Trading Signals: OKTA Stock Price Prediction and Forecast

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Thu. Jun. 25, 2020

Trading Signals: OKTA Stock Price Prediction and Forecast (Fri. Apr. 7, 2017 - Fri. Dec. 22, 2023)

(Okta, Inc.)
OKTA latest price $204.2200 (4.29%) ($190.6500 - $204.2300) on Thu. Jun. 25, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.69% (three month average)
RSI   75
Latest Price   $204.2200(4.29%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   OKTA advances 0.8% a day on average for past five trading days.
Weekly Trend   OKTA advances 4.7% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support OKTA advance at 0% a week (0% probability)
IPO(64%)    SKYY(63%)    IBUY(59%)    IWF(57%)    ONLN(56%)
Factors Impacting OKTA price   OKTA will decline at least -1.345% in a week (0% probabilities).
VIXM(-22%)    UUP(-18%)    TBT(-16%)    VXX(-10%)    DRIV(-6%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.345% (StdDev 2.69%)
Hourly BBV 0 ()
Intraday Trend 4.2%

5 Day Moving Average   $198.61(2.82%)
10 Day Moving Average   $194.22(5.15%)
20 Day Moving Average   $191.42(6.69%)
To recent high   -0.3%
To recent low   76.1%
Market Cap   $26.158b

Okta, Inc. engages in the provision of identity management platform for the enterprise. It operates through United States and International geographical segments. The firm's products include single sign-on, multi factor authentication, API access management, authentication, user management, and lifecycle management. The company was founded by Todd McKinnon and J. Frederic Kerrest in 2009 and is headquartered in San Francisco, CA.

$. OKTA price fluctuates within 4.29% (three month std-dev: 2.69%) daily (68% of days).

Sample size 16 Average positive next day return: 1.11%(38%) Average negative next day return: -1.41%(63%) Sample size 16 Average positive next three day return: 1.69%(38%) Average negative next three day return: -5.72%(63%) Sample size 16 Average positive next weekly return: 3.94%(38%) Average negative next weekly return: -6.09%(63%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200725

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Jun_25_2020	151.21	191.42	194.22	198.61	197.93	197.33	204.22(4.29%)	UT	OpenLong	75	0.7	40	-30	16	112	2.7	74%	0.51	42.4	2.69%	0	1.6	75	-0.3
2	Jun_24_2020	150.45	190.37	191.7	197.03	197.87	196.84	195.82(0.1%)	N/A	N/A	0	-0.2	-5	-20	-31	75	1.74	74%	0.41	36	2.75%	0	0.7	60	-0.7
3	Jun_23_2020	149.83	189.57	190.31	196.73	198.04	198.52	195.62(-1.79%)	UD	OpenLong	75	-0.1	30	40	14	77	1.91	74%	0.46	34.8	2.8%	0	0.8	49	-0
4	Jun_22_2020	149.15	188.99	188.78	195.22	196.59	198.89	199.19(0.5%)	UT	OpenLong	75	0.5	66	100	65	69	1.86	74%	0.49	32.3	2.79%	0	1.3	47	-0.2
5	Jun_19_2020	148.43	188.58	187.28	192.87	193.56	197.56	198.19(0.96%)	UT	OpenLong	75	0.7	97	160	112	52	2.83	79%	0.45	31.5	2.79%	0	1.2	42	-0.8

6	Jun_18_2020	147.76	188	185.44	189.08	189.91	194.29	196.31(1.02%)	UT	OpenLong	75	1	101	170	127	21	2.13	72%	0.47	25.1	3.09%	0	1.1	49	-0.7
7	Jun_17_2020	147.07	187.53	184.3	185.6	185.9	189.57	194.32(3.31%)	N/A	N/A	0	1.2	72	140	98	-6	2.04	76%	0.46	18.9	3.23%	0	0.9	58	-0.9
8	Jun_16_2020	146.39	186.85	184.15	183.02	183.03	185.54	188.1(0.35%)	N/A	N/A	0	0.7	47	100	68	-15	2.42	67%	0.43	13.6	3.57%	0	0.2	58	-1
9	Jun_15_2020	145.76	186.45	185.12	181.42	181.02	182.24	187.45(4.58%)	N/A	N/A	0	0.8	11	40	24	-27	2.64	67%	0.41	10.5	3.85%	0	0.1	53	-1.3
10	Jun_12_2020	145.17	186.45	186.63	180.95	180.97	180.53	179.24(0.21%)	DT	HoldShort	-50	-0.2	-3	-20	6	-28	1.76	60%	0.37	16.2	3.82%	0	-0.9	43	-1.4

