ONEOK INC (OKE) Stock Technical Analysis
NYSE:OKE - New York Stock Exchange, Inc. - US6826801036 - Common Stock - Currency: USD
Overall OKE gets a technical rating of 1 out of 10. OKE'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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
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 currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month OKE has a been trading in the 79.09 - 85.15 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
OKE has an average volume of 3895850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
OKE is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, OKE did better than 43% of them.
Although the technical rating is bad, 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 80.84, a Stop Loss order could be placed below this zone.
More info and screens
77.92
90.78
When analyzing the support we can see 2 important areas.
- A support zone ranging from 80.17 to 81.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 78.71 to 78.71. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 82.56 to 84.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @89.88 from a trend line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for OKE is neutral. |
| ChartMill Relative Strength | 30.68 | 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) | DOWN | NEGATIVE | The current price of OKE is below a declining 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) | 50.91 | NEUTRAL | The RSI value for OKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests OKE has a positive trend. |
| Stochastics (14,3) | 44 | NEUTRAL | The Stochastics value for OKE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for OKE suggests some volalility. |
| Average Directional Index/ADX (14) | 12.98 | NEGATIVE | The low ADX value for OKE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
82.14
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week1.01%
2 Weeks1.2%
1 Month2.01%
3 Month1.58%
6 Month-20.17%
12 Month-0.13%
2 Year22.52%
3 Year37.5%
5 Year194.3%
10 Year117.36%
15 Year253.06%
Volatility
ATR(14)1.87
ATR(20)%2.14%
ATR Inc-26.38%
Range Today1.02
ADR(20)1.66
ADR(20)%2.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.68
Mansfield-1.86
10 Day High83.44
10 Day Low79.09
20 Day High85.15
20 Day Low79.09
52 Week High118.07
52 Week Low75.47
CS1 End80.84
CR1 Start81.4
Volume & EV
DER(3)1.82%
DER(5)0.83%
Volume1.76M
Volume Incr-35.08%
Vol(5)2.97M
Vol(50)3.90M