NKE Daily Technical Analysis
Nike Inc
Designs and markets athletic footwear, apparel, and equipment worldwide.
NKE Technical Analysis Summary
NKE is in a definitive long-term downtrend, trading well below all major moving averages following a substantial gap down. While short-term indicators like MACD and RSI suggest selling momentum may be temporarily exhausted, leading to current consolidation, the overarching trend remains bearish. Any upward movement is likely to face heavy resistance at moving averages and the recent gap fill area.
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NKE Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is hovering near recent lows after a sharp decline, with RSI stabilizing near oversold territory and MACD showing a slight bullish crossover, but momentum remains weak.
Long-term Sentiment (weeks to months): Bearish
The price is significantly below all major moving averages (20, 50, and 200-day SMAs), and the moving averages are in a bearish alignment with the 200-day SMA sloping downwards.
Report Metadata
- Timeframe: daily
- Generated at: 2026-04-24T21:08:22.223Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $43.00 | $42.50 - $43.50 | Strong | Recent swing low established after a large gap down, where price has consolidated recently. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $47.50 | $47.00 - $48.00 | Weak | Immediate resistance at the 20-day SMA and the lower edge of the recent gap down. |
| $53.00 | $52.00 - $54.00 | Strong | Resistance zone formed by the 50-day SMA and the upper bound of the recent consolidation phase before the gap down. |
| $64.00 | $63.00 - $65.00 | Strong | Major resistance level aligned with the 200-day SMA and previous intermediate highs. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Gap Down | Bearish | N/A | A significant breakaway gap down occurred recently, indicating strong selling pressure and establishing lower price levels. |
| Weak | Bear Flag Continuation | Bearish | $40.00 | Following the large gap down, the price has been consolidating in a tight range, resembling a potential bear flag, which often precedes further downside. |
Frequently Asked Questions about NKE
What is the current sentiment for NKE?
The short-term sentiment for NKE is currently Neutral because Price is hovering near recent lows after a sharp decline, with RSI stabilizing near oversold territory and MACD showing a slight bullish crossover, but momentum remains weak.. 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 $43.00. 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 62/100. 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.