NKE Weekly Technical Analysis
Nike Inc
Designs and markets athletic footwear, apparel, and equipment worldwide.
NKE Technical Analysis Summary
NKE's long-term technical picture is firmly bearish, characterized by a persistent downtrend and trading significantly below all major weekly moving averages. Recent price action features a massive, high-volume gap down, signaling intense selling pressure and a breakdown of previous support. With momentum indicators like MACD deeply negative, the chart suggests sellers remain in full control, and any near-term rallies will likely face heavy resistance at the gap fill levels and declining moving averages.
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NKE Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price recently suffered a massive gap down on extreme volume and continues to trade near the lows of that move. RSI is near oversold territory and MACD is deeply negative, confirming strong downside momentum.
Long-term Sentiment (weeks to months): Bearish
The stock is entrenched in a multi-year downtrend, making consistent lower highs and lower lows. Price is trading well below declining 50-week and 200-week SMAs.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-06-06T09:07:35.322Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $43.00 | $42.00 - $44.00 | Weak | Current area where price is attempting to find a floor after the recent sharp decline. |
| $35.00 | $34.00 - $36.00 | Weak | Projected support near the current lower weekly Bollinger Band. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $50.00 | $48.00 - $52.00 | Strong | Bottom of the recent massive gap down, which also aligns closely with the declining 20-week SMA. |
| $62.50 | $60.00 - $65.00 | Strong | Previous consolidation zone before the breakdown, aligning with the 50-week SMA. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Bearish Gap Down | Bearish | N/A | A massive breakaway gap to the downside on historically high volume, indicating a strong influx of selling pressure and a continuation/acceleration of the overarching downtrend. |
| Strong | Multi-year Downtrend | Bearish | N/A | A clear structural pattern of lower swing highs and lower swing lows extending back over a year, with price contained below declining long-term moving averages. |
Frequently Asked Questions about NKE
What is the current sentiment for NKE?
The short-term sentiment for NKE is currently Bearish because Price recently suffered a massive gap down on extreme volume and continues to trade near the lows of that move. RSI is near oversold territory and MACD is deeply negative, confirming strong downside momentum.. 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 and $35.00. 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 54/100. 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.