NIKE INC. - 1H - Technical analysis published on 09/03/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 165.59 USD
My targets
162.58 USD (-0.73%)
157.87 USD (-3.61%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NIKE INC. as long as the price remains well below 165.59 USD. The sellers' bearish objective is set at 162.58 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 157.87 USD. In case of crossing, the next objective would be the support located at 147.05 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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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. rating is 163.78 USD. The price has increased by +0.07% since the last closing and was traded between 162.22 USD and 163.83 USD over the period. The price is currently at +0.96% from its lowest and -0.03% from its highest.162.22
163.83
163.78
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NIKE INC. indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 5 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 147.05 | 157.87 | 162.58 | 163.78 | 164.35 | 165.59 | 168.80 |
| Change (%) | -10.21% | -3.61% | -0.73% | - | +0.35% | +1.11% | +3.07% |
| Change | -16.73 | -5.91 | -1.20 | - | +0.57 | +1.81 | +5.02 |
| Level | Major | Minor | Intermediate | - | Intermediate | 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 | 159.86 | 161.32 | 162.50 | 163.96 | 165.14 | 166.60 | 167.78 |
| Camarilla | 162.94 | 163.19 | 163.43 | 163.67 | 163.91 | 164.15 | 164.40 |
| Woodie | 159.71 | 161.25 | 162.35 | 163.89 | 164.99 | 166.53 | 167.63 |
| Fibonacci | 161.32 | 162.33 | 162.96 | 163.96 | 164.97 | 165.60 | 166.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 160.89 | 163.44 | 165.51 | 168.06 | 170.13 | 172.68 | 174.75 |
| Camarilla | 166.31 | 166.73 | 167.16 | 167.58 | 168.00 | 168.43 | 168.85 |
| Woodie | 160.65 | 163.32 | 165.27 | 167.94 | 169.89 | 172.56 | 174.51 |
| Fibonacci | 163.44 | 165.21 | 166.30 | 168.06 | 169.83 | 170.92 | 172.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 151.19 | 157.64 | 161.19 | 167.64 | 171.19 | 177.64 | 181.19 |
| Camarilla | 161.99 | 162.91 | 163.82 | 164.74 | 165.66 | 166.57 | 167.49 |
| Woodie | 149.74 | 156.92 | 159.74 | 166.92 | 169.74 | 176.92 | 179.74 |
| Fibonacci | 157.64 | 161.46 | 163.82 | 167.64 | 171.46 | 173.82 | 177.64 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.24 | |
| MACD (12,26,9): | -0.8800 | |
| Directional Movement: | -20.11 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 163.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 163.95 | |
| Elder Ray (13): | -0.86 | |
| Super Trend (3,10): | 165.53 | |
| Zig ZAG (10): | 163.57 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 24.68 | |
| TEMA (21): | 163.09 | |
| Williams %R (14): | -61.25 | |
| Chande Momentum Oscillator (20): | -1.48 | |
| Repulse (5,40,3): | 0.4300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 1.86 |
| MA7: | 165.50 | |
| MA20: | 168.38 | |
| MA50: | 164.79 | |
| MA100: | 148.68 | |
| MAexp7: | 163.54 | |
| MAexp20: | 164.38 | |
| MAexp50: | 165.81 | |
| MAexp100: | 166.97 | |
| Price / MA7: | -1.04% | |
| Price / MA20: | -2.73% | |
| Price / MA50: | -0.61% | |
| Price / MA100: | +10.16% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | -0.37% | |
| Price / MAexp50: | -1.22% | |
| Price / MAexp100: | -1.91% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on NIKE INC. at the time of the analysis were as follows:
- Woman From Elkton, Kentucky Featured In Latest Episode Of Small-Town Sneakerhead Series From Hibbett, Nike And Nice Kicks
- NIKE, Inc. Announces First Quarter Fiscal 2022 Earnings and Conference Call
- Nordstrom to Provide 25,000 Pairs of Brand-New Nike Sneakers to Kids in Need
- NIKE, Inc. Declares $0.275 Quarterly Dividend
- Thinking about trading options or stock in Santander Consumer USA, Cerence, Tiziana Life Sciences, Lennar Corp, or Nike?
This member declared not having a position on this financial instrument or a related financial instrument.
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