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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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Stronger technical forecast for Nike stock price after Wednesday trading.
(Updated on Nov 29, 2023)


Buy or Hold candidate since Nov 03, 2023 Gain 3.09% PDF
The Nike stock price gained 1.49% on the last trading day (Wednesday, 29th Nov 2023), rising from $108.75 to $110.37. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.82% from a day low at $110.15 to a day high of $112.15. The price has risen in 7 of the last 10 days and is up by 4.37% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately $1.05 billion.

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The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.99% during the next 3 months and, with a 90% probability hold a price between $113.30 and $132.66 at the end of this 3-month period.

NKE Signals & Forecast

The Nike stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $107.93 and $104.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, September 27, 2023, and so far it has risen 23.43%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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Support, Risk & Stop-loss for Nike stock

On the downside, the stock finds support just below today's level from accumulated volume at $100.02 and $95.62. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Nike finds support just below today's level at $100.02. If this is broken, then the next support from accumulated volume will be at $95.62 and $94.56.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.01 (1.82%) between high and low. For the last week, the stock has had daily average volatility of 1.27%.

Our recommended stop-loss: $106.02 (-3.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 44 days ago.)

Trading Expectations (NKE) For The Upcoming Trading Day Of Thursday 30th

For the upcoming trading day on Thursday, 30th we expect Nike to open at $110.89, and during the day (based on 14 day Average True Range), to move between $108.29 and $112.45, which gives a possible trading interval of +/-$2.08 (+/-1.88%) up or down from last closing price. If Nike takes out the full calculated possible swing range there will be an estimated 3.76% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $100.02, some $10.35 (9.38%) from the current price of $110.37, our system finds the risk reward attractive.

Is Nike stock A Buy?

Nike holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.886 Open Broker Account

Strong Buy Candidate Upgraded

Predicted Opening Price for Nike of Thursday, November 30, 2023

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

Fair opening price November 30, 2023 Current price
$110.89 $110.37 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 112.89 2.29 %
R2 112.13 1.59 %
R1 111.65 1.16 %
Current price: 110.37
Support S1 110.12 -0.224 %
S2 109.65 -0.653 %
S3 108.88 -1.35 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 110.37
Support S1 100.02 -9.38%
S2 95.62 -13.36%
S3 94.56 -14.32%
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 positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

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 2023-11-29, the price of an Nike (NKE) share was $110.37.

What is the 52-week high and low for Nike Stock?
The 52-week high for Nike Stock is $131.31 and the 52-week low is $88.66.

What is the market capitalization of Nike Stock?
As of the 2023-11-29, the market capitalization of Nike is 167.973B.

When is the next earnings date for Nike?
The upcoming earnings date for Nike is 2023-12-21 00:00:00.

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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

NKE Dividend Data

1.25%

Dividend Yield (TTM)
Payout Ratio (TTM) 40.70%
Next Ex-Dividend Date Dec 01, 2023
Next Payment Date Jan 02, 2024
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