Nike, sellers regain ground after the truce
Nike slips 1.4% as sellers retake the lead after buyers' brief truce
Nike, sellers regain ground after the truce
Our view last week
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.
This week's summary
Nike's sell signal has been under management for 20 weeks, with the short now more than 23% in the money. After last week's truce - buyers at 91% of volume and price barely moving - this week sellers took back the lead, 51% to 49%, as the stock slipped 1.4%. The MACD keeps improving regardless, with the histogram marking a fresh high for the period: the decline is losing some shine, but not yet its direction.
IQS Phase
66
in tension
Signal Strength
18
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#102 / 140
US stocks
Trade P&L %
+23.24%
from signal to today
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