While on a 14 day downtrend A slight improvement can be seen from yesterday's session: without a clear direction, OGE closed at $35 while ranging between $34.88 and $35.16.

United States JOLTs Job Openings (Apr) is next.

OGE's state is reflected by market data as United States Consumer Confidence released yesterday at 14:00 UTC is better than expected at 102.3 but down from preceding data of 103.7 according to new data. United States S&P/CS HPI Composite – 20 n.s.a. (YoY) (Mar) released yesterday at 13:00 UTC with a figure of -1.1, while the previous figure was 0.4.

Support/Resistance levels obtained from chart analysis indicate that OGE Energy Corp. is approaching key support, around 14 cents away from $34.87. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls. With regards to technical trend indicators, chart analysis show that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to asset volatility analysis, OGE's upper Bollinger Band® is at $38.57 and the lower is $34.54.

Overall, the technical outlook suggests OGE is likely to remain muted for the immediate future, with no clear-cut direction.

Meanwhile, mixed performances were seen by other utilities stocks as NextEra Energy went down to $72.69, losing 1.66% after it closed at $73.92 yesterday.

Data to be released today might clear up some of the market fog as United States Crude Oil Inventories is projected to outperform its last figure with -1.10 million. It previously stood at -12.46 million; data will be released tomorrow at 15:00 UTC. United States ADP Nonfarm Employment Change (May) is scheduled for tomorrow at 12:15 UTC. Tomorrow at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 235,000 from the preceding figure of 229,000.

On a negative trend for around a month. The current year has not been the best for the electric utility company as it lost 11.4% from its highest point of $42.78.