OKTA INC (OKTA) Stock Technical Analysis
NASDAQ:OKTA - Nasdaq - US6792951054 - Common Stock - Currency: USD
Taking everything into account, OKTA scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, OKTA has proven to be a steady performer, scoring decent points in every aspect analyzed.
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 83% of 82 stocks in the same industry.
OKTA is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so OKTA is leading the market.
OKTA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
OKTA has an average volume of 3439030 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 92% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, OKTA also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
74.47
128.57
When analyzing the support we can see 4 important areas.
- A support zone ranging from 122.06 to 123.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @97.49 from a trend line in the daily time frame.
- Support @94.45 from a trend line in the daily time frame.
- Support @75.22 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 127.30 to 127.30. 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 | UP | POSITIVE | The long term trend for OKTA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OKTA is up. |
| ChartMill Relative Strength | 92.42 | POSITIVE | OKTA has a high relative strength, it outperformed 92.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OKTA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OKTA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OKTA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.23 | NEUTRAL | The RSI value for OKTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests OKTA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.36 | NEUTRAL | The Stochastics value for OKTA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for OKTA suggests some volalility. |
| Average Directional Index/ADX (14) | 31.68 | POSITIVE | The high ADX value value for OKTA suggests a strong 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)
123.91
+1.85 (+1.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.52%
1 Week-0.39%
2 Weeks2.62%
1 Month22.03%
3 Month33.6%
6 Month61.83%
12 Month27.53%
2 Year36.31%
3 Year49.2%
5 Year-36.64%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.53
ATR(20)%3.06%
ATR Inc8.73%
Range Today2.92
ADR(20)3.44
ADR(20)%2.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.42
Mansfield3.3
10 Day High127.57
10 Day Low118.78
20 Day High127.57
20 Day Low100.71
52 Week High127.57
52 Week Low70.56
CS1 End97.29
CR1 Start127.3
Volume & EV
DER(3)-0.4%
DER(5)1.36%
Volume2.27M
Volume Incr-37.39%
Vol(5)2.45M
Vol(50)3.44M