OGE ENERGY CORP (OGE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:OGE • US6708371033
We assign a technical rating of 2 out of 10 to OGE. OGE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 65% of all other stocks performed better in the past year than OGE.
- OGE is one of the lesser performing stocks in the Electric Utilities industry. 64% of 46 stocks in the same industry do better.
- OGE has an average volume of 1549850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- OGE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OGE is lagging the market.
- In the last month OGE has a been trading in a tight range between 41.94 and 44.17.
OGE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 43.27, a Stop Loss order could be placed below this zone.
More info and screens
41.73
We found 1 important support area.
- A support zone ranging from 42.15 to 43.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 43.38 to 44.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 45.71 to 47.05. 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 | NEUTRAL | NEUTRAL | The short term trend for OGE is neutral. |
| ChartMill Relative Strength | 35.26 | NEUTRAL | OGE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OGE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OGE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OGE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.13 | NEUTRAL | The RSI value for OGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests OGE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.74 | NEUTRAL | The Stochastics value for OGE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.72 | LOW VOLATILITY | The low ATR as a percentage value for OGE suggests low volalility. |
| Average Directional Index/ADX (14) | 16.35 | NEGATIVE | The low ADX value for OGE suggests a weak or negative trend. |
43.31
+0.23 (+0.53%)
OGE ENERGY CORP / OGE FAQ
Can you provide the ChartMill technical rating for OGE ENERGY CORP?
ChartMill assigns a technical rating of 2 / 10 to OGE.
What is the trend direction for OGE stock?
The current trend direction for OGE ENERGY CORP (OGE) is Bearish.
Can you provide the RSI signal for OGE ENERGY CORP?
OGE ENERGY CORP (OGE) has an RSI value of 50.1315. This indicates that the stock is currently neutral.
What is the short term momentum for OGE ENERGY CORP (OGE) stock?
The short term momentum for OGE ENERGY CORP (OGE) is neutral.