ONEOK INC. - Daily - Technical analysis published on 10/24/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 68.19 USD
My targets
71.19 USD (+0.39%)
73.69 USD (+3.92%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on ONEOK INC. as long as the price remains well above 68.19 USD. The buyers” bullish objective is set at 71.19 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 73.69 USD. If there is any crossing, the next objective would be the resistance located at 76.50 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
5.2
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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
ONEOK INC. rating 70.91 USD. The price registered an increase of +0.83% on the session and was between 69.53 USD and 70.97 USD. This implies that the price is at +1.98% from its lowest and at -0.08% from its highest.69.53
70.97
70.91
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ONEOK INC.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ONEOK INC. chart shows a bullish trend. 75% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : Daily
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 63.62 | 66.76 | 68.19 | 70.91 | 71.19 | 73.69 | 76.50 |
| Change (%) | -10.28% | -5.85% | -3.84% | - | +0.39% | +3.92% | +7.88% |
| Change | -7.29 | -4.15 | -2.72 | - | +0.28 | +2.78 | +5.59 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | Major |
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 | 67.52 | 68.62 | 69.47 | 70.57 | 71.42 | 72.52 | 73.37 |
| Camarilla | 69.79 | 69.97 | 70.15 | 70.33 | 70.51 | 70.69 | 70.87 |
| Woodie | 67.41 | 68.56 | 69.36 | 70.51 | 71.31 | 72.46 | 73.26 |
| Fibonacci | 68.62 | 69.36 | 69.82 | 70.57 | 71.31 | 71.77 | 72.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.14 | 67.11 | 68.15 | 69.12 | 70.16 | 71.13 | 72.17 |
| Camarilla | 68.65 | 68.83 | 69.02 | 69.20 | 69.38 | 69.57 | 69.75 |
| Woodie | 66.19 | 67.13 | 68.20 | 69.14 | 70.21 | 71.15 | 72.22 |
| Fibonacci | 67.11 | 67.87 | 68.35 | 69.12 | 69.88 | 70.36 | 71.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.95 | 66.50 | 70.10 | 73.65 | 77.25 | 80.80 | 84.40 |
| Camarilla | 71.72 | 72.38 | 73.04 | 73.69 | 74.35 | 75.00 | 75.66 |
| Woodie | 62.97 | 66.51 | 70.12 | 73.66 | 77.27 | 80.81 | 84.42 |
| Fibonacci | 66.50 | 69.24 | 70.92 | 73.65 | 76.39 | 78.07 | 80.80 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.29 | |
| MACD (12,26,9): | -0.6800 | |
| Directional Movement: | -0.14 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 69.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 68.24 | |
| Elder Ray (13): | 0.20 | |
| Super Trend (3,10): | 72.17 | |
| Zig ZAG (10): | 70.91 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 50.63 | |
| TEMA (21): | 68.88 | |
| Williams %R (14): | -34.94 | |
| Chande Momentum Oscillator (20): | 0.19 | |
| Repulse (5,40,3): | 2.3400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 6.90 |
| MA7: | 69.49 | |
| MA20: | 70.52 | |
| MA50: | 71.41 | |
| MA100: | 69.41 | |
| MAexp7: | 69.89 | |
| MAexp20: | 70.45 | |
| MAexp50: | 70.71 | |
| MAexp100: | 69.64 | |
| Price / MA7: | +2.04% | |
| Price / MA20: | +0.55% | |
| Price / MA50: | -0.70% | |
| Price / MA100: | +2.16% | |
| Price / MAexp7: | +1.46% | |
| Price / MAexp20: | +0.65% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +1.82% |
News
Don"t forget to follow the news on ONEOK INC.. At the time of publication of this analysis, the latest news was as follows:
- ONEOK Increases Quarterly Dividend
- ONEOK Third-quarter 2019 Conference Call and Webcast Scheduled
- ONEOK Included in Dow Jones Sustainability North America Index
- ONEOK to Present at Barclays CEO Energy Conference
- ONEOK to Participate in the Citi Midstream Infrastructure Conference
This member declared not having a position on this financial instrument or a related financial instrument.
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