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NIKE INC.
NIKE INC.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: NKE
ISIN:

NIKE INC. - Daily - Technical analysis published on 06/06/2022 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 125.80 USD
My targets
117.27 USD (-2.46%)
102.29 USD (-14.92%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 125.80 USD remains possible. It is advisable to trade NIKE INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 125.80 USD. The next bearish objective for sellers is set at 117.27 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 102.29 USD. In case of crossing, the next objective would be the support located at 82.55 USD. PS: if there is a bullish break in the resistance located at 125.80 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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15 min. 1H Weekly

Additional analysis

Quotes

The NIKE INC. price is 120.23 USD. On the day, this instrument lost -0.60% and was between 119.43 USD and 122.14 USD. This implies that the price is at +0.67% from its lowest and at -1.56% from its highest.

119.43
122.14
120.23

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this NIKE INC. chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily



The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 82.55 102.29 117.27 120.23 125.80 145.23 156.22
Change (%) -31.34% -14.92% -2.46% - +4.63% +20.79% +29.93%
Change -37.68 -17.94 -2.96 - +5.57 +25.00 +35.99
Level Major Major Major - Major Major Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard116.35117.89119.06120.60121.77123.31124.48
Camarilla119.49119.73119.98120.23120.48120.73120.98
Woodie116.17117.80118.88120.51121.59123.22124.30
Fibonacci117.89118.93119.57120.60121.64122.28123.31


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard106.54110.35115.65119.46124.76128.57133.87
Camarilla118.45119.28120.12120.95121.79122.62123.46
Woodie107.29110.72116.40119.83125.51128.94134.62
Fibonacci110.35113.83115.98119.46122.94125.09128.57


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard83.1993.20105.87115.88128.55138.56151.23
Camarilla112.31114.39116.47118.55120.63122.71124.79
Woodie84.5393.87107.21116.55129.89139.23152.57
Fibonacci93.20101.86107.21115.88124.54129.89138.56

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): 54.75
MACD (12,26,9): -0.3800
Directional Movement: 4.94
AROON (14): 35.71
DEMA (21): 114.63
Parabolic SAR (0,02-0,02-0,2): 107.87
Elder Ray (13): 4.38
Super Trend (3,10): 108.19
Zig ZAG (10): 120.23
VORTEX (21): 0.9200
Stochastique (14,3,5): 90.82
TEMA (21): 117.54
Williams %R (14): -15.15
Chande Momentum Oscillator (20): 11.13
Repulse (5,40,3): 1.7200
ROCnROLL: -1
TRIX (15,9): -0.3300
Courbe Coppock: 12.94
MA7: 118.51
MA20: 112.60
MA50: 122.37
MA100: 130.10
MAexp7: 118.29
MAexp20: 116.29
MAexp50: 121.11
MAexp100: 129.47
Price / MA7: +1.45%
Price / MA20: +6.78%
Price / MA50: -1.75%
Price / MA100: -7.59%
Price / MAexp7: +1.64%
Price / MAexp20: +3.39%
Price / MAexp50: -0.73%
Price / MAexp100: -7.14%

Quotes : - 15 min delayed data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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