Want to know Nike’s current price and what’s next for NKE stock? On this page, we share the latest Nike news and tips on buying stocks. You can also view the latest Nike Stock Forecast for 2022 and 2023 from our experts.
Should you buy or sell Nike shares today? To what levels can the shares of this company rise in a year, two, three? How much will Nike stock be worth in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The stock forecasts indicate target levels for NKE shares, both up and down.
Nike Stock Forecast for 2022 and 2023
Nike quotes continue to move as part of growth and a bullish channel. The moving averages point to a short-term bullish trend in NKE shares. Prices are testing the areas between the signal lines, which indicates pressure from buyers of securities and a likely continuation of the rise in the near future. At the time of publication of the forecast, the price of Nike shares is 164.56 per share. As part of the forecast, we should expect an attempt to fall and a test of the support level near the area of 140.55. Further, the price bounces up and the continued rise in the value of securities. The potential target of such a movement in shares is the area above the level of 230.55 already in 2021, 2022, 2023.
An additional signal in favor of the growth of Nike quotes will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the option to raise the price of NKE shares will be a fall and a breakdown of the level of 120.05. This will indicate a breakdown of the lower boundary of the ascending channel, in which case we can consider a continuation of the decline in securities to the area at the level of 70.55. It is worth waiting for confirmation of the rise in shares with a breakdown of the resistance area and closing above the level of 180.55.
Nike Stock Forecast for 2022 and 2023 suggests an attempt to develop a decline and test the support area near the level of 140.55. Where should we expect a rebound and an attempt to continue the rise of shares in the area above the level of 230.55. In favor of the growth of securities, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the NKE rise option will be a fall and a breakdown of the level of 120.05. This will indicate a breakdown of the lower border of the bullish channel and a continuation of the fall in value to the area below the level of 70.55.
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