ONEOK INC (OKE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:OKE • US6826801036
Taking everything into account, OKE scores 7 out of 10 in our technical rating. In the last year, OKE was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month OKE has a been trading in the 72.11 - 82.03 range, which is quite wide. It is currently trading near the high of this range.
- OKE has an average volume of 4221980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, OKE outperforms 48% of them, which is more or less in line with the market.
- OKE is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, OKE did better than 41% of them.
- 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.
Although OKE has an excellent technical rating, it does not offer a high quality setup 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
We found 2 important support areas.
- A support zone ranging from 73.85 to 76.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
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 | 48.02 | 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) | 65.44 | NEUTRAL | The RSI value for OKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests OKE has a positive trend. |
| Stochastics (14,3) | 91.62 | OVERBOUGHT | The high Stochastics value suggests OKE may be overbought. |
| Average True Range in percent/ATR (20) | 2.78 | MEDIUM VOLATILITY | The ATR as a percentage value for OKE suggests some volalility. |
| Average Directional Index/ADX (14) | 28.71 | POSITIVE | The high ADX value value for OKE suggests a strong trend. |
81.84
+1.38 (+1.72%)
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 Bearish.
Can you provide the RSI signal for ONEOK INC?
ONEOK INC (OKE) has an RSI value of 65.4351. This indicates that the stock is currently neutral.
What is the support and resistance level for OKE stock?
ONEOK INC (OKE) has a support level at 76.9. Check the full technical report for our detailed analysis of OKE support and resistance levels.