Nike (NKE) Daily Technical Analysis
Nike Inc
Designs and markets athletic footwear, apparel, and equipment worldwide.
NKE Technical Analysis Summary
Nike is experiencing a strong counter-trend recovery after establishing a bottom near $34.00, pushing above its 20-day and 50-day moving averages toward $40.50 with RSI rising near overbought territory at 67.85. While short-term momentum favors the buyers, the broader structural trend remains firmly bearish beneath the descending 200-day SMA around $45.68. Long-term investors should watch for overhead resistance between $41.50 and $45.70 to see if the stock can transition from a short-term rally into a durable trend reversal.
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NKE Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price has rebounded sharply from October lows, clearing both the 20-day and 50-day moving averages and piercing the upper Bollinger Band with expanding bullish volume.
Long-term Sentiment (weeks to months): Bearish
The broader primary trend remains in a clear downtrend with the 200-day SMA sloping downward at 45.68, well above current price action.
Report Metadata
- Timeframe: daily
- Generated at: Nov 4, 2026
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $37.15 | $36.80 - $37.50 | Moderate | Confluence of the rising 20-day SMA (37.29) and the 50-day SMA (36.89), representing a previous breakout level. |
| $34.20 | $33.80 - $34.60 | Strong | October multi-week base and swing low area that initiated the current rebound. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $42.00 | $41.50 - $42.50 | Moderate | Prior horizontal shelf and breakdown support from late summer, now acting as overhead resistance. |
| $45.50 | $45.00 - $46.00 | Strong | Descending 200-day SMA (45.68) and the summer consolidation peak zone. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Double Bottom | Bullish | $41.00 | Formed a base near 34.00 across late September and October, confirming with a breakout above the 37.30 neckline. |
Frequently Asked Questions about NKE
What is the current sentiment for NKE?
The short-term sentiment for NKE is currently Bullish because Price has rebounded sharply from October lows, clearing both the 20-day and 50-day moving averages and piercing the upper Bollinger Band with expanding bullish volume. 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 $37.15 and $34.20. 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 31/100. 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.