US6541061031 - Common Stock
We assign a technical rating of 7 out of 10 to NKE. In the last year, NKE was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
NKE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 128.5. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 124.53, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NKE in the last couple of days, which is a good sign.
Given the decent technical rating and the setup score, we can suggest the following trade.
|An entry @128.87. This is a Buy Stop order right above the resistance zone.||An exit @124.24. This is a Stop Loss order right below the support zone.||The worst case loss on the trade is limited to 4.63 points, which is 3.59%.||For a 0.90% total portfolio risk, you can invest 25.00% of your capital in this trade.|
NYSE:NKE (1/27/2023, 1:46:09 PM)+0.45 (+0.35%)
|GICS Sector||Consumer Discretionary|
|GICS Industry||Textiles, Apparel & Luxury Goods|
|2 Weeks||-0.32%||1 Month||8.48%|
|3 Month||35.92%||6 Month||10.97%|
|ATR Inc||-26.08%||Range Today||1.3|
|ST Trend||LT Trend|
|10 Day High||129.23||10 Day Low||112.36|
|20 Day High||129.23||20 Day Low||112.36|
|52 Week High||149.68||52 Week Low||82.22|
|CS1 End||124.53||CR1 Start||128.5|
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