NIKE INC -CL B (NKE)       96.06  -0.96 (-0.99%)

96.06  -0.96 (-0.99%)

US6541061031 - Common Stock - After market: 96.3 +0.24 (+0.25%)

Technical Rating

0

We assign a technical rating of 0 out of 10 to NKE. NKE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.



NKE has an average volume of 6284790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NKE is an average performer in the Textiles, Apparel & Luxury Goods industry, it outperforms 63% of 49 stocks in the same industry.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
64% of all other stocks performed better in the past year than NKE.
NKE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
In the last month NKE has a been trading in the 95.34 - 113.36 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.

Statistics

1 Month 3 Months 6 Months 12 Months -11.29% -5.06% -28.06% -34.68% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 36.81 95.34 - 179.1
NKE Weekly chart
NKE Daily chart

Support/Resistance Analysis


95.10

116.07
We can see 4 important resistance areas.
  • A resistance zone ranging from 105.18 to 107.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 109.07 to 109.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @112.75 from a trend line in the daily time frame.
  • Resistance @114.92 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

2

The technical rating of NKE is bad and it also does not present a 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.


NKE Daily chart

NIKE INC -CL B96.06

NYSE:NKE (9/26/2022, 7:06:53 PM)-0.96 (-0.99%)

After market: 96.3 +0.24 (+0.25%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Discretionary
GICS Industry Textiles, Apparel & Luxury Goods
Performance
Today -0.99% 1 Week -10.4%
2 Weeks -14.52% 1 Month -11.29%
3 Month -5.06% 6 Month -28.06%
Volatility
ATR(14) 3.38 ATR(20)% 3.29%
ATR Inc -23.62% Range Today 2.02
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 36.81 Mansfield -1.46
10 Day High 108.91 10 Day Low 95.34
20 Day High 113.36 20 Day Low 95.34
52 Week High 179.1 52 Week Low 95.34
CS1 End N/A CR1 Start 105.18
Volume & EV
DER(3) -0.47% DER(5) -1.97%
Volume 8.52M Volume Incr 43.42%
Vol(5) 8.69M Vol(50) 6.28M

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