NKE
Ready for tomorrow? NKE prediction for the next few days This is not financial and I barely, if at all, know what I am doing. But, please follow if you like my predictions.
I thought I would chart NKE because Cramer talked about it the other day and it's fun to watch his inverses. He said Nike was a good buy at the end of last week.
I figured with an economy that is in a recession (not technically), inflation out of control, supply issues, and Covid over in China that this would be a good opportunity to predict a severe downtrend.
There really isn't much in the chart that needs to be stated. The trend is really bad. It is on a steep downtrend and I am expecting a much more serious dip before the middle of July.
The only support I see in the long run is at about $95. If it breaks $95 then I could see an even stronger dip to $65. The last time it was at this level was in 2020. It is already making new lows.
$NKE Analysis, Key levels & Targets$NKE Analysis, Key levels & Targets
Just an observation that since 1989, the 100EMA has been a consistent support for NKE. That would take it to 90.14 today, but that number might be different when it actually crosses…
I have my alerts set…
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
$NKE Iron Condor IdeaAfter being struck down -7% post ER and general weak market, I like the idea of selling puts on NKE via an Iron Condor (bull put spread and bear call spread).
With a demand zone 95-100 area, I opened 2x position 100/95p bull spread and 1x position 125/130c bear spreads with another 1x to be added on next green week ( assuming we get one) to capture better call premium .
Opex a few months out will give this trade idea time to work and capture more premium.
If you're more bearish than I on this name, an idea would be to adjust the calls closer to the underlying , say 110/115, however after today's purge I favor the probability on the upside hence the 2x put spread
Iron condors are nice because you can adjust the position as the stock moves (adding more legs, etc. ) with the trade making max profit if Nike is between 100 and 125 in the coming months.
Cheers
NKELooks like we may be retracing from the previous C wave. Sell volume decreasing on the last two candles with some bull volume coming in on the current candle. RSI is in oversold territory on the weekly, daily, and 8 hour. Current candle is a flat bottom so far. MacD may also be losing momentum. The current candle has formed bullish right after an indecision candle at a support area. Strong wickage at this level looking back towards May 12th. Looking to see if we can retrace 1 to 80% of previous high a month or more out. Let's see what happens! Might be a good idea to wait until next week. The market been green the last two days.
What do you think? Let's have a great day!
NKE triggers SHORT opportunityNKE has settled below support with confirmation and is offering a decent risk/reward ratio @ entry.
This trade idea is trend favoring. I've detailed my ideal entry, stop loss and targeted areas on the chart.
I've also updated support and resistance structures for your reference. Wishing you a blessed and profitable week ahead!
Nike sitting on 20-year support lineJust an observation: Nike (NKE) is currently sitting on the Fibonacci Bollinger Band (FBB) plot line that has generally acted as support for the past 20 years. The weekly candles are printing long lower wicks which could suggest a bullish reversal is building along this line. The yearly chart is not overextended and fitting perfectly on multiple linear log trend lines that stretch back decades. Seems like a warning to those who are selling or shorting Nike at this level. Anyone feel differently?
Not financial advice.
Nike (NYSE: $NKE) Sprinting Toward Golden Pocket! 🏃NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team, and league logos, as well as sells sports apparel. In addition, the company sells a line of performance equipment and accessories comprising bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment for sports activities; and various plastic products to other manufacturers. Further, it provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. Additionally, the company licenses agreements that permit unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. It sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; and other retail accounts through NIKE-owned retail stores, digital platforms, independent distributors, licensees, and sales representatives. The company was formerly known as Blue Ribbon Sports, Inc. and changed its name to NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.
Grab A Pair of Nike’s For A Friendly Game Of…Grab A Pair of Nike’s For A Friendly Game Of…
...head shoulders knees and toes!
I’ve identified a head and shoulders pattern on Nike’s (NKE) weekly chart.
My plan is to swing put option contracts on NKE. The measurement from the neck to the head is approximately 55.69 ticks. Therefore, the maximum price move to the downside is 62.99.
On another note, I was looking at Nike’s trend going back to 2016 and identified several bullish patterns along the way that made me smile with glee. I like this stock and will pay attention to it more than I have in the past.
