NIKE INC -CL B (NKE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NKE - US6541061031 - Common Stock
Taking everything into account, NKE scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. NKE was also a bad performer in the overall market in the last year.
NKE has a poor technical rating and the quality of the setup is also not perfect 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.
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59.38
When analyzing the support we can see 3 important areas.
- A support zone ranging from 63.96 to 66.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @62.43 from a trend line in the weekly time frame.
- A support zone ranging from 59.98 to 61.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- 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 @72.44 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 | 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 | 23.11 | NEGATIVE | NKE has a low relative strength, it was outperformed by 76.89% 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) | DOWN | MIXED | The current price of NKE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NKE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.12 | NEUTRAL | The RSI value for NKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests NKE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.23 | NEUTRAL | The Stochastics value for NKE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for NKE suggests some volalility. |
| Average Directional Index/ADX (14) | 21.34 | NEUTRAL | The ADX value for NKE suggests a possible start of a new trend. |
67.12
-0.66 (-0.97%)
NIKE INC -CL B / NKE FAQ
What is the technical rating for NKE stock?
ChartMill assigns a technical rating of 3 / 10 to NKE.
What is the trend direction for NKE stock?
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 57.121. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NIKE INC -CL B?
The MACD indicator for NIKE INC -CL B (NKE) has a value of 0.485453, indicating a bearish trend.