As of May 22, 2026, NKE (Nike, Inc. - Class B) is in a falling knife state on the monthly chart, with a confidence level of 78%. Key support is at $44.0 and key resistance at $55.0. Monthly NKE is in a persistent selloff: price ~$44.67 made fresh swing lows with rising sell volume; RSI-14 ~30 (oversold zone). Price is far below EMA50/EMA100/EMA200 and also below SMA200.
Bearish continuation (Elliott: still in a Wave 5 / C-leg down) with a brief dead-cat bounce that fails under broken support, then another push to new lows before any durable base forms. Fib-wise, current area is below the $55-$70 prior support band, so that band likely acts as overhead supply on any rally.
Oversold relief rally / short-covering bounce (RSI ~30) that stabilizes into a developing base (possible Wave A up of a larger corrective structure), but upside is capped by stacked moving averages; rejection likely near first MA cluster and prior support turned resistance.
Another monthly close below $44.00
Monthly close back above $55.00 (reclaim prior breakdown zone)
Scale-in only at/under obvious swing-low support with RSI oversold; add more if capitulation tags the next psychological/fib-extension zones and volatility spikes.
Trim into major overhead supply/MA clusters: SMA200 (~$68) first, then EMA50/EMA100 (~$82-$85), then larger multi-year resistance near prior congestion around ~$100+.
As of May 22, 2026, NKE (Nike, Inc. - Class B) is in a falling knife state on the monthly chart with 78% confidence. Monthly NKE is in a persistent selloff: price ~$44.67 made fresh swing lows with rising sell volume; RSI-14 ~30 (oversold zone). Price is far below EMA50/EMA100/EMA200 and also below SMA200.
On the monthly timeframe, NKE has key support at $44.0 and key resistance at $55.0. The most likely scenario (bearish) targets $40.0 and $35.0, with a revert level at $55.0.
NKE (Nike, Inc. - Class B) is currently classified as falling knife on the monthly chart, with 78% confidence. Confirmation requires: Another monthly close below $44.00 This would be invalidated by: Monthly close back above $55.00 (reclaim prior breakdown zone)
The most likely scenario (bearish) targets $40.0 and $35.0, with a revert level at $55.0. The alternative scenario (bullish) targets $55.0 and $68.0.
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