NIKE INC.
NIKE INC.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: NKE
ISIN:

NIKE INC. - 1H - Technical analysis published on 10/16/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Slightly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 130.98 USD
My targets
126.13 USD (-1.19%)
123.59 USD (-3.18%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on NIKE INC. as long as the price remains well below 130.98 USD. The next bearish objective for sellers is set at 126.13 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 123.59 USD. In case of crossing, the next objective would be the support located at 120.48 USD.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

NIKE INC. rating 127.65 USD. On the day, this instrument lost -1.05% with the lowest point at 127.55 USD and the highest point at 130.19 USD. The deviation from the price is +0.08% for the low point and -1.95% for the high point.

127.55
130.19
127.65

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this NIKE INC. chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



On the 18 technical indicators analysed, 6 are bullish, 4 are neutral and 8 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 120.48 123.59 126.13 127.65 130.98
Change (%) -5.62% -3.18% -1.19% - +2.61%
Change -7.17 -4.06 -1.52 - +3.33
Level Minor Minor Intermediate - Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard124.05125.08127.04128.07130.03131.06133.02
Camarilla128.18128.45128.73129.00129.27129.55129.82
Woodie124.52125.31127.51128.30130.50131.29133.49
Fibonacci125.08126.22126.93128.07129.21129.92131.06


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard123.15124.80127.89129.54132.63134.28137.37
Camarilla129.68130.11130.55130.98131.42131.85132.28
Woodie123.87125.16128.61129.90133.35134.64138.09
Fibonacci124.80126.61127.73129.54131.35132.47134.28


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard93.54101.87113.71122.04133.88142.21154.05
Camarilla119.99121.84123.69125.54127.39129.24131.09
Woodie95.29102.75115.46122.92135.63143.09155.80
Fibonacci101.87109.58114.34122.04129.75134.51142.21

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 41.56
MACD (12,26,9): -0.2700
Directional Movement: -5.63
AROON (14): 50.00
DEMA (21): 127.95
Parabolic SAR (0,02-0,02-0,2): 130.19
Elder Ray (13): -0.42
Super Trend (3,10): 129.19
Zig ZAG (10): 127.65
VORTEX (21): 0.9200
Stochastique (14,3,5): 52.44
TEMA (21): 127.93
Williams %R (14): -58.69
Chande Momentum Oscillator (20): -0.01
Repulse (5,40,3): -1.2000
ROCnROLL: 2
TRIX (15,9): -0.0400
Courbe Coppock: 0.23
MA7: 129.11
MA20: 126.26
MA50: 117.33
MA100: 107.85
MAexp7: 128.24
MAexp20: 128.33
MAexp50: 128.50
MAexp100: 127.25
Price / MA7: -1.13%
Price / MA20: +1.10%
Price / MA50: +8.80%
Price / MA100: +18.36%
Price / MAexp7: -0.46%
Price / MAexp20: -0.53%
Price / MAexp50: -0.66%
Price / MAexp100: +0.31%

Quotes : 2020-10-16 16:51:19 - 15 min delayed data - NYSE Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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