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NKE trade ideas

Potential Rebound: NIKE Earnings Report AheadRecent Performance: NIKE has seen fluctuating market activity, reflecting pressures in the consumer discretionary sector. Currently priced at 78.89, the stock is under significant scrutiny as it approaches its earnings report scheduled for December 19. Investor sentiment is cautiously optimistic, with indications that the stock may be oversold and poised for a potential reversal. - Key Insights: The upcoming earnings report is a pivotal event for NIKE, with analysts highlighting its importance for future stock performance. The formation of a potential inverse head and shoulders pattern is generating a bullish sentiment among some investors, suggesting significant upside potential. Key support and resistance levels provide crucial insight for trading decisions, making it a critical period for NIKE. - Expert Analysis: Expert opinions on NIKE are mixed but lean towards a positive outlook, emphasizing the stock's significant potential for a breakout due to its current oversold status. The comparison to McDonald's market behavior underlines the possibility of substantial movements following the earnings report. As such, investor sentiment may dictate NIKE's trajectory in the near term, particularly surrounding the earnings announcement. - Price Targets: - Next week targets: T1=84.00, T2=90.00 - Stop levels: S1=76.00, S2=74.00 - News Impact: The upcoming earnings report is heightening scrutiny on NIKE, with market participants eager to see how the company will navigate challenges in a competitive environment. Consumer spending trends will play a crucial role in shaping investor sentiment, and stakeholders should be prepared for potential volatility based on the report's outcomes.
NYSE:NKELong
by CrowdWisdomTrading
$NKE NIKE | NIKE RANGE BREAKOUT TRADE SETUPS - Dec06'24NYSE:NKE NIKE | NIKE RANGE BREAKOUT TRADE SETUPS - Dec06'24 NYSE:NKE Trends: NYSE:NKE Weekly: Bearish NYSE:NKE Daily: Bearish NYSE:NKE 4H: Bearish NYSE:NKE 1H: Bullish BUY/LONG ZONE (GREEN): $79.25 - $88.00 DO NOT TRADE/DNT ZONE (WHITE): $77.25 - $79.25 SELL/SHORT ZONE (RED): $71.00 - $77.25 NYSE:NKE had a bearish gap down caused by earnings on Oct01. Continuation after the slight pullback to 84.50, price breaks below 81.25 and 80.75, two minor levels I was monitoring. Price breaks this zone, retests, then continues back downwards to 73.25. Price touches 73.25 then begins a slight bullish rally up to 77.25 - 78.00 zone. Current sideways range, bulls look for break above 79.25, bears look for break below 77.25. NYSE:NKE next earnings report is mid/late Dec. 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, technical indicators, support and resistance, nke, nike, NYSE:NKE , niketrade, niketrend, nketrade, nketrend, nikesideways, nikerange, nkerange, chartpattern, rangetrading, rangebound, nikeprice, nikeanalysis
NYSE:NKE
by TonyAiello
Investing in Nike Investing in Nike (NKE) stock could be an appealing opportunity at current prices for several reasons: Upside Potential: Analysts project an average 12-month price target of $96.30, representing about a 23% upside from the current price of approximately $78.28. Some forecasts even suggest a high target of $130​ Strong Financials: Nike has demonstrated effective cost management, beating earnings expectations recently, and maintains a high return on equity of nearly 40%, indicating strong operational efficiency​ Dividend Growth: The company recently raised its dividend, now yielding about 2.13%, reflecting financial stability and a commitment to rewarding shareholders​ Valuation Opportunity: The stock is trading below its 50-day moving average, presenting a potential buying opportunity for investors expecting a recovery​ However, investors should also consider some risks: Recent revenue declines and cautious outlooks from some analysts may indicate challenges in the short term. The current price-to-earnings (P/E) ratio is higher than some peers, which could suggest limited room for growth without improved performance​ ​ Overall, for long-term investors with confidence in Nike’s brand strength and global strategy, the current price could offer a compelling entry point. Diversification and awareness of potential near-term volatility are important considerations when investing.
