OGE ENERGY CORP (OGE) Stock Technical Analysis
NYSE:OGE - New York Stock Exchange, Inc. - US6708371033 - Common Stock - Currency: USD
Taking everything into account, OGE scores 4 out of 10 in our technical rating. Although OGE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, we notice that OGE is one of the better performing stocks in the market, outperforming 76% of all stocks. On top of that, OGE also shows a nice and consistent pattern of rising prices.
OGE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so OGE is performing more or less in line with the market.
OGE has an average volume of 1057050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
OGE is part of the Electric Utilities industry. There are 47 other stocks in this industry, OGE did better than 63% of them.
In the last month OGE has a been trading in a tight range between 43.31 and 44.88.
Although the technical rating is only medium, OGE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 43.79, a Stop Loss order could be placed below this zone.
More info and screens
39.35
46.85
4 important support areas can be observed.
- A support zone ranging from 43.77 to 43.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 42.09 to 42.22. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @41.19 from a horizontal line in the daily time frame.
- Support @39.75 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 44.02 to 44.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @45.26 from a horizontal line in the daily time frame.
- A resistance zone ranging from 46.29 to 46.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for OGE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OGE is down. |
| ChartMill Relative Strength | 76.58 | POSITIVE | OGE has a high relative strength, it outperformed 76.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OGE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of OGE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OGE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.41 | NEUTRAL | The RSI value for OGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests OGE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 36.74 | NEUTRAL | The Stochastics value for OGE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for OGE suggests low volalility. |
| Average Directional Index/ADX (14) | 11.84 | NEGATIVE | The low ADX value for OGE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
43.88
-0.02 (-0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.05%
1 Week-0.7%
2 Weeks0.27%
1 Month-2.29%
3 Month-2.4%
6 Month7%
12 Month24.2%
2 Year22.19%
3 Year13.8%
5 Year44.53%
10 Year53.59%
15 Year140.04%
Volatility
ATR(14)0.59
ATR(20)%1.46%
ATR Inc-6.77%
Range Today0.5
ADR(20)0.63
ADR(20)%1.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.58
Mansfield0.03
10 Day High44.79
10 Day Low43.31
20 Day High44.88
20 Day Low43.31
52 Week High46.91
52 Week Low34.92
CS1 End43.79
CR1 Start44.02
Volume & EV
DER(3)-0.4%
DER(5)0.75%
Volume1.09M
Volume Incr-21.45%
Vol(5)760.42K
Vol(50)1.06M