Trading Signals: OKTA Stock Price Prediction and Forecast

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Fri. Apr. 16, 2021

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

(Okta, Inc.)
OKTA latest price $268.0500 (-2.25%) ($268.0500 - $268.0500) on Fri. Apr. 16, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.35% (three month average)
RSI   79
Latest Price   $268.0500(-2.25%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   OKTA advances 1.8% a day on average for past five trading days.
Weekly Trend   OKTA advances 10.1% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Normal for small cap.
Correlated ETFs   Broad market will support OKTA advance at 0% a week (0% probability)
IPO(63%)    SKYY(62%)    IBUY(60%)    IWO(58%)    IWF(56%)
Factors Impacting OKTA price   OKTA will decline at least -1.675% in a week (0% probabilities).
VIXM(-24%)    UUP(-19%)    TBT(-13%)    VXX(-9%)    UNG(-2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.675% (StdDev 3.35%)
Hourly BBV 0.2 ()
Intraday Trend 0%

5 Day Moving Average   $263.15(1.86%)
10 Day Moving Average   $248.82(7.73%)
20 Day Moving Average   $234.46(14.33%)
To recent high   -8%
To recent low   28.8%
Market Cap   $34.334b

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 8.26% (three month std-dev: 3.35%) daily (68% of days).

Sample size 50 Average positive next day return: 2.16%(50%) Average negative next day return: -2.66%(50%) Sample size 50 Average positive next three day return: 3.37%(54%) Average negative next three day return: -5.64%(46%) Sample size 50 Average positive next weekly return: 4.15%(40%) Average negative next weekly return: -4.97%(60%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210516

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	Apr_16_2021	251.67	234.46	248.82	263.15	267.49	271.14	268.05(-2.25%)	UD	OpenLong	75	0.3	135	140	105	223	1.55	57%	0.07	59.2	3.35%	0.2	1.7	79	1.8
2	Apr_15_2021	251.5	231.46	244.9	258.39	262.52	267.83	274.23(5.71%)	UT	HoldLong	65	0.9	165	190	143	231	1.96	57%	0.16	46.6	3.36%	1.7	2.3	76	1.8
3	Apr_14_2021	251.11	228.71	239.55	251.26	255.03	263.84	259.41(-2.44%)	UD	OpenLong	75	0.5	184	290	171	221	1.67	55%	0.12	42	3.3%	0.3	2	72	1.4
4	Apr_13_2021	250.8	226.91	234.92	244	249.31	257.21	265.9(7.14%)	UT	OpenLong	75	1.6	271	290	285	228	2.36	55%	0.16	35.2	3.28%	1.8	2.9	69	1.7
5	Apr_12_2021	250.39	224.77	229.71	236.59	238.53	246.21	248.18(1.61%)	UT	OpenLong	75	1.2	133	250	133	133	1.67	51%	0.06	35.5	3.16%	0.9	2.3	65	1.8

6	Apr_9_2021	250.23	223.54	225.98	232.38	233.7	241.4	244.24(2.38%)	UT	OpenLong	75	1.4	201	250	218	148	2.27	51%	0.05	35	3.13%	1	2.4	68	1.5
7	Apr_8_2021	250.11	223.22	223.18	229.44	229.42	230.85	238.56(6.92%)	UT	OpenLong	75	1.1	105	40	108	97	3.71	51%	0.06	33.5	3.14%	1.4	1.9	69	1.5
8	Apr_7_2021	249.96	222.45	221.03	226.19	227.15	225.99	223.13(-2.5%)	N/A	N/A	0	-0.4	-12	-20	-25	27	1.55	50%	-0.01	15.1	3.01%	-1.6	0.1	50	1.4
9	Apr_6_2021	249.99	222.25	221.17	224.16	226.95	227.99	228.86(0.76%)	UT	OpenLong	75	0.6	41	70	41	41	1.24	48%	0.02	-16.2	3.06%	0.3	0.9	50	1.2
10	Apr_5_2021	249.93	221.24	220.42	221.58	222.99	228.32	227.13(-1.03%)	UD	OpenLong	75	0.7	69	190	79	40	1.08	48%	0.13	-57.9	3.08%	0.1	0.7	49	1.3

