ONK Technical Analysis - ONEOK INC

Technical Rating and Analysis

Overall ONK gets a technical rating of 0 out of 10. ONK 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, ONK is a bad performer in the overall market: 89% of all stocks are doing better.

ONK is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ONK is lagging the market.

In the last month ONK has a been trading in the 70.00 - 77.97 range, which is quite wide. It is currently trading near the lows of this range.

Warning: ONK has an average volume of 161 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

ONK is part of the Oil, Gas & Consumable Fuels industry. There are 60 other stocks in this industry, ONK did better than 40% of them.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, ONK does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 70.30, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

69.29

79.68

We found 1 important support area.

A support zone ranging from 69.99 to 70.30. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 76.03 to 78.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

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 ONK.DE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ONK.DE is down.
ChartMill Relative Strength	11.93	NEGATIVE	ONK.DE has a low relative strength, it was outperformed by 88.07% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ONK.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ONK.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of ONK.DE is below the rising SMA(200).
Relative Strength Index/RSI (14)	42.51	NEUTRAL	The RSI value for ONK.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.28	POSITIVE	The MACD value suggests ONK.DE has a positive trend.
Stochastics (14,3)	15.93	OVERSOLD	The low Stochastics value suggests ONK.DE may be oversold.
Average True Range in percent/ATR (20)	2.28	MEDIUM VOLATILITY	The ATR as a percentage value for ONK.DE suggests some volalility.
Average Directional Index/ADX (14)	18.2	NEGATIVE	The low ADX value for ONK.DE suggests a weak or negative trend.