NKE Technical Signal Analysis
NKE have 4 buy signals and 6 sell signals now. The current trend is downtrend starting from 2025-03-10. The total price change during this trend is -4.92%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of NKE over last 5 trading day is $907,406,803.28
4 Bullish Signal
6 Bearish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
6.35
Bullish
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-143.36
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
Bullish
Williams %R (14 days)
WILLR_14 < -80
-90.99
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-0.42
Bearish
Momentum (10 days)
MOM_10 < 0
-7.38
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.13
Bearish
Closing price
close < fibonacci_S1
72.64
Bearish
Moving Average
5-day SMA crosses below 60-day SMA
--
Bearish
Moving Average
10-day SMA crosses below 20-day SMA
--
Bearish
4 Bullish Signal
Name
Signal
Value
Meaning
Stochastic Oscillator %K (14, 3, 3)
STOCHk_14_3_3 < 20
6.35
Bullish
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-143.36
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
Bullish
Williams %R (14 days)
WILLR_14 < -80
-90.99
Bullish
NKE Support and Resistance Level
The support levels for NKE are at 72.86, 70.67, and 67.12, while the resistance levels are at 79.96, 82.15, and 85.7. With the current stock price at 72.64, it is leaning more toward the support levels.
NKE Technical Analysis
Comprehensive Technical Analysis of NKE Stock
Current Price and Key Levels
As of the latest data, NKE is trading at 78.48. Key support and resistance levels based on Fibonacci analysis are:
- Resistance Levels: 81.67 (R1), 83.08 (R2)
- Support Levels: 77.09 (S1), 75.68 (S2)
- Pivot Point: 79.38
Technical Indicators
- RSI (6, 12, 14): 55.37, 56.16, 55.96 (neutral, no overbought/oversold signals).
- Stochastic Oscillator (14, 3, 3): 53.95 (K) / 56.84 (D) (in the lower half, suggesting potential buying opportunities).
- MACD (12, 26, 9): 1.09 (MACD line), -0.03 (Histogram), 1.12 (Signal line) (slight bearish divergence).
- Bollinger Bands (20, 3): Upper: 78.63, Lower: 74.37 (price near the upper band, indicating potential overbought conditions).
Recent Price Action
- Open: 77.48
- High: 79
- Low: 76.9701
- Close: 78.59
- Volume: 9,294,295 (moderate trading activity).
Fibonacci Pivot Analysis
The stock is currently trading below the pivot point of 79.38, indicating short-term weakness. However, the price is holding above the first support level of 77.09, suggesting that the selling pressure is not overwhelming.
Bollinger Bands
The price is approaching the upper Bollinger Band (78.63), which could signal overbought conditions. A pullback to the lower band (74.37) is possible if selling pressure increases.
Stochastic Oscillator
The Stochastic Oscillator is in the lower half, with the K line (53.95) slightly below the D line (56.84). This suggests that the stock may be oversold and due for a bounce.
MACD Analysis
The MACD line is above the signal line, but the histogram is slightly negative, indicating a weak bearish signal. This divergence could indicate a short-term pullback.
Volume Analysis
The volume of 9,294,295 is moderate, indicating neither strong accumulation nor distribution.
Fibonacci-Based Trading Strategy
- Buy Signal: If the price bounces off the first support level (77.09) and breaks above the pivot (79.38).
- Sell Signal: If the price breaks below the first support level (77.09) and tests the second support level (75.68).
Target and Stop-Loss
- Target Price: 81.67 (Fibonacci R1)
- Stop-Loss: 77.09 (Fibonacci S1)
Conclusion
Based on the technical analysis, NKE is currently in a neutral zone with mixed signals. However, the proximity to key support levels and the potential for a stochastic bounce suggest a BUY opportunity at the current price of 78.48, with a target of 81.67 and a stop-loss at 77.09.
Final Recommendation: BUY at 78.48 with a target of 81.67 and stop-loss at 77.09.
NKE FAQs
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Is NKE a buy based on overall technical signals summary?
NKE Buy or Sell
NKE has 4 buy signals and 6 sell signals now. Overall the technical rating for NKE is Sell.
Sell
Sell
6
Buy
4
NKE Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 72.64 below the SMA_5. In the short term, the stock shows a negative trend with the 75.08 below the SMA_20. In the mid term, the stock shows a positive trend with the 77.18 above the SMA_60. In the long term, the stock shows a negative trend with the 75.23 below the SMA_200.
Swing
Negative
Stock Price Below SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Positive
SMA_20 Above SMA_60
Long Term
Negative
SMA_60 Below SMA_200
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What do technical indicators suggest about NKE's current trend?What are NKE's key support and resistance levels?