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Downtrend Broken Resist.Archive
- 5/22/2026 -
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ONEOK Inc. (OKE) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the ONEOK Inc. (OKE). During the week, the OKE gained 1.71 points, or 1.85%, and closed at 94.03 on Friday, May 22, 2026. Weekly volume was -15% 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 downtrend resistance line (85.10) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. OKE may retest the broken resistance line. It is considered to be a support line now. 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 resistance line 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. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 85.01 and resistance is at 104.77. 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 medium-term trend.
 Weekly Technical Indicators: [See OKE weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 link to access Williams' Percentage Range help.
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, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 May 7, 2026 at 83.66 and reached 96.07 on May 20, 2026. OKE gained -12.41 points, or -14.83%, in 13 days. The price is now at the 16.44% retracement level.
 Daily Technical Indicators: [See OKE daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since May 13, 2026. This is an indication that the short-term trend is up.
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