Nike Stock Technical Analysis

NKE -  USA Stock  

USD 113.01  5.11  4.74%

As of the 15th of May 2022, Nike secures the risk adjusted performance of (0.17), and Mean Deviation of 2.08. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nike Inc, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to collect data for nineteen technical drivers for Nike, which can be compared to its peers in the industry. Please verify Nike Inc jensen alpha, as well as the relationship between the potential upside and skewness to decide if Nike Inc is priced some-what accurately, providing market reflects its recent price of 113.01 per share. Given that Nike Inc has jensen alpha of (0.11), we recommend you to check Nike's last-minute market performance to make sure the company can sustain itself at a future point.
  
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Nike Analyst Consensus

Target PriceAdvice# of Analysts
184.65Buy23Odds
Nike Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Nike analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Nike stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Nike Inc, talking to its executives and customers, or listening to Nike conference calls.
Nike Analyst Advice Details
Nike technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Nike technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nike trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Nike Inc Technical Analysis

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The output start index for this execution was twenty-one with a total number of output elements of fourty. The Normalized Average True Range is used to analyze tradable apportunities for Nike Inc across different markets.
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Nike Inc Trend Analysis

Use this graph to draw trend lines for Nike Inc. You can use it to identify possible trend reversals for Nike as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nike price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Nike Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Nike Inc applied against its price change over selected period. The best fit line has a slop of   -0.3  , which may imply that the returns on investment in Nike Inc will continue to fail. It has 122 observation points and a regression sum of squares at 3449.03, which is the sum of squared deviations for the predicted Nike price change compared to its average price change.

About Nike Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nike Inc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nike Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nike Inc stock first instead of the macroeconomic environment surrounding Nike Inc. By analyzing Nike's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nike's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nike specific price patterns or momentum indicators. Please read more on our technical analysis page.

Nike May 15, 2022 Technical Indicators

Most technical analysis of Nike help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nike from various momentum indicators to cycle indicators. When you analyze Nike charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Nike May 15, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Nike stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Additionally, see Stocks Correlation. Note that the Nike Inc information on this page should be used as a complementary analysis to other Nike's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Complementary Tools for Nike Stock analysis

When running Nike Inc price analysis, check to measure Nike's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nike is operating at the current time. Most of Nike's value examination focuses on studying past and present price action to predict the probability of Nike's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Nike's price. Additionally, you may evaluate how the addition of Nike to your portfolios can decrease your overall portfolio volatility.
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Is Nike's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nike. If investors know Nike will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nike listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Nike Inc is measured differently than its book value, which is the value of Nike that is recorded on the company's balance sheet. Investors also form their own opinion of Nike's value that differs from its market value or its book value, called intrinsic value, which is Nike's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nike's market value can be influenced by many factors that don't directly affect Nike's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nike's value and its price as these two are different measures arrived at by different means. Investors typically determine Nike value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nike's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.