Nike shares are at risk of falling below the trading range formed since April. The stock has been in a long-term downward channel since its 2021 high and is currently trading at its lowest level since September 2014. Nike's total return since this year has been - 36.95%, compared to the S&P 500's total return of 14.33%. Analysts gave Nike 17 buy ratings, 23 hold ratings, and 4 sell ratings; average target price: $50.65.

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