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OKTA stock price slumped 8% in the last 7 days and added 1.35% more on Tuesday to close at $82.04.
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Okta Inc. (NYSE: OKTA) stock price suffered rejection from the upper supply zone and declined.
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The daily chart shows volatility in the Okta Inc. price.
Okta Inc. (NYSE: OKTA) stock price slumped more than 8% in the last seven days and is nearing the exponential moving average of 200-day EMA. The EMAs may act as a support for the price and halt the decline.
The daily charts illustrate that the stock consolidated near positive trendline support ahead of the results. The company reported quarterly results on Wednesday, 30th August. The results outperformed the Wall Street estimates which positively impacted the precise trend.
The quarterly results triggered a breakout which hiked the price to a high of $90. Thereafter, the stock consolidated and declined. The technical indicators imply that the price had shown a breakout of the
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