Taking everything into account, OKTA scores 4 out of 10 in our technical rating. OKTA has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
OKTA has an average technical rating and the quality of the presented setup is also not ideal 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.
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77.54
2 important support areas can be observed.
- A support zone ranging from 86.53 to 87.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 78.32 to 79.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- 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 | NEUTRAL | NEUTRAL | The long term trend for OKTA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OKTA is up. |
| ChartMill Relative Strength | 40.72 | NEUTRAL | OKTA is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of OKTA is above 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) | 57.88 | NEUTRAL | The RSI value for OKTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.04 | POSITIVE | The MACD value suggests OKTA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.47 | OVERBOUGHT | The high Stochastics value suggests OKTA may be overbought. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for OKTA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.96 | NEUTRAL | The ADX value for OKTA suggests a possible start of a new trend. |
88.2
-1.98 (-2.2%)
OKTA INC / OKTA FAQ
What is the technical rating for OKTA stock?
ChartMill assigns a technical rating of 4 / 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 57.8822. 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 1.04049, indicating a bullish trend.
What are the support and resistance levels for OKTA INC (OKTA) stock?
OKTA INC (OKTA) has a support level at 87.6 and a resistance level at 93.03. Check the full technical report for our detailed analysis of OKTA support and resistance levels.