Nike Inc. stock (NYSE: NKE) is experiencing a significant decrease in technical strength, with momentum metrics plummeting after a sharp selloff post-earnings. Weak guidance and ongoing challenges in China have fueled concerns about the company's turnaround. According to Benzinga Edge's Stock Rankings, Nike's momentum score dropped from 12.25 to 5.41, placing it in the bottom 10% of the market. This decline reflects negative price movement patterns and volatility across various timeframes. The stock's price trend indicators show a downward trajectory in the short, medium, and long terms, indicating ongoing bearish sentiment. This information is available on Benzinga.com.