Nike Analysis WeeklyNike, Inc. is a U.S. multinational company that manufactures footwear, clothing, and sports accessories. Created in 1971, it is based in Beaverton, in the metropolitan area of Portland, Oregon
NKE trade ideas
NIKE - Just Trade the Wedge?This wedge has formed and should be a super consistent pattern to trade within until we see a breakout (probably to the upside).
Excellent long opportunity, my long entry is around $95 as I like to get the best price possible.
I may also dollar cost average down via writing weekly expiration at the money puts (being paid to place limit orders) in order to generate some extra cash flow along the way.
Please use proper risk management.
Thanks!
Nike $NKE Trade IdeaTook a trade on NYSE:NKE on Dec 1 (last Friday) as the price closed above the resistance zone per the chart image.
Since then the price rallied as expected. It is now approaching my first exit point at $117, so I will exit 30% of my contracts.
My short/medium term target will be the red diagonal line on the chart which is the 2023 resistance level, at about $119-120 per share.
The MAs are all sloping up pointing to a short term bullish trend, however the oscillators are showing overbought condition so I would be wary of a near term pullback. This will provide me with an opportunity to add more contracts with a longer DTE if the price sentiment hasn't changed.
Hope this was helpful for the readers, follow for more trade ideas.
Thank you,
BK
NKE - Just Do It ✔️Hello TradingView Family / Fellow Traders,
On Weekly: Left Chart
NKE has been hovering inside a range in the shape of a symmetrical triangle.
Moreover, it is currently sitting around a strong round number 100.0
🏹 Hence , as long as the 100.0 support holds, we will be looking for buy setups on lower timeframes.
On Daily: Right Chart
📈 For the bulls to take over, we need a momentum candle close above the last major high in green at 107.0
📉 Meanwhile , NKE would be bearish, and if the 100.0 support is broken downward, we can expect a bearish continuation towards the lower weekly trendline where we will be looking for new buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Nike's Bold Move: Expanding Into Virtual Fashion in Video Games
Sports apparel giant Nike ( NYSE:NKE ) is set to deepen its foray into the video game space through its blockchain and digital wearables division, .Swoosh. The company's recent announcement promises a new line of virtual products known as "Nike In-Game Wearables," which users can directly purchase and wear within their favorite video games. Despite the excitement surrounding this innovative step, the extent to which these in-game wearables will involve non-fungible tokens (NFTs) remains shrouded in ambiguity.
The Vision Behind Nike's .Swoosh:
Nike's .Swoosh division, rooted in blockchain technology, aims to redefine the virtual product landscape by emphasizing the intrinsic value of enjoyment and self-expression. The company believes that a virtual product's worth should be derived from the pleasure it brings users when expressing themselves or unlocking access to physical items, fostering a sense of genuine fanhood rather than mere transactions.
The Unveiling of Nike In-Game Wearables:
According to a blog post by .Swoosh, the upcoming year will witness a profound expansion into video gaming with the launch of Nike In-Game Wearables. Unlike digital collectibles or NFTs, these wearables can be directly purchased and worn within users' preferred video games, eliminating the need for crypto wallets. The move signifies Nike's commitment to integrating virtual fashion seamlessly into the gaming experience, blurring the lines between the physical and digital realms.
NFT vs. In-Game Wearables: Deciphering Nike's Strategy:
Despite .Swoosh's previous ventures into the NFT space with digital sneaker releases on Polygon, and hints at potential collaborations with EA Sports and Fortnite, Nike ( NYSE:NKE ) is cautious in distinguishing between its "digital collectibles" or NFTs and the new "in-game wearables." The blog post suggests that the two are inherently different, raising questions about whether the upcoming wearables will be crypto-related or more akin to traditional collaborations like the one with Fortnite.
Nike's Stance on NFTs and Marketplace Dynamics:
Notably, Nike remains circumspect about the involvement of NFTs in every .Swoosh release, emphasizing that not every product launch will result in an NFT drop. The company also clarified that owners of Nike digital collectibles (NFTs) will have the option to move their items to personal crypto wallets later this year, facilitating trading on marketplaces that guarantee royalties to creators.
The Absence of a Nike NFT Marketplace:
Contrary to industry trends, Nike asserts that building its own NFT marketplace could distract from product creation and storytelling. The company hints at a strategic decision to abstain from starting an NFT marketplace, leaving collectors to utilize existing platforms that support the exchange of Nike NFTs.
