NKE Weekly Technical Analysis
Nike Inc
Designs and markets athletic footwear, apparel, and equipment worldwide.
NKE Technical Analysis Summary
NKE is firmly entrenched in a severe, multi-year structural downtrend. The technical picture deteriorated significantly with the recent high-volume breakdown below the critical $50 support level, confirming a continuation of bearish momentum. With all major moving averages sloping downward and momentum indicators deep in negative territory, the path of least resistance remains lower. Any near-term relief rallies are likely to encounter heavy selling pressure at prior broken support levels, particularly in the $50-$55 zone.
Included In Lists
Related Tickers of Interest
NKE Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has suffered a severe breakdown below a multi-month consolidation zone on high volume. RSI has plunged into oversold territory (28.86) and MACD is accelerating downwards with an expanding negative histogram.
Long-term Sentiment (weeks to months): Bearish
The stock remains entrenched in a multi-year secular downtrend. Price is significantly below declining 50-week and 200-week SMAs, establishing a consistent pattern of lower highs and lower lows since the late 2021 peak.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-05-16T09:07:28.825Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $38.45 | $36.90 - $40.00 | Weak | Immediate area below current price encompassing psychological round numbers and the current location of the lower Bollinger Band, where short-term selling exhaustion may occur. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $52.50 | $50.00 - $55.00 | Strong | Major prior support zone that recently failed. Now acts as significant overhead resistance, aligning with the declining 20-week SMA. |
| $62.50 | $60.00 - $65.00 | Strong | Upper bound of the previous multi-month consolidation range, aligning with the declining 50-week SMA. |
| $87.50 | $85.00 - $90.00 | Strong | Long-term resistance defined by the 200-week SMA and structural swing highs from previous failed rally attempts. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Bearish Breakdown | Bearish | N/A | Price aggressively broke down below a lengthy sideways consolidation range ($50-$70) that had formed over the past year, signaling a resumption of the primary downtrend. |
Frequently Asked Questions about NKE
What is the current sentiment for NKE?
The short-term sentiment for NKE is currently Bearish because Price has suffered a severe breakdown below a multi-month consolidation zone on high volume. RSI has plunged into oversold territory (28.86) and MACD is accelerating downwards with an expanding negative histogram.. 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 $38.45. 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 81/100. 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.