OKTA INC (OKTA) Stock Technical Analysis
NASDAQ:OKTA - Nasdaq - US6792951054 - Common Stock - Currency: USD
Overall OKTA gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OKTA is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
OKTA is one of the better performing stocks in the IT Services industry, it outperforms 76% of 82 stocks in the same industry.
OKTA is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so OKTA slightly outperforms the market at the moment.
In the last month OKTA has a been trading in the 87.93 - 114.12 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
OKTA has an average volume of 4117180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, OKTA did better than 90% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although OKTA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
74.17
117.89
3 important support areas can be observed.
- A support zone ranging from 100.19 to 103.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @94.37 from a trend line in the daily time frame.
- Support @74.92 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 116.31 to 116.72. This zone is formed by a combination of multiple trend lines 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
CRS90.24
Mansfield2.77
10 Day High114.12
10 Day Low91.4
20 Day High114.12
20 Day Low87.93
52 Week High118.07
52 Week Low70.56
Performance
1 Week14.06%
2 Weeks11.93%
1 Month7.14%
3 Month19.04%
6 Month53.16%
12 Month16.17%
2 Year63.67%
3 Year-5.99%
5 Year-25.87%
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)1.68
RSI(14)63.26
LBB90.74
UBB112.4
112.16
-0.38 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.34%
1 Week14.06%
2 Weeks11.93%
1 Month7.14%
3 Month19.04%
6 Month53.16%
12 Month16.17%
2 Year63.67%
3 Year-5.99%
5 Year-25.87%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.44
ATR(20)%5.05%
ATR Inc53.28%
Range Today5.24
ADR(20)4.94
ADR(20)%4.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.24
Mansfield2.77
10 Day High114.12
10 Day Low91.4
20 Day High114.12
20 Day Low87.93
52 Week High118.07
52 Week Low70.56
CS1 End103.19
CR1 Start116.31
Volume & EV
DER(3)-1.14%
DER(5)0.3%
Volume25.55M
Volume Incr172.98%
Vol(5)8.14M
Vol(50)4.12M