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Apparel, Accessories & Luxury Goods Industry Stocks Technical Analysis - NKEArchive
- 6/18/2026 -
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NIKE Inc. (NKE) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a second consecutive positive week for the NIKE Inc. (NKE). During the week, the NKE climbed 0.27 points, or 0.60%, and closed at 45.20 on Thursday, June 18, 2026. Weekly volume was 20% above average.
NKE is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See NKE long-term trend chart]
A long-term downtrend had started on August 25, 2025 at 80.17 and reached 41.35 on May 18, 2026. NKE lost 38.82 points, or 48.42%, in 38 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 37.87 and resistance is at 60.71. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See NKE medium-term trend chart]
A medium-term uptrend had started on May 18, 2026 at 41.35 and reached 47.65 on May 28, 2026. NKE gained -6.30 points, or -15.24%, in 1 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See NKE weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
 Short-term trend: [See NKE short-term trend chart]
A short-term downtrend had started on May 28, 2026 at 47.65 and reached 42.65 on June 8, 2026. NKE lost 5.00 points, or 10.49%, in 11 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 44.38 and resistance is at 45.82. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a short-term trend.
 Daily Technical Indicators: [See NKE daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since June 8, 2026. The distance between MACD and the signal line is low and getting smaller.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
8 |
| Industry |
Apparel, Accessories & Luxury Goods |
40 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
42.65 |
| Low Date |
06/08/2026 |
| High |
46.31 |
| High Date |
06/12/2026 |
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| Weekly Trend |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Valid |
| Resistance |
45.82 |
| Support |
44.38 |
| High |
47.65 |
| High Date |
05/28/2026 |
| Low |
42.65 |
| Low Date |
06/08/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
41.35 |
| Low Date |
05/18/2026 |
| High |
47.65 |
| High Date |
05/28/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
60.71 |
| Support |
37.87 |
| High |
80.17 |
| High Date |
08/25/2025 |
| Low |
41.35 |
| Low Date |
05/18/2026 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
179.10 |
| High Date |
11/05/2021 |
| Low |
41.35 |
| Low Date |
05/18/2026 |
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