NKE Technical Analysis - NIKE INC -CL B

Technical Rating and Analysis

Taking everything into account, NKE scores 5 out of 10 in our technical rating. In the last year, NKE was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

In the last month NKE has a been trading in the 73.05 - 80.17 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

NKE has an average volume of 11544100 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 56% of all stocks.

NKE is part of the Textiles, Apparel & Luxury Goods industry. There are 49 other stocks in this industry, NKE did better than 56% 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

NKE has an average technical rating and it also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

64.17

80.03

We found 3 important support areas.

Support @71.99 from a horizontal line in the daily time frame.
A support zone ranging from 66.27 to 66.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @64.82 from a trend line in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 73.18 to 76.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 78.38 to 79.24. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for NKE is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for NKE is neutral.
ChartMill Relative Strength	56.63	NEUTRAL	NKE is not amongst the best or worst performers 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)	UP	MIXED	The current price of NKE is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of NKE is above the rising SMA(200).
Relative Strength Index/RSI (14)	45.55	NEUTRAL	The RSI value for NKE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.5	NEGATIVE	The MACD value suggests NKE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	14.2	OVERSOLD	The low Stochastics value suggests NKE may be oversold.
Average True Range in percent/ATR (20)	2.26	MEDIUM VOLATILITY	The ATR as a percentage value for NKE suggests some volalility.
Average Directional Index/ADX (14)	19.65	NEGATIVE	The low ADX value for NKE suggests a weak or negative trend.