NIKE INC -CL B (NKE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NKE - US6541061031 - Common Stock
Overall NKE gets a technical rating of 3 out of 10. In the past year, NKE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 78% of all other stocks performed better in the past year than NKE.
- In the last month NKE has a been trading in the 59.86 - 67.13 range, which is quite wide. It is currently trading near the high of this range.
- NKE has an average volume of 18961000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- NKE is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry, NKE did better than 56% of them.
- NKE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NKE is lagging the market.
Although the technical rating is bad, NKE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 64.85, a Stop Loss order could be placed below this zone.
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55.84
When analyzing the support we can see 3 important areas.
- A support zone ranging from 63.11 to 64.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 58.70 to 59.79. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 56.40 to 57.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 65.05 to 66.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 67.47 to 67.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @69.68 from a horizontal line in the daily time frame.
- Resistance @71.29 from a trend line in the weekly time frame.
- Resistance @78.89 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for NKE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NKE is up. |
| ChartMill Relative Strength | 22.81 | NEGATIVE | NKE has a low relative strength, it was outperformed by 77.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NKE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NKE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NKE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.47 | NEUTRAL | The RSI value for NKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests NKE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.78 | NEUTRAL | The Stochastics value for NKE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for NKE suggests some volalility. |
| Average Directional Index/ADX (14) | 10.79 | NEGATIVE | The low ADX value for NKE suggests a weak or negative trend. |
64.99
-0.05 (-0.08%)
NIKE INC -CL B / NKE FAQ
What is the technical rating for NKE stock?
ChartMill assigns a technical rating of 3 / 10 to NKE.
Can you provide the trend direction for NIKE INC -CL B?
The current trend direction for NIKE INC -CL B (NKE) is Bearish.
What is the RSI signal for NIKE INC -CL B (NKE) stock?
NIKE INC -CL B (NKE) has an RSI value of 52.4725. This indicates that the stock is currently neutral.
What is the MACD signal for NIKE INC -CL B (NKE) stock?
The MACD indicator for NIKE INC -CL B (NKE) has a value of 0.0854307, indicating a bearish trend.
What is the buy/sell signal for NIKE INC -CL B (NKE) stock?
The buy/sell signal for NIKE INC -CL B (NKE) is hold as the short term and long term trends are mixed.