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Archive
- 12/13/2024 -
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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 dropped -1.64 points, or -2.08%, and closed at 77.25 on Friday, December 13, 2024. Weekly volume was -10% below 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 February 2, 2023 at 131.31 and reached 70.75 on August 5, 2024. NKE lost 60.56 points, or 46.12%, in 78 weeks. The price is now at the 10.73% retracement level.
Medium-term trend: [See NKE medium-term trend chart]
A medium-term downtrend had started on September 26, 2024 at 90.62 and reached 72.71 on November 20, 2024. NKE lost 17.91 points, or 19.76%, in 7 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See NKE weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since August 23, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See NKE short-term trend chart]
A short-term uptrend had started on November 20, 2024 at 72.71 and reached 81.18 on December 6, 2024. NKE gained -8.47 points, or -11.65%, in 16 days. The price is now at the 46.40% retracement level.
Daily Technical Indicators: [See NKE daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 21, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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