ONEOK INC (OKE) Stock Technical Analysis
NYSE:OKE • US6826801036
Taking everything into account, OKE scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, OKE is a bad performer.
- When comparing the yearly performance of all stocks, OKE is a bad performer in the overall market: 70% of all stocks are doing better.
- OKE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 76% of 207 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- OKE has an average volume of 4585640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- OKE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OKE is lagging the market.
- In the last month OKE has a been trading in the 75.29 - 89.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although OKE has an excellent technical rating, it does not present a decent entry opportunity 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
70.01
3 important support areas can be observed.
- A support zone ranging from 79.10 to 80.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @75.94 from a trend line in the daily time frame.
- A support zone ranging from 70.72 to 71.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 87.33 to 87.33. 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 | UP | POSITIVE | The long term trend for OKE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OKE is up. |
| ChartMill Relative Strength | 30.73 | NEUTRAL | OKE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OKE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OKE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of OKE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.83 | NEUTRAL | The RSI value for OKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.54 | NEGATIVE | The MACD value suggests OKE has a negative trend. |
| Stochastics (14,3) | 38.32 | NEUTRAL | The Stochastics value for OKE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for OKE suggests some volalility. |
| Average Directional Index/ADX (14) | 35.68 | POSITIVE | The high ADX value value for OKE suggests a strong trend. |
86.12
+3.35 (+4.05%)
ONEOK INC / OKE FAQ
What is the ChartMill technical rating of ONEOK INC (OKE) stock?
ChartMill assigns a technical rating of 7 / 10 to OKE.
What is the trend direction for OKE stock?
The current trend direction for ONEOK INC (OKE) is Bullish.
Can you provide the RSI signal for ONEOK INC?
ONEOK INC (OKE) has an RSI value of 52.8323. This indicates that the stock is currently neutral.
What is the buy/sell signal for OKE stock?
The buy/sell signal for ONEOK INC (OKE) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for ONEOK INC?
ONEOK INC (OKE) has a support level at 80.19 and a resistance level at 87.33. Check the full technical report for our detailed analysis of OKE support and resistance levels.