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Downtrend ExhaustionArchive
- 10/24/2025 -
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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 after 3 consecutive negative weeks for the ONEOK Inc. (OKE). During the week, the OKE climbed 0.52 points, or 0.76%, and closed at 68.61 on Friday, October 24, 2025. OKE was trading at average weekly trading volume.
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 (100.22) is broken. A broken support is considered to be a long-term bearish signal. 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 downtrend had started on November 22, 2024 at 118.10 and reached 66.56 on October 17, 2025. OKE lost 51.54 points, or 43.64%, in 47 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 65.03 and resistance is at 71.67. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See OKE weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 links to access Lane's Stochastic and Williams' Percentage Range 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend 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 October 17, 2025 at 66.56 and reached 71.18 on October 23, 2025. OKE gained -4.62 points, or -6.94%, in 6 days. The price is now at the 55.63% retracement level.
 Daily Technical Indicators: [See OKE daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
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