Nike stock: buy or sell
Aug 1st, 2021
Nike stock brief
- Nike slightly moved a 0.31% after reaching new highs on Friday
- The price is currently above the upper Bollinger band, which is usually an indicator of a short-term correction
- NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide.
Should I buy Nike stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $NKE stock a buy?
Currently, Nike stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $NKE will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Nike stock?
"To sell or not to sell", if you are holding Nike stock?. In the same way as when we have to buy shares, deciding when is appropiate time to sell is not a whimsical decision, and we must adhere our own trading strategy. When selling, as well as buying, detailed setups are very simple to use and are only applicable for selling shares you already own, not for shorting Nike stock
A golden rule is that you must never hold an open trade that leads to greater losses than those expected at the time of the buy. The moment to sell your stock must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Nike stock?
Currently, Nike stock doesn't match any of our preferred sell setups, so if you hold Nike stock and your operation is in profit probably is not time to sell now
We don't have any rating posted in the previous month for Nike
Nike stock analysis
Last June, the price broke out over the previous top at $138.05 on the downtrend started last May. Since then, the price action resulted in a 21.34% gain.
$NKE at Highs
Nike did it again, and reached all-time highs (ATH) on Friday at $167.87. Stock surged fast in the last 2 weeks, hiting new all-time highs 4 times
Supports and resistances
Price is at all-time highs and there are not upper resistance levels.
The current supports are:
Price levels both above or below the Bollinger Bands tell us that the price has followed a strong trend that has led to extreme highs or lows. At this point, the price is over the upper band, meaning a near-term correction (at least) until it is below the band
Relative strength index
Crossed up the 70 level Friday, with a value of 75.31. Climbing above the level of 70 is not a bearish signal, as stock price can rally during several weeks being in the overbought zone
Nike stock price history
Nike started trading on Dec 2nd, 1980 at $0.13 per share1. Since then, NKE stock surged by 128,753.85%, with an average of 3,218.85% per year. An investment of $1,000USD on Dec 1980 would have a value of $1,288,538.46 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Nike stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions publish their price forecasts based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new financial information by the company, and many times. Again, these forecasts are not direct recommendations for small investors and should not be followed blindly.
We don't have any target price published in the previous 4 weeks for Nike.
Earnings and financials
Last June, Nike ($NKE) hosted the investors call and presented the report. Nike beat Wall St estimates and posted of $0.93, that is a 82.35% surprise versus the previous predictions of $0.51. Similarly, reported sales were $12.3 billion versus estimates of $11.0 billion.Compared to the same quarter one year ago, EPS was $-0.51, so reported EPS is a increase of 282.35%. Revenue exploded a 95.53% on an annualized basis in the , from $63.1B to $123.4B last quarter.
Nike ($NKE) will host the Q1 earnings call mid next September. Estimated for this quarter is $1.12, compared to $0.93 that was reported for Q4.
Please read:The opinions given in this post are personal and not recommendations for you to buy or sell shares. The author of this article does not know the individual situations of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are posted for learning reasons only
|Friday, July 30th, 2021|
|Day range||$166.35 - $167.87|
|Average true range||$3.03|
|50d mov avg||$146.41|
|100d mov avg||$140.44|
|200d mov avg||$137.89|
|Earnings date||September 20th, 2021|