The Greedy Trader Weekly Analysis
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- 10/16/2026 -
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NIKE Inc. (NKE) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is oversoldWeekly  MACD line has moved above its signal line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBearish Meeting Lines CandlestickThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the NIKE Inc. (NKE). During the week, the NKE gained 2.42 points, or 6.97%, and closed at 37.13 on Friday, October 16, 2026. It was the best weekly gain since July 2, 2026. Weekly volume was 30% above average.

Long-term trend: [See NKE long-term trend chart]
A long-term downtrend had started on August 25, 2025 at 80.17 and reached 31.97 on October 2, 2026. NKE lost 48.20 points, or 60.12%, in 57 weeks. The price is now at the 10.71% retracement level.

Medium-term trend: [See NKE medium-term trend chart]
A medium-term downtrend had started on July 2, 2026 at 45.04 and reached 31.97 on October 2, 2026. NKE lost 13.07 points, or 29.02%, in 13 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 30.23 and resistance is at 39.49. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See NKE weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See NKE short-term trend chart]
A short-term uptrend had started on October 2, 2026 at 31.97 and reached 37.87 on October 16, 2026. NKE gained -5.90 points, or -18.45%, in 14 days. The price is now at the 12.54% retracement level.

Daily Technical Indicators: [See NKE daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since October 7, 2026. This is an indication that the short-term trend is up.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Candlestick pattern: [See NKE candlestick chart pattern]
On Friday the chart has formed a Bearish Meeting Lines Candlestick pattern. This pattern appears in an uptrend and is a sign that a potential bearish reversal is in play. The reliability of the Bearish Meeting Lines Candlestick pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Meeting Lines Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.73
Williams' Percentage Range (W%R) 3.30
Strong Overbought
Lane's Stochastic (%D-Slow) 83.05
Overbought
Greed/Fear Indicator (GFI) 78.49
Moving Average Converg./Diverg. (MACD) -0.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.72
Williams' Percentage Range (W%R) 63.60
Lane's Stochastic (%D-Slow) 17.05
Oversold
Greed/Fear Indicator (GFI) 32.61
Moving Average Converg./Diverg. (MACD) -4.38
Trading Signals
Description Value Chart
Weekly Trendline Resistance 39.49
Upper Bollinger Band 37.67
50 Day Moving Average 37.55
Daily Stochastic Crossing 37.22
Price 37.13
20 Day Moving Average 35.46
Parabolic System 34.69
Lower Bollinger Band 34.08
Weekly Stochastic Crossing 33.90
Weekly Trendline Support 30.23
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Apparel, Accessories & Luxury Goods 51
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 31.97
Low Date 10/02/2026
High 37.87
High Date 10/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 39.49
Support 30.23
High 45.04
High Date 07/02/2026
Low 31.97
Low Date 10/02/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 68.49
High Date 02/20/2026
Low 31.97
Low Date 10/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 80.17
High Date 08/25/2025
Low 31.97
Low Date 10/02/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 179.10
High Date 11/05/2021
Low 31.97
Low Date 10/02/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.