The decline takes a pause as buyers step back in
Nike rises 0.1% as buyers reclaim volume, but the decline keeps its pace
Our view last week
Nike stock sheds 2.3% this week as sellers push back to 84% of volume, the heaviest tilt since late July. The attempt to clear the 42.6 area was rejected decisively, and the price drops back below the No-Trade Zone. The weekly ADX climbs again, to 30.3: the decline keeps gaining conviction even as money flow stays negative. The short has been under management for 23 weeks, now more than 28% in the money.
This week's summary
Nike stock stabilizes this week (+0.1%) as buyers take back control of volume, at 78%, after four straight weeks in which sellers were in charge. The daily structure stays weak though: five consecutive lower highs push the price from the 44 area toward 41, and the weekly ADX keeps climbing, now at 31.6 — the decline keeps gaining conviction even during the pause. The short has been under management since week 25, with a gain above 28%.
IQS Phase
67
in tension
Signal Strength
5
decline losing steam
Sizing
MINIMUM
Ranking
#73 / 93
US stocks
Trade P&L %
+28.50%
from signal to date, no stop loss
Rank position
ranks 73rd among the 93 sell signals for US stocks in our ranking, with a signal strength of 5 out of 100.
Sector context
SectorDefensive Staples
Benchmark ETFXLP
Sector regimein strong phase
Performanceweekly -0.12% · monthly +1.91%
NKE belongs to the defensive staples sector (reference ETF XLP). The sector is classified in strong phase according to our weekly reading.
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