ONEOK Inc Shares Enter Oversold Territory, Bullish Signs Ahead

ONEOK Inc sees its RSI drop to 29.7, signaling oversold conditions. As investors assess bullish opportunities, OKE shares might attract interest for potential rebounds.

Date: 05-03-2025

AI Rating: 6

Overview of ONEOK Inc's Stock Performance
In the recent report, ONEOK Inc (OKE) was noted for its Relative Strength Index (RSI), which was measured at 29.7, indicating the stock is considered oversold. This occurs when the RSI falls below 30, reflecting a point of potential buying interest.

Additionally, the report mentioned that the S&P 500 ETF (SPY) shows a higher RSI of 33.8, emphasizing the more pronounced overselling of OKE in comparison. Investors often view such dips in the RSI as exhaustion of selling pressure, potentially signaling a buying opportunity.

52 Week Range
At the time of trading mentioned in the analysis, OKE shares were priced at $90.76, with a notable low of $76.23 and a high of $118.07 within the 52-week range. This further contextualizes the current stock price and highlights the volatility and breadth of price action for OKE within the year.

Stocks: OKE