ONEOK Inc (OKE)
Oneok, Inc. is a diversified Fortune 500 energy corporation based in Tulsa, Oklahoma.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 15.21% per annum.
- OKE price at the close of April 1, 2025 was $99.50 and was higher than the top border of the primary price channel by $9.61 (10.70%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 49.87% per annum.
- OKE price at the close of April 1, 2025 was lower than the bottom border of the secondary price channel by $2.94 (2.87%). This indicates a possible reversal in the secondary trend direction.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of OKE price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: March 1, 2021
End date: March 1, 2024
a = 3.6427
b = 0.0004
s = 0.0738
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 15.21%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0738) – 1
= 34.36%
March 1, 2021 calculations
Top border of price channel:
Exp(Y228)
= Exp(a + b × X228 + 2 × s)
= Exp(a + b × 333 + 2 × s)
= Exp(3.6427 + 0.0004 × 333 + 2 × 0.0738)
= Exp(3.9196)
= $50.38
Bottom border of price channel:
Exp(Y228)
= Exp(a + b × X228 – 2 × s)
= Exp(a + b × 333 – 2 × s)
= Exp(3.6427 + 0.0004 × 333 – 2 × 0.0738)
= Exp(3.6242)
= $37.50
March 1, 2024 calculations
Top border of price channel:
Exp(Y984)
= Exp(a + b × X984 + 2 × s)
= Exp(a + b × 1,429 + 2 × s)
= Exp(3.6427 + 0.0004 × 1,429 + 2 × 0.0738)
= Exp(4.3449)
= $77.08
Bottom border of price channel:
Exp(Y984)
= Exp(a + b × X984 – 2 × s)
= Exp(a + b × 1,429 – 2 × s)
= Exp(3.6427 + 0.0004 × 1,429 – 2 × 0.0738)
= Exp(4.0495)
= $57.37
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 15.21% per annum.
- OKE price at the close of April 1, 2025 was $99.50 and was higher than the top border of the primary price channel by $9.61 (10.70%).
Secondary Trend
Start date: May 15, 2023
End date: January 30, 2025
a = 2.6956
b = 0.0011
s = 0.0447
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 49.87%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0447) – 1
= 19.60%
May 15, 2023 calculations
Top border of price channel:
Exp(Y784)
= Exp(a + b × X784 + 2 × s)
= Exp(a + b × 1,138 + 2 × s)
= Exp(2.6956 + 0.0011 × 1,138 + 2 × 0.0447)
= Exp(4.0466)
= $57.21
Bottom border of price channel:
Exp(Y784)
= Exp(a + b × X784 – 2 × s)
= Exp(a + b × 1,138 – 2 × s)
= Exp(2.6956 + 0.0011 × 1,138 – 2 × 0.0447)
= Exp(3.8677)
= $47.83
January 30, 2025 calculations
Top border of price channel:
Exp(Y1,213)
= Exp(a + b × X1,213 + 2 × s)
= Exp(a + b × 1,764 + 2 × s)
= Exp(2.6956 + 0.0011 × 1,764 + 2 × 0.0447)
= Exp(4.7406)
= $114.50
Bottom border of price channel:
Exp(Y1,213)
= Exp(a + b × X1,213 – 2 × s)
= Exp(a + b × 1,764 – 2 × s)
= Exp(2.6956 + 0.0011 × 1,764 – 2 × 0.0447)
= Exp(4.5616)
= $95.74
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 49.87% per annum.
- OKE price at the close of April 1, 2025 was lower than the bottom border of the secondary price channel by $2.94 (2.87%). This indicates a possible reversal in the secondary trend direction.