NKE Struggles Below Key Moving Averages at $60.93

Nike Inc (NKE) closed up 1.55% at $60.93 on December 27.

Technical indicators paint a bearish picture:

• Moving Averages: Price sits below both the 9-day ($61.45) and 21-day ($62.93) EMAs, suggesting short-term weakness.
• Momentum: RSI at 44.5 is in neutral territory but trending higher. MACD is bearish (-1.33 vs signal -0.66).
• Volatility: Bollinger Band width at 20.5% indicates normal volatility.

Key levels to watch: Support at $57.44, Resistance at $70.56.