NIKE INC. - 1H - Technical analysis published on 09/14/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 116.80 USD
My targets
121.32 USD (+1.93%)
124.64 USD (+4.72%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NIKE INC. as long as the price remains well above 116.80 USD. The buyers” bullish objective is set at 121.32 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 124.64 USD. If there is any crossing, the next objective would be the resistance located at 130.03 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NIKE INC. price is 119.02 USD. The price has increased by +0.86% since the last closing and was between 118.33 USD and 119.93 USD. This implies that the price is at +0.58% from its lowest and at -0.76% from its highest.118.33
119.93
119.02
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NIKE INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 107.20 | 110.37 | 116.80 | 119.02 | 119.25 |
| Change (%) | -9.93% | -7.27% | -1.87% | - | +0.19% |
| Change | -11.82 | -8.65 | -2.22 | - | +0.23 |
| Level | Intermediate | Major | Intermediate | - | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 113.70 | 115.06 | 116.53 | 117.89 | 119.36 | 120.72 | 122.19 |
| Camarilla | 117.22 | 117.48 | 117.74 | 118.00 | 118.26 | 118.52 | 118.78 |
| Woodie | 113.76 | 115.09 | 116.59 | 117.92 | 119.42 | 120.75 | 122.25 |
| Fibonacci | 115.06 | 116.14 | 116.81 | 117.89 | 118.97 | 119.64 | 120.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.90 | 107.22 | 112.61 | 115.93 | 121.32 | 124.64 | 130.03 |
| Camarilla | 115.61 | 116.40 | 117.20 | 118.00 | 118.80 | 119.60 | 120.40 |
| Woodie | 104.94 | 107.74 | 113.65 | 116.45 | 122.36 | 125.16 | 131.07 |
| Fibonacci | 107.22 | 110.55 | 112.60 | 115.93 | 119.26 | 121.31 | 124.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.92 | 90.63 | 101.26 | 106.96 | 117.60 | 123.30 | 133.93 |
| Camarilla | 107.40 | 108.90 | 110.39 | 111.89 | 113.39 | 114.89 | 116.38 |
| Woodie | 87.38 | 91.86 | 103.72 | 108.20 | 120.06 | 124.53 | 136.40 |
| Fibonacci | 90.63 | 96.87 | 100.72 | 106.96 | 113.21 | 117.06 | 123.30 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 62.48 | |
| MACD (12,26,9): | 1.2000 | |
| Directional Movement: | 19.68 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 118.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 115.71 | |
| Elder Ray (13): | 1.09 | |
| Super Trend (3,10): | 115.37 | |
| Zig ZAG (10): | 119.09 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 86.77 | |
| TEMA (21): | 119.19 | |
| Williams %R (14): | -18.54 | |
| Chande Momentum Oscillator (20): | 3.08 | |
| Repulse (5,40,3): | -0.5300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 4.61 |
| MA7: | 114.93 | |
| MA20: | 112.13 | |
| MA50: | 104.29 | |
| MA100: | 99.34 | |
| MAexp7: | 118.44 | |
| MAexp20: | 116.97 | |
| MAexp50: | 115.29 | |
| MAexp100: | 113.24 | |
| Price / MA7: | +3.56% | |
| Price / MA20: | +6.14% | |
| Price / MA50: | +14.12% | |
| Price / MA100: | +19.81% | |
| Price / MAexp7: | +0.49% | |
| Price / MAexp20: | +1.75% | |
| Price / MAexp50: | +3.24% | |
| Price / MAexp100: | +5.10% |
Quotes :
2020-09-14 15:36:31
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15 min delayed data
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NYSE Stocks
News
Don"t forget to follow the news on NIKE INC.. At the time of publication of this analysis, the latest news was as follows:
- Should you invest in NortonLifeLock, Nike, JinkoSolar, SAGE Therapeutics, or Microsoft?
- NIKE, Inc. Announces First Quarter Fiscal 2021 Earnings and Conference Call
- NIKE, Inc. Declares $0.245 Quarterly Dividend
- Nike Announces Senior Leadership Changes to Unlock Future Growth Through the Consumer Direct Acceleration
- NIKE, Inc. Reports Fiscal 2020 Fourth Quarter and Full Year Results
This member declared not having a position on this financial instrument or a related financial instrument.
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