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Asset Summary

Weekly Performance Report for OKE ETF: Week 52, 2024

Summary: The Weekly started with OKE ETF opening at $99.63 and closing at $100.83. The ETF showed resilience throughout the Weekly, with the highest price observed at $102.31 and the lowest at $98.61. The underlying asset had a trading range of $3.70 Overall, it was a positive trading Weekly for OKE ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $1.20 or 1.20% in the closing price from the opening to the closing price over the Weekly.

Volume Analysis: Trading volume for OKE ETF was 7,303,533 units during Week 52, indicating active market participation and investor interest.

Opening Price: The Weekly started at $99.63.

Highest Price: The highest price observed during the Weekly was $102.31.

Lowest Price: The lowest price observed during the Weekly was $98.61.

Closing Price: The Weekly ended at $100.83.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

ONEOK aims to provide a sustainable dividend to its shareholders, reflecting its stable cash flow.

The company is headquartered in Tulsa, Oklahoma.

Challenges include regulatory changes, market volatility, and competition in the midstream sector.

Investors can visit the investor relations section of ONEOK’s website for the latest news and financial reports.

Yes, ONEOK is publicly traded on the New York Stock Exchange under the ticker symbol OKE.

Research and development at ONEOK focus on enhancing operational efficiency and exploring new energy technologies.

ONEOK differentiates itself through its extensive pipeline network and integrated service offerings in natural gas and NGLs.

ONEOK was founded in 1906.

ONEOK primarily operates in the United States, focusing on the Rocky Mountain and Mid-Continent regions.

Recent developments include investments in expanding pipeline capacity and infrastructure projects.

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