NIKE: A 40 YEAR BUYING OPPORTUNITY? (November 23, 2024)Another video on Nike stock looking at some new data suggesting further that this is a once every 40 year buying opportunity
NKED trade ideas
NIKE: One of the largest brands on this planet! BUY NOWNIKE: One of the largest brands on this planet! BUY NOW! 50% Upside Ahead
If you believe Nike is a dying company or will lose to HOKA, ON, and whoever else as the years roll on you clearly haven't studied Nike hard enough and seen the continued destruction of EVERY SINGLE brand to try and fight them...Adidas, Under Armor, Puma, New Balance, Asics, Brooks, etc. etc. etc. The LIST WILL INDEED continue.
This name is not a H5 Setup...YET. But, I'm adding it to my watchlist as we have a beautiful Inverse H&S, Sitting on a Volume Shelf, Wr% divergence, and a Hammer Candle which typically means a reversal of a downtrend. All on the weekly chart!
I believe that Value and Dividend names will be the hot ticket stocks in 2025 due to how beaten down they all are and so much treasury and high-interest savings money flowing into the markets, choosing this category of stocks to be on the safer side as that is the type.
Once we get the BULLISH Green BUY signal on the H5 Indicator, it's all over, and you will not see Nike at these levels, most likely EVER AGAIN! You all realize Nike has a large MOAT and is one of the most prolific brands on the planet, right?! Ok, good, I thought you forgot!
Will update once we get the flip to a BUY! Will begin adding in my LT portfolio now due to the value on this company at these levels right now though.
NFA
Outlook for NikeNike, Inc. (NKE) - Potential Bullish Reversal Outlook
Here’s a detailed explanation of why the illustrated outlook could be plausible, assuming Nike delivers good results in the coming years:
1. Technical Analysis
Descending Channel Breakout Potential: The stock has been trading within a descending channel for an extended period, indicating a longer-term downtrend. However, it is approaching the lower boundary of this channel, which often acts as strong support. A breakout upwards could signal a reversal.
Horizontal Support: The current price is near a significant horizontal support zone (~$74-75). This level has held multiple times in the past, suggesting strong buying interest.
Moving Averages:
Long-term moving averages (e.g., 200-month SMA) are approaching the price and may act as dynamic support.
If the stock reclaims and trades above shorter-term moving averages (50- and 100-month SMA), it would strengthen the bullish case.
Volume Patterns: Increased trading volume near support indicates heightened buyer interest, potentially signaling a rebound.
2. Fundamental Outlook
Resilience of Nike's Brand: Nike remains a market leader in athletic footwear and apparel. Continued innovation and strong brand equity should help sustain growth.
Growth in Emerging Markets: Nike's expansion in emerging markets offers significant growth opportunities due to rising disposable incomes and demand for premium brands.
Direct-to-Consumer Transition: Nike's focus on e-commerce and DTC channels is a positive shift, enhancing margins and operational efficiency.
3. Macroeconomic Conditions
Moderating inflation and recovering consumer spending could lead to increased discretionary spending on premium products like Nike's.
A stronger macro environment would also support a broader market recovery, helping Nike's stock price.
4. Potential Scenarios
Bullish Case:
Positive earnings surprises could lead to a breakout of the descending channel and start a new uptrend.
Targets align with prior resistance zones (~$100, $120, $140).
Stochastic indicators suggest oversold conditions, increasing the likelihood of a reversal.
Bearish Risk:
If $74 support fails, the next significant support is near $63. However, this seems less likely given the strong historical support at current levels.
5. Conclusion
This potential outlook reflects a combination of technical setups and long-term growth expectations. If Nike executes on its strategic initiatives (DTC growth, market expansion, and maintaining leadership) and macroeconomic conditions improve, the stock could recover and return to previous highs over the next few years. The outlined targets align with technical resistance levels, making them reasonable milestones for a multi-year bullish scenario.