11	Jun_11_2020	144.64	186.17	188.28	181.22	181.35	179.81	178.87(-1.42%)	DT	OpenShort	-75	-0.3	-29	-60	-27	-33	3.23	58%	0.38	21.6	3.96%	0	-1	46	-2.6
12	Jun_10_2020	144.09	186.18	188.95	182.71	181.74	181.41	181.45(0.77%)	DP	OpenShort	-75	-0.2	-46	-30	-48	-38	4.71	59%	0.4	35.2	3.99%	0	-0.6	48	0.9
13	Jun_9_2020	143.52	185.88	188.94	185.46	184.69	182.9	180.07(-2.73%)	DT	OpenShort	-75	-0.7	-24	-80	-26	-18	2.99	55%	0.27	52.4	4.01%	0	-0.7	52	1
14	Jun_8_2020	143.14	185.68	189.51	189.39	188.11	182.08	185.13(2.51%)	DP	OpenShort	-75	-0.5	-79	-240	-96	-26	1.86	55%	0.43	76.4	4.16%	0	-0.1	56	1.6
15	Jun_5_2020	142.53	184.98	190.27	193.32	192.82	186.47	180.6(-3.05%)	DT	OpenShort	-75	-1.4	-102	-240	-131	-15	2.35	53%	0.38	95.7	4.18%	0	-0.5	52	2

16	Jun_4_2020	141.99	184.56	191.12	196.32	197.25	194.14	186.29(-4.57%)	CR	SmallShort	-20	-1.1	-35	-100	-58	36	2.4	53%	0.42	111.5	4.16%	0	0.2	59	1.6
17	Jun_3_2020	141.4	183.56	191.35	195.84	197.08	199.16	195.21(-2.26%)	UD	OpenLong	75	-0.1	35	90	21	75	1.63	56%	0.49	108.7	4.11%	0	1.1	65	1.7
18	Jun_2_2020	140.71	181.79	189.96	192.69	193.32	200.37	199.73(-2.47%)	UD	OpenLong	75	0.6	115	270	118	107	2.32	57%	0.5	97.7	4.1%	0	1.6	71	1.3
19	Jun_1_2020	140.01	179.57	187.91	189.57	187.25	195.01	204.78(4.7%)	UT	OpenLong	75	1.3	123	250	130	103	2.55	57%	0.56	87.3	4.1%	0	2.1	75	1
20	May_29_2020	139.23	176.78	185.44	187.12	187.25	186.28	195.58(6.34%)	UT	OpenLong	75	0.7	87	20	87	85	4.87	56%	0.5	78.2	4.11%	0	1.6	74	1.3

21	May_28_2020	138.54	174.59	183.57	185.55	184.87	179.49	183.92(2.51%)	N/A	N/A	0	-0.1	-39	-210	-61	26	3.32	54%	0.43	73	4.08%	0	0.8	67	0.9
22	May_27_2020	137.94	172.94	182.97	186.3	186.34	183.46	179.42(-2.58%)	CR	SmallShort	-20	-0.5	-70	-110	-101	25	3.05	53%	0.43	70.1	4.09%	0	0.5	70	1.5
23	May_26_2020	137.35	171.44	182.52	186.58	188.68	190.25	184.17(-4.32%)	UD	OpenLong	75	-0.2	48	90	33	93	2.4	54%	0.59	66.7	4.09%	0	0.9	79	1.3
24	May_22_2020	136.54	169.84	181.59	185.63	186.28	189.23	192.49(2.53%)	UT	HoldLong	65	0.5	64	120	47	113	1.29	53%	0.57	64.3	4.09%	0	1.6	92	1.2
25	May_21_2020	135.77	167.92	179.26	183.45	184.21	187.11	187.74(0.02%)	UT	HoldLong	65	0.3	83	120	67	129	1.24	51%		66.1	4.12%	0	1.5	93	1.1
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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