OKTA Stage 2 Uptrend Intact but Short Base and Weak RS Cap Upside

Posted on by Eben@CANSLIM Research
OKTA daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research

OKTA is holding above its rising 30-week moving average, confirming a Stage 2 advancing trend with a constructive long-term setup. However, the stock has pulled back 15.3% from its high and is trading below its 50-day MA, while the current 2-week base is too short to qualify as a proper VCP or cup-with-handle pattern. Market focus is on whether OKTA can reclaim its 50-day and form a valid base near the 154.95 pivot, with sentiment constructive but awaiting confirmation.

As of 2026-08-25 · Close $131.3

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 9.19%)

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