pool adsNike $NKE Technical Update
The Nike (NYSE: NKE) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for NKE, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Neutral | Neutral |
| P1 | 82.26 | 79.69 | 76.28 |
| P2 | 83.29 | 83.18 | 81.17 |
| P3 | 84.13 | 86.74 | 85.98 |
Support and Resistance Plot Chart for NKE
Long Term Trading Plans for NKE
September 18, 2018, 2:00 pm ET
The Technical Summary and Trading Plans for NKE help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this NKE Report.
NKE - (Long) Support Plan
Buy over 81.17 target 85.98 stop loss @ 80.91.
The technical summary data tells us to buy NKE near 81.17 with an upside target of 85.98. This data also tells us to set a stop loss @ 80.91 to protect against excessive loss in case the stock begins to move against the trade. 81.17 is the first level of support below 84.983 , and by rule, any test of support is a buy signal. In this case, support 81.17 is being tested, a buy signal would exist.
NKE - (Short) Resistance Plan
Short under 85.98 target 81.17 stop loss @ 86.24
The technical summary data is suggesting a short of NKE as it gets near 85.98 with a downside target of 81.17. We should have a stop loss in place at 86.24 though. 85.98 is the first level of resistance above 84.983, and by rule, any test of resistance is a short signal. In this case, if resistance 85.98 is being tested, a short signal would exist.
