Nike, sellers retake control
Nike drops 4.7% as sellers retake control and the ADX climbs
Nike, sellers retake control
Our view last week
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.
This week's summary
Nike shares slipped 4.7% this week as sellers took back control: 68% of volume on the sell side against 32% on the buy side. The weekly ADX climbed to 27.7, a sign the decline is gaining conviction, while money flow (CMF) moved the other way, rising even as the price fell. The sell signal remains under management after 20 weeks, with the short more than 26% in the money.
IQS Phase
57
ordinary
Signal Strength
45
downtrend making lower lows, pace holding
Sizing
REDUCED
Ranking
#50 / 141
US stocks
Trade P&L %
+26.85%
from signal to today
Rank position
ranks 50th among the 141 sell signals for US stocks in our ranking, with a signal strength of 45 out of 100.
Sector context
SectorDefensive Staples
Benchmark ETFXLP
Sector regimeweak phase
Performanceweekly -1.24% · monthly -0.37%
NKE belongs to the defensive staples sector (reference ETF XLP). The sector is classified weak phase according to our weekly reading.
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