NIKE INC -CL B (NKE) 127.98 +0.45 (+0.35%)
127.98 +0.45 (+0.35%)
US6541061031 - Common Stock
Technical Rating
We assign a technical rating of 7 out of 10 to NKE. In the last year, NKE was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Statistics
Support/Resistance Analysis
102.79
- A support zone ranging from 124.25 to 124.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @112.28 from a trend line in the daily time frame.
- Support @103.83 from a horizontal line in the daily time frame.
- A resistance zone ranging from 128.50 to 128.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
Setup Analysis
Setup Rating
NKE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 128.5. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 124.53, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NKE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Possible Trading Setup
Given the decent technical rating and the setup score, we can suggest the following trade.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 128.87 | 124.24 | 4.63 (3.59%) | 25.00% |
| An entry @128.87. This is a Buy Stop order right above the resistance zone. | An exit @124.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.63 points, which is 3.59%. | For a 0.90% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NKE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NIKE INC -CL B127.98
NYSE:NKE (1/27/2023, 1:46:09 PM)+0.45 (+0.35%)
| GICS Sector | Consumer Discretionary | ||
| GICS Industry | Textiles, Apparel & Luxury Goods | ||
| Today | 0.35% | 1 Week | 2.41% |
| 2 Weeks | -0.32% | 1 Month | 8.48% |
| 3 Month | 35.92% | 6 Month | 10.97% |
| ATR(14) | 3.45 | ATR(20)% | 2.53% |
| ATR Inc | -26.08% | Range Today | 1.3 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| CRS | 83.69 | Mansfield | 1.11 |
| 10 Day High | 129.23 | 10 Day Low | 112.36 |
| 20 Day High | 129.23 | 20 Day Low | 112.36 |
| 52 Week High | 149.68 | 52 Week Low | 82.22 |
| CS1 End | 124.53 | CR1 Start | 128.5 |
| DER(3) | 2.94% | DER(5) | 3.98% |
| Volume | 3.23M | Volume Incr | -37.09% |
| Vol(5) | 5.70M | Vol(50) | 7.79M |
Technical Stock Screener Links
Technical Stock Screener
Find stocks with similar TA and Setup ratings on the USA
Best Technical Competitors Stock Screener
Find the competitors with the best technical ratings on the USA
Best Technical Setups Competitors Stock Screener
Find the competitors with the best technical and setup ratings on the USA