OKTA INC (OKTA) Stock Technical Analysis
USA - NASDAQ:OKTA - US6792951054 - Common Stock
Taking everything into account, OKTA scores 1 out of 10 in our technical rating. 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.
OKTA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
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71.52
When analyzing the support we notice one important area.
- Support @72.24 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 87.44 to 90.02. 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 | 54.52 | 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) | 36.96 | NEUTRAL | The RSI value for OKTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests OKTA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.31 | OVERSOLD | The low Stochastics value suggests OKTA may be oversold. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for OKTA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.25 | NEGATIVE | The low ADX value for OKTA suggests a weak or negative trend. |
83.94
+0.18 (+0.21%)
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 36.9613. 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 -0.36498, indicating a bearish trend.
What are the support and resistance levels for OKTA INC (OKTA) stock?
OKTA INC (OKTA) has a support level at 72.24 and a resistance level at 87.44. Check the full technical report for our detailed analysis of OKTA support and resistance levels.