Trading Signals: OKTA Stock Price Prediction and Forecast

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Wed. Jun. 23, 2021

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

(Okta, Inc.)
OKTA latest price $242.3900 (0.35%) ($242.3900 - $242.3900) on Wed. Jun. 23, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.95% (three month average)
RSI   81
Latest Price   $242.3900(0.35%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   OKTA advances 1.6% a day on average for past five trading days.
Weekly Trend   OKTA advances 5.3% a week on average for past two weeks.
Market Behavior   Value stocks sell-off for large cap. Growth stock rally 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 -1.475% in a week (0% probabilities).
VIXM(-25%)    UUP(-18%)    TBT(-13%)    VXX(-8%)    IGOV(-4%)
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 0.8 ()
Intraday Trend 0%

5 Day Moving Average   $237.87(1.9%)
10 Day Moving Average   $231.65(4.64%)
20 Day Moving Average   $225.9(7.3%)
To recent high   -15%
To recent low   15.4%
Market Cap   $31.047b

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 4.53% (three month std-dev: 2.95%) daily (68% of days).

Sample size 3 Average positive next day return: 2.14%(67%) Average negative next day return: -7.86%(33%) Sample size 3 Average positive next three day return: 8.67%(33%) Average negative next three day return: -7.88%(67%) Sample size 3 Average positive next weekly return: 8.49%(33%) Average negative next weekly return: -9.2%(67%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210723

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_23_2021	243.84	225.9	231.65	237.87	239.15	241.97	242.39(0.35%)	UT	HoldLong	65	0.4	126	100	117	154	0.79	62%	-0.14	8.2	2.95%	0.8	1.6	81	1.7
2	Jun_22_2021	244.19	225.79	229.16	234.05	236.74	237.18	241.54(3.75%)	UT	OpenLong	75	0.7	85	50	73	121	1.28	64%	-0.1	4.6	2.95%	1	1.5	71	1.4
3	Jun_21_2021	244.44	225.65	226.73	230.65	231.92	236.33	232.81(-2.94%)	UD	OpenLong	75	0.2	40	150	25	86	1.29	62%	-0.11	3.2	2.96%	-0.6	0.7	63	0.6
4	Jun_18_2021	244.71	225.83	225.06	229.65	229.8	236.31	239.86(3.05%)	UT	OpenLong	75	1	178	200	190	143	1.97	57%	-0.08	4.9	2.94%	1.2	1.3	64	-0.2
5	Jun_17_2021	244.91	225.38	222.35	226.8	226.66	227.52	232.76(4.24%)	UT	OpenLong	75	0.6	91	20	94	83	2.24	55%	-0.07	2	3.03%	1.7	0.7	59	1

6	Jun_16_2021	245.09	225.07	220.07	224.6	224.9	223.3	223.29(-0.54%)	DT	OpenShort	-75	-0.1	-30	-50	-37	-10	2.89	52%	-0.14	-2.9	2.99%	-0.7	-0.2	29	0.9
7	Jun_15_2021	245.43	225.07	219.29	223.45	224.77	225.8	224.51(-1.45%)	N/A	N/A	0	0.1	2	50	9	-21	1.22	52%	-0.17	-9.9	2.99%	-0.7	-0.1	33	1
8	Jun_14_2021	245.84	225.31	218.58	222.07	223.07	226.51	227.81(0.96%)	N/A	N/A	0	0.6	54	120	78	-20	2.12	52%	-0.15	-16.7	2.99%	0.9	0.2	36	1.4
9	Jun_11_2021	246.2	225.32	217.88	219.69	220.65	223.74	225.65(1.76%)	N/A	N/A	0	0.6	64	110	97	-36	1.35	52%	-0.15	-27	3.09%	1.9	0	39	1.4
10	Jun_10_2021	246.58	225.18	217.42	217.25	218.2	219.64	221.74(1.94%)	N/A	N/A	0	0.4	27	60	58	-68	1.46	54%	-0.17	-38.5	3.23%	2.6	-0.3	41	1.2

