OKTA INC (OKTA)
US6792951054 - Common Stock
We assign a technical rating of 8 out of 10 to OKTA. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
OKTA is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that OKTA is one of the better performing stocks in the market, outperforming 85% of all stocks. On top of that, OKTA also shows a nice and consistent pattern of rising prices.
OKTA is part of the IT Services industry. There are 86 other stocks in this industry. OKTA outperforms 85% of them.
OKTA has an average volume of 2008880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
OKTA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OKTA is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, OKTA also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 95.75, a Stop Loss order could be placed below this zone.
More info and screens
67.84
97.53
When analyzing the support we can see 5 important areas.
- A support zone ranging from 93.81 to 95.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 92.03 to 92.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @82.46 from a horizontal line in the daily time frame.
- Support @78.76 from a trend line in the weekly time frame.
- Support @68.53 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @96.56 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.19
Mansfield0.62
10 Day High97.74
10 Day Low90.67
20 Day High101.94
20 Day Low90.67
52 Week High114.5
52 Week Low65.04
Performance
1 Week4.62%
2 Weeks4.91%
1 Month-4.88%
3 Month16.63%
6 Month38.17%
12 Month30.86%
2 Year16.26%
3 Year-56.59%
5 Year-14.72%
10 YearN/A
15 YearN/A
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)0.29
RSI(14)50.73
LBB91.37
UBB96.15
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 |
|---|---|---|---|
| 96.57 | 93.80 | 2.77 (2.87%) | 25.00% |
| An entry @96.57. This is a Buy Stop order right above the resistance zone. | An exit @93.80. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.77 points, which is 2.87%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.72%. |
- The distance between exit and entry is rather small compared to the average daily movement of OKTA. Please evaluate whether better entry and exit points can be found.
- 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.
OKTA INC
NASDAQ:OKTA (5/3/2024, 7:10:15 PM)
After market: 96.01 -0.54 (-0.56%)96.55
+1.07 (+1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.12%
1 Week4.62%
2 Weeks4.91%
1 Month-4.88%
3 Month16.63%
6 Month38.17%
12 Month30.86%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.59
ATR(20)%2.64%
ATR Inc
Range Today2.76
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High97.74
10 Day Low90.67
20 Day High101.94
20 Day Low90.67
52 Week High114.5
52 Week Low65.04
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume982.20K
Volume Incr-0.98%
Vol(5)1.09M
Vol(50)2.01M