Bullish Monthly chartCompleted shark harmonic, bullish divergence on the MACD, Williams% r is bottomed out, Gap filled from covid lows, Large position initiated.
NKE trade ideas
Analysis of Nike Stock: Potential for RecoveryAfter issuing poor guidance, Nike's stock experienced a significant decline. Over the past month, it has been stabilizing and establishing a support level while attempting to fill the gap created by the drop. With the next earnings report scheduled for September, there is potential for the stock to recover.
Key Points to Consider:
Current Price Action: Nike's stock is currently consolidating, showing signs of finding a floor. This consolidation period often indicates that the market is absorbing the recent news and setting the stage for a potential rebound.
Short-term Target: Before the September earnings report, Nike's stock could recover to around $88. This level would represent a retracement as the stock attempts to regain some of its lost ground.
Earnings Catalyst: If Nike reports better-than-expected earnings in September, the stock could potentially rally to around $100.
For long term traders, NKE is a good investmentNKE has reached its long term support line. Price is consolidating for a while at 70-74.
Scenario 1 - For long term traders this is a good chance to enter on Long aim at 120-130.
Scenario 2 - If the price breaks the support, then it will fall further to its historical price 60.
NKE ShortNike (NKE) has closed below the Anchored Volume Weighted Average Price (AVWAP) from the recent earnings report. An insider recently bought shares, prompting retail investors to follow. Despite the range-bound trading, there is potential for profit. The plan involves entering a second position at the low of the day (LOD) with a stop loss at the high of the earnings wick. This strategy aims to capitalize on the insider buying signal while managing risk through precise entry and exit points.
Quick Take: NKE Nike ## Technical Analysis of Nike (NKE) Stock Chart
### Trend Analysis
1. **Long-term Trend**: The chart shows a strong upward trend from 2014 until 2021, reaching a peak at 173.32. Since then, the stock has been in a downtrend.
2. **Current Trend**: The stock price is currently below all major moving averages (MA5, MA10, MA20), indicating a bearish trend.
### Moving Averages
- **MA5 (85.62)**, **MA10 (95.06)**, and **MA20 (103.37)**: The stock price is significantly below these levels, reinforcing the bearish trend.
### RSI (Relative Strength Index)
- **RSI(14) at 34.49**: The RSI is below 50, indicating bearish momentum. It is close to the oversold region (below 30), which might suggest a potential reversal or a pause in the downtrend.
### Support and Resistance Levels
1. **Immediate Support**: Around 70.00-72.00, as indicated by historical price action and the current price level.
2. **Next Major Support**: Around 60.00, based on previous significant price levels.
3. **Immediate Resistance**: The moving averages (MA5, MA10, MA20) will act as resistance levels (85.62, 95.06, and 103.37 respectively).
### Volume Analysis
- **Volume Spikes**: Significant volume increases during price declines, indicating strong selling pressure.
### Price Targets
1. **Bullish Scenario**: If the stock price manages to hold above the immediate support around 70.00 and the RSI moves upwards from the oversold region:
- **Short-term Target**: 85.00 (MA5)
- **Medium-term Target**: 95.00 (MA10)
- **Long-term Target**: 103.00 (MA20)
2. **Bearish Scenario**: If the stock breaks below the immediate support around 70.00:
- **Short-term Target**: 65.00
- **Medium-term Target**: 60.00
### Recommendations
- **For Long Positions**: Wait for confirmation of support around 70.00 or a reversal signal (e.g., bullish RSI divergence) before entering.
- **For Short Positions**: Consider shorting if the stock breaks below the immediate support around 70.00 with a target of 65.00 or 60.00.
### Final Note
- **Risk Management**: Set stop-loss orders to manage potential downside risks. For long positions, consider placing stop-loss just below the support level at 70.00. For short positions, place stop-loss above the recent high or a key resistance level.
This analysis is based on the current chart and indicators; always consider market conditions and other fundamental factors before making trading decisions.
July 18: Generational buy opportunityI believe NYSE:NKE is at a generational buy opportunity, because the drop has now erased all the lows of all times and is the most oversold in the quarterly chart. Weekly chart shows the last pivot has also been erased and is at the buy zone. Price action-wise, selling has also stalled and is creating a hammer on the weekly. Further drop, if there is, will be minimal.
Who's keen on catching an Olympic sized knife?NYSE:NKE has been bleeding...but it's Nike.
Chart looks like knife catching to be buying here.
Largest marketing campaign in athletic brand history about to be rolled out around the Paris Olympics.
Another one that gets the heart racing at the potential opportunity, but you need a stomach for.
Exciting one to follow for the next 12 months.
$NKE just doing it to $88.50 from $72 after drastic drop off $98NYSE:NKE just doing it to $88.50 from $72 after drastic drop. Perfect to align with a bit above the 50% Fibonacci point as the RSI climbs higher towards the 200 day moving average above the 50 day moving average on the 2hour chart and in multiple timeframes.
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NYSE:NKE
Long-term Triangle PatternNike is getting close to the apex of a 4-year triangle pattern (where price inevitably breaks one way or the other). For now, I'm just watching for a certain setup to potentially trade on. If it breaks down out of the triangle (which it is currently threatening), it may find support around the 200-mo. EMA, which would be a better price to start a position. That said, it could certainly find support here but there isn't much upside to the top of the pattern (unless it breaks out).
29 Yr Ascending Channel Historical SupportsThe last two times NKE has reached these two lower bands is 2008 and 2000. In 2008 the stock rebounded 35% from the second lowest band and 2000 the stock continued downward to the lowest band to rebound 60+% in just 8 weeks time from the lowest low. The point is, some market exposure at the second lowest band with reserve to buy at the lowest is better than missing the rally entirely. Historically, even if it continues to the lowest, it appears it doesn't spend much time there.
