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Jul 17, 2023

NKE's Profitable Week: Trader Robot Nets +2.98%

The advent of AI trading robots has revolutionized the way investors approach stock trading. One such AI-powered trading platform, "Swing Trader: Popular Stocks (TA&FA)," has recently showcased its prowess as a bot factory, generating an impressive +2.98% gain while trading NKE over the past week. Alongside this successful feat, traders are paying close attention to NKE's Stochastic Oscillator, which recently moved out of oversold territory, hinting at potential bullish momentum. In this article, we will delve into the earning results and explore how AI-driven analyses can impact trading decisions.

Stochastic Oscillator Signals Bullish Sentiment:

On July 12, 2023, the Stochastic Oscillator for NKE moved out of oversold territory, capturing the attention of traders looking for potential bullish signals. The Stochastic Oscillator is a popular momentum indicator that measures the closing price of a security relative to its price range over a specific period. It ranges from 0 to 100, with values above 80 indicating overbought conditions and values below 20 suggesting oversold conditions.

When the Stochastic Oscillator moves out of the oversold zone, it is often seen as a potential bullish sign. In response to this occurrence, traders may consider two potential strategies - buying the stock directly or acquiring call options to leverage the anticipated upward movement.

Insights from A.I.dvisor:

To better understand the significance of this signal, Tickeron's A.I.dvisor analyzed 56 historical instances where NKE's Stochastic Oscillator left the oversold zone. The results were encouraging, with 38 out of the 56 cases witnessing the stock's subsequent upward movement in the following days. This implies that there is a historical probability of over 68% for NKE to experience a positive price trend after such a Stochastic Oscillator crossover.

Earnings Report Analysis:

Examining the fundamentals, the last earnings report on June 29 showed that NKE reported earnings per share of 66 cents. However, this figure missed the estimated earnings of 68 cents, raising concerns among investors. With 6.85 million shares outstanding, the current market capitalization of NKE stands at an impressive 165.92 billion dollars.

Summary:

The integration of artificial intelligence in trading has proven to be a game-changer for investors, as demonstrated by the success of AI trading robots on the "Swing Trader: Popular Stocks (TA&FA)" platform. The recent +2.98% gain generated while trading NKE highlights the potential of AI-driven strategies in capturing profitable opportunities.

Moreover, the Stochastic Oscillator's move out of oversold territory further reinforces the bullish sentiment surrounding NKE. Traders are now closely monitoring the stock, considering historical probabilities of over 68% for a positive price trend after such a signal.

Related Ticker: NKE

NKE in -1.08% downward trend, declining for three consecutive days on September 25, 2023

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where NKE declined for three days, in of 290 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 11, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on NKE as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for NKE turned negative on September 07, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .

The Aroon Indicator for NKE entered a downward trend on September 25, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 11 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NKE advanced for three days, in of 306 cases, the price rose further within the following month. The odds of a continued upward trend are .

NKE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: NKE's P/B Ratio (9.930) is very high in comparison to the industry average of (2.921). P/E Ratio (28.090) is within average values for comparable stocks, (27.070). Projected Growth (PEG Ratio) (1.667) is also within normal values, averaging (1.702). Dividend Yield (0.015) settles around the average of (0.042) among similar stocks. P/S Ratio (2.785) is also within normal values, averaging (1.642).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. NKE’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. NKE’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock better than average.

Notable companies

The most notable companies in this group are Nike (NYSE:NKE), Skechers USA (NYSE:SKX), VF Corp (NYSE:VFC), Canada Goose Holdings (NYSE:GOOS), G-III Apparel Group Ltd (NASDAQ:GIII), Lakeland Industries (NASDAQ:LAKE).

Industry description

Apparel/footwear might be slightly more ‘cyclical’ in the largely non-cyclical category of non-durables. While digital giants like Amazon have been rapidly expanding their presence, traditional clothing/footwear retailers have also been bulking up their online presence in recent years, to milk the burgeoning trend of online shopping among consumers across the globe. The apparel and footwear retail market was valued at around $ 360 billion in 2018, and this figure was expected to reach about $386 billion by 2020 (according to a Statista report). NIKE, Inc, V.F. Corporation and Under Armour, Inc. are some of the companies with the largest U.S. stock market caps in this segment.

Market Cap

The average market capitalization across the Apparel/Footwear Industry is 5.34B. The market cap for tickers in the group ranges from 1.66K to 138.62B. NKE holds the highest valuation in this group at 138.62B. The lowest valued company is SQBGQ at 1.66K.

High and low price notable news

The average weekly price growth across all stocks in the Apparel/Footwear Industry was -2%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was -3%. JNBYF experienced the highest price growth at 49%, while PXFG experienced the biggest fall at -50%.

Volume

The average weekly volume growth across all stocks in the Apparel/Footwear Industry was 13%. For the same stocks of the Industry, the average monthly volume growth was 18% and the average quarterly volume growth was 9%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 48
P/E Growth Rating: 62
Price Growth Rating: 60
SMR Rating: 61
Profit Risk Rating: 82
Seasonality Score: -2 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a maker of athletic footwear and apparel

Industry ApparelFootwear

Profile
Fundamentals
Details
Industry
Apparel Or Footwear
Address
One Bowerman Drive
Phone
+1 503 671-6453
Employees
83700
Web
https://www.nike.com
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NKE and

Correlation & Price change

A.I.dvisor indicates that over the last year, NKE has been closely correlated with UA. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if NKE jumps, then UA could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NKE
1D Price
Change %
NKE100%
-0.28%
UA - NKE
69%
Closely correlated
-4.44%
UAA - NKE
67%
Closely correlated
-4.53%
RL - NKE
67%
Closely correlated
+0.93%
COLM - NKE
65%
Loosely correlated
+0.30%
PVH - NKE
58%
Loosely correlated
+1.07%
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