Why is NKE Down Today?
About Nike, Inc.
Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan (premium athletic footwear and clothing), and Converse (casual footwear). Nike se...
Overall Confidence: 67%
Based on news, social sentiment, options activity, and sector analysis
✅ Move Confirmation
DISTRIBUTION - This move is backed by significant volume and appears sustainable.
📍 Sector Context
RUBBER & PLASTICS FOOTWEAR sector: -1.9%
Market Comparison
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Historical Context
NKE has moved more than 3.0% down on 17 occasions in the past year.
Frequently Asked Questions
Why is NKE stock down today?
This appears to be a sector-wide move. The RUBBER & PLASTICS FOOTWEAR sector is down 1.9% on average.
Is NKE stock a buy or sell right now?
Based on current analysis, NKE shows 67% confidence in today's move. Volume is high which supports the trend. View full buy/sell analysis →
What is the NKE stock price target?
NKE is currently trading at $33.76. Based on today's momentum, the expected short-term range is $32.75 - $34.44. See long-term price prediction →
Will NKE stock continue falling?
Our analysis shows a 65% probability that NKE's move continues in the next 1-3 days. Key level to watch: $32.07 (support).
Is NKE stock oversold or overbought?
NKE's RSI (Relative Strength Index) is currently at 28.5. This indicates oversold conditions - the stock may be due for a bounce as selling pressure appears exhausted.
What is the momentum for NKE stock?
NKE's 10-day momentum indicator is at -1.64. Negative momentum - the stock has mild downward pressure which may continue short-term.
Is NKE outperforming or underperforming the market?
NKE (-3.95%) is currently significantly underperforming the market (-4.7% vs SPY). Today, the S&P 500 (SPY) is up 0.74%, and Nasdaq (QQQ) is up 1.02%.
What does MACD indicate for NKE?
NKE's MACD (-1.12) is currently below the signal line (-1.1), indicating a bearish trend. This technical signal suggests selling pressure is dominant. The trend strength (ADX: 27.0) is strong.
Is NKE in an uptrend or downtrend?
Based on moving average analysis, NKE is in a bearish trend. The price ($33.76) is trading below both the 20-day SMA ($36.24) and 50-day SMA ($38.95). This alignment typically indicates sustained downward pressure.
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