11	Jun_9_2021	247.01	225.36	219.55	214.91	216.13	217.57	217.53(-0.04%)	N/A	N/A	0	0.3	4	60	31	-77	1.11	57%	-0.18	-52.5	3.24%	0.6	-0.8	44	1
12	Jun_8_2021	247.45	226.33	221.99	214.5	214.25	216.76	217.61(0.79%)	N/A	N/A	0	0.3	11	80	36	-65	1.32	57%	-0.13	-55.5	3.3%	1.3	-0.8	44	1.2
13	Jun_7_2021	247.76	227.02	224.32	214.59	213.72	214.69	215.91(1.15%)	N/A	N/A	0	0.1	14	20	36	-53	1.61	57%	-0.15	-67.3	3.32%	1.4	-1.1	46	1.4
14	Jun_4_2021	248.14	228.11	226.56	215.88	214.26	211.75	213.46(1.63%)	DP	OpenShort	-75	-0.2	-45	-100	-37	-69	1.45	50%	-0.19	-79.1	3.41%	-0.1	-1.5	41	1.5
15	Jun_3_2021	248.6	229.23	228.65	217.67	216.29	212.76	210.04(-2.53%)	DT	OpenShort	-75	-0.8	-95	-130	-100	-80	2.6	47%	-0.19	-96.6	3.46%	-1.5	-2	44	1.2

16	Jun_2_2021	249.08	230.87	230.66	224.96	218.97	216.78	215.49(-1.18%)	DT	OpenShort	-75	-1.1	-106	-150	-122	-57	1.7	45%	-0.17	-103.7	3.55%	-1.6	-1.7	46	1.5
17	Jun_1_2021	249.5	232.24	232.13	230.65	226.71	219.82	218.06(-1.92%)	DT	OpenShort	-75	-1.5	-69	-260	-84	-25	2.07	47%	-0.15	-113.1	3.58%	-1.3	-1.7	39	1.1
18	May_28_2021	249.88	234.09	233	235.5	233.18	221.16	222.34(-0.04%)	DT	OpenShort	-75	-1.1	-184	-390	-224	-65	2.99	47%	-0.12	-81.1	3.59%	-0.6	-1	47	1.5
19	May_27_2021	250.18	236.37	233.8	238.74	238.36	233.59	222.43(-9.75%)	DT	OpenShort	-75	-1.2	-165	-140	-204	-49	10.03	47%	-0.07	-66.4	3.62%	-1.3	-1	43	1.9
20	May_26_2021	250.35	238.83	234.07	240.91	243.08	245.2	246.47(1.04%)	UT	OpenLong	75	0.3	67	90	68	63	1.73	51%	-0.01	-54	3.44%	1.5	0.5	57	1.5

21	May_25_2021	250.37	240.38	231.82	237.14	239.79	243.13	243.94(0.67%)	UT	OpenLong	75	0.4	66	130	75	38	1.25	49%	-0.03	-51.2	3.45%	1.6	0.2	50	1.1
22	May_24_2021	250.45	242.1	230.94	233.96	235.7	240.97	242.31(1.57%)	UT	OpenLong	75	0.4	84	180	101	32	0.96	49%	-0.03	-47.1	3.51%	1	0	48	0.9
23	May_21_2021	250.53	244.02	229.65	230.34	232.4	236.46	238.56(2.26%)	UT	OpenLong	75	0.4	96	150	124	10	1.72	47%	-0.06	-45.2	3.5%	1	-0.2	37	0.6
24	May_20_2021	250.69	245.94	229.36	228.35	228.55	230.44	233.29(2.5%)	N/A	N/A	0	0.2	21	60	45	-51	1	47%	-0.12	-44.3	3.51%	1.2	-0.6	28	0.3
25	May_19_2021	250.98	247.95	229.4	226.23	227.38	228.35	227.59(-0.21%)	N/A	N/A	0	0.1	5	50	36	-88	0.97	47%		-46.4	3.52%	0.3	-0.9	22	-0.8
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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