Conclusion:
As Nike ( NYSE:NKE ) steps boldly into the virtual fashion realm within video games, the blurred distinction between NFTs and in-game wearables adds an element of intrigue to the company's digital strategy. While enthusiasts await further clarification from Nike regarding the role of NFTs in these upcoming releases, one thing is certain – the sports apparel giant is poised to make a lasting impact on the intersection of fashion, gaming, and blockchain technology.
NIKE Stock Chart Fibonacci Analysis 011124Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 105/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NIKE: On a key long term pivot and almost oversold.Nike is almost oversold on the 1D technical outlook (RSI = 33.787, MACD = -2.530, ADX = 53.733) and is trading sideways inside the P1 Zone, which is the Pivot Band that has started several rebounds inside this 1 year Triangle pattern. This isn't an automatic buy for us yet, we need to see the price crossing over the 1D MA50 before buying and aim at the LH trendline (TP = 119.00). If P1 breaks downwards, we will on the HL trendline and aim again at the LH trendline (TP = 119.00).
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Nike stock options trading strategy: selling a bull put with 95Title: Nike stock options trading strategy: selling a bull put with 95 and 90 strike options expiring on February 16, 2024.
Summary: Selling a bull put with 95 and 90 strike options expiring on February 16, 2024 is an options trading strategy that can be used to generate a profit when the price of Nike stock is expected to remain stable or increase slightly. In this strategy, the investor buys a put with a lower strike price (90) and sells a put with a higher strike price (95). The goal is to generate a net credit from the sale of the put, which can be used to cover losses in the event of a decline in the price of Nike stock.
Analysis: Selling a bull put with 95 and 90 strike options expiring on February 16, 2024 is an options trading strategy that can be used to generate a profit when the price of Nike stock is expected to remain stable or increase slightly. However, as with any trading strategy, there are risks involved and investors should do their due diligence before engaging in any trading operation.
Conclusions: Selling a bull put with 95 and 90 strike options expiring on February 16, 2024 is an options trading strategy that can be used to generate a profit when the price of Nike stock is expected to remain stable or increase slightly. However, as with any trading strategy, there are risks involved and investors should do their due diligence before engaging in any trading operation.
I hope this helps! If you have any other questions, feel free to ask.
Nike: Slumped 🤕The NIKE share price fell sharply within a few hours of the presentation of the quarterly reports. We must now primarily assume that the stock has formed the top of the wave (A) in red with the last high - and has since sold off in the course of the wave of the same color (B). The bears have already been able to drag the price below the support level of $104.01. This should now generate further downward pressure, allowing the stock to extend the low of the aforementioned (B) wave below the $97.70 support level (but still above the $87.50 mark). The wave alt.(B) would extend another level lower in the context of our 34% probable alternative scenario.
Nike Will Cut $2 Billion in CostsNike, the world’s largest supplier of sports shoes, will cut costs by $2 billion over the next three years. This will involve layoffs and more automation.
Sports footwear giant Nike is planning to take cost-cutting measures to save $2 billion over the next three years in response to escalating worries about a global slowdown in consumer spending.
The company intends to take streamlining steps which include laying off employees, simplifying its range of products, and increasing the use of automation. The stock market saw Nike shares dropping by as much as 14% after the announcement.
Why is Nike taking measures to save $2 billion in costs?
Nike has cut its revenue projections for the year as they foresee more cautious consumer behavior around the world. People have been changing their buying habits, and have been spending more on basic necessities and experiences like travel instead of non-essentials like sports wear and high-priced sneakers.
Nike’s online sales have been plummeting, especially in the Greater China market, which includes Hong Kong, Taiwan, and Macau. This indicates that consumers did not follow when the company moved some of its products to become available solely online.
Up-and-coming brands like California shoemaker Hoka and Swiss company On have also managed to chip away at Nike’s dominance of the footwear market, particularly in running shoes.
Nike(NKE) ... Time to leave the blocks ??Nike (NKE) is worth watching for signs of (price) fatigue.
Two potential Harmonic bearish butterflies are forming.
One on the price and the other on the 14 day RSI.
The RSI matches a level of early January '23 when it rolled over before the price, creating a negative divergence condition
I will monitor and advise of any position taken.
Ideally I'd like to sell/cover in the $120 area and with a 80 RSI.
DYOD and pay attention to broader markets.
