OKTA Technical Analysis - OKTA INC

Technical Rating and Analysis

Overall OKTA gets a technical rating of 2 out of 10. OKTA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

In the last month OKTA has a been trading in the 88.55 - 96.37 range, which is quite wide. It is currently trading near the lows of this range.

OKTA has an average volume of 3444760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

When comparing the performance of all stocks over the past year, OKTA turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.

OKTA is an average performer in the IT Services industry, it outperforms 60% of 86 stocks in the same industry.

OKTA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OKTA is lagging the market.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

OKTA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 89.34, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

86.29

95.87

We found 1 important support area.

A support zone ranging from 87.16 to 89.34. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 89.50 to 90.15. This zone is formed by a combination of multiple trend lines in the daily time frame.
A resistance zone ranging from 91.94 to 94.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for OKTA is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for OKTA is neutral.
ChartMill Relative Strength	65.25	NEUTRAL	OKTA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of OKTA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of OKTA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of OKTA is below the rising SMA(200).
Relative Strength Index/RSI (14)	43.61	NEUTRAL	The RSI value for OKTA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.09	NEGATIVE	The MACD value suggests OKTA has a negative trend.
Stochastics (14,3)	41.21	NEUTRAL	The Stochastics value for OKTA is a neutral value.
Average True Range in percent/ATR (20)	3.53	MEDIUM VOLATILITY	The ATR as a percentage value for OKTA suggests some volalility.
Average Directional Index/ADX (14)	11.64	NEGATIVE	The low ADX value for OKTA suggests a weak or negative trend.