RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NKE
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Nike stock price up 1.67% on Wednesday
(Updated on Mar 27, 2024)

Sell candidate since Mar 01, 2024 Loss -7.61% PDF

The Nike stock price gained 1.67% on the last trading day (Wednesday, 27th Mar 2024), rising from $92.58 to $94.13. During the last trading day the stock fluctuated 1.98% from a day low at $92.32 to a day high of $94.15. The price has fallen in 6 of the last 10 days and is down by -7.13% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 311 thousand more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately $1.04 billion.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $92.47 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.08% during the next 3 months and, with a 90% probability hold a price between $86.84 and $97.45 at the end of this 3-month period.

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NKE Signals & Forecast

There are mixed signals in the stock today. The Nike stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $96.48 and $101.39. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 1.67%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Nike stock

Nike finds support from accumulated volume at $93.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.83 between high and low, or 1.98%. For the last week, the stock has had daily average volatility of 2.48%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (NKE) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Nike to open at $93.53, and during the day (based on 14 day Average True Range), to move between $91.79 and $96.47, which gives a possible trading interval of +/-$2.34 (+/-2.48%) up or down from last closing price. If Nike takes out the full calculated possible swing range there will be an estimated 4.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $93.86 (0.29%) than the resistance at $100.82 (7.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Nike stock A Buy?

Nike holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.007 Sell Candidate Unchanged

Predicted Opening Price for Nike of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$93.53 ( 0.634%) $94.13

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NKE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 95.36 1.31 %
R2 94.66 0.568 %
R1 94.23 0.109 %
Current price: 94.13
Support S1 92.83 -1.38 %
S2 92.40 -1.84 %
S3 91.70 -2.58 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 103.77 10.24 %
R2 103.51 9.96 %
R1 100.82 7.11 %
Current price 94.13
Support S1 93.86 -0.287%
S2 93.75 -0.404%
S3 92.58 -1.65%

NKE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 08, 2024 Mar 01, 2024 Apr 01, 2024 $0.370 0.393%
2 Nov 14, 2023 Dec 01, 2023 Jan 02, 2024 $0.370 0.347%
3 Aug 03, 2023 Sep 01, 2023 Oct 02, 2023 $0.340 0.360%
4 May 04, 2023 Jun 02, 2023 Jul 05, 2023 $0.340 0.317%
5 Feb 09, 2023 Mar 03, 2023 Apr 03, 2023 $0.340 0.279%

FAQ

What is the symbol for Nike Stock and on which exchange is it traded?
The symbol for Nike is NKE and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Nike Stock?
Nike holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Nike Stock?
Nike Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nike Stock.

What's the current price of Nike Stock?
As of the end of day on the 2024-03-27, the price of an Nike (NKE) share was $94.13.

What is the 52-week high and low for Nike Stock?
The 52-week high for Nike Stock is $128.68 and the 52-week low is $88.66.

What is the market capitalization of Nike Stock?
As of the 2024-03-27, the market capitalization of Nike is 142.618B.

When is the next earnings date for Nike?
The upcoming earnings date for Nike is Jul 04, 2024.
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About Nike

Nike 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, lacro... NKE Profile

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