Wednesday May 22, 2019 Change -0.53% Price $83.20
Chart period: 2019-02-25 - 2019-05-22
VOLUME
Sell
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

Will NKE stock price go up or down on Thu, 23 May 2019?

Predict

Nike Inc Forecast and Stock Analysis

Technical NKE stock analysis for Wednesday May 22, 2019.

Hold candidate since 2019-05-22
Shorts 1.30% ( 2019-04-15 )
Insider % n/a
Institutional % 99.60%
Beta 1.08
ROA 19.00%
Price to book USD 14.67
P/E Ratio 31.52
Next Earnings Date 2019-06-02


Nike Inc fell by -0.53% in the last day ( Wednesday, 22nd May 2019 ) from $83.64 to $83.20 During day the stock fluctuated 0.70% from a day low at $82.76 to a day high of $83.34. The price has risen in 7 of the last 10 days and is up by 0.52% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.53 million shares and in total 5.14 million shares bought and sold for approximately $427.80 million.

Quick summary:

  • 30 day high of the NKE stock price was $88.94 and low was $81.32.
  • 90 day high was $90.00 and low was $80.89.
  • 52 week high for the Nike Inc - $90.00 and low - $66.53.

Trend

Given the current horizontal trend you can expect Nike Inc with 90% probability to be traded between $79.97 and $87.30 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Monday May 20, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Nike Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $83.75 and $85.41. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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A buy signal from a double bottom formation was found on Monday May 20, 2019 and based on theory for this formation the price should go up by 1.76% to $84.29 within 5 trading days since signal was issued (Tuesday May 28, 2019).

Relative Strength Index (RSI)

RSI14 is 41 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Nike Inc finds support from accumulated volume at $82.54.

Support: $82.54 Price: $83.20 Resistance: $83.57

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.58 (0.70%) between high and low. For the last week, the stock has had a daily average volatility of 1.48%.

Our recommended stoploss: $77.94 (-6.33%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)

1.48 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Nike Inc holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Hold/Accumulate Upgraded
Previous Hold Today NKE ranks #2079 as HOLD CANDIDATE #2079 Next Hold
NKE $83.20 ($-0.44 -0.53%)
NKE is down $0.44 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for NKE based on the 1-3 month system that more than doubles the S&P 500.

This report is free today for StockInvest.us readers.

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Will NKE stock price go up or down
on Thu, 23 May 2019?

Predict

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