Trend is your Friend. #NKE is a prime example...fade the bullish moves
look for continuation down
that is going to be the money maker
shorting into resistance
not longing on reversals
NKE trade ideas
NIKE CALL options back to retest area then sell*I am in no way a financial advisor and you should always do your own due diligence before placing any trade. Do not trade what you are not comfortable with losing. No trade is guaranteed.
Price has recently broken lower low to give us a new low, price is on its way back to retest area and from there we should see rejection after the call is finished. Use proper risk management
NKE is worth watching for an entry point based on RSI and volume My Trading Strategy is very basic, a classic K.I.S.S. Philosophy. Using StochRSI, a 5 year chart for historical data and a YTD chart for current data. I look for oversold discounted companies. Nike had a ton of negative press, blah earnings and the stock price got clipped after they reported. To me, this fits my strategy to a tee, and patience and paying attention to RSI particularly will serve me well.
Today, NKE price had the first of 3 bullish price moves. I’d prefer to see the RSI on both K&D be above 35 before trying to make an early move however in this case, RSI rose well above 35 but the stock price did not follow. I opted to wait and see if buying volume would continue.
My trades are typically for 3-10 days and my exits vary by stock performance, market conditions etc.
Bullish Monthly chartCompleted shark harmonic, bullish divergence on the MACD, Williams% r is bottomed out, Gap filled from covid lows, Large position initiated.
Nike will go to the moon ╰(*°▽°*)╯lets gow of course nike will go to the up (because of my arrow) so nike is go up then i already bought it 100% bullish you know ? you know the the nike is nike so you know yeah
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.
Nike - Potential Gap CloseCan Nike close the GAP, restoring its share price to $88?
1. We got the GAP - Potential room that needs to be filled up/closed.
2. It appears the stock is in a potential support area
What is the market saying? Could Q3 Earnings and financials boost share price?
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.
Long term support Price is moving on long term support trendline
It will soon exit from red channel down
Probably a strong uptrend will follow
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
Getting closer to a bounce ~65-70The sell-off in NKE continues; however, we are approaching a key support area, particularly at the 61.8% Fibonacci level between the IPO price and the ATH.
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.
Buy Nike - touching a bullish trend line since 2000 + descending channel.
Target -10% correction to the Previous support that is now resistance.
NIKE - Just Do it
Looking for a long term long position.
Four years of gains wiped out.
Looking to retest COVID lows - look for a base before going long.
