NIKE INC -CL B (NKE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NKE - US6541061031 - Common Stock
We assign a technical rating of 1 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.
Although the technical rating is bad, NKE does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 67.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 65.30, a Stop Loss order could be placed below this zone.
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55.84
4 important support areas can be observed.
- A support zone ranging from 64.85 to 65.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 63.46 to 63.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 58.70 to 59.79. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 56.40 to 57.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 67.47 to 67.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @69.68 from a horizontal line in the daily time frame.
- Resistance @71.39 from a trend line in the weekly time frame.
- Resistance @73.67 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 | NEUTRAL | NEUTRAL | The short term trend for NKE is neutral. |
| ChartMill Relative Strength | 26.55 | NEGATIVE | NKE has a low relative strength, it was outperformed by 73.45% 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 | MIXED | The current price of NKE is above 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) | 56.78 | NEUTRAL | The RSI value for NKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.51 | POSITIVE | The MACD value suggests NKE has a positive trend. |
| Stochastics (14,3) | 79.45 | NEUTRAL | The Stochastics value for NKE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for NKE suggests some volalility. |
| Average Directional Index/ADX (14) | 17.16 | NEGATIVE | The low ADX value for NKE suggests a weak or negative trend. |
65.92
+0.66 (+1.01%)
NIKE INC -CL B / NKE FAQ
What is the technical rating for NKE stock?
ChartMill assigns a technical rating of 1 / 10 to NKE.
Can you provide the trend direction for NIKE INC -CL B?
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 56.7849. This indicates that the stock is currently neutral.
What is the MACD signal for NIKE INC -CL B (NKE) stock?
The MACD indicator for NIKE INC -CL B (NKE) has a value of 0.512421, indicating a bearish trend.