S
Nike For Nike Lovers !Hi friends and Trading community, So here i am sharing mine trading idea on Nike so before i will share my technical analysis on it want to share some learning things by the provided chart which also based on technicals and mainly focussed on Double top pattern sharing below. And by chance it's a trading idea so i can't use an educational flag for it but somehow it will help to identify about the mentioned pattern above.
So as you can see i used some green and red arrow marks on chart so i want to tell that green arrows are for support and the red one's are for resistance, So now i will start form Double top as you can see that after hitting all time highs of 179 levels price took a pullback near to 148 and again retraced near to all time high and made a double top pattern there so that 148 levels earlier was a resistance and after become support (neckline) for price after making top one and helped for a retracement towards all time high or we can say for double top too. So now i want to share about the importance of double top neckline that we can see on this chart that after breaking neckline (148 levels) price reached to 83 levels which was a cut of 43% from neckline, So here my point is this that if price breaks double top neckline and sustain below with bearish strength it will be a short opportunity for trading community with proper risk management.
And now i will share my Trading idea again with the same double top pattern so as we can see that price made a double top recently in month of March 2023 and as same i described about neckline above formed again at the levels of 116 and as usual after breaking that neckline price went to 89 levels so we can say that the proababilities are high for a short trade if price break neckline support, But now i find a breakout on this provided chart that price close above neckline support which actually turned in to resistance later. In this 116 was a strong resistance later become support by this we can understand that how support and resistance exchange their roles for this i am sharing an educational idea link below you can check that too.
What are the probabilities mates-:
Probability One-:
That price will continue marching towards mentioned flip zone (127 to 131 levels) and will come down after for breakout retest.
Probability Two-:
That price will not go up from here and retest it's breakout straight from here.
Probability Three-:
In rare cases that price will break all mentioned resistance and will complete all mentioned targets in idea, But according to my experience the chances are very less for this thing.
Targets mentioned on chart rest i will update this accordingly on the basis of price action whether on daily or weekly chart.
It's a bit long description Guys but i want to make sure that the insight i am providing is genuine or not so i had to write more for this explaination, Hope you like my publication friends.
This publication is meant for only learning purpose, it is not any kind of trading advice.
Best Regards- Amit
“Do not anticipate and move without market confirmation, being a little late in your trade is your insurance that you are right or wrong.” - Jesse Livermore
How support and resistance exchange their roles
Nike, Inc. (symbol ‘NKE’), DailyNike, Inc. (symbol ‘NKE’)
Nike, Inc. (symbol ‘NKE’) share price experienced profits in the last quarter and rose about 8%. The company’s earnings report for the fiscal quarter ending November 2023 is expected to be released on Thursday 21st of December, after market close. The consensus EPS is $0.84 against $0.85 of the same quarter last year.
‘The exponential increase in the sport giant share price is also reflected in their financial image. The net revenue of the company has been constantly increasing every quarter for the last 3 consecutive years while their current ratio as of 31/08/2023 was at 287%. This means that the company has the ability to repay their short term liabilities with the current assets at hand indicating that they can overcome any short term turmoil. Total assets outweigh total liabilities at a healthy ratio of around 1.6 : 1’ said Antreas Themistokleous, trading specialist at Exness.
Technical analysis shows that the price has been retesting the resistance of the upper band of the Bollinger bands indicating the fueled up volatility in the market for the share. Both the 20 and 50 day moving averages are trading above the slower 100 day moving average validating the overall bullish momentum in the market while the Stochastic oscillator is in the extreme overbought levels since the beginning of December and has yet to move back to the neutral area. This could mean a short term correction to the downside before continuing the bullish trend.
Nike @ 121.90In this video, you will see a study of Nike stock.
The first thing you will notice is the parabolic system.
Also, notice the relation between the volume and the gaps.
using this system you can how the price breaks away from the trend.
You will also see the breaking news.
Inside this article, they talk about the Federal Reserve.
You will then see long-term trends.
You will see the difference between a good trend
for buying and a bad one.
Watch this video to learn more and rocket boost this content
Thank you for watching.
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$NKE - Sell or hold?NYSE:NKE getting close to $124 target. Analysts are raising their price targets right before the earnings next week. The last time that happened with NASDAQ:NVDA the stock went parabolic. So I would think they have whisper numbers! hint... hint...🤔
On the other hand, the stock is in over bought territory.
However the technicals indicates further upside to $130 to $160area.
This is where the execution matters. The art of knowing when to exit.
Should I sell or should I risk and hold through the earnings?
I know I don't have much followers so the question basically is like I am asking to myself. Ha ha ha... 😂
