Oneok, Inc. is a midstream service provider offering gathering, processing, fractionation, transportation, storage, and marine export services. It operates in four segments: Natural Gas Gathering and Processing (serving producers in the northern and central U.S.), Natural Gas Liquids (handling NGLs in the southern and Rocky Mountain regions), Natural Gas Pipelines (transporting and storing natural gas), and Refined Products and Crude (handling refined products and crude oil, plus related commodity activities). These operations span several key U.S. regions, including North Dakota, Montana, Wyoming, Kansas, Oklahoma, Texas, New Mexico, and the Rocky Mountains.
When researching a stock like ONEOK, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from OKE Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for OKE stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the OKE 200 day moving average ("OKE 200 DMA"), while one of the most popular "shorter look-backs" is the OKE 50 day moving average ("OKE 50 DMA"). A chart showing both of these popular moving averages is shown on this page for ONEOK. |
Free OKE Email Alerts:
Video: Technical Analysis