could indicate a Terminal Shakeout, marking a transition from the Accumulation phase to the Mark-Up phase. Nike (NKE) Stock Forecast Jefferies analysts hold the most optimistic outlook among their peers. According to TipRanks: → 15 out of 28 analysts recommend buying NKE shares → The average 12-month price target for NKE is $86 Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. 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.
NYSE:NKE
by FXOpen
4
Nike (NKE) at a Pivotal Point: Reversal or Further Decline?The weekly chart of Nike (NKE) displays a prolonged downtrend, with price action respecting a descending trendline. A harmonic Bat pattern has formed, with key Fibonacci retracement levels indicating potential reversal zones. The price has recently tested the AB=CD completion zone around $77.17 and $69.90, aligning with historical support. Technical indicators suggest oversold conditions, as both momentum oscillators (stochastic and RSI) show signs of bullish divergence. A breakout above the trendline and sustained buying pressure could trigger a move towards T1 ($107.99) and T2 ($132.31). However, failure to hold support may lead to further downside continuation.
NYSE:NKELong
by BeaucoupPips
2
$NKE! I am on the KIM pump to $125 (YES we can) Confessions from the Desk: Can Kim K Save Nike, or Did Nike Just Buy SKIMS? Fresh off two weeks of solid busts (both in the market and in my morale), I’ve decided to pivot—because clearly, my current trading strategy has all the accuracy of a broken Magic 8-Ball. This week, I’ve dipped my toes into consumer goods and sportswear, because if there’s one thing Americans will never stop buying, it’s overpriced gym clothes they never actually work out in. And right on cue, Nike is making headlines. Did Nike just buy SKIMS, or did they just recruit Kim K to save their soul? Hard to say. Either way, the company is betting big on a Made in USA push—because nothing screams patriotism like a $120 athleisure set stitched together with the finest American thread. This marks the first global advertising campaign under the new CEO, and let’s be real—the stakes are high. The real question is: Is Kim Kardashian the savior Nike needs?
NYSE:NKE
by TwoBULLISH
1
$NKE is SUPER BULLISH Nike, Inc. (NKE) has recently seen a bullish sentiment among some investors and analysts, driven by several key factors: Investor Confidence: Billionaire investor Bill Ackman’s Pershing Square Capital Management increased its stake in Nike by 15% during the fourth quarter, reflecting confidence in the company’s long-term growth prospects despite recent challenges. Analyst Ratings: The stock has received a consensus “Moderate Buy” rating from analysts, with an average price target of $89.96, suggesting potential for price appreciation. Strategic Initiatives: Under the leadership of new CEO Elliott Hill, Nike is focusing on premium sports products and direct-to-consumer sales, aiming to revitalize its brand and improve financial performance. However, it’s important to note that some analysts have expressed caution due to challenges in Nike’s turnaround efforts, including competition and the need for product innovation. I do advise you to checkout their competition. As of February 18, 2025, Nike’s stock price is $74.75, reflecting a slight increase of 0.02341% from the previous close. Looking at The Fibonacci levels we have strong momentum to continue to price points of $78.85 with hopes of NIKESKIMS release success takes us to 1.618 of $85.20 or the 2.618 of $95.47 As always trade responsibly!!!!!
NYSE:NKELong
by jflanagan229
Nike on a ride up the block before earnings!!!NYSE:NKE , recently hit a double bottom and has currently bounced 10%, right past the resistance of 76.74. As you can see, it came back to test that resistance and closed slightly above it...The last time it crossed 76.74, it consolidated for about a month before dropping again and bouncing off of not only the support of 70.32 but as you can, NYSE:NKE , also reversed at the Uptrend Support. This can now be viewed as support with a confirmation of it closing above 81.18. The next 2 resistant levels would now be 85.05 and 90.16. Furthermore, the last time it reversed off 70.32 it ran up for a 27% bounce. The long play that I'm currently interested in is: 82.5 Call and 85 Call expiring 3/21 *side note-that's one day after their earnings release Again, as I've said before... I am not a financial guru and definitely not a financial advisor (yet) but I will share with you my claims regarding what price action I see. I'd suggest you complete your own Due Diligence and not jump into mine or anyone else's picks without diving into some analysis yourself. Last and definitely the most important part... Take Profits, Take Profits, Take Profits!!! I cannot stress that enough. Good luck on your trading journey!
NYSE:NKELong
by FliCityOptions
1
Nike potential rebound, but stars are not aligned yetNYSE:NKE looks at a strong potential bullish reversal from the bottom after price action suggests a double bottom forming. Furthermore, the stock is looking at a potential upside as well after it has broken out of the falling wedge formation. MACD histogram is slightly positive while the mid-term Stochastic Oscillator has performed an oversold crossover. 23-period ROC saw momentum rising and is back into the upside. Volume remain in a cool and healthy expansion.
NYSE:NKELong
by William-trading