OKTA Wedge Breakout Analysis
Live breakout scanner data · Updated every 10 minutes
A-
BEAR
Technology · Cybersecurity
OKTA is currently showing a bearish wedge compression on the 30-minute timeframe, graded A- by the UnxEdge scanner. The current breakout level is $128.37, currently 1.35% away. This pattern has shown a 3.5x profit factor across 9 backtested trades.
Current Setup
Close$130.10 -1.80%
Breakout Level$128.37
Distance to Level1.35%
RVOL0.8×
Pressure54
PatternCompression
Trade Plan
Entry$127.74
Stop$129.26
TP1$126.21
TP2$124.69
TP3$123.17
Chart
Backtest Performance
Win Rate
78%
Profit Factor
3.50x
Avg R
+0.55R
Trades
9
Recent results
| Date | Side | Grade | Entry | Stop | Target | Exit | Result | R | Bars |
|---|---|---|---|---|---|---|---|---|---|
| Jul 28 | BEAR | A- | $136.36 | $138.07 | $134.65 | $134.65 | WIN | +1.00R | 2 |
| Jun 15 | BULL | A- | $119.06 | $117.76 | $120.37 | $117.76 | LOSS | -1.00R | 4 |
| May 22 | BULL | A | $91.84 | $91.12 | $92.56 | $91.12 | LOSS | -1.00R | 2 |
| May 21 | BULL | A- | $89.59 | $88.63 | $90.55 | $90.55 | WIN | +1.00R | 13 |
| May 7 | BULL | A- | $78.51 | $77.62 | $79.40 | $79.40 | WIN | +1.00R | 2 |
| Apr 28 | BULL | A- | $76.65 | $76.11 | $77.19 | $77.19 | WIN | +1.00R | 2 |
Recent Setup History
| Date | Grade | Side | Breakout | Dist | Pressure | Resolution |
|---|---|---|---|---|---|---|
| 2026-08-26 | A- | BEAR | $128.37 | 1.35% | 54 | — |
| 2026-08-26 | B+ | BEAR | $128.53 | 0.69% | 58 | — |
| 2026-08-25 | A- | BEAR | $129.18 | 0.25% | 60 | — |
| 2026-08-25 | A- | BEAR | $129.18 | 0.36% | 61 | — |
| 2026-08-25 | A- | BEAR | $129.18 | 0.46% | 61 | — |
| 2026-08-25 | A- | BEAR | $129.71 | 0.04% | 53 | — |
| 2026-08-25 | A- | BEAR | $129.77 | 0.28% | 57 | — |
| 2026-08-25 | A- | BEAR | $129.77 | 0.84% | 65 | — |
| 2026-08-25 | A- | BEAR | $129.77 | 0.64% | 61 | — |
| 2026-08-25 | A- | BEAR | $129.77 | 0.66% | 62 | — |
Bot Activity
| Date | Side | Result | R | Exit |
|---|---|---|---|---|
| 2026-07-16 | BULL | — | — | — |
Other Active Breakout Setups
Earnings
Next Report2026-08-25 · TBD
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