Nike, Inc. stock hits 12-year low at $39.09, with more downside risk ahead
Nike, Inc. stock is under heavy technical pressure after closing at $39.09 on August 17, a 12-year low. The daily chart shows price trading well below every major moving average, confirming a structural downtrend that has been building for a long time.
Key takeaways
- Nike, Inc. stock closed at $39.09 on August 17, a 12-year low.
- Price trades below the daily lower Bollinger Band at 39.87.
- Daily RSI14 at 35.68 is weak but not yet oversold.
- Hourly RSI14 at 26.07 signals oversold conditions inside the bearish structure.
- Daily pivot support sits at 38.43, with resistance at 40.17.
Nike, Inc. Stock: Daily Chart Confirms a Bearish Regime
The daily chart confirms a bearish regime for Nike, Inc. stock (NKE). Momentum is negative across the board. The MACD line sits at -0.70 against a signal line of -0.48, producing a histogram of -0.22. That gap is widening, not narrowing, which shows sellers remain in control.
Still, daily RSI14 reads 35.68. That is weak, but not oversold in the classic sub-30 sense. This matters because there is still room for price to fall further. An extreme reading has not yet arrived to attract mean-reversion buyers.
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