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Nike stock closes flat (0%) as the decline continues with the ADX still climbing

Nike stock weekly technical analysis: the Sell signal is in its 22nd week, with the short over 26% in the money. Price closes flat but the ADX keeps climbing and money flow worsens: the decline isn't losing steam.

Nike stock closes flat (0%) as the decline continues with the ADX still climbing
Nike: the Sell signal reaches its 22nd week
Nike stock closes flat (0%) as the decline continues with the ADX still climbing
August 07, 2026
Nike: the Sell signal reaches its 22nd week
Our view last week
Nike's Sell signal has been under management for 21 weeks, with the short more than 26% in the money. After last week's 4.7% drop, Nike stock closed flat this week despite 80% of volume on the sell side and sellers dominating the last bar to an extreme. Money flow has turned negative again and the weekly ADX climbed to 28.6: the trend is gaining conviction even as price, for now, has stalled.
This week's summary
Nike stock closes another flat week, but money flow keeps deteriorating and the weekly ADX climbs to 29.4: the trend is gaining conviction even as price stalls. The Sell signal has been under management for 22 weeks, with the short more than 26% in the money. After last week's 80% of volume on the sell side, sellers ease off a bit this time (66%), yet momentum still craters to -3.8.
Ongoing decline ·23rd week from start ·US stocks ·T2 ★ See Gold version →
IQS Phase
69
in tension
Signal Strength
17
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#35 / 122
US stocks
Trade P&L %
+26.85%
from signal to date, no stop loss
Chart · Weekly — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
How to read this pageA visual guide to the post, card by card
Rank position

ranks 35th among the 122 sell signals for US stocks in our ranking, with a signal strength of 17 out of 100.

Sector context
SectorDefensive Staples
Benchmark ETFXLP
Sector regimein positive regime
Performanceweekly +0.08% · monthly +0.87%

NKE belongs to the defensive staples sector (reference ETF XLP). The sector is classified in positive regime according to our weekly reading.

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