NIKE INC -CL B (NKE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NKE - US6541061031 - Common Stock
Taking everything into account, NKE scores 0 out of 10 in our technical rating. 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.
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 notice one important area.
- A support zone ranging from 59.98 to 60.79. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 63.06 to 64.32. 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 68.44 to 69.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @73.84 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 | DOWN | NEGATIVE | The short term trend for NKE is down. |
| ChartMill Relative Strength | 18.12 | NEGATIVE | NKE has a low relative strength, it was outperformed by 81.88% 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) | 43.23 | NEUTRAL | The RSI value for NKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests NKE has a positive trend. |
| Stochastics (14,3) | 33.53 | NEUTRAL | The Stochastics value for NKE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for NKE suggests some volalility. |
| Average Directional Index/ADX (14) | 27.44 | POSITIVE | The high ADX value value for NKE suggests a strong trend. |
62.8
+1.37 (+2.23%)
NIKE INC -CL B / NKE FAQ
What is the technical rating for NKE stock?
ChartMill assigns a technical rating of 0 / 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 43.2339. 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 0.165767, indicating a bearish trend.
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.