OGE ENERGY CORP (OGE) Stock Technical Analysis
USA - NYSE:OGE - US6708371033 - Common Stock
We assign a technical rating of 1 out of 10 to OGE. OGE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
OGE has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
39.35
3 important support areas can be observed.
- A support zone ranging from 43.45 to 44.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.23 from a horizontal line in the daily time frame.
- Support @39.75 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 44.34 to 45.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 46.28 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 | DOWN | NEGATIVE | The short term trend for OGE is down. |
| ChartMill Relative Strength | 45.33 | NEUTRAL | OGE is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of OGE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of OGE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.08 | NEUTRAL | The RSI value for OGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests OGE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.96 | NEUTRAL | The Stochastics value for OGE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for OGE suggests low volalility. |
| Average Directional Index/ADX (14) | 27.52 | POSITIVE | The high ADX value value for OGE suggests a strong trend. |
44.32
+0.24 (+0.54%)
OGE ENERGY CORP / OGE FAQ
What is the technical rating for OGE stock?
ChartMill assigns a technical rating of 1 / 10 to OGE.
What is the current trend direction of OGE ENERGY CORP (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 39.084. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OGE ENERGY CORP?
The MACD indicator for OGE ENERGY CORP (OGE) has a value of -0.224028, indicating a bearish trend.
What is the support and resistance level for OGE stock?
OGE ENERGY CORP (OGE) has a support level at 44.1 and a resistance level at 44.34. Check the full technical report for our detailed analysis of OGE support and resistance levels.