OGE ENERGY CORP (OGE) Stock Technical Analysis
NYSE:OGE - New York Stock Exchange, Inc. - US6708371033 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to OGE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OGE is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, OGE did better than 90% of all other stocks. We also observe that the gains produced by OGE over the past year are nicely spread over this period.
OGE is one of the better performing stocks in the Electric Utilities industry, it outperforms 73% of 46 stocks in the same industry.
OGE is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so OGE slightly outperforms the market at the moment.
In the last month OGE has a been trading in the 40.80 - 46.91 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
OGE has an average volume of 1422480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
OGE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 46.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 44.80, a Stop Loss order could be placed below this zone.
More info and screens
38.59
46.85
When analyzing the support we can see 5 important areas.
- A support zone ranging from 43.77 to 44.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.09 to 42.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @41.19 from a horizontal line in the daily time frame.
- A support zone ranging from 39.66 to 39.75. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @38.98 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 46.29 to 46.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.94
Mansfield1.49
10 Day High45.74
10 Day Low42.62
20 Day High46.91
20 Day Low40.8
52 Week High46.91
52 Week Low33.98
Performance
1 Week1.14%
2 Weeks4.1%
1 Month0.85%
3 Month4.65%
6 Month11.71%
12 Month33.68%
2 Year20.43%
3 Year16.88%
5 Year43.43%
10 Year38.34%
15 Year118.51%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.1
RSI(14)54.57
LBB42.14
UBB46.14
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 46.40 | 43.76 | 2.64 (5.69%) | 17.58% |
| An entry @46.40. This is a Buy Stop order right above the resistance zone. | An exit @43.76. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.64 points, which is 5.69%. | For a 1.00% total portfolio risk, you can invest 17.58% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
45.21
+0.17 (+0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.38%
1 Week1.14%
2 Weeks4.1%
1 Month0.85%
3 Month4.65%
6 Month11.71%
12 Month33.68%
2 Year20.43%
3 Year16.88%
5 Year43.43%
10 Year38.34%
15 Year118.51%
Volatility
ATR(14)1.44
ATR(20)%2.72%
ATR Inc-40.59%
Range Today0.9
ADR(20)1.19
ADR(20)%2.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.94
Mansfield1.49
10 Day High45.74
10 Day Low42.62
20 Day High46.91
20 Day Low40.8
52 Week High46.91
52 Week Low33.98
CS1 End44.8
CR1 Start46.29
Volume & EV
DER(3)1.29%
DER(5)1.09%
Volume1.05M
Volume Incr-44.63%
Vol(5)847.38K
Vol(50)1.42M