NIKE INC -CL B (NKE) Stock Technical Analysis
NYSE:NKE - New York Stock Exchange, Inc. - US6541061031 - Common Stock - Currency: USD
Overall NKE gets a technical rating of 7 out of 10. 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.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month NKE has a been trading in the 59.19 - 77.03 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
NKE has an average volume of 18065400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, NKE turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
NKE is part of the Textiles, Apparel & Luxury Goods industry. There are 48 other stocks in this industry, NKE did better than 65% 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NKE has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
59.38
84.78
When analyzing the support we notice one important area.
- A support zone ranging from 59.98 to 60.78. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 78.89 to 79.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @83.94 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for NKE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NKE is up. |
| ChartMill Relative Strength | 66.78 | NEUTRAL | NKE is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of NKE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 76.48 | OVERBOUGHT | The high RSI value suggests NKE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.68 | POSITIVE | The MACD value suggests NKE has a positive trend. |
| Stochastics (14,3) | 96.22 | OVERBOUGHT | The high Stochastics value suggests NKE may be overbought. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for NKE suggests some volalility. |
| Average Directional Index/ADX (14) | 27.7 | POSITIVE | The high ADX value value for NKE suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
76.39
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg0%
1 Week22.15%
2 Weeks28.37%
1 Month21.7%
3 Month33.43%
6 Month4.2%
12 Month1.27%
2 Year-30.8%
3 Year-33.53%
5 Year-21.74%
10 Year32.6%
15 Year314.94%
Volatility
ATR(14)2.62
ATR(20)%3.05%
ATR Inc5.57%
Range Today1.45
ADR(20)1.83
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.78
Mansfield-0.31
10 Day High77.03
10 Day Low59.19
20 Day High77.03
20 Day Low59.19
52 Week High90.62
52 Week Low52.28
CS1 End72.03
CR1 Start75.22
Volume & EV
DER(3)1.19%
DER(5)1.65%
Volume12.02M
Volume Incr205.02%
Vol(5)45.01M
Vol(50)18.07M