NKE Daily Technical Analysis
Nike Inc
Designs and markets athletic footwear, apparel, and equipment worldwide.
NKE Technical Analysis Summary
Nike (NKE) remains in a structural downtrend, evidenced by the price trading below a declining 200-day SMA. After a failed breakout attempt above this long-term average, the stock has retraced below both the 20-day and 50-day SMAs, with momentum indicators like MACD and RSI signaling short-term bearishness. The price is currently testing immediate support near $61; holding above the $60 level is crucial to maintain a potential bottoming formation of higher lows.
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NKE Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading below the 20-day and 50-day SMAs. The RSI is below 50 (42.69), and the MACD line is below the signal line with a negative histogram, indicating downward momentum.
Long-term Sentiment (weeks to months): Bearish
The stock remains below the declining 200-day SMA (66.96). Recent price action saw a clear rejection at this long-term trend indicator, confirming the dominant downtrend persists.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-03T15:11:16.917Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $61.32 | $61.24 - $61.40 | Weak | Immediate support at current daily lows and the lower Bollinger Band. |
| $60.00 | $59.80 - $60.20 | Strong | Previous swing low from late December; a higher low relative to November. |
| $56.50 | $56.00 - $57.00 | Strong | Major capitulation low from November. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $64.05 | $63.87 - $64.24 | Strong | Cluster of the 50-day SMA and 20-day SMA (Basis of BB). |
| $67.48 | $66.96 - $68.00 | Strong | Confluence of the 200-day SMA and recent swing highs. |
| $72.00 | $71.50 - $72.50 | Weak | Previous breakdown level and consolidation zone. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Rejection from 200 SMA | Bearish | $60.00 | Price rallied to test the 200-day moving average in late December but failed to hold above it, leading to the current pullback. |
| Weak | Potential Higher Low | Bullish | N/A | If price stabilizes above the late-December low (~60), it would confirm a higher low structure starting from the November bottom. |
Frequently Asked Questions about NKE
What is the current sentiment for NKE?
The short-term sentiment for NKE is currently Bearish because Price is trading below the 20-day and 50-day SMAs. The RSI is below 50 (42.69), and the MACD line is below the signal line with a negative histogram, indicating downward 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 $61.32 and $60.00. 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 130/100. 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.