NKE support zone 32 hit

Support zone: close above is a hit. Close on the level is a push. Graded on the regular-session close.

A support zone is a price below the market where a large amount of options positioning sits. The idea is that this positioning can slow a move down there, so the test is simple: does the stock close above it? When it was posted at 18:49 ET, NKE traded at 32.2, 0.6% above the support zone. On the same map, the next level above was 35 and the next level below was 30. See the original post.

Price never closed a 5-minute bar on the wrong side of the support zone. Its closest approach was 0.83 away (32.83); the session range was 32.83 to 34.71. In the last hour price moved up 0.90, from 33.81 to 34.71.

The regular-session close was 33.89, 1.89 (5.91%) above the support zone at 32. Under the rule (support zone: close above is a hit), that is a hit.

Nike reported fiscal Q1 2027 revenue below estimates after the prior close, guided for a high-single-digit revenue decline in fiscal 2027 and announced a cost overhaul with job cuts. NKE finished the day down 3.6%, while SPY was up 0.7%.

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