ONEOK INC (OKE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:OKE - US6826801036 - Common Stock
Taking everything into account, OKE scores 1 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.
OKE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 71.41, a Stop Loss order could be placed below this zone.
More info and screens
70.42
We found 1 important support area.
- A support zone ranging from 71.13 to 71.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 72.66 to 72.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 75.44 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 | NEUTRAL | NEUTRAL | The short term trend for OKE is neutral. |
| ChartMill Relative Strength | 17.82 | NEGATIVE | OKE has a low relative strength, it was outperformed by 82.18% 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) | 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) | 49.73 | NEUTRAL | The RSI value for OKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests OKE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.6 | NEUTRAL | The Stochastics value for OKE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for OKE suggests some volalility. |
| Average Directional Index/ADX (14) | 13.46 | NEGATIVE | The low ADX value for OKE suggests a weak or negative trend. |
72.49
-0.21 (-0.29%)
ONEOK INC / OKE FAQ
What is the ChartMill technical rating of ONEOK INC (OKE) stock?
ChartMill assigns a technical rating of 1 / 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 49.731. 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 71.41 and a resistance level at 72.66. Check the full technical report for our detailed analysis of OKE support and resistance levels.