Where Will ONEOK, Inc. (OKE) Stock Go Next After It Has Risen 3.59% in a Week?

Overall market sentiment has been high on ONEOK, Inc. (OKE) stock lately. OKE receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

ONEOK, Inc. has a Bullish 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?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With OKE Stock Today?

ONEOK, Inc. (OKE) stock is trading at $66.98 as of 2:16 PM on Monday, Nov 20, a gain of $0.35, or 0.53% from the previous closing price of $66.63. The stock has traded between $66.53 and $67.36 so far today. Volume today is less active than usual. So far 1,406,102 shares have traded compared to average volume of 3,610,020 shares.

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.