NKE Monthly Technical Analysis
Nike Inc
Designs and markets athletic footwear, apparel, and equipment worldwide.
NKE Technical Analysis Summary
NKE continues in a severe secular bear regime following the loss of both the 50-month and 200-month SMAs. Price is currently approaching historical base support near the 30.00 level alongside an oversold monthly RSI of 27.13. Until price forms a base and recovers above major overhead moving averages, the long-term path of least resistance remains downward.
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NKE Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price remains in a persistent monthly downtrend well below the descending 20-month SMA (56.30) accompanied by heavy sell volume and an RSI deep below 40.
Long-term Sentiment (weeks to months): Bearish
The secular bull structure has broken down following a decisive breach beneath the 200-month SMA (68.69) and consecutive lower multi-year highs and lows since the 2021 peak.
Report Metadata
- Timeframe: monthly
- Generated at: 2026-10-01T22:26:51.670Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $29.50 | $28.00 - $31.00 | Moderate | Aligns with the lower Bollinger Band (30.26) and multi-year horizontal breakout consolidation from 2013. |
| $20.00 | $18.00 - $22.00 | Strong | Major historical base and resistance-turned-support zone established during 2010–2011. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $56.00 | $54.00 - $58.00 | Moderate | Confluence of prior intermediate breakdown lows and the descending 20-month SMA (56.30). |
| $70.00 | $68.00 - $72.00 | Strong | Major structural secular pivot defined by the 200-month SMA (68.69) and previous long-term swing support. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Multi-Year Head and Shoulders / Distribution Top | Bearish | $30.00 | Massive distribution pattern formed between 2021 and 2023 whose neckline breakdown below the 200-month moving average accelerated an extended multi-year decline. |
Frequently Asked Questions about NKE
What is the current sentiment for NKE?
The short-term sentiment for NKE is currently Bearish because Price remains in a persistent monthly downtrend well below the descending 20-month SMA (56.30) accompanied by heavy sell volume and an RSI deep below 40.. 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 $29.50 and $20.00. 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 57/100. 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.