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Archive
- 6/5/2026 -
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ONEOK Inc. (OKE) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the ONEOK Inc. (OKE). During the week, the OKE gained 4.31 points, or 5.13%, and closed at 88.25 on Friday, June 5, 2026. Weekly volume was -28% below average.
 Long-term trend: [See OKE long-term trend chart]
A long-term downtrend had started on November 22, 2024 at 118.10 and reached 64.02 on November 4, 2025. OKE lost 54.08 points, or 45.79%, in 49 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 86.48 and resistance is at 92.02. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See OKE medium-term trend chart]
A medium-term uptrend had started on November 4, 2025 at 64.02 and reached 96.07 on May 20, 2026. OKE gained -32.05 points, or -50.06%, in 28 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See OKE weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 14, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See OKE short-term trend chart]
A short-term uptrend had started on April 17, 2026 at 81.25 and reached 96.07 on May 20, 2026. OKE gained -14.82 points, or -18.24%, in 33 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 87.10 and resistance is at 98.84. 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 short-term trend.
Daily Technical Indicators: [See OKE daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 26, 2026.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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