83.64 USD
-2.83 (-3.27%)
83.64 USD
0 (0%)
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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
OKTA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
OKTA has an average volume of 2430860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 42% of all stocks.
OKTA is an average performer in the IT Services industry, it outperforms 66% of 88 stocks in the same industry.
In the last month OKTA has a been trading in the 75.05 - 92.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
The technical rating of OKTA is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
77.54
95.87
When analyzing the support we notice one important area.
- A support zone ranging from 78.32 to 79.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 87.77 to 90.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @93.03 from a horizontal line in the daily time frame.
- Resistance @94.92 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for OKTA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OKTA is neutral. |
| ChartMill Relative Strength | 42.34 | NEUTRAL | OKTA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of OKTA is below the rising 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) | DOWN | NEGATIVE | The current price of OKTA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.46 | NEUTRAL | The RSI value for OKTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests OKTA has a negative trend. |
| Stochastics (14,3) | 9.38 | OVERSOLD | The low Stochastics value suggests OKTA may be oversold. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for OKTA suggests some volalility. |
| Average Directional Index/ADX (14) | 13.79 | NEGATIVE | The low ADX value for OKTA suggests a weak or negative trend. |
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)
83.64
-2.83 (-3.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-3.27%
1 Week-2.91%
2 Weeks-4.55%
1 Month5.62%
3 Month-7.32%
6 Month-12.75%
12 Month7.07%
2 Year-4.48%
3 Year26.55%
5 Year-65.99%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.13
ATR(20)%3.09%
ATR Inc-45.7%
Range Today3.78
ADR(20)2.6
ADR(20)%3.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.34
3 months CRS28.25
6 months CRS20.81
Mansfield-1.9
10 Day High92.84
10 Day Low86.45
20 Day High92.84
20 Day Low75.05
52 Week High127.57
52 Week Low75.05
CS1 End79.37
CR1 Start87.77
Volume & EV
DER(3)-0.93%
DER(5)-1.41%
Volume2.12M
Volume Incr-67.26%
Vol(5)1.14M
Vol(50)2.43M
OKTA INC / OKTA FAQ
What is the technical rating for OKTA stock?
ChartMill assigns a technical rating of 2 / 10 to OKTA.
What is the current trend direction of OKTA INC (OKTA) stock?
The current trend direction for OKTA INC (OKTA) is Bearish.
What is the RSI signal for OKTA INC (OKTA) stock?
OKTA INC (OKTA) has an RSI value of 46.4608. This indicates that the stock is currently neutral.
What is the short term momentum for OKTA stock?
The short term momentum for OKTA INC (OKTA) is neutral.