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Market Overview
NKE closed at 62.25 on January 28, 2026, reflecting a modest increase of 0.32% from the previous close but continuing a downtrend with a 30-day return of -4.87%. The stock remains below its 20-day SMA of 62.78, with the 5-day SMA at 62.22 and the 200-day SMA not provided, indicating sustained bearish momentum. The RSI level is not specified, but technical indicators show lower highs and lows, with nearest support at 61.97 and resistance near 65.64. No specific upcoming events are noted, and the forecast suggests the downtrend may persist unless market conditions improve. For information only.
Last Updated 1/29/26

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.