OKE Technical Signal Analysis
OKE have 0 buy signal and 3 sell signals now. The current trend is consolidation starting from 2025-03-07. The total price change during this trend is +3.80%. Recently, the price has decreased but the volume has also decreased, indicating a potential rebound signal. The average turnover of OKE over last 5 trading day is $433,940,326.55
0 Bullish Signal
3 Bearish Signal
Name
Signal
Value
Meaning
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-6.16
Bearish
Momentum (10 days)
MOM_10 < 0
-2.79
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-2.23
Bearish
0 Bullish Signal
Name
Signal
Value
Meaning
OKE Support and Resistance Level
The support levels for OKE are at 88.74, 85.41, and 80.01, while the resistance levels are at 99.53, 102.87, and 108.26. With the current stock price at 92.72, it is leaning more toward the support levels.
OKE Technical Analysis
Technical Analysis of OKE Stock
Current Price and Recent Performance
As of the latest data, ONEOK (OKE) is trading at $89.56. The stock closed at $89.57 on March 7, 2025, with a high of $90.48 and a low of $87.355. The volume for the day was 4,077,233 shares, indicating moderate trading activity.
Technical Indicators
- RSI (6, 12, 14): 22.01, 29.23, 30.67
- All RSI values are below 30, indicating the stock is in oversold territory, which may signal a potential reversal or buying opportunity.
- Stochastic Oscillator (%K, %D): 12.65, 17.00
- Both %K and %D are below 20, confirming the stock is oversold.
- MACD: -2.34 (MACD Line), -0.71 (Signal Line), -1.63 (Histogram)
- The MACD line is below the signal line, indicating bearish momentum. However, the histogram shows a slight weakening in bearish momentum, which could hint at a potential bullish divergence.
Fibonacci Levels
- Pivot: $94.56
- Resistance Levels: $99.95 (R1), $103.29 (R2), $108.68 (R3)
- Support Levels: $89.16 (S1), $85.83 (S2), $80.43 (S3)
- The stock is currently trading near the first support level ($89.16), which could act as a floor for the price.
Bollinger Bands
- 20-Day Bollinger Bands:
- Upper Band: $105.56
- Middle Band: $96.54
- Lower Band: $87.52
- The stock is currently near the lower band, suggesting increased volatility and potential for a bounce.
Candlestick Chart
Conclusion
Based on the technical analysis, OKE stock is currently in oversold territory, with multiple indicators suggesting a potential reversal. The stock is trading near key support levels, and the weakening bearish momentum in the MACD histogram could signal a short-term bounce.
Recommendation:
Buy at the current price of $89.56, with a target of $94.56 (Fibonacci Pivot) and a stop-loss at $85.83 (S2 support level).
OKE FAQs
Which bearish technical signals does OKE have?
How reliable is technical analysis?
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Is OKE a buy based on overall technical signals summary?
OKE Buy or Sell
OKE has 0 buy signals and 3 sell signals now. Overall the technical rating for OKE is Sell.
Sell
Sell
3
Buy
0
OKE Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 92.72 above the SMA_5. In the short term, the stock shows a negative trend with the 91.26 below the SMA_20. In the mid term, the stock shows a negative trend with the 95.72 below the SMA_60. In the long term, the stock shows a positive trend with the 99.7 above the SMA_200.
Swing
Positive
Stock Price Above SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Positive
SMA_60 Above SMA_200
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What do technical indicators suggest about OKE's current trend?What are OKE's key support and resistance levels?