As of May 22, 2026, NKE (Nike, Inc. - Class B) is in a downtrend state on the daily chart, with a confidence level of 73%. Key support is at $42.0 and key resistance at $47.1. Price at ~$44.67 bounced off a recent swing low near ~$42 and is attempting a short-term rebound, but remains well below all key 50/100/200 MAs; RSI ~51 shows momentum recovery without trend reversal yet.
Bearish continuation after a relief bounce: price chops up toward the falling EMA50 area, rejects, then retests the $42 support; if it breaks, a flush toward the next demand shelf follows.
Bullish base attempt: higher low forms above ~$42 and price reclaims EMA50, then mean-reverts toward the EMA100/SMA100 supply zone in the low-$50s (still a counter-trend rally unless it clears).
Daily close above $47.20 with 2+ follow-through closes holding above the EMA50 (~$47.11).
Daily close below $41.90 (break under the most recent swing-low reference).
Start near the swing-low support (~$42); add on breakdown/undercut into next demand (~$39-41); heavy add only on deeper capitulation into prior base/extension zones (~$35.5-38) while trend is still down.
Trim into MA clusters and prior breakdown shelves (EMA100/SMA100 then SMA200/EMA200 area); progressively heavier trimming into the larger 2025 distribution zone and prior swing highs where mean-reversion typically stalls in downtrends.
As of May 22, 2026, NKE (Nike, Inc. - Class B) is in a downtrend state on the daily chart with 73% confidence. Price at ~$44.67 bounced off a recent swing low near ~$42 and is attempting a short-term rebound, but remains well below all key 50/100/200 MAs; RSI ~51 shows momentum recovery without trend reversal yet.
On the daily timeframe, NKE has key support at $42.0 and key resistance at $47.1. The most likely scenario (bearish) targets $47.1 and $39.0, with a revert level at $44.0.
NKE (Nike, Inc. - Class B) is currently classified as downtrend on the daily chart, with 73% confidence. Confirmation requires: Daily close above $47.20 with 2+ follow-through closes holding above the EMA50 (~$47.11). This would be invalidated by: Daily close below $41.90 (break under the most recent swing-low reference).
The most likely scenario (bearish) targets $47.1 and $39.0, with a revert level at $44.0. The alternative scenario (bullish) targets $50.0 and $52.2.
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