ONEOK INC.
ONEOK INC.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: OKE
ISIN:

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

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by ONEOK INC.:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

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:

Central Indicators

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

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:

Central Patterns

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:

Central Candlesticks

White gravestone / inverted hammer

Type : Neutral

Timeframe : Daily


Upside gap

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard67.5268.6269.4770.5771.4272.5273.37
Camarilla69.7969.9770.1570.3370.5170.6970.87
Woodie67.4168.5669.3670.5171.3172.4673.26
Fibonacci68.6269.3669.8270.5771.3171.7772.52


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard66.1467.1168.1569.1270.1671.1372.17
Camarilla68.6568.8369.0269.2069.3869.5769.75
Woodie66.1967.1368.2069.1470.2171.1572.22
Fibonacci67.1167.8768.3569.1269.8870.3671.13


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard62.9566.5070.1073.6577.2580.8084.40
Camarilla71.7272.3873.0473.6974.3575.0075.66
Woodie62.9766.5170.1273.6677.2780.8184.42
Fibonacci66.5069.2470.9273.6576.3978.0780.80

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%

This member declared not having a position on this financial instrument or a related financial instrument.

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