Trading Signals: OKTA Stock Price Prediction and Forecast

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Tue. Dec. 15, 2020

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

(Okta, Inc.)
OKTA latest price $254.4000 (1.24%) ($254.4000 - $254.4000) on Tue. Dec. 15, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.95% (three month average)
RSI   64
Latest Price   $254.4000(1.24%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   OKTA advances 0.3% a day on average for past five trading days.
Weekly Trend   OKTA advances 2.1% 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(60%)    IWF(57%)    IWO(57%)
Factors Impacting OKTA price   OKTA will decline at least -1.475% in a week (0% probabilities).
VIXM(-24%)    UUP(-19%)    TBT(-15%)    VXX(-9%)    IGOV(-3%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.475% (StdDev 2.95%)
Hourly BBV 0.1 ()
Intraday Trend 0%

5 Day Moving Average   $247.71(2.7%)
10 Day Moving Average   $245.2(3.75%)
20 Day Moving Average   $239.52(6.21%)
To recent high   0%
To recent low   31.7%
Market Cap   $32.586b

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 3.87% (three month std-dev: 2.95%) daily (68% of days).

Sample size 50 Average positive next day return: 1.37%(48%) Average negative next day return: -1.17%(52%) Sample size 50 Average positive next three day return: 1.96%(48%) Average negative next three day return: -2.36%(52%) Sample size 50 Average positive next weekly return: 3.29%(44%) Average negative next weekly return: -2.91%(56%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210115

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	Dec_15_2020	220.56	239.52	245.2	247.71	251.59	252.84	254.4(1.24%)	UT	OpenLong	75	0.7	73	80	73	72	1.93	59%	0.22	75.5	2.95%	0.1	1.6	64	0.8
2	Dec_14_2020	220.07	237.94	243.41	247.09	251.59	251.99	251.29(-0.56%)	UD	OpenLong	75	0.5	39	160	31	61	1.49	59%	0.21	77.5	2.95%	0.7	1.4	64	-0.6
3	Dec_11_2020	219.61	236.46	242.66	245.91	246.04	250.34	252.7(1.9%)	UT	OpenLong	75	0.7	183	120	199	133	1.27	59%	0.21	68.3	2.95%	1.4	1.8	60	0.3
4	Dec_10_2020	219.14	235.01	241.28	243.58	244.22	240.09	247.99(6.8%)	UT	HoldLong	50	0.5	6	-110	-7	46	0.07	59%	0.17	60.6	2.96%	0.5	1.5	59	0.9
5	Dec_9_2020	218.77	233.58	240.21	242.4	242.48	241.74	232.2(-7.59%)	CR	SmallShort	-20	-1.2	-106	-20	-141	1	2.39	55%	0.1	52	2.85%	-2.1	-0.2	58	1

6	Dec_8_2020	218.55	232.74	240.15	241.97	244.95	248.34	251.27(2.39%)	UT	OpenLong	75	1	154	130	162	128	0.91	58%	0.17	48.1	2.68%	1.3	1.9	67	1.6
7	Dec_7_2020	218.17	231.02	237.76	239.07	239.78	243.22	245.41(1.82%)	UT	OpenLong	75	0.7	57	110	51	73	0.91	58%	0.17	49.3	2.71%	0.5	1.6	67	1.1
8	Dec_4_2020	217.79	230.31	236.47	238.99	237.99	241.56	241.02(-0.44%)	UD	OpenLong	75	0.2	93	90	90	100	1.14	58%	0.18	65.8	2.72%	0.1	1.2	66	1.2
9	Dec_3_2020	217.4	229.84	235.59	238.76	238.56	236.35	242.09(5.24%)	UT	OpenLong	75	0.4	57	-70	46	89	3.94	51%	0.18	77.2	2.74%	0.4	1.5	64	0.9
10	Dec_2_2020	217.01	229.11	233.8	237.9	237.84	234.43	230.04(-2.85%)	CR	SmallShort	-20	-1	-88	-100	-123	19	1.73	48%	0.11	84.6	2.93%	-1.4	0.1	61	1

