ONEOK INC (OKE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OKE - US6826801036 - Common Stock
Taking everything into account, OKE scores 5 out of 10 in our technical rating. In the past year, OKE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
OKE has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
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66.33
When analyzing the support we can see 2 important areas.
- A support zone ranging from 68.29 to 68.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @67.00 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 76.18 to 77.18. 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 OKE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OKE is up. |
| ChartMill Relative Strength | 21.15 | NEGATIVE | OKE has a low relative strength, it was outperformed by 78.85% off all stocks 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 | NEGATIVE | The current price of OKE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 73.46 | OVERBOUGHT | The high RSI value suggests OKE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.72 | POSITIVE | The MACD value suggests OKE has a positive trend. |
| Stochastics (14,3) | 92.78 | OVERBOUGHT | The high Stochastics value suggests OKE may be overbought. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for OKE suggests low volalility. |
| Average Directional Index/ADX (14) | 31 | POSITIVE | The high ADX value value for OKE suggests a strong trend. |
76.17
+1.28 (+1.71%)
ONEOK INC / OKE FAQ
What is the ChartMill technical rating of ONEOK INC (OKE) stock?
ChartMill assigns a technical rating of 5 / 10 to OKE.
Can you provide the trend direction for ONEOK INC?
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 73.4639. This indicates that the stock is currently overbought.
What is the MACD signal for OKE stock?
The MACD indicator for ONEOK INC (OKE) has a value of 0.71936, indicating a bearish trend.