NKE LongTrendline break
Support/resistance line + Confirmed
Entry 77
Stop 74
Target 85, 97
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Closing the Gap and restartingPrice will probably continue to drop heading 69$ zone where a GAP is waiting to be filled
Bottom of purple channel will be touched again and an uptrend will probably follow
Confirmation by closing over red channel
NKE Short position 20241107Trade NKE Short
Downtrend, high on the curve at a strong, fresh demand zone.
NKE D1 Long Buy Entry @ 84.10
S/L @ 70.82
T/P @ 97.32
R.R.R. @ 1/1
Pure Price Action analysis based on Breakout of target level.
Nik by Dl InvestHello community,
A little daily analysis in log scale, because I use the "Adaptive Trend Finder" and "Price Action Ultimate" indicator.
The channel is bearish.
I drew a Fibonacci retracement in log, to see if there is a golden zone.
If the theory works, we have a target around $90.62.
Nothing says that the title will rebound, change of CEO, so we can hope for change in a while.
Make your opinion, before placing an order.
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Potential Bear Flag in NikeNike has been under pressure since late 2023, and now some traders may look for bearish momentum into year-end.
The first pattern on today's chart is the price area around $88.66. The athletic-apparel stock bottomed there in September 2023 and April 2024. It peaked in the same zone last month before dropping. Has old support become new resistance?
Second is the series of higher lows since August. NKE has been pushing against that trend line recently, which may create potential for a bear-flag breakdown. The 50-day simple moving average (SMA) is in roughly the same place.
Next, NKE gapped lower after its last quarterly report on October 1. Since then, it's been unable to fill the resulting space on its chart.
Finally, the stock is slipping back below its falling 100-day SMA. The 8-day exponential moving average (EMA) has also remained below the 21-day EMA. Those signals may reflect bearishness in the long and short terms.
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Nike Support Zone: Potential Buy OpportunityIf Nike’s price returns to the green support zone, it could present a great buying opportunity. This level has shown strength before, and I believe that buyers could step back in, leading to a potential rebound from this area. Keep an eye on this zone, as it could signal a shift in momentum with the return of bullish activity.
WHY I'M BUYING NIKE STOCK IN 2025 (October 17, 2024)A video explaining why NYSE:NKE potentially has a once in a 40 year buying opportunity, & what I'm personally doing to potentially take advantage of what's next for Nike Stock!!
Nike - Catch this reversal!NYSE:NKE continues its overall uptrend despite the recent drop of -60% to the downside.
All you need in order to catch the reversal of the decade is simply one line: a support trendline. Nike is currently approaching a support trendline, which has been sending prices higher for the past 30 years. Just this fact alone makes me believe that we will see (much) higher prices on Nike over the next couple of weeks and months, but we still need bullish confirmation first!
Levels to watch: $70
Keep your long term vision,
Philip - BasicTrading
nke - just do itlong since 81$. If trend holds this would be a nice short term trade. But NKE is also highly undervalued for a long term position so 2 birds with one stone type a thing.
NKE (NIKE, Inc.) BUY TF D1 TP = 94.49On the D1 chart the trend started on Aug. 1 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 94.49
This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.”
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
Calls ideaApparently is forming a double bottom at the support. I bought some calls for 10/18, strike 84. Let's how it goes.
NKE buy gonna grab shares to hold into the new year. looks like we made a lower high and have gaps above to fill. will also grab $100c into Q4 earnings
NKE is still BULLISHNKE took a beating after missing revenues by $50M (.5%) and providing soft guidance. Yet, they continue to buy back their shares (decreasing supply). I fully expect NKE to hit $89.15 by the next Earnings reports, if not $94.10.
There's 10-15% upside within the next 3 months. Don't miss the train!
POSSIBLE BUYS ON NIKE💡 Today we analyze Nike (NKE)
Nike is a solid company in a downtrend, approaching a key resistance and the bearish trend line at $100. Breaking this barrier could signal a recovery.
