“Nike Stock is at a Decade Low! | Nike (NKE) Stock Analysis! |”
No reason to buy NKE; likely due for a bounce but technically not bullish.
Nike stock continues to get obliterated. In the last year, it's down by over 48% and in the last 5 years, now down by 76%. That's right, a 76% decrease in the company's value in just 5 years.
And if we zoom out quite a bit further, you can see they're now essentially trading at some of their lowest prices since around 2014.