NKE 2020-09-22 Technical Analysis and Forecast


NKE Report

Sample Size: 12; Percent Error: 20%

Current Trend Performance

NKE is -2.06% from monthly high, 18.16% from monthly low, 0.22% from 10 day simple moving average, 1.9% from 20 day simple moving average, and 9.52% from 50 day simple moving average.

Forecast Ranges

Day 1:
The highs are 119.07, the lows are 115.07, and the median is 117.07. 33.33% to decrease between -3.22% - 0%. 66.67% to increase between 0% - 3.22%.
Day 2:
The highs are 120.3, the lows are 114.46, and the median is 117.38. 25.0% to decrease between -3.22% - 0%. 75.0% to increase between 0% - 3.22%.
Day 3:
The highs are 120.86, the lows are 115.25, and the median is 118.06. 25.0% to decrease between -3.22% - 0%. 66.67% to increase between 0% - 3.22%. 8.33% to increase between 3.22% - 6.44%.
Day 4:
The highs are 121.7, the lows are 113.39, and the median is 117.55. 16.67% to decrease between -3.22% - 0%. 66.67% to increase between 0% - 3.22%. 16.67% to increase between 3.22% - 6.44%.
Day 5:
The highs are 120.69, the lows are 112.62, and the median is 116.66. 8.33% to decrease between -6.44% - -3.22%. 25.0% to decrease between -3.22% - 0%. 58.33% to increase between 0% - 3.22%. 8.33% to increase between 3.22% - 6.44%.
Day 6:
The highs are 121.34, the lows are 113.24, and the median is 117.29. 25.0% to decrease between -3.22% - 0%. 58.33% to increase between 0% - 3.22%. 16.67% to increase between 3.22% - 6.44%.
Day 7:
The highs are 120.73, the lows are 110.4, and the median is 115.56. 8.33% to decrease between -6.44% - -3.22%. 8.33% to decrease between -3.22% - 0%. 75.0% to increase between 0% - 3.22%. 8.33% to increase between 3.22% - 6.44%.

Summary

SMA: Simple Moving Average

In next 5 days, there is possible support range between 113.11 and 115.62, because of 20 day SMA. There is possible resistance range between 119.38, because of monthly high, and 120.63. Areas of uncertainty are beyond 110.68 and beyond 121.92. Minimum movement range is 3.22%.

Research conducted with Nforecast.

This is not a recommendation to buy, sell, or hold. This research is for educational, informational, and entertainment purposes. You should not construe any data or information presented by members on this blog or Nforecast LLC as investment, tax, legal, financial or other advice.