ONEOK stock: buy or sell

OKE stock price: $52.16 3.02% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

2

ONEOK stock brief

  • ONEOK closed on Wednesday at $52.16 after skyrocketing a 3.02%.
  • ONEOK is presenting its earnings report next Tuesday
  • Price is drawing a scaled uptrend since September 2020 with higher tops and higher bottoms. This rally marked a 136.45% gain. On Wednesday ONEOK broke out above $51.91 giving an entry point
  • On Wednesday broke out above its latest top at $51.91
  • Raymond James posted a bullish rating for ONEOK on Wednesday, forecasting $54.00
  • On April 15 broke out above its latest top at $51.91
  • ONEOK, Inc., together with its subsidiaries, engages in gathering, processing, storage, and transportation of natural gas in the United States.

Should I buy ONEOK stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $OKE stock a buy?

In the current situation of ONEOK there is just one buy setup eligible:

Uptrend buy setup

ONEOK stock is in an uptrend since in September 2020 that so far marked a gorgeous 136.00% gain. Price marked a local bottom in this uptrend at $47.01 in late March, and since then it bounced off a 10.96%. Price just broke out above the entry point at $51.91, but it's still eligible. If price goes above $54.51, don't chase the price and wait for the next entry point. If you decide to enter this trade, the suggested stop loss is at $46.72

Buy setupBuy pointStop lossRisk
Uptrend buy setup$51.91$46.7210.00%

Should I sell ONEOK stock?

When you are a novel trader and you own a stock with some profit, it's really hard to decide the correct moment to sell and get your profits. Just as when we have to buy shares, deciding when is appropiate to sell is not a whimsy decision, and we must use our own trading strategy. When selling, as well as buying, our strategies are very simple to use and are only applicable for selling shares you already own, not for shorting ONEOK stock

A golden rule is that you should not mantain an investment that results in higher than expected losses at the time of purchase. The moment to sell your stock must always be determined by the stop-loss (automatic or manual)

Is it time to sell ONEOK stock?

In the current situation of ONEOK there is not any eligible sell setup, so ONEOK stock holders with operations in profit can keep their positions

ONEOK ratings

In the last month, 4 ratings were published for ONEOK

ONEOK analysts' ratings - Last 30 days
Brokerage firmRating
Mar 29th, 2021
Morgan Stanley Sell
Apr 7th, 2021
Mizuho Neutral
Apr 15th, 2021
Raymond James Buy
Apr 21st, 2021
Raymond James Buy

ONEOK stock analysis

Since in September 2020, ONEOK has been drawing an uptrend that so far marked an amazing 136.45%. During this uptrend, the price provided some buy points on the breakouts. Latest pullback was in late March, when price bounced at $47.01. On Wednesday, ONEOK broke out above its last top ($51.91) offering a good buying opportunity

SMAs overview

OKE stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $52.53 (0.71% above)
  • R2: $52.85 (1.32% above)
  • R3: $53.95 (3.43% above)
  • The current supports are:

  • S1: $51.91 (-0.48% below)
  • S2: $48.87 (-6.31% below)
  • S3: $48.51 (-7.00% below)
  • Bollinger bands

    The price is moving near to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a sell point, as price can move in these levels for many days and weeks

    OKE stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last February after just crossing to the overbough zone for a single day (weak signal). The RSI reading on Wednesday was 59.68

    OKE stock RSI chart

    ONEOK stock price history

    ONEOK went public priced at an adjusted price1 of $0.00 on Oct 1980. Since then, OKE stock surged by -, with an average of 0.00% per year. An investment of $1,000USD on Oct 1980 would have a value of $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    OKE stock price history chart

    Price target for ONEOK stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.

    The following table shows the price target released by analysts over the last 30 days. Again, these forecasts are not direct recommendations for small investors and must not be trusted blindly.

    The average price target for ONEOK stock calculated from the table below is $51.00. That is a 2.22% than the last price ($52.16).

    ONEOK stock price predictions
    Brokerage firmPrice target
    Mar 29th, 2021
    Morgan Stanley $40.00$47.00
    Apr 7th, 2021
    Mizuho $44.00$49.00
    Apr 15th, 2021
    Raymond James $47.00$54.00
    Apr 21st, 2021
    Raymond James $47.00$54.00

    Earnings and financials

    ONEOK ($OKE) will host the earnings call next Tuesday. Estimated for this quarter is $0.76, compared to $0.69 that was reported for Q4.

    Last February, ONEOK, Inc. ($OKE) posted EPS for that slightly worsened analysts' expectations. Quarterly EPS was $0.69 per share vs the estimates of $0.73. This quarterly report represents an earnings surprise of -5.48%. On the contrary, reported sales were $2.6 billion, consistent with analysts' forecasts.

    Same quarter last year, reported EPS was $0.77, so current EPS is a decrease of -10.39%. Sales only changed on an annualized basis in the , from $26.6B to $25.7B last quarter.

    ONEOK performance

    OKE performance compared
    Company1m3m6m
    ONEOK ($OKE) 9.80% 21.20% 91.10%

    Important:
    The viewpoints written in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this article does not know the particular situations of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for general educational motives only

    ONEOK summary

    Wednesday, April 21st, 2021
    Open$50.19
    Close$52.16
    Day range$49.93 - $52.3
    Previous close$50.63
    Session gain3.02%
    Average true range$1.27
    50d mov avg$48.78
    100d mov avg$44.23
    200d mov avg$35.64
    Earnings dateApril 27th, 2021

    Frequently asked questions

    What is ONEOK stock symbol?

    ONEOK, Inc. is a public company trading in the US stock market with the OKE symbol

    Is ONEOK stock a buy or sell?

    ONEOK received 4 ratings in the last 30 days: 2 bullish, 1 bearish and 1 neutral.

    Will OKE go up?

    ONEOK had different price forecasts posted by market analysts in the last 4 weeks forecasting the target price to $51.00. That is a 2.22% than the current price ($52.16).