ONEOK INC (OKE) Stock Technical Analysis
USA - NYSE:OKE - US6826801036 - Common Stock
Taking everything into account, OKE scores 0 out of 10 in our technical rating. OKE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of OKE is bad and it also does not present a 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
63.67
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 67.69 to 68.53. 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 73.89 to 73.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @77.10 from a trend line in the daily time frame.
- Resistance @83.24 from a horizontal 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 | DOWN | NEGATIVE | The short term trend for OKE is down. |
| ChartMill Relative Strength | 9.9 | NEGATIVE | OKE has a low relative strength, it was outperformed by 90.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OKE is below a declining 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) | 25.77 | OVERSOLD | The low RSI value suggests OKE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests OKE has a negative trend. |
| Stochastics (14,3) | 13.57 | OVERSOLD | The low Stochastics value suggests OKE may be oversold. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for OKE suggests some volalility. |
| Average Directional Index/ADX (14) | 19.74 | NEGATIVE | The low ADX value for OKE suggests a weak or negative trend. |
64.31
-1.05 (-1.61%)
ONEOK INC / OKE FAQ
What is the ChartMill technical rating of ONEOK INC (OKE) stock?
ChartMill assigns a technical rating of 0 / 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 25.7737. This indicates that the stock is currently oversold.
What is the MACD signal for OKE stock?
The MACD indicator for ONEOK INC (OKE) has a value of -0.307611, indicating a bearish trend.
Can you provide the buy/sell signal for ONEOK INC?
The buy/sell signal for ONEOK INC (OKE) is sell as both the short term and long term trends are negative.