Nike: buyers surge to 91%, the decline loses steam
Nike gains just 0.6% this week, but buyers surge to 91% of volume
Nike: buyers surge to 91%, the decline loses steam
Our view last week
Week 18 of the sell signal on Nike, and the week closed with an 8.2% recovery, buy volume up to 81% from 15% the week before. The technical picture of recent weeks has lightened: the MACD histogram turned positive after months below zero, and on the daily chart price bounced off the 20-day moving average. Worth watching whether the pace holds or fades.
This week's summary
The plunge on Nike two weeks ago (-9.8%) is behind it: buyers are back in control, climbing to 91% of volume this week even as price barely moves (+0.6%). Money flow has turned positive and the MACD histogram hit its best reading of the period, signs the downside pressure keeps loosening, with price boxed between two nearby averages.
IQS Phase
55
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#117 / 137
US stocks
Trade P&L %
+22.17%
from signal to today
restricted Platinum content