NKE Weekly Technical Analysis
Nike Inc
Designs and markets athletic footwear, apparel, and equipment worldwide.
NKE Technical Analysis Summary
NKE continues to trade in a firmly entrenched multi-year downtrend, characterized by prices sustaining well below the 20, 50, and 200-week moving averages. Current price action is probing fresh multi-year lows near 38.40 with little evidence of structural accumulation or trend reversal. Substantial overhead resistance exists between 42.50 and 47.00, and long-term investors should await clear basing formations or a reclaim of key weekly moving averages before turning constructive.
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NKE Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price remains suppressed below the falling 20-week SMA and lower Bollinger Band, accompanied by weak weekly closes and RSI hovering near the oversold threshold at 32.03 without reversal divergence.
Long-term Sentiment (weeks to months): Bearish
The multi-year weekly trend exhibits a sustained sequence of lower highs and lower lows with a strong bearish moving average alignment (price < 50 SMA < 200 SMA).
Report Metadata
- Timeframe: weekly
- Generated at: 2026-09-04T21:03:17.257Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $37.00 | $36.00 - $38.00 | Weak | Current multi-year low consolidation zone being actively tested. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $44.75 | $42.50 - $47.00 | Strong | Confluence of the 20-week SMA (42.83) and the upper Bollinger Band / recent breakdown zone. |
| $53.50 | $52.00 - $55.00 | Strong | Zone aligning with the declining 50-week SMA and previous consolidation support turned resistance. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Descending Channel | Bearish | N/A | Prolonged downward sloping channel defined by parallel descending swing highs and swing lows spanning multiple years. |
Frequently Asked Questions about NKE
What is the current sentiment for NKE?
The short-term sentiment for NKE is currently Bearish because Price remains suppressed below the falling 20-week SMA and lower Bollinger Band, accompanied by weak weekly closes and RSI hovering near the oversold threshold at 32.03 without reversal divergence.. 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 $37.00. 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 90/100. 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.