How Will the Market React to ONEOK, Inc. (OKE) Stock Getting a Bearish Rating

The market has been down on ONEOK, Inc. (OKE) stock recently. OKE gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

ONEOK, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on OKE!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With OKE Stock Today?

ONEOK, Inc. (OKE) stock is trading at $53.63 as of 2:34 PM on Monday, Oct 3, a rise of $2.39, or 4.66% from the previous closing price of $51.24. The stock has traded between $52.72 and $53.69 so far today. Volume today is below average. So far 1,180,570 shares have traded compared to average volume of 2,646,181 shares. To screen for more stocks like ONEOK, Inc. click here.

More About ONEOK, Inc.

Oneok provides natural gas gathering, processing, storage, and transportation as well as natural gas liquids transportation and fractionation. It owns extensive assets in the midcontinent, Permian, and Rocky Mountain regions. Click Here to get the full Stock Report for ONEOK, Inc. stock.