*This is not financial advice.
“Check” your head and shoulders,
Al
NIKE (NKE) looking BearishPotential short trade set up for NKE.
Disclaimer: All content has only educational and informational purposes, and never should be used or take it as financial advice.
NKE Bullish for Weekly Trade: Expect to clsoe above 122.68NKE has remained within our internal trading parameters. After assessing the past six weeks our probability is pushing out greater than 90% of closing above the 122.68 by end of the week.
Therefore, we are bullish in short term sentiment. Bullish target could be the 129 area, but remaining above the 122.68 is the overall target.
End of the week is the key; however, profits can always be taken earlier and expiration dates (if trading options) can be extended out.
$TJX TJ MAXX ultra bull order flow tjx weekly 65 call .20 NO STAWP.. follow da money
side note: whats bad for designer is good for thrift
Nike Running Away?Nike
Short Term - We look to Sell at 136.07 (stop at 140.63)
Bespoke resistance is located at 140.00. Posted a Bearish Outside candle on the Daily chart. The bias is still for lower levels and we look for any gains to be limited. The primary trend remains bearish. Daily signals are bearish.
Our profit targets will be 119.93 and 111.01
Resistance: 140.00 / 155.00 / 160.00
Support: 125.00 / 120.00 / 100.00
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NIKE (NKE) long opportunityNKE Potential for Bullish Bounce.
Good setup, Trend inversion, Inverting the Bearish trendline, now creating an ascending Bullish Channel.
Disclaimer: All content has only educational and informational purposes, and never should be used or take it as financial advice.
Major BULLISH signal (NKE)NKE offers a good buying opportunity.
The retracement seems to be complete and the stock is ready for another leg up.
My goal : $136
Disclaimer: All content has only educational and informational purposes, and never should be used or take it as financial advice.
$NKE buy the dip?$NKE been trending down for the past few months or so possibly because of the pandemic making all the shops temporarily close down all over the world..
as of for earning NKE has been good with ok projecting guidance.
also there's a lot of flow calls coming in for NKE.
below is my ideal entry for day trading or scalp play. $NKE average move per day is about $3.00+ a day.
AAPL: Day trade or scalp target play: 04/11/22
Buy call above 135.60 sell at 137.61 or above.
Buy puts below 131.11 sell at 128.78 or below.
option open interest: ideal expiration date: 5/20/22 , 4/29/22 or 09/16/22
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
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NIKE Trade IdeaNike has a nice divergence with the 8 and 21 ema which means if it can squeeze over resistance line of $133.46 or the 50-day ma then this thing could possibly fly into the next resistance line of $139.04. I will be watching Nike this week to see if we can make a few bucks here.
$NKE Head & Shoulder PatternNike ($NKE) on the daily looks to be forming a left shoulder to complete a head and shoulders pattern.
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Nike (NYSE: $NKE) Running On Earning's Beat! 👟NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team, and league logos, as well as sells sports apparel. In addition, the company sells a line of performance equipment and accessories comprising bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment for sports activities; and various plastic products to other manufacturers. Further, it provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. Additionally, the company licenses agreements that permit unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. It sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; and other retail accounts through NIKE-owned retail stores, digital platforms, independent distributors, licensees, and sales representatives. The company was formerly known as Blue Ribbon Sports, Inc. and changed its name to NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.
Nike. Its just doint it. NKEImmediate targets 154, 159, 163.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NIKE ABC CORRECTIONMarket just finished 1-5 Elliot wave and started going down, we are waiting for it to bounce off of a 50% fib zone, retrace to a trend and go down to our demand zone, where we should enter the market for a long position and expect retrace to 50% fib zone of downwards movement.
AROON: Shows gain in a bearish momentum so it means we should hit our 50% fib zone
Supply/demand zone: Shows strong demand zone at 79$ zone where we should get our entry
entry: 79
invalidation: 48 (I will not be putting invalidation on my trade because Nike is on of the industry's giants and we should see rise in price in a long term.)
target: 118
Looking down the road for a NKE reversalI hate talking about water under the bridge, but this time I will bring up the case of NKE. What I am disgruntled about is that I I didn't head my own (documented) thoughts on NKE that I had posted on Jan 19:
Depending on how you look at it, there has been 4 times that puts below 144 would have worked out wonderfully. The time, I thought I push to 135 would hold as support but that has proved wrong. I hate to chase so I am looking forward to a reversal. I do want to point out a possible future long....
