NKE Struggles Below Key Moving Averages at $60.93
BearishNike 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.