OKTA INC (OKTA) Technical Analysis
NASDAQ:OKTA • US6792951054
Current stock price
79.16 USD
+0.21 (+0.27%)
At close:
79.16 USD
0 (0%)
After Hours:
OKTA Technical Rating and Analysis
Taking everything into account, OKTA scores 0 out of 10 in our technical rating. OKTA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 84% of all other stocks performed better in the past year than OKTA.
- OKTA is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OKTA is lagging the market.
- OKTA has an average volume of 3194180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- OKTA is part of the IT Services industry. There are 87 other stocks in this industry, OKTA did better than 60% of them.
- In the last month OKTA has a been trading in the 68.77 - 88.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
OKTA Weekly and Daily overview Charts
OKTA Setup Rating and Analysis
OKTA has a poor technical rating and the quality of the setup is also only medium 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
OKTA Support and Resistance Analysis
71.78
94.30
2 important support areas can be observed.
- Support @73.97 from a trend line in the daily time frame.
- Support @72.50 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 80.72 to 84.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @88.90 from a trend line in the weekly time frame.
- A resistance zone ranging from 91.63 to 93.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
OKTA Technical Indicator Signal Analysis
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 | 16.23 | NEGATIVE | OKTA has a low relative strength, it was outperformed by 83.77% off all stocks 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) | DOWN | NEGATIVE | The current price of OKTA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.74 | NEUTRAL | The RSI value for OKTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.95 | POSITIVE | The MACD value suggests OKTA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.14 | NEUTRAL | The Stochastics value for OKTA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.22 | HIGH VOLATILITY | The high ATR as a percentage value for OKTA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.5 | NEUTRAL | The ADX value for OKTA suggests a possible start of a new trend. |
OKTA Chart- and CandleStick Pattern Analysis
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)
OKTA Technicals: Chart, Performance Metrics, Trend & Indicators
79.16
+0.21 (+0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.27%
1 Week-1.93%
2 Weeks9.19%
1 Month-6.77%
3 Month-12.22%
6 Month-12.38%
12 Month-29.67%
2 Year-24.34%
3 Year-8.21%
5 Year-64.09%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.67
ATR(20)%5.22%
ATR Inc-24%
Range Today2.82
ADR(20)3.94
ADR(20)%4.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.23
3 months CRS26.02
6 months CRS27.44
Mansfield-1.98
10 Day High82.49
10 Day Low70.16
20 Day High88.05
20 Day Low68.77
52 Week High127.57
52 Week Low68.77
CS1 End73.97
CR1 Start80.72
Volume & EV
DER(3)1.01%
DER(5)0.79%
Volume2.21M
Volume Incr-27.95%
Vol(5)2.87M
Vol(50)3.19M
OKTA INC / OKTA TA FAQ
What is the technical rating for OKTA stock?
ChartMill assigns a technical rating of 0 / 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 48.7406. 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.