NKE Weekly Technical Analysis
Nike Inc
Designs and markets athletic footwear, apparel, and equipment worldwide.
NKE Technical Analysis Summary
NKE is entrenched in a severe multi-year downtrend that recently accelerated with a massive gap down on extreme volume. The technical picture is heavily bearish across all timeframes, with price trading far below declining major moving averages and negative momentum confirmed by the MACD. While short-term oversold conditions may spark a brief rally, significant overhead resistance and dominant downward pressure suggest the broader trend remains firmly intact.
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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, breaking far below the lower Bollinger Band. While RSI is curling up slightly from deeply oversold territory indicating a potential counter-trend bounce, immediate structural momentum remains heavily negative.
Long-term Sentiment (weeks to months): Bearish
The chart displays a severe, multi-year downtrend characterized by consistent lower highs and lower lows. Price is trading significantly below both the declining 50-week and 200-week SMAs, confirming a strong long-term bearish regime.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-04-18T09:07:23.785Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $42.00 | $40.00 - $44.00 | Strong | Newly established multi-year low following the recent capitulation-style gap down. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $72.50 | $70.00 - $75.00 | Strong | Bottom of the massive recent gap down and a previous significant support zone turned resistance. |
| $91.50 | $88.00 - $95.00 | Strong | Confluence zone of previous swing structure and the current location of the declining 50-week SMA. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Breakaway Gap Down | Bearish | N/A | A massive downside gap accompanied by the highest volume seen on the chart, indicating a severe structural breakdown and intense selling pressure. |
| Strong | Multi-year Downtrend | Bearish | N/A | A sustained sequence of lower highs and lower lows operating well below major declining 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, breaking far below the lower Bollinger Band. While RSI is curling up slightly from deeply oversold territory indicating a potential counter-trend bounce, immediate structural momentum remains heavily negative.. 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 $42.00. 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 62/100. 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.