NKE Nike Chart, History Price & Graph

Key Takeaways

• Nike (NKE) shares are trading at approximately $44.40, near multi-year lows amid a prevailing downtrend.
• Price action shows consolidation after a sharp quarterly decline of over 30%, with reduced volatility and potential long-term falling wedge formation.
• Key support near $42.00, resistance at $46.86-$47.00; price below major moving averages including 50-day SMA at $51.39.
• Momentum indicators mixed: RSI(14) at 35.20 (oversold territory), MACD negative at -1.74 signaling bearish momentum.
• Overall technical summary neutral to sell, with strong sell from moving averages.

Trend Analysis

Nike (NKE) remains in a medium- to long-term downtrend, having broken below a falling trend channel, accelerating the decline. Over the past quarter, the stock has dropped more than 30%, reflecting sustained selling pressure. Recent price action over the last 30 days shows a milder -4.63% decline, with shares consolidating near historic lows after filling a significant gap from 2014. This stabilization hints at potential exhaustion in the downtrend, though the broader structure points to weakness, with ADX(14) at 36.26 indicating a strong directional move lower.

Support and Resistance Levels

Critical support lies at the pivot S1 level of $41.98, aligning with broader multi-year lows around $42.00-$45.00, where traders anticipate potential buying interest or further breakdown. Immediate resistance emerges at R1 $46.86, followed by a zone near $46.00-$46.50, coinciding with recent consolidation highs. Higher resistance clusters around the 50-day SMA at $51.39 and prior lows near $60.00, where supply may cap any rebound attempts.

Moving Averages

NKE trades below all major moving averages, reinforcing bearish bias. The EMA10 at $44.88 and EMA20 at $45.87 act as near-term hurdles, while the SMA50 ($51.39) and EMA50 ($50.31) represent key overhead resistance. Longer-term, the SMA100 ($57.54), SMA200 ($64.04), and EMA200 ($60.76) underscore the multi-month downtrend. Out of tracked MAs, 13 signal sell, with only 1 buy and 1 neutral, yielding a strong sell summary.

Momentum Indicators

Oscillators present a neutral backdrop amid oversold conditions. RSI(14) reads 35.20, dipping into oversold territory and suggesting potential for short-term relief, though other sources note levels around 48 (neutral). MACD(12,26) level stands at -1.74, with bearish divergence persisting. Stochastic %K at 43.24 and CCI(20) at -8.13 remain subdued, while STOCH(9,6) at 50.73 hovers neutral. Overall, oscillators lean 1 sell, 9 neutral, 1 buy.

Volume and Price Action

Trading volume has contracted alongside reduced volatility, characteristic of consolidation phases post-sharp declines. This lower activity supports the view of a potential falling wedge pattern on weekly charts, a bullish setup if confirmed. Price has stabilized after aggressive selling, with no notable spikes, indicating balanced but cautious market participation.

Tickeron’s AI Daily Buy/Sell Signals

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Technical Outlook and Key Levels to Watch

Traders eye whether $41.98 support holds to foster stabilization or yields to extend the downtrend. A break above $46.86 resistance could signal short-term bullish momentum toward $50, testing the 50-day SMA. Monitor RSI for divergence from oversold levels and MACD for histogram shifts. Volume pickup on upside moves would bolster breakout validity, while sustained price below key MAs favors bears. Oversold conditions and wedge patterns warrant caution for potential rebounds, but downtrend dominance prevails until disproven.

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