11	Apr_1_2021	249.6	220.6	219.08	218.43	219.88	225.92	229.5(3.22%)	UT	OpenLong	75	1.4	155	210	187	57	1.69	48%	0.04	-93.9	3.06%	1.1	1.1	51	1.3
12	Mar_31_2021	249.5	220.47	217.03	216.08	215.34	217.66	222.33(4.38%)	N/A	N/A	0	0.7	51	70	76	-25	1.21	46%	0.04	-104.2	3.06%	1.3	0.2	37	1.2
13	Mar_30_2021	249.4	221.31	217.05	215.34	214.2	213.84	213(-1.36%)	DT	OpenShort	-75	-0.2	-23	-30	-8	-66	1.51	43%	-0.02	-89.7	3.01%	0.1	-0.7	45	1.2
14	Mar_29_2021	249.45	223.47	218.4	217.77	215.61	213.03	215.93(2.16%)	DP	OpenShort	-75	-0.1	-59	-110	-56	-67	1.58	43%	-0.07	-70.3	3.01%	0.9	-0.5	51	1
15	Mar_26_2021	249.63	225.96	219.52	219.1	218.23	214.57	211.37(-2.94%)	DT	OpenShort	-75	-0.5	-83	-130	-91	-60	1.68	41%	-0.09	-63.6	3.02%	-1.6	-0.9	55	1.4

16	Mar_25_2021	249.86	228.38	221.07	219.59	221.17	218.2	217.77(-0.39%)	DT	OpenShort	-75	-0.1	-42	-70	-46	-30	1.12	41%	-0.04	-68	3.03%	-0.7	-0.6	54	1.1
17	Mar_24_2021	249.97	230.2	223.35	217.91	220.19	221.9	218.62(-2.91%)	DT	OpenShort	-75	0	-24	90	-25	-19	1.5	41%	0.04	-70.9	3.05%	-1.6	-0.6	47	1
18	Mar_23_2021	249.87	232.63	224.05	218.94	218.67	224.15	225.17(1.18%)	UT	OpenLong	75	0.3	77	170	95	21	0.98	39%	0.09	-68.7	3.04%	0.9	-0.4	43	1.1
19	Mar_22_2021	249.64	234.75	223.46	219.31	218.32	218.49	222.55(4.07%)	RB	SmallLong	20	0.1	53	-10	76	-16	1.56	41%	0.05	-67.9	3.09%	1.6	-0.6	37	1.9
20	Mar_19_2021	249.51	237.23	222.18	220.35	218.98	213.19	213.85(2.14%)	DP	OpenShort	-75	-0.3	-126	-200	-122	-137	1.28	39%	-0.02	-64	3.07%	-0.6	-1	30	1.6

21	Mar_18_2021	249.56	240.84	222.39	222.88	222.46	218.15	209.37(-6.44%)	DT	OpenShort	-75	-0.5	-165	-140	-161	-177	2.35	39%	-0.05	-59.6	3.07%	-1.7	-1.3	32	1.2
22	Mar_17_2021	249.68	244.57	224.43	229.45	225.95	224.78	223.77(-1.42%)	DT	OpenShort	-75	-0.2	-96	-80	-81	-141	1.57	45%	0.01	-53.8	2.97%	-0.2	-0.8	39	2.1
23	Mar_16_2021	249.66	247.52	226.03	229.73	230.57	226.77	227(-0.33%)	DT	OpenShort	-75	-0.1	-35	-100	-4	-128	1.92	45%	0.03	-51.5	3.03%	-0.3	-0.8	36	1.9
24	Mar_15_2021	249.58	250.61	228.9	228.08	230.87	227.13	227.76(0.56%)	DP	OpenShort	-75	-0	-108	-80	-85	-176	1.64	45%	0.04	-51.9	3.04%	-0.5	-0.9	36	2.4
25	Mar_12_2021	249.49	253.72	232.71	224.14	228.62	234.36	226.5(-6.49%)	N/A	N/A	0	0.1	1	240	49	-144	2.4	45%		-53.5	3.02%	-0.7	-1	34	1.8
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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