NKE Weekly Technical Analysis
Nike Inc
Designs and markets athletic footwear, apparel, and equipment worldwide.
NKE Technical Analysis Summary
NKE remains locked in a severe long-term downtrend, highlighted by a recent massive gap down on extreme volume that established new multi-year lows. While short-term momentum indicators suggest a temporary reprieve and consolidation, the overall technical structure is heavily damaged. Any meaningful recovery requires overcoming substantial overhead resistance, primarily the declining moving averages and the massive unfilled gap above.
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NKE Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is consolidating after a severe drop, with the RSI returning to the neutral 50 level and a weekly MACD bullish crossover indicating waning immediate downside momentum, though heavy overhead resistance remains.
Long-term Sentiment (weeks to months): Bearish
The stock is entrenched in a definitive multi-year downtrend, characterized by lower highs and lower lows, and is trading well below steeply declining 50-week and 200-week moving averages.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-21T18:36:22.011Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $60.75 | $59.50 - $62.00 | Strong | Recent capitulation swing low zone and the area near the lower Bollinger Band, which has temporarily halted the decline. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $67.75 | $66.00 - $69.50 | Strong | Immediate overhead confluence zone including the 50-week SMA and the upper Bollinger Band. |
| $75.00 | $73.00 - $77.00 | Strong | The lower boundary of the massive structural gap down. |
| $92.50 | $90.00 - $95.00 | Strong | The origin point of the massive breakaway gap down, aligning with the declining 200-week SMA. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Breakaway Gap Down | Bearish | N/A | A massive, un-filled gap lower on exceptionally high volume, signifying intense selling pressure and a major structural breakdown in the long-term trend. |
| Weak | Consolidation Range | Neutral | N/A | Price is currently trading sideways in a tight range following a capitulation event, establishing a near-term floor but lacking the upward momentum to challenge major resistance. |
Frequently Asked Questions about NKE
What is the current sentiment for NKE?
The short-term sentiment for NKE is currently Neutral because Price is consolidating after a severe drop, with the RSI returning to the neutral 50 level and a weekly MACD bullish crossover indicating waning immediate downside momentum, though heavy overhead resistance remains.. 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 $60.75. 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 58/100. 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.