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NIKE INC

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NKE trade ideas

Buying Nike at trend of higher lows.Nike - 30d expiry - We look to Buy at 104.54 (stop at 100.74) The trend of higher lows is located at 104.50. The primary trend remains bullish. This is currently an actively traded stock. This stock has seen good sales growth. Dips continue to attract buyers. Our profit targets will be 114.04 and 116.04 Resistance: 110.85 / 114.76 / 117.00 Support: 107.00 / 105.00 / 102.90 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYSE:NKELong
by VantageMarkets
Nike's (NKE:NYSE) Q4 Results Highlight Persistent ChallengesIntroduction: Nike's Q4 results reveal that the company continues to face challenges, indicating a potential revision of their long-term sales growth target. Despite notable successes in certain regions, caution remains regarding the company's future growth prospects, particularly in the highly competitive Greater China market. Challenges in Overcoming Obstacles: Nike's Q4 results suggest that the company is still grappling with obstacles. The need for a potential revision of their long-term sales growth target highlights ongoing challenges in achieving desired growth rates. It indicates the necessity for strategic adjustments to navigate market dynamics effectively. Unchanged Inventory Value and Reliance on Promotions: Nike's inventory value has remained unchanged compared to the previous year, indicating a stagnant stock situation. To clear excess inventory, the company has relied on promotional efforts, which are expected to continue into FY24. This reliance on promotions suggests a need for continued efforts to optimize inventory management and drive sustainable sales growth. Cautious Outlook for Greater China: While Nike achieved significant revenue growth of 25% in the Greater China region, caution persists regarding future growth prospects. Mounting competition in the region raises concerns about Nike's ability to maintain its market position and sustain growth in the face of intensified competition from local and international rivals. Strategic measures will be crucial to secure a competitive edge and capture market share effectively. Conclusion: Nike's Q4 results indicate that the company continues to grapple with challenges, prompting a potential revision of their long-term sales growth target. The stagnant inventory value and reliance on promotional activities reflect the need for continued efforts to optimize inventory management and drive sustainable sales growth. While Nike achieved impressive revenue growth in Greater China, caution remains due to mounting competition. As Nike navigates these challenges, strategic adjustments and a focus on market dynamics will be essential for securing future growth and maintaining a competitive position in the highly competitive athletic apparel industry. This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.
NYSE:NKE
by CapitalMarketsEliteGroup
Nike Fails at Potentially Key LevelNike has lagged the broader market this year. Some traders may see an opportunity to push the downside, especially with weak quarterly results and slowing growth in China. The first pattern on today’s chart is the 200-day simple moving average (SMA), which the footwear stock broke in mid-May. It tried and failed to reclaim it last month – a potential sign of the longer-term trend getting bearish. In a similar vein, the 50-day SMA is nearing a potential “death cross” below the 200-day SMA. Next, you have two sets of lower highs. One occurred between early February and early May. The other occurred in the second half of June. Such price action can be indicative of downtrends. Third, last month’s high was below the $116 area where NKE bounced in mid-March. Has old support become new resistance? The recent peak additionally brought stochastics to an overbought condition. Next, the 8-day exponential moving average (EMA) recently crossed below the 21-day EMA. That may suggest the short-term trend is bearish. Finally, traders may target a price level near the October low of $82.22. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:NKE
by TradeStation
NKE - BEARISH SCENARIOAlthough Nike's projection of more favorable transportation costs and strong full-price sell-through of merchandise indicates positive signs for margin performance, there are concerns about the company's expectations regarding selling, general, and administrative expenses. These expenses, including marketing spend, are anticipated to rise slightly faster than revenue as Nike invests in driving demand prior to key sporting events. Being a global brand with $51 billion in annual revenue, Nike is susceptible to economic softness in the global market. Weak demand in Europe limited the company's growth to single-digit increases in that region. Furthermore, apparel sales in North America experienced a decline of 2% during the quarter, indicating weakness in its domestic market. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:NKEShort
by legacyFXofficial
NKE NIKE Options Ahead of EarningsIf you haven`t sold NKE here: or reentered here: Then you should know that NKE is currently trading at $109.52, and based on the following analyst ratings, there is a slightly bullish sentiment surrounding the stock. Barclays has maintained a Buy rating on Nike, setting a price target of $127.00. Additionally, Goldman Sachs also maintained a Buy rating on the stock, with a higher price target of $144.00. Furthermore, Wedbush recently raised NIKE's Q4 2023 earnings estimates to $0.73 EPS, indicating positive growth compared to the previous estimate of $0.69. These analyst ratings and revised earnings estimates suggest a slightly positive outlook for NKE. Now Analyzing the options chain of NKE NIKE prior to the earnings report this week, I would consider purchasing the 110usd strike price Calls with an expiration date of 9/15/2023, for a premium of approximately $6.55. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:NKELong
by TopgOptions
2
Nike Stock Price Fall by 4%. What Does This Mean?Yesterday, NKE's share price closed above USD 113, but trading today could open below USD 109 per Nike share. The reason is in the weak report released by the company. Analysts note a drop in demand for products, which may mean a "wake-up call" for consumption in the US economy, squeezed by tight monetary policy. According to finance professor Jeremy Siegel, "it's hard to see a lot of upside catalysts for the market in the second half of this year." The AI-driven rally is no guarantee that the US economy, which is made up of more than just tech companies, will not slip into recession. The NKE stock chart shows that the price today will fluctuate around the lower border of the rising channel (shown in blue), which is valid in 2023. However, after a series of bounces seen in June, the bears may push through this support line to dominate the down channel (shown in red). This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NYSE:NKE
by FXOpen
1
Nike is about to accelerate its rise !Nike is about to accelerate its rise ! This chart shows the weekly candle chart of Nike stock for the past 4 years. The graph overlays the 2020 bottom to top golden section. As shown in the figure, Nike's stock took shape from the bottom of 2020, and after peaking at the end of 2021, it fell significantly! The two recent lows happen to be the 0.500 and 1.0000 positions on the bottom of the Golden Divide. In the future, Nike's stock is likely to continue to strengthen!
NYSE:NKE
by Think_More