NIKE INC -CL B (NKE) Stock Technical Analysis
NYSE:NKE - New York Stock Exchange, Inc. - US6541061031 - Common Stock - Currency: USD
Taking everything into account, NKE scores 1 out of 10 in our technical rating. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
86% of all other stocks performed better in the past year than NKE.
NKE is part of the Textiles, Apparel & Luxury Goods industry. There are 48 other stocks in this industry, of which 72% are performing better than NKE.
NKE is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NKE is lagging the market.
NKE has an average volume of 22008900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month NKE has a been trading in the 54.75 - 63.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NKE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for NKE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
52.73
84.78
We found 1 important support area.
- Support @53.26 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 7 important areas.
- A resistance zone ranging from 60.89 to 61.82. 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 62.86 to 63.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @71.41 from a trend line in the weekly time frame.
- Resistance @73.97 from a trend line in the weekly time frame.
- Resistance @76.98 from a trend line in the daily time frame.
- Resistance @78.89 from a horizontal line in the weekly time frame.
- Resistance @83.94 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for NKE is neutral. |
| ChartMill Relative Strength | 14.95 | NEGATIVE | NKE has a low relative strength, it was outperformed by 85.05% off all stocks 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) | 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) | 48.68 | NEUTRAL | The RSI value for NKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests NKE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.44 | NEUTRAL | The Stochastics value for NKE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for NKE suggests some volalility. |
| Average Directional Index/ADX (14) | 17.52 | NEGATIVE | The low ADX value for NKE suggests a weak or negative 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)
60.02
-1.3 (-2.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg-2.12%
1 Week-4.9%
2 Weeks2.95%
1 Month4.17%
3 Month-21.54%
6 Month-22.45%
12 Month-34.58%
2 Year-42.98%
3 Year-49.5%
5 Year-39.12%
10 Year18.07%
15 Year231.69%
Volatility
ATR(14)1.8
ATR(20)%2.87%
ATR Inc-2.76%
Range Today0.89
ADR(20)1.28
ADR(20)%2.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.95
Mansfield-2.18
10 Day High63.75
10 Day Low59.49
20 Day High63.75
20 Day Low54.75
52 Week High98.04
52 Week Low52.28
CS1 End53.26
CR1 Start60.89
Volume & EV
DER(3)4.09%
DER(5)2.76%
Volume14.28M
Volume Incr-6.13%
Vol(5)14.85M
Vol(50)22.01M