OKTA INC (OKTA) Stock Technical Analysis
USA - NASDAQ:OKTA - US6792951054 - Common Stock
Overall OKTA gets a technical rating of 1 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 technical rating of OKTA is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
84.35
We found 1 important support area.
- A support zone ranging from 85.20 to 85.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 89.99 to 91.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 93.03 to 93.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for OKTA is down. |
| ChartMill Relative Strength | 53.1 | 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) | DOWN | NEGATIVE | The current price of OKTA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.16 | NEUTRAL | The RSI value for OKTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests OKTA has a negative trend. |
| Stochastics (14,3) | 17.7 | OVERSOLD | The low Stochastics value suggests OKTA may be oversold. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for OKTA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.06 | NEGATIVE | The low ADX value for OKTA suggests a weak or negative trend. |
85.21
-0.66 (-0.77%)
OKTA INC / OKTA FAQ
What is the technical rating for OKTA stock?
ChartMill assigns a technical rating of 1 / 10 to OKTA.
Can you provide the trend direction for OKTA INC?
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 39.1586. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OKTA INC?
The MACD indicator for OKTA INC (OKTA) has a value of -0.270819, indicating a bearish trend.
What are the support and resistance levels for OKTA INC (OKTA) stock?
OKTA INC (OKTA) has a support level at 85.2 and a resistance level at 89.99. Check the full technical report for our detailed analysis of OKTA support and resistance levels.