NKE Daily Technical Analysis
Nike Inc
Designs and markets athletic footwear, apparel, and equipment worldwide.
NKE Technical Analysis Summary
NKE is entrenched in a severe long-term downtrend, highlighted by a massive gap down and price action persisting well below all major moving averages. Currently, the stock is chopping sideways in a consolidation range between $41 and $47. With recent rejection at the 50-day SMA and bearish MACD momentum, the path of least resistance appears to be a retest of the lower boundary of this range.
Included In Lists
Related Tickers of Interest
NKE Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
The price was recently rejected near the declining 50-day SMA, the RSI is dropping back below the neutral 50 mark, and the MACD line has crossed below the signal line with an expanding negative histogram, indicating renewed downside momentum.
Long-term Sentiment (weeks to months): Bearish
The chart exhibits a severe downtrend characterized by a massive gap down. The price remains significantly below both the declining 50-day and 200-day SMAs, showing a structural bear market.
Report Metadata
- Timeframe: daily
- Generated at: 2026-06-08T21:08:04.118Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $41.00 | $40.50 - $41.50 | Strong | Recent post-gap swing lows and the floor of the current consolidation range. |
| $39.25 | $38.50 - $40.00 | Weak | Estimated psychological support zone if the current consolidation floor breaks. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $45.80 | $44.60 - $47.00 | Strong | Confluence of the declining 50-day SMA and the recent swing high forming the top of the consolidation range. |
| $53.50 | $52.00 - $55.00 | Strong | Previous consolidation base prior to the final leg down; acts as the lower boundary of the massive unfilled gap. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Consolidation Range | Neutral | N/A | Following a massive gap down, the price has entered a sideways trading range roughly between $41 and $47, unable to mount a sustained recovery. |
| Strong | Unfilled Gap Down | Bearish | N/A | A very large gap down exists on the chart, leaving significant overhead supply and indicating strong historic selling pressure. |
Frequently Asked Questions about NKE
What is the current sentiment for NKE?
The short-term sentiment for NKE is currently Bearish because The price was recently rejected near the declining 50-day SMA, the RSI is dropping back below the neutral 50 mark, and the MACD line has crossed below the signal line with an expanding negative histogram, indicating renewed downside momentum.. The long-term trend is classified as Bearish.
What are the key support levels for NKE?
StockDips.AI has identified key support levels for NKE at $41.00 and $39.25. These levels may represent potential accumulation zones where buying interest could emerge.
Is NKE in a significant dip or a Value Dip right now?
NKE has a Value Score of 54/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.