OGE ENERGY CORP - Daily - Technical analysis published on 11/06/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 43.15 USD
My targets
41.98 USD (-1.92%)
40.65 USD (-5.02%)
My analysis
The strong short-term decline of OGE ENERGY CORP reinforces the current slightly bearish trend. As long as the price remains below 43.15 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 41.98 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 40.65 USD as an objective. Crossing it would then enable sellers to target 40.07 USD. A return to above 43.15 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
2.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OGE ENERGY CORP price is 42.80 USD. The price is lower by -0.35% since the last closing and was traded between 42.63 USD and 43.13 USD over the period. The price is currently at +0.40% from its lowest and -0.77% from its highest.42.63
43.13
42.80
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of OGE ENERGY CORP in Daily shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 40.07 | 40.65 | 41.98 | 42.80 | 43.15 | 43.78 | 45.43 |
| Change (%) | -6.38% | -5.02% | -1.92% | - | +0.82% | +2.29% | +6.14% |
| Change | -2.73 | -2.15 | -0.82 | - | +0.35 | +0.98 | +2.63 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.40 | 42.60 | 42.82 | 43.02 | 43.24 | 43.44 | 43.66 |
| Camarilla | 42.92 | 42.96 | 43.00 | 43.04 | 43.08 | 43.12 | 43.16 |
| Woodie | 42.41 | 42.61 | 42.83 | 43.03 | 43.25 | 43.45 | 43.67 |
| Fibonacci | 42.60 | 42.76 | 42.86 | 43.02 | 43.18 | 43.28 | 43.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.93 | 42.27 | 42.66 | 43.00 | 43.39 | 43.73 | 44.12 |
| Camarilla | 42.84 | 42.91 | 42.97 | 43.04 | 43.11 | 43.17 | 43.24 |
| Woodie | 41.95 | 42.28 | 42.68 | 43.01 | 43.41 | 43.74 | 44.14 |
| Fibonacci | 42.27 | 42.55 | 42.72 | 43.00 | 43.28 | 43.45 | 43.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.82 | 40.47 | 41.77 | 43.43 | 44.72 | 46.38 | 47.67 |
| Camarilla | 42.25 | 42.52 | 42.79 | 43.06 | 43.33 | 43.60 | 43.87 |
| Woodie | 38.63 | 40.38 | 41.58 | 43.33 | 44.54 | 46.29 | 47.49 |
| Fibonacci | 40.47 | 41.60 | 42.30 | 43.43 | 44.55 | 45.25 | 46.38 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.06 | |
| MACD (12,26,9): | -0.1700 | |
| Directional Movement: | -2.15 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 42.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 43.65 | |
| Elder Ray (13): | -0.17 | |
| Super Trend (3,10): | 44.02 | |
| Zig ZAG (10): | 42.80 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 55.19 | |
| TEMA (21): | 42.76 | |
| Williams %R (14): | -55.82 | |
| Chande Momentum Oscillator (20): | 0.18 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 0.08 |
| MA7: | 42.95 | |
| MA20: | 43.00 | |
| MA50: | 43.42 | |
| MA100: | 42.92 | |
| MAexp7: | 42.98 | |
| MAexp20: | 43.15 | |
| MAexp50: | 43.21 | |
| MAexp100: | 42.83 | |
| Price / MA7: | -0.35% | |
| Price / MA20: | -0.47% | |
| Price / MA50: | -1.43% | |
| Price / MA100: | -0.28% | |
| Price / MAexp7: | -0.42% | |
| Price / MAexp20: | -0.81% | |
| Price / MAexp50: | -0.95% | |
| Price / MAexp100: | -0.07% |
News
Don"t forget to follow the news on OGE ENERGY CORP. At the time of publication of this analysis, the latest news was as follows:
- OGE Energy Corp. third quarter 2019 earnings webcast
- OGE Energy Corp. increases annual dividend to $1.55 per share
- OG&E completes acquisition of Oklahoma Cogen LLC; changes name to Frontier Power Plant
- OGE Energy Corp. reports second quarter results
- OGE Energy Corp. second quarter 2019 earnings webcast
This member declared not having a position on this financial instrument or a related financial instrument.
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