(NKE) On The My Stocks Page

November 09, 2024, 10:32 am ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NKE

• Buy NKE near 74.94 target 83.46 stop loss @ 74.72 Details

The technical summary data tells us to buy NKE near 74.94 with an upside target of 83.46. This data also tells us to set a stop loss @ 74.72 to protect against excessive loss in case the stock begins to move against the trade. 74.94 is the first level of support below 75.88 , and by rule, any test of support is a buy signal. In this case, support 74.94 is being tested, a buy signal would exist.

• Short NKE slightly under 83.46, target 74.94, stop loss @ 83.7 Details

The technical summary data is suggesting a short of NKE as it gets near 83.46 with a downside target of 74.94. We should have a stop loss in place at 83.7though. 83.46 is the first level of resistance above 75.88, and by rule, any test of resistance is a short signal. In this case, if resistance 83.46 is being tested, a short signal would exist.

Swing Trading Plans for NKE

• Buy NKE slightly over 76.78, target 83.46, Stop Loss @ 76.56 Details

If 76.78 begins to break higher, the technical summary data tells us to buy NKE just slightly over 76.78, with an upside target of 83.46. The data also tells us to set a stop loss @ 76.56 in case the stock turns against the trade. 76.78 is the first level of resistance above 75.88, and by rule, any break above resistance is a buy signal. In this case, 76.78, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NKE slightly near 76.78, target 74.94, Stop Loss @ 77. Details

The technical summary data is suggesting a short of NKE if it tests 76.78 with a downside target of 74.94. We should have a stop loss in place at 77 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 76.78, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for NKE

• Buy NKE slightly over 76.35, target 76.78, Stop Loss @ 76.17 Details

If 76.35 begins to break higher, the technical summary data tells us to buy NKE just slightly over 76.35, with an upside target of 76.78. The data also tells us to set a stop loss @ 76.17 in case the stock turns against the trade. 76.35 is the first level of resistance above 75.88, and by rule, any break above resistance is a buy signal. In this case, 76.35, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NKE slightly near 76.35, target 74.98, Stop Loss @ 76.53. Details

The technical summary data is suggesting a short of NKE if it tests 76.35 with a downside target of 74.98. We should have a stop loss in place at 76.53 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 76.35, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Nike Inc. (NKE) available here: NKE.

NKE Ratings for November 09:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	66.91
P2	74.98	74.8	74.94
P3	76.35	76.78	83.46

AI Generated Signals for NKE

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Trading or Investing in Nike Inc. (NYSE: NKE) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for NKE change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if NKE is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for NKE too.  All of these are offered below the Summary Table.