11	Dec_1_2020	216.78	228.13	233.55	237.81	239.32	240.77	236.79(-3.35%)	UD	OpenLong	75	-0.1	37	60	20	88	1.48	51%	0.17	67.3	2.92%	0.3	1	72	1
12	Nov_30_2020	216.41	226.55	232.21	235.96	237.08	241.26	244.99(2.13%)	UT	OpenLong	75	0.9	106	140	102	118	2.13	55%	0.12	47.7	2.94%	0.4	1.8	73	1.1
13	Nov_27_2020	216.14	224.77	229.81	233.56	233.4	237.87	239.88(0.87%)	UT	OpenLong	75	0.7	96	130	97	94	0.9	52%	0.06	38.3	3.01%	-3.1	1.6	53	1.1
14	Nov_25_2020	216.01	223.63	228.19	232.07	232.37	232.91	237.81(3.59%)	UT	OpenLong	75	0.6	82	20	84	74	0.96	56%	0.14	38.1	3.12%	2	1.6	52	1.3
15	Nov_24_2020	215.7	222.73	226.3	229.28	231.03	228.93	229.57(0.88%)	N/A	N/A	0	0	-23	-40	-33	7	1.16	54%	0.1	32.2	3.1%	-0.4	0.8	50	1.1

16	Nov_23_2020	215.48	222.29	224.76	228.64	229.82	231.83	227.58(-2.31%)	N/A	N/A	0	-0.1	-6	80	-13	16	1.81	54%	0.06	25	3.1%	-1.2	0.7	64	1.1
17	Nov_20_2020	215.36	221.85	223.78	227.68	229.26	233.14	232.95(0.22%)	UT	OpenLong	75	0.7	115	140	127	79	1.38	55%	0.12	9.1	3.09%	0.4	1.4	70	1.2
18	Nov_19_2020	215.1	221.13	223.6	225.42	225.76	227.82	232.45(3.85%)	UT	OpenLong	75	0.9	65	70	66	63	1.16	55%	0.1	-12.7	3.11%	1	1.5	64	1.3
19	Nov_18_2020	214.89	220.3	223.48	223.81	223.51	225.37	223.83(-1.12%)	UD	OpenLong	75	0	37	50	31	54	0.92	55%	0.11	-38.3	3.08%	-0.2	0.5	54	1.3
20	Nov_17_2020	214.65	220.12	223.93	222.9	223.41	223.7	226.37(1.6%)	UT	OpenLong	75	0.5	61	20	59	68	0.67	55%	0.13	-52.8	3.1%	1.2	0.8	53	1.6

21	Nov_16_2020	214.38	220.28	222.26	220.28	221.57	221.65	222.8(0.52%)	UT	OpenLong	75	0.3	6	20	1	22	1.09	55%	0.09	-61.6	3.09%	0.5	0.3	52	1.6
22	Nov_13_2020	214.19	221.11	220.54	219.22	219.34	223.11	221.65(-1.22%)	UD	OpenLong	75	0.2	26	120	29	16	0.93	55%	0.08	-59.2	3.1%	-0.3	0.1	52	1.5
23	Nov_12_2020	214.01	222.11	219.45	221.55	218.39	221.49	224.38(2.32%)	UT	OpenLong	75	0.3	61	60	69	36	0.7	55%	0.14	-44.8	3.11%	1	0.2	54	1.1
24	Nov_11_2020	213.72	223.08	218.78	223.32	220.53	215.57	219.29(2.82%)	N/A	N/A	0	-0.3	-23	-190	-32	6	0.66	55%	0.11	-35.3	3.1%	0.1	-0.3	53	1.8
25	Nov_10_2020	213.48	224.19	218.94	225.23	223.72	215.29	213.27(-1.94%)	DT	OpenShort	-75	-0.9	-159	-280	-196	-49	1.37	52%		-27.2	3.09%	-1.1	-0.8	47	1.7
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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