Nike: Sell signal in its 21st week of management
Nike shares close flat (0%) as money flow turns negative again
Nike: Sell signal in its 21st week of management
Our view last week
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.
This week's summary
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.
IQS Phase
69
in tension
Signal Strength
14
decline losing steam
Sizing
MINIMUM
Ranking
#62 / 138
US stocks
Trade P&L %
+26.84%
from signal to date, no stop loss
Rank position
ranks 62nd among the 138 sell signals for US stocks in our ranking, with a signal strength of 14 out of 100.
Sector context
SectorDefensive Staples
Benchmark ETFXLP
Sector regimein positive regime
Performanceweekly +1.09% · monthly +2.10%
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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