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Technical Analysis Predictions for Nike Footwear - NKE


Part I: The Volumetric Profile for Nike Footwear.



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NKE:  Cumulative Volume by Price

The Volumetric Profile is the central concept behind Volume Stratification Analysis. This is nothing more than the cummulative volume according to price range. The red bar marks the price range corresponding to the current price of NKE shares.








Part II: Primary Volumetric Support and Resistance for NKE common stock.



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Volume Stratification Profile of Nike Footwear

Blue bars depict the Volumetric Profile for various price levels of Nike Footwear. The thick orange line is the Volumetric Price and the maroon line is the Secular Price. The Volumetric average at $22 is below the Secular average at $24. This is a very un-usual condition.

A few layers of volumetric turbulence exist that could provide support on the downside. The most significant of these is found around $23.



Support Level IDPrice RangePeak Magnitude
1$81.00 - $81.990.16
2$72.00 - $72.990.28
3$63.00 - $63.990.91
4$50.00 - $50.991.20
5$38.00 - $38.991.80
6$23.00 - $23.992.96


Looking above today's price, there no significant resistance level to act as a ceiling on upward movement.













Part III: Secondary Analytical Support and Resistance for Nike Footwear Stock Prices


Secondary Support Levels for NKE

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Volumetric Minimum Strata of Nike Footwear

Horizontal maroon lines indicate Negative Volumetric Peaks. Price intervals with these characteristics are often associated with gaps, although they sometimes operate as support levels. Quarterly and yearly turn-arounds are circled. $67 is the most significant of several valleys (i.e. negative peaks) in today's profile underneath the current price for NKE.




Secondary Resistance Levels for NKE

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Maximum Negative Slope Strata of Nike Footwear

Here, the horizontal lines mark the points of Maximum Negative Slope in the Volumetric Profile. These strata are known to act as resistance levels against upward movement, and are sometimes associated with yearly and quarterly tops. Also, as is typical of resistance levels, they may do double duty as support, but that is not the typical case.







For Members: Deeper Analysis, with Price Predictions for NKE Common Stock




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More NKE Technical Analysis Topics

NKE Price Predictions

Support and Resistance Levels

Politics and Prices of NKE

Japanese Candlestick Analysis

NKE Classical Analysis of Time Series

NKE Historical Volume

NKE Risk-Volatility Analysis

NKE Seasonal Trends

Market Sentiment

Back to NKE Table of Contents


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