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Is OKTA setting up for a drop? Bearish Engulfing shows up after declining 4.85%

Okta, Inc. (OKTA) — SwingTradeBot Technical Analysis Report · Aug 14, 2026, 20:09 ET
On Friday, August 14th, OKTA moved down 4.85% while volume was to 0.8× the usual levels. Multiple bearish signals emerged — Bearish Engulfing and Stochastic Sell Signal — suggesting potential weakness ahead. Key support levels exist at 144.03, 140.63 & 134.45, with resistance at 153.61, 159.79 & 163.19.

Current SwingTradeBot Technical Rating of OKTA: A

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Okta, Inc. (OKTA)