Stock analysis, AI verdict, fundamentals & technical signals
Rating: SELL AI Verdict: SKIP
Price: $38.48 Analyst target: $36.50 Upside: -5.15%
NKE has fallen from a 52w high of 68.19 to 37.33, well below the 50-day SMA (49.5) and 200-day SMA (80.43). ADX of 53 confirms a strong, entrenched downtrend, and the likely catalyst is Morningstar's cut of its moat rating to Narrow with a 44% fair value reduction, alongside revenue down 4.3% YoY. RSI of 38.6 and Stochastic K of 35 are not yet oversold, and MACD is still deeply negative (-3.81), so there is no reversal confirmation despite the 4.4% dividend yield and a 17.9 PE.
Nike, Inc. is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. The company is headquartered near Beaverton, Oregon, in the Portland metropolitan area. It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment.
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