Nike stock score is +6 / +10, meaning moderately bullish
Nike stock is showing signs of a constructive long-term repair after its recent post-earnings volatility.
The setup is not strong enough to justify chasing rallies, but the chart has improved enough that patient investors may want to watch pullbacks into support.
Key support zones include the $41-$43 area, while the $47-$49 area is the first major upside test. A decisive move below $39 would weaken the current recovery thesis.