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Archive
- 4/4/2025 -
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ONEOK Inc. (OKE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the ONEOK Inc. (OKE). During the week, the OKE dropped -17.62 points, or -17.89%, and closed at 80.86 on Friday, April 4, 2025. Weekly volume was 71% above average.
OKE is a member of Utilities Sector. Utilities is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See OKE long-term trend chart]
A long-term uptrend had started on September 26, 2022 at 50.50 and reached 118.10 on November 22, 2024. OKE gained -67.60 points, or -133.86%, in 112 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 71.77 and resistance is at 126.97. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See OKE medium-term trend chart]
A medium-term downtrend had started on November 22, 2024 at 118.10 and reached 80.46 on April 4, 2025. OKE lost 37.64 points, or 31.87%, in 19 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (83.42) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See OKE weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since December 20, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See OKE short-term trend chart]
A short-term downtrend had started on March 25, 2025 at 103.64 and reached 80.46 on April 4, 2025. OKE lost 23.18 points, or 22.37%, in 10 days. Price is near the trend low.
Daily Technical Indicators: [See OKE daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands is 138.68% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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