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Archive
- 5/23/2025 -
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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 -4.53 points, or -5.29%, and closed at 81.14 on Friday, May 23, 2025. Weekly volume was -22% below 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 March 18, 2020 at 12.16 and reached 118.10 on November 22, 2024. OKE gained -105.94 points, or -871.22%, in 244 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (93.52) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. OKE may retest the broken support line. It is considered to be a resistance line now. 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 long-term trend.
 Medium-term trend: [See OKE medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 75.48 and reached 88.19 on April 29, 2025. OKE gained -12.71 points, or -16.84%, in 3 weeks. The chart has formed a Ascending Triangle chart pattern. The price is near the trend support (80.58) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See OKE weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is below its signal line since December 20, 2024. The distance between MACD and the signal line is relatively high, but getting smaller. 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 May 13, 2025 at 87.98 and reached 80.31 on May 22, 2025. OKE lost 7.67 points, or 8.72%, in 9 days. The price is now at the 10.82% retracement level.
Daily Technical Indicators: [See OKE daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since May 7, 2025. The distance between MACD and the signal line is low and getting smaller.
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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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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