Nike Inc. (NKE) is currently testing the bottom of a significant weekly gap around the $66 level. A breakout above the $72 level could signal further strength, positioning the stock to target the $88.66 resistance. This trade setup offers an attractive risk-to-reward ratio, with a stop-loss set at $59.30 to manage downside risk.
The Relative Strength Index (RSI) for NKE was at 29.3 on March 21, 2025, indicating oversold conditions and a potential for a bounce.
Analyst sentiment remains positive, with a consensus rating of "Moderate Buy" among 32 analysts. The average 12-month price target is $87.38, indicating a potential upside of approximately 31.3% from the current price of $66.54.
This combination of technical indicators and positive analyst sentiment supports a bullish outlook for NKE, with a potential move toward the $88.66 resistance level.
The Relative Strength Index (RSI) for NKE was at 29.3 on March 21, 2025, indicating oversold conditions and a potential for a bounce.
Analyst sentiment remains positive, with a consensus rating of "Moderate Buy" among 32 analysts. The average 12-month price target is $87.38, indicating a potential upside of approximately 31.3% from the current price of $66.54.
This combination of technical indicators and positive analyst sentiment supports a bullish outlook for NKE, with a potential move toward the $88.66 resistance level.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.