NIKE INC -CL B (NKE) Technical Analysis
NYSE:NKE • US6541061031
Current stock price
44.19 USD
-0.44 (-0.99%)
At close:
43.95 USD
-0.24 (-0.54%)
After Hours:
NKE Technical Rating and Analysis
Overall NKE gets a technical rating of 0 out of 10. NKE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, NKE is a bad performer in the overall market: 89% of all stocks are doing better.
- NKE is part of the Textiles, Apparel & Luxury Goods industry. There are 45 other stocks in this industry, of which 79% are performing better than NKE.
- NKE is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so NKE is lagging the market.
- In the last month NKE has a been trading in the 43.17 - 57.60 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- NKE has an average volume of 18406500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NKE Weekly and Daily overview Charts
NKE Setup Rating and Analysis
The technical rating of NKE is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
NKE Support and Resistance Analysis
43.75
79.68
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 62.28 to 62.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @66.03 from a horizontal line in the daily time frame.
- Resistance @68.52 from a trend line in the weekly time frame.
- Resistance @78.89 from a horizontal line in the weekly time frame.
NKE Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for NKE is down. |
| ChartMill Relative Strength | 11.46 | NEGATIVE | NKE has a low relative strength, it was outperformed by 88.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NKE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NKE is below 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) | 20.11 | OVERSOLD | The low RSI value suggests NKE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.62 | NEGATIVE | The MACD value suggests NKE has a negative trend. |
| Stochastics (14,3) | 16.11 | OVERSOLD | The low Stochastics value suggests NKE may be oversold. |
| Average True Range in percent/ATR (20) | 4.05 | MEDIUM VOLATILITY | The ATR as a percentage value for NKE suggests some volalility. |
| Average Directional Index/ADX (14) | 38.55 | POSITIVE | The high ADX value value for NKE suggests a strong trend. |
NKE Chart- and CandleStick Pattern Analysis
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)
NKE Technicals: Chart, Performance Metrics, Trend & Indicators
44.19
-0.44 (-0.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg-0.99%
1 Week-15.13%
2 Weeks-17.31%
1 Month-23.84%
3 Month-30.17%
6 Month-38.57%
12 Month-22.81%
2 Year-52.1%
3 Year-65.13%
5 Year-66.68%
10 Year-25.03%
15 Year114.72%
Volatility
ATR(14)1.89
ATR(20)%4.05%
ATR Inc248.3%
Range Today1.17
ADR(20)1.37
ADR(20)%3.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.46
3 months CRS11.29
6 months CRS14.16
Mansfield-3.32
10 Day High54.22
10 Day Low43.17
20 Day High57.6
20 Day Low43.17
52 Week High80.17
52 Week Low43.17
CS1 EndN/A
CR1 Start62.28
Volume & EV
DER(3)-1.42%
DER(5)-1.05%
Volume63.24M
Volume Incr205.69%
Vol(5)48.77M
Vol(50)18.41M
NIKE INC -CL B / NKE TA FAQ
What is the technical rating for NKE stock?
ChartMill assigns a technical rating of 0 / 10 to NKE.
What is the current trend direction of NIKE INC -CL B (NKE) stock?
The current trend direction for NIKE INC -CL B (NKE) is Bearish.
Can you provide the RSI signal for NIKE INC -CL B?
NIKE INC -CL B (NKE) has an RSI value of 20.1144. This indicates that the stock is currently oversold.
What is the short term momentum for NKE stock?
The short term momentum for NIKE INC -CL B (NKE) is negative.
What is the buy/sell signal for NKE stock?
The buy/sell signal for NIKE INC -CL B (NKE) is sell as both the short term and long term trends are negative.