**__Price History: __**
**YTD** -24%
**1 Month** -14%
**3 Month** -26%
**6 Month** -23.5%
**1 Year** -7%
**5 Year** +121%
+01% off 52 week low
-30% off 52 week high
Recently a gap was filled - previously created in June 21' and fully filled Feb 21'
Dividends are here! Historically over the past year NKE has seen a sell off proceeding ex-dividend periods. I won't speak too much on this outside this isolated observation - MM hedging around this period can make the options chain hard to read.
Ex-Div. Date Amount Type Yield Change Rec. Date Pay. Date
3/4/2022 $0.305 Quarter 0.9% N/A 3/7/2022 4/1/2022
**__Indicators__** - 3 Day Chart
**Moving Averages**
Easily summed up as trading below all MA's, the 12/26 EMA, 50/200 SMA, and 9 HMA
The most import to note is the break of the current 3 Day candle below the 200 SMA. A failure to recapture the 200 SMA by the close of this candle could set up NKE for further selling pressure before earnings.
**RSI** Showing signs of being oversold on its current candle and has been hovering right above oversold for over 30 days now - no divergence present currently
**SO** Shows oversold conditions since early Jan 21' and the break below its 50 SMA. The SO remained relatively the same since.
**QQE** Shows momentum to the downside. When compared to the ATR and RSI, the QQE makes sense in this case. There are very little signs of a momentum shift that is imminent.
**ATR** Specifically the decomposed ATR we see that the stock (recently) has had increasingly bearish range with decreasing bullish range - there is no divergence apparent (yet). 1 year ago NKE was trading at SIMILIAR price levels with about less $2 of bearish price movement as compared to today. The important thing to note here is that there seems to be compounded bearish pressure present causing additional volatility on red days.
**OBV** Tracking price closely with no signs of major divergence, although the OBV is declining telling us that volume on down days is getting stronger - thus influencing the ATR (IMO)
**__Thoughts on Price Momentum and Direction__**
**Candles**
The 1 month chart shows a current candle that has opened below and trading below the open of the June 2021 monthly candle - I would look for 122.44 to act as support if bearish momentum continues. This is a level that a reversal could be looked for. Any CLOSE of the March monthly candle below 122 would make me feel like the selling pressure would continue. The 50 MA on the monthly chart could also be used as a level of (possible) support. $122(+-
The 3 day chart shows a current candle with 1 more trading day left - Bulls would want this to close above 128 ( Local Support from 1 year ago) and bears would obviously want to close the candle below - again, closing below $122 would indicate continued selling pressure. Since the gap is filled, the biggest highlight here is holding support (122) or not.
**Earnings**
Historically, NKE has had a beat on earnings for the past 6 reporting periods. EPS reporting turned $0.90, $0.93, $1.16, $0.83 were reported period ending Feb 21, May 21', Aug 21', and Nov 21' respectively. Although the Nov 21' earnings beat, it was down from Aug 21. Estimates now show $0.72, a slightly higher bar than Novembers' expectations but down from what was reported. This to me just says that analysts are expecting the effects of COVID, the labor market, and overall transportation costs to weigh heavily on NKE's earnings. It is also important to note that no dilution has occurred in the last year.
**Insiders**
According to **__Fintel: __**
Shares Outstanding 1,581,295,273 shares
Insider Shares 251,328,587 shares
Insider Ownership 15.89%
Total Insiders 48
"**Insider Accumulation Score**
According to Fintel:
"The Insider Accumulation Score is the result of a sophisticated, multi-factor quantitative model that identifies companies with the highest levels of insider accumulation. The scoring model uses a combination of the the net number of insiders buying the prior 90 days, the total shares bought as a percentage of float, and the total shares owned by insiders. The number ranges from 0 to 100, with higher numbers indicating a higher level of accumulation to its peers, and 50 being the average."