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Nike - Just do it, but when?You’ve got to zoom out to get the bigger picture on Nike, so let’s look at it on the 3 Month chart.
The last time Nike hit the 0.75 speed fan was in the early 80s, it’s initial significant crash before they singed Michael Jordan.
No we are approaching that level 0.75 speed fan again. Will it hold or fail and send Nike down to $60? Things are not going well for Nike, Adidas is taking market share and other brands like Hoka are having their moment. Could the singing of Caitlin Clark provide a similar catalyst to this declining brand as Jordan did in the 80s?
Nike has a clear MOAT, it’s one of the strongest brands out there. Looking back at the major corrections 60% is approximately the average decline which can last from 1-3 years. We are in year 3 of the decline since 2021 and a similar draw down.
Personally I am looking to add spot Nike for a long term hold. They have a history of turning things around. It will require patience but I’m my opinion they will just about do it.
Not financial advice, just my thoughts.
Nike's Drop Will Offer a Great Dip... Soon!Nike's stock has dropped 30% this year and nearly 60% from its 2021 highs. It continues to drop, and now, I am worried that they will soon suspend their dividend to move cash flow into other areas that need to support the business.
I believe Nike may reach a low close to its COVID-19 crash levels, presenting a buying opportunity for patient investors as I've marked on the chart with the red circle. As Warren Buffett once said, "Be fearful when others are greedy and greedy when others are fearful." I think that moment is coming with Nike.
Here are two tips for buying dips:
1. It can always go lower than you think so it's better to wait for some signs of a reversal rather than perfectly catching the bottom.
2. Set alerts so that you're ready and can get alerted with the time comes.
Now, why has Nike fallen like this? Several factors contribute to this decline:
1. Margin Pressures: Rising raw material and labor costs have strained Nike's profitability, causing investor concerns.
2. Product Control Issues: Expanding its product range has led to inconsistent quality and inventory management problems.
3. Excessive Product Range: The overwhelming number of products has confused customers and diluted the brand.
4. Increased Competition: New, agile brands are capturing market share, challenging Nike's dominance.
This one is on my watchlist! Let's see what happens next. I'll update you all rather soon.
#NKE Oversold - price at Covid LevelsAnalysis Overview
Focus: Primarily on fundamental analysis.
Current Price Context:
Last time NYSE:NKE was at these price levels was in March 2020.
The stock has been significantly beaten down.
This year's growth estimate is gloomy (-14%).
Investment Rationale
Despite the recent challenges, Nike remains a solid company and is the world's most valuable apparel brand. P/E (TTM) is 19.74 which hints a kind of fair valuation. Moreover, analysts estimate an upside potential of +26.16% on average.
Investment Decision
I decided to buy 10 shares of $NKE.
Exit Strategy
I haven’t determined a specific sell price yet and might keep the shares indefinitely. My decision will be based on:
General market sentiment
Potential price increases in the near term
Long-Term Outlook
I believe Nike will perform well in the long term, but I’m also open to acting opportunistically and selling if there is a significant price increase in the near term.
More Weakness for NKENKE has been getting hammered all year and in particular since the last earnings that led to the biggest single day drop in the stock's history. It hasn't been able to catch a bid since and is nearing the recent lows after breaking below this small descending wedge. This should lead to a further move down below the $75 area.
Nike (NKE) can be a very good buy down around USD 60.00 - 65.00Technical Analysis of Nike Inc. (ticker on NYSE: NKE)
Nike (NKE) is in a long-term downward trend, showing a very weak development.
Then we know the saying 'Never try to catch a falling knife', and you can safely say that about the Nike share here now.
According to the long-term falling trend that the share is moving within, a further fall towards around USD 60.00 - 65.00 is indicated.
Preferably within the next 1-3 months.
Naturally, there will occasionally be some rebounds, but the trend indicates that the share will likely fall towards USD 60.00 - 65.00 within 1-3 months.
So well worth keeping an eye on Nike stock going forward, and if it comes down to the bottom of the long-term downtrend, around USD 60.00 - 65.00, then it might be worth trying an investment in the stock around that level.
Yes, Nike is not going bankrupt, so to speak, but the company has had its challenges to contend with in recent years, and down to USD 60.00 - 65.00 the share can be an interesting investment, the undersigned believes.
After all, Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales.
$Nke 85c aug 9 exp OLYMPIC PUMP Nike saw a slash in price from $94- $74 after a drop in annual sales.
After this drop we saw a consolidation at $74.79s and a bottom was formed.
We do need to clean break above $77 to bring in more volume
76.76- 77.47 is our volume box.
I believe in Nike. IT is a staple of American Sports and athletic apparel.
I am looking to buy $85-$87 calls for Early Aug exp. I will roll these calls for the duration of the 2024 Olympic games. We may not fill the entire $20 gap but 50% at $85 is very achievable.
Nike is still listed as a sell on TV indicators but we will be early to the breakout and nicely rewarded.
Patience. Discipline. Consistency.
This is not financial advice and please do your own due diligence and research prior to entering.
Current Price $75.47
Target Price $85.50
#Nke
Long Nike on the 76 fibNKE has been getting hammered badly recently and all of this can build up into cap down capitulations to the 76.
I like buying things cheap. Especially at 76 fibs and I love things crashing into 76 fibs.
Taking a NKE position build up of shorting put spreads and buying calls. Betting the low is in and we retrace at least 40% of the drop - possibly get to the high.
