OKTA INC (OKTA) Stock Technical Analysis
NASDAQ:OKTA - US6792951054 - Common Stock
92.77 USD
+0.18 (+0.19%)
92.6 USD
-0.17 (-0.18%)
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 87.24 - 98.87 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
OKTA has an average volume of 3839930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, OKTA outperforms 47% of them, which is more or less in line with the market.
OKTA is an average performer in the IT Services industry, it outperforms 54% of 83 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.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, OKTA does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 92.14, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for OKTA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
75.84
102.11
When analyzing the support we can see 3 important areas.
- A support zone ranging from 91.55 to 92.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 87.16 to 89.73. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @76.61 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @92.96 from a trend line in the weekly time frame.
- A resistance zone ranging from 99.97 to 101.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 47.83 | NEUTRAL | OKTA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of OKTA is above 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) | 48.7 | NEUTRAL | The RSI value for OKTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.43 | POSITIVE | The MACD value suggests OKTA has a positive trend. |
| Stochastics (14,3) | 47.78 | NEUTRAL | The Stochastics value for OKTA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.68 | MEDIUM VOLATILITY | The ATR as a percentage value for OKTA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.34 | 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)
92.77
+0.18 (+0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.19%
1 Week0.78%
2 Weeks0.82%
1 Month-2.48%
3 Month-10.08%
6 Month2.52%
12 Month17.83%
2 Year11.09%
3 Year1.5%
5 Year-56.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.32
ATR(20)%3.68%
ATR Inc33.49%
Range Today5.01
ADR(20)3.3
ADR(20)%3.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.83
Mansfield-0.82
10 Day High98.87
10 Day Low88.33
20 Day High98.87
20 Day Low87.24
52 Week High127.57
52 Week Low70.56
CS1 End92.14
CR1 Start92.96
Volume & EV
DER(3)5.74%
DER(5)1.54%
Volume8.81M
Volume Incr221.63%
Vol(5)9.77M
Vol(50)3.84M