ONEOK INC (OKE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OKE - US6826801036 - Common Stock
We assign a technical rating of 4 out of 10 to OKE. Recently some decent action could be observed, but in the medium term time frame this is still negative. OKE was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, OKE 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 73.48, a Stop Loss order could be placed below this zone.
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71.83
When analyzing the support we notice one important area.
- A support zone ranging from 72.56 to 73.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 73.60 to 73.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 76.34 to 76.38. 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 | DOWN | NEGATIVE | The long term trend for OKE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OKE is up. |
| ChartMill Relative Strength | 21.08 | NEGATIVE | OKE has a low relative strength, it was outperformed by 78.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OKE is below 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 | NEGATIVE | The current price of OKE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.64 | NEUTRAL | The RSI value for OKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests OKE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.02 | NEUTRAL | The Stochastics value for OKE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for OKE suggests low volalility. |
| Average Directional Index/ADX (14) | 16.04 | NEGATIVE | The low ADX value for OKE suggests a weak or negative trend. |
73.5
-0.32 (-0.43%)
ONEOK INC / OKE FAQ
What is the ChartMill technical rating of ONEOK INC (OKE) stock?
ChartMill assigns a technical rating of 4 / 10 to OKE.
What is the trend direction for OKE stock?
The current trend direction for ONEOK INC (OKE) is Bearish.
Can you provide the RSI signal for ONEOK INC?
ONEOK INC (OKE) has an RSI value of 54.6445. 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 hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for ONEOK INC?
ONEOK INC (OKE) has a support level at 73.48 and a resistance level at 73.6. Check the full technical report for our detailed analysis of OKE support and resistance levels.