NKE Weekly Technical Analysis
Nike Inc
Designs and markets athletic footwear, apparel, and equipment worldwide.
NKE Technical Analysis Summary
Nike is exhibiting a strong bearish trend on the weekly timeframe, having recently broken below a multi-month consolidation zone. The price is trading below all key moving averages (20, 50, and 200 SMAs), and momentum indicators like the RSI and MACD are positioned in bearish territory with no immediate signs of divergence or reversal. The break to new lows on this chart suggests sellers remain in control, with the lower Bollinger Band providing the only immediate dynamic support.
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NKE Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has broken below recent consolidation support to new visible lows. The candle is closing near the weekly low, below the 20-week SMA, and RSI has been rejected near the neutral 50 level.
Long-term Sentiment (weeks to months): Bearish
The stock is in a confirmed long-term downtrend, trading well below the declining 200-week and 50-week SMAs. The structure shows a consistent pattern of lower highs and lower lows.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-01-31T23:34:14.263Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $58.29 | $58.00 - $58.57 | Weak | Lower Bollinger Band acts as dynamic support; price is currently pressing into this area. |
| $50.00 | $50.00 - $50.00 | Weak | Psychological round number support (chart shows no historical price action at these levels). |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $66.12 | $65.23 - $67.00 | Strong | Confluence of the 20-week SMA (65.23) and 50-week SMA (66.98). |
| $71.00 | $70.00 - $72.00 | Strong | Previous consolidation floor and swing low area that was recently broken, now flipping to resistance. |
| $93.75 | $92.50 - $95.00 | Strong | 200-week SMA and the initiation point of the massive gap down visible mid-chart. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Bear Flag Breakdown | Bearish | N/A | After a sharp gap down, price consolidated in a sideways-to-upward channel (flag) which has now seemingly broken to the downside. |
| Strong | Death Cross (continuation) | Bearish | N/A | The 50-week SMA crossed below the 200-week SMA earlier in the chart, confirming the dominant long-term bearish trend which remains intact. |
Frequently Asked Questions about NKE
What is the current sentiment for NKE?
The short-term sentiment for NKE is currently Bearish because Price has broken below recent consolidation support to new visible lows. The candle is closing near the weekly low, below the 20-week SMA, and RSI has been rejected near the neutral 50 level.. 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 $58.29 and $50.00. 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 115/100. 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.