NKE Weekly Technical Analysis
Nike Inc
Designs and markets athletic footwear, apparel, and equipment worldwide.
NKE Technical Analysis Summary
Nike remains in a well-defined and prolonged macro downtrend, with the price continuing to print fresh multi-year lows beneath all major weekly moving averages (20, 50, and 200-week SMAs). Recent price action confirms a breakdown from a multi-month consolidation shelf, dragging the weekly RSI below 30 into oversold conditions. Any technical rallies toward the 41.00–43.00 region are likely to face strong overhead resistance unless a definitive weekly base and reversal structure form.
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NKE Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is breaking down below recent multi-week consolidation and piercing the lower Bollinger Band with RSI falling into oversold territory below 30.
Long-term Sentiment (weeks to months): Bearish
The stock remains in a persistent multi-year downtrend with price trading substantially below downward-sloping 50-week and 200-week moving averages.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-09-18T21:05:31.910Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $34.75 | $34.00 - $35.50 | Weak | Current price action is actively testing and breaking down through the base of the multi-month support shelf. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $42.00 | $41.00 - $43.00 | Moderate | Confluence of recent swing highs and the downward-sloping 20-week moving average. |
| $51.75 | $50.00 - $53.50 | Strong | Major prior breakdown shelf and confluence with the falling 50-week moving average. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Downtrend Continuation | Bearish | N/A | A prolonged sequence of lower highs and lower lows accelerating lower after failing to sustain above the 20-week SMA. |
| Moderate | Consolidation Breakdown | Bearish | $30.00 | Breakdown from a several-month consolidation range between 36.00 and 42.00, pushing price below the lower Bollinger Band. |
Frequently Asked Questions about NKE
What is the current sentiment for NKE?
The short-term sentiment for NKE is currently Bearish because Price is breaking down below recent multi-week consolidation and piercing the lower Bollinger Band with RSI falling into oversold territory below 30.. 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 $34.75. 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 91/100. It is 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.