OKTA INC (OKTA) Stock Technical Analysis
NASDAQ:OKTA - Nasdaq - US6792951054 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to OKTA. 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 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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
OKTA has an average volume of 3569120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that OKTA is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this relatively good performance is mostly due to a recent big move.
OKTA is an average performer in the IT Services industry, it outperforms 59% 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 an excellent technical rating and 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. There is a resistance zone just above the current price starting at 94.42. Right above this resistance zone may be a good entry point.
More info and screens
70.29
95.88
5 important support areas can be observed.
- Support @90.54 from a trend line in the daily time frame.
- A support zone ranging from 83.07 to 84.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @80.76 from a horizontal line in the weekly time frame.
- Support @73.73 from a trend line in the weekly time frame.
- Support @71.00 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 94.42 to 94.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.5
Mansfield-0.23
10 Day High96.03
10 Day Low86.25
20 Day High96.03
20 Day Low81.19
52 Week High114.5
52 Week Low70.56
Performance
1 Week-0.55%
2 Weeks5.6%
1 Month16.9%
3 Month23.01%
6 Month4.48%
12 Month7.47%
2 Year32.43%
3 Year-48.36%
5 Year-26.28%
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)0.5
RSI(14)69.45
LBB83.66
UBB97.43
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 94.94 | 90.53 | 4.41 (4.65%) | 21.53% |
| An entry @94.94. This is a Buy Stop order right above the resistance zone. | An exit @90.53. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.41 points, which is 4.65%. | When investing 21.53% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OKTA INC
NASDAQ:OKTA (2/4/2025, 8:00:02 PM)
After market: 92.6 -1.81 (-1.92%)94.41
+1.17 (+1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.25%
1 Week-0.55%
2 Weeks5.6%
1 Month16.9%
3 Month23.01%
6 Month4.48%
12 Month7.47%
2 Year32.43%
3 Year-48.36%
5 Year-26.28%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.71
ATR(20)%3%
ATR Inc2.59%
Range Today2.85
ADR(20)2.67
ADR(20)%2.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.5
Mansfield-0.23
10 Day High96.03
10 Day Low86.25
20 Day High96.03
20 Day Low81.19
52 Week High114.5
52 Week Low70.56
CS1 End90.54
CR1 Start94.42
Volume & EV
DER(3)1.47%
DER(5)-1.57%
Volume2.00M
Volume Incr-18.88%
Vol(5)2.20M
Vol(50)3.57M