Okta Inc (OKTA): Price Now Near $243.04; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for OKTA

At the moment, OKTA (Get Ratings)’s price is down $-2.16 (-0.88%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Business Services stocks, OKTA ranks 98th in regards to today’s price percentage change.

OKTA’s Technical Outlook on the Daily Chart

At the time of this writing, OKTA’s price is down $0 (0%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as OKTA has now gone down 5 of the past 5 days. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows OKTA’s price action over the past 90 days.

OKTA

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OKTA: Daily RSI Analysis

  • OKTA’s RSI now stands at 0.
  • OKTA and RSI may be exhibiting divergent trends. This may be something to monitor.

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