NIKE INC -CL B (NKE) Stock Technical Analysis
NYSE:NKE - New York Stock Exchange, Inc. - US6541061031 - Common Stock - Currency: USD
Overall NKE gets a technical rating of 8 out of 10. Although NKE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
NKE has an average volume of 15949300 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 59% of all stocks.
NKE is part of the Textiles, Apparel & Luxury Goods industry. There are 50 other stocks in this industry, NKE did better than 69% 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.
In the last month NKE has a been trading in the 72.53 - 79.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, NKE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 75.71, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
63.47
77.75
We found 2 important support areas.
- A support zone ranging from 74.02 to 75.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 64.11 to 64.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @76.98 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 | UP | POSITIVE | The long term trend for NKE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NKE is up. |
| ChartMill Relative Strength | 59.96 | NEUTRAL | NKE is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of NKE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NKE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.12 | NEUTRAL | The RSI value for NKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests NKE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.75 | NEUTRAL | The Stochastics value for NKE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for NKE suggests some volalility. |
| Average Directional Index/ADX (14) | 30.11 | POSITIVE | The high ADX value value for NKE suggests a strong trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 76.99 | 74.01 | 2.98 (3.87%) | 25.00% |
| An entry @76.99. This is a Buy Stop order right above the resistance zone. | An exit @74.01. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.98 points, which is 3.87%. | For a 0.97% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
76.97
+0.58 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg0.76%
1 Week3.75%
2 Weeks3.15%
1 Month6.21%
3 Month21.96%
6 Month5.38%
12 Month-7.52%
2 Year-24.32%
3 Year-27.69%
5 Year-31.21%
10 Year37.75%
15 Year339.83%
Volatility
ATR(14)1.87
ATR(20)%2.52%
ATR Inc-19.75%
Range Today1.34
ADR(20)1.75
ADR(20)%2.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.96
Mansfield-0.34
10 Day High77.69
10 Day Low73.05
20 Day High79.99
20 Day Low72.53
52 Week High90.62
52 Week Low52.28
CS1 End75.71
CR1 Start76.98
Volume & EV
DER(3)-0.34%
DER(5)-0.46%
Volume9.77M
Volume Incr-19.95%
Vol(5)8.92M
Vol(50)15.95M