NYSE:NKELong
by ForexCompany
NIKE: One of the largest brands on this planet! BUY NOWNIKE: One of the largest brands on this planet! BUY NOW! 50% Upside Ahead If you believe Nike is a dying company or will lose to HOKA, ON, and whoever else as the years roll on you clearly haven't studied Nike hard enough and seen the continued destruction of EVERY SINGLE brand to try and fight them...Adidas, Under Armor, Puma, New Balance, Asics, Brooks, etc. etc. etc. The LIST WILL INDEED continue. This name is not a H5 Setup...YET. But, I'm adding it to my watchlist as we have a beautiful Inverse H&S, Sitting on a Volume Shelf, Wr% divergence, and a Hammer Candle which typically means a reversal of a downtrend. All on the weekly chart! I believe that Value and Dividend names will be the hot ticket stocks in 2025 due to how beaten down they all are and so much treasury and high-interest savings money flowing into the markets, choosing this category of stocks to be on the safer side as that is the type. Once we get the BULLISH Green BUY signal on the H5 Indicator, it's all over, and you will not see Nike at these levels, most likely EVER AGAIN! You all realize Nike has a large MOAT and is one of the most prolific brands on the planet, right?! Ok, good, I thought you forgot! Will update once we get the flip to a BUY! Will begin adding in my LT portfolio now due to the value on this company at these levels right now though. NFA
NYSE:NKELong
by RonnieV29
27
Outlook for NikeNike, Inc. (NKE) - Potential Bullish Reversal Outlook Here’s a detailed explanation of why the illustrated outlook could be plausible, assuming Nike delivers good results in the coming years: 1. Technical Analysis Descending Channel Breakout Potential: The stock has been trading within a descending channel for an extended period, indicating a longer-term downtrend. However, it is approaching the lower boundary of this channel, which often acts as strong support. A breakout upwards could signal a reversal. Horizontal Support: The current price is near a significant horizontal support zone (~$74-75). This level has held multiple times in the past, suggesting strong buying interest. Moving Averages: Long-term moving averages (e.g., 200-month SMA) are approaching the price and may act as dynamic support. If the stock reclaims and trades above shorter-term moving averages (50- and 100-month SMA), it would strengthen the bullish case. Volume Patterns: Increased trading volume near support indicates heightened buyer interest, potentially signaling a rebound. 2. Fundamental Outlook Resilience of Nike's Brand: Nike remains a market leader in athletic footwear and apparel. Continued innovation and strong brand equity should help sustain growth. Growth in Emerging Markets: Nike's expansion in emerging markets offers significant growth opportunities due to rising disposable incomes and demand for premium brands. Direct-to-Consumer Transition: Nike's focus on e-commerce and DTC channels is a positive shift, enhancing margins and operational efficiency. 3. Macroeconomic Conditions Moderating inflation and recovering consumer spending could lead to increased discretionary spending on premium products like Nike's. A stronger macro environment would also support a broader market recovery, helping Nike's stock price. 4. Potential Scenarios Bullish Case: Positive earnings surprises could lead to a breakout of the descending channel and start a new uptrend. Targets align with prior resistance zones (~$100, $120, $140). Stochastic indicators suggest oversold conditions, increasing the likelihood of a reversal. Bearish Risk: If $74 support fails, the next significant support is near $63. However, this seems less likely given the strong historical support at current levels. 5. Conclusion This potential outlook reflects a combination of technical setups and long-term growth expectations. If Nike executes on its strategic initiatives (DTC growth, market expansion, and maintaining leadership) and macroeconomic conditions improve, the stock could recover and return to previous highs over the next few years. The outlined targets align with technical resistance levels, making them reasonable milestones for a multi-year bullish scenario.
NYSE:NKELong
by Peggert