1. Operational Strength: Nike leads the sports sector and its digital channel continues to grow.
2. Global Expansion: Its focus on sustainability and technology gives it an advantage.
3. Technical Opportunity: Breaking $100 would confirm a possible trend change.
4. Risks: It is crucial to wait for technical confirmation and consider external factors such as inflation and changes in consumption.
This analysis is not an investment recommendation.
Technical Analysis of Nike (NKE)Looking at Nike ’s stock on a monthly timeframe, we can clearly observe that it has been in a downtrend since November 2021, following the formation of a Double Top pattern, confirmed by the development of a Shooting Star candlestick.
The downward movement has currently paused at a support level (SUP) in the $70 area, where the stock has shown a reaction.
At the moment, the stock is trading near a crucial volume level, the Point of Control (POC). Above this level, up to $110, there are significant volumes that could make upward movement more challenging.
Bullish Scenario
For a bullish scenario, the stock needs to break above the current POC level and the descending trendline. The first target could be the resistance (RES 1) around $110.
If it successfully breaks through this resistance with strength, the second target could be the $130 area (RES 2), which has acted as both support and resistance in the past.
Bearish Scenario
However, if the stock lacks the momentum to break through the POC and the entire high-volume area up to RES 1, the downtrend could continue, with the next support (SUP1) located around the $50 area.
This analysis outlines both bullish and bearish scenarios for Nike's stock, offering a clear view of the key price levels to watch.
$NKE with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:NKE after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
Nike's Sales Drop by Nearly a Billion Dollars During the OlympicNike's shares fell for the fourth consecutive time following the financial release, but this correction was less pronounced than in previous instances. Although the Company narrowly met its revenue targets and failed to offer positive signals for the future, it appears investors believe that the primary negative factors have already been factored in. Furthermore, the new CEO has garnered a degree of "trust credit" from stakeholders. However, the true impact of the report will only become evident today.
Quarterly revenue declined by 10% y/y to $11.6 billion, slightly missing consensus forecasts but aligning with the guidance issued three months prior. Regionally, domestic and EMEA sales faced the steepest declines, dropping 11% and 12% y/y, respectively, which is much worse than a quarter ago. In contrast, sales in China, which represent 15% of total sales, declined by only 4% y/y, defying more pessimistic expectations.
This quarter marks one of the most challenging periods Nike has faced in years. The Company is witnessing a significant erosion of its market share across critical markets and segments. Apparel and footwear sales have plummeted by 11% y/y, a stark contrast to the previous quarter. Direct sales are down by 13% y/y, and wholesale segments have declined by 8% y/y. The initial signs of this downward trajectory were evident last winter, in December 2023, when a dismal financial report and earnings call led to a more than 10% plunge in share value. Yet the current situation appears even more dire, with no clear indication that the downturn has hit its lowest point. Not even the Summer Olympics, which typically boost sales through increased consumer interest in sportswear, managed to reverse this negative trend. During the recent earnings call, management acknowledged the underperformance of key initiatives like the Nike Direct and Nike Digital franchise programs, which saw a sales decline of nearly 15% y/y. The outlook remains grim, with management forecasting that this trend is likely to persist, projecting a double-digit drop in revenue for FY2025.
Profit margins remain stable despite a dip in sales. The gross margin rose by 120 basis points to reach 45.4%, aligning with management's projections. However, demand creation expenses rose by 15% y/y, reaching $1.22 billion. Meanwhile, operating profit fell by 22% to $1.26 billion, even with a slight reduction in general and administrative expenses. As a result, the EBIT margin decreased to 10.9%, reflecting a decline of 1.6 percentage points compared to the previous year.
Nike reported quarterly diluted EPS of $0.70, surpassing the consensus forecast of $0.52. A significant driver of the Company's EPS growth has been its share repurchase program. In the recent quarter alone, Nike repurchased 14.8 million shares for a total of $1.2 billion. To date, the Company has spent over $10 billion of its $18 billion share repurchase program.
Following a comprehensive analysis of the financial report, we will revise the price target accordingly.
Georgy Vashchenko, equity analyst Freedom Finance Global:
