OKTA INC (OKTA) Stock Technical Analysis
NASDAQ:OKTA - Nasdaq - US6792951054 - Common Stock - Currency: USD
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.
84% of all other stocks performed better in the past year than OKTA.
In the last month OKTA has a been trading in the 89.78 - 104.98 range, which is quite wide. It is currently trading near the lows of this range.
OKTA has an average volume of 3509600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
OKTA is an average performer in the IT Services industry, it outperforms 43% of 82 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.
OKTA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 91.54, 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
75.55
102.11
When analyzing the support we can see 2 important areas.
- A support zone ranging from 91.07 to 91.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @76.31 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @92.16 from a trend line in the daily time frame.
- A resistance zone ranging from 98.22 to 101.10. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for OKTA is down. |
| ChartMill Relative Strength | 16.58 | NEGATIVE | OKTA has a low relative strength, it was outperformed by 83.42% off all stocks 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) | UP | MIXED | The current price of OKTA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.97 | NEUTRAL | The RSI value for OKTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests OKTA has a negative trend. |
| Stochastics (14,3) | 22.37 | NEUTRAL | The Stochastics value for OKTA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for OKTA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.35 | NEUTRAL | The ADX value for OKTA suggests a possible start of a new 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)
91.55
-2.03 (-2.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-2.17%
1 Week-3.76%
2 Weeks-9.45%
1 Month-0.01%
3 Month-23.36%
6 Month-5.62%
12 Month1.32%
2 Year9.63%
3 Year0.16%
5 Year-57.49%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.92
ATR(20)%3.73%
ATR Inc39.95%
Range Today2.65
ADR(20)3.35
ADR(20)%3.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.58
Mansfield-0.9
10 Day High101.94
10 Day Low90.86
20 Day High104.98
20 Day Low89.78
52 Week High127.57
52 Week Low70.56
CS1 End91.54
CR1 Start92.16
Volume & EV
DER(3)3.46%
DER(5)3.81%
Volume2.43M
Volume Incr-34.93%
Vol(5)2.33M
Vol(50)3.51M