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Apparel, Accessories & Luxury Goods Industry Stocks Technical Analysis - NKEArchive
- 1/17/2025 -
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NIKE Inc. (NKE) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the NIKE Inc. (NKE). During the week, the NKE gave back -0.36 points, or -0.51%, and closed at 70.84 on Friday, January 17, 2025. Weekly volume was 20% above average.
 Long-term trend: [See NKE long-term trend chart]
A long-term downtrend had started on February 2, 2023 at 131.31 and reached 70.32 on January 16, 2025. NKE lost 60.99 points, or 46.45%, in 102 weeks. Price is near the trend low.
Medium-term trend: [See NKE medium-term trend chart]
A medium-term downtrend had started on September 26, 2024 at 90.62 and reached 70.32 on January 16, 2025. NKE lost 20.30 points, or 22.40%, in 16 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See NKE weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since January 3, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 December 6, 2024 at 81.18 and reached 70.32 on January 16, 2025. NKE lost 10.86 points, or 13.38%, in 41 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 69.09 and resistance is at 72.04. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.
 Daily Technical Indicators: [See NKE daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since December 17, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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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 |
7 |
| Industry |
Apparel, Accessories & Luxury Goods |
83 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
72.25 |
| High Date |
01/15/2025 |
| Low |
70.32 |
| Low Date |
01/16/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Valid |
| Resistance |
72.04 |
| Support |
69.09 |
| High |
81.18 |
| High Date |
12/06/2024 |
| Low |
70.32 |
| Low Date |
01/16/2025 |
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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 |
90.62 |
| High Date |
09/26/2024 |
| Low |
70.32 |
| Low Date |
01/16/2025 |
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| Quarterly Trend |
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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 |
131.31 |
| High Date |
02/02/2023 |
| Low |
70.32 |
| Low Date |
01/16/2025 |
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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 |
70.32 |
| Low Date |
01/16/2025 |
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