NKE Daily Technical Analysis
Nike Inc
Designs and markets athletic footwear, apparel, and equipment worldwide.
NKE Technical Analysis Summary
NKE remains entrenched in a severe long-term downtrend, defined by its position far below a declining 200-day SMA and a massive unfilled gap overhead. However, the short-term picture shows an attempt at stabilization as the stock builds a base between 40 and 47. Until a decisive breakout occurs from this consolidation range, near-term price action is likely to remain choppy and neutral.
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NKE Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is currently consolidating in a range, trapped between the rising 20-day SMA acting as short-term support and the 50-day SMA acting as overhead resistance. RSI is hovering near the neutral 50 level, and MACD upward momentum is showing signs of flattening.
Long-term Sentiment (weeks to months): Bearish
The stock remains in a dominant long-term downtrend, trading significantly below a steeply declining 200-day SMA. The technical picture is heavily weighed down by a massive, high-volume gap down that has yet to be filled.
Report Metadata
- Timeframe: daily
- Generated at: 2026-06-02T14:10:16.968Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $43.50 | $43.00 - $44.00 | Weak | Immediate support zone encompassing the 20-day SMA (currently near 44.00) and minor recent consolidation. |
| $40.50 | $40.00 - $41.00 | Strong | Major swing low established after the significant gap down; acts as the floor of the current base-building attempt. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $46.45 | $45.40 - $47.50 | Strong | Significant near-term resistance band containing the 50-day SMA, the upper Bollinger Band, and recent swing highs. |
| $51.00 | $50.00 - $52.00 | Strong | The bottom edge of the massive unfilled gap down, representing a major overhead supply zone. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Consolidation Range | Neutral | N/A | Following a sharp decline, price has been trading in a relatively sideways range between roughly 40 and 47 for an extended period, attempting to form a base. |
| Strong | Bearish Gap Down | Bearish | N/A | A prominent, high-volume gap down visible earlier in the chart sequence, creating a large void in price action that serves as heavy long-term structural 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 currently consolidating in a range, trapped between the rising 20-day SMA acting as short-term support and the 50-day SMA acting as overhead resistance. RSI is hovering near the neutral 50 level, and MACD upward momentum is showing signs of flattening.. 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 $43.50 and $40.50. 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 89/100. 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.