Score: 8.88 (12942 of 13931) - as reference the top rated ticker REFI has a score of 99%+
Although higher insider ownership typically signals more confidence in a company's outlook and ownership in its shares. The more insiders that hold shares the more they would be (in theory) incentivized to do good for the company and help increase its profitability and shareholder value.
**Net Number of Insiders Buying (Rank)**
-3 (3.38%)
13784 out of 14266
Net Number of Insiders Buying is the total number of insiders buying minus the total number of insiders selling in the last 90 days. The percentile rank is shown here (range from 0 to 100%).
**Options**
TOTAL OI -527K
Call 272K Put 255K
P/C RATIO - 0.94
Most significant chain activity on 3/7/22 :
The 3/25/2022 strike P $135.00 had a previous day volume of 930, OI of 1,583 and a current OI of 2,243 for a overall charge of +660 (+41.69%)
The 3/18/2022 strike P $125.00 had a previous day volume of 1,376, OI of 3,655, and a current OI of 4,309 for an overall change of +654 (+17.89%)
Top 10 chains by OI
**Chain Bid-Ask Low-High Vol OI**
3/18/2022 C $160.00 $0.00-$0.03 $0.02-$0.06 24 23,946
3/18/2022 P $160.00 $35.25-$35.90 $34.90-$35.70 25 18,805
1/20/2023 C $180.00 $2.35-$2.73 $2.40-$3.25 108 11,596
3/18/2022 C $150.00 $0.03-$0.04 $0.03-$0.15 1,220 11,313
1/20/2023 C $165.00 $4.10-$4.40 $4.10-$5.00 17 11,107
3/18/2022 C $140.00 $0.14-$0.21 $0.19-$0.72 267 10,462
6/17/2022 C $125.00 $10.00-$10.40 $9.85-$10.40 217 10,433
3/18/2022 P $140.00 $15.40-$15.90 $9.60-$16.02 123 10,040
3/18/2022 C $155.00 $0.01-$0.02 $0.02-$0.08 58 8,876
3/18/2022 P $150.00 $25.00-$25.95 $21.07-$25.30 22 7,218
What is important to note here is the $160 Puts and Calls holding the highest OI - premium heavily favoring the Put side.
**__Further Observations__**
I see NKE continuing its downward trend to test 122. This is a critical level that could start to form support in order for a reversal. An official reversal to me would come with a 3Day candle closing opening above 122 and a close above 135-137. On the monthly, to be more conservative, confirmation would come with a candle close above $150. The QQE on the monthly chart has just flipped (negative) showing (again) bearish momentum - this I do not like if I were to look for a long position too close to the (assumed) $122 support level. I do think, with the right patience, a comfortable long could be taken at confirmation of reversal (early at 135, late at 150) to test ATH's again (179.10). This could equate to a 20-30% gain in full - this is what I will be targeting.
**__NFA Disclaimer__**
This is NOT FINANCIAL ADVISE. These are my own unique opinions based on MY observations and MY experience. I only wish to document and share my thoughts on NKE. DO NOT take this is as a buy or sell signal, you must manage and take responsibility for 100% of your own trades.
Elliott Wave View: Nike (NKE) At Potential Support AreaSince bottoming on March 18, 2020 low, Nike (NKE) rallied as a 5 waves into $179.10 which ended wave I on November 5, 2021 peak. Since then, the stock has corrected the cycle from March 2020 low within wave II. According to the 1 hour chart below, wave II pullback is complete at $137.41. The internal subdivision of wave II unfolded as a zigzag structure. Down from wave I, wave ((A)) ended at $155.47, rally in wave ((B)) ended at $171.19, and wave ((C)) ended at $137.41.
The stock has started to turn higher in wave III although it still needs to break above wave I at $179.10 to rule out a double correction. Up from wave II, wave 1 ended at $143.21 and pullback in wave 2 ended at $140.74. The stock resumes higher in wave 3 towards $146.32, pullback in wave 4 ended at $144.57. Expect the stock to rally 1 more leg higher to end wave 5 of (1). Afterwards, it should pullback in wave (2) to correct cycle from February 14 low before the rally resumes. Near term, as far as pivot at 137.41 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
