Technical Damage Mounts for NKE at $42.78
Nike Inc (NKE) closed near unchanged at $42.78 on July 10.
The technical setup looks bearish:
Moving Averages
Price sits below both the 9-day ($42.86) and 21-day ($43.14) EMAs, suggesting short-term weakness.
Momentum
RSI at 46.9 is in neutral territory but trending lower. MACD reads -0.40 against its -0.50 signal line (bullish).
Volatility
Bollinger Band width at 14.0% indicates normal volatility.
Despite the bearish EMA structure, bullish MACD divergence suggests patient buyers may find opportunity near $40.24.
The $40.24-$46.30 range defines near-term boundaries.
