Trading Signals: OKTA Stock Price Prediction and Forecast

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Fri. Jul. 23, 2021

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

(Okta, Inc.)
OKTA latest price $258.0500 (3.58%) ($258.0500 - $258.0500) on Fri. Jul. 23, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.49% (three month average)
RSI   64
Latest Price   $258.0500(3.58%)
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 0.1% a week on average for past two weeks.
Market Behavior   Broad based rally 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(61%)    IWO(59%)    IWF(56%)
Factors Impacting OKTA price   OKTA will decline at least -1.245% in a week (0% probabilities).
VIXM(-25%)    UUP(-19%)    TBT(-12%)    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   -1.245% (StdDev 2.49%)
Hourly BBV 1.2 ()
Intraday Trend 0%

5 Day Moving Average   $248.65(3.78%)
10 Day Moving Average   $245.57(5.08%)
20 Day Moving Average   $246.25(4.79%)
To recent high   -9.5%
To recent low   22.9%
Market Cap   $33.053b

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 2.08% (three month std-dev: 2.49%) daily (68% of days).

Sample size 33 Average positive next day return: 1.66%(45%) Average negative next day return: -1.81%(55%) Sample size 33 Average positive next three day return: 2.73%(52%) Average negative next three day return: -2.97%(48%) Sample size 33 Average positive next weekly return: 3.19%(55%) Average negative next weekly return: -3.88%(45%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210823

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	Jul_23_2021	237.95	246.25	245.57	248.65	250.49	253.6	258.05(3.58%)	UT	OpenLong	75	1.8	148	110	173	72	1.6	42%	0.12	40.4	2.49%	1.2	2.3	64	-0.2
2	Jul_22_2021	237.66	245.53	244.7	244.25	246.3	248.21	249.14(0.75%)	UT	OpenLong	75	1.1	52	80	65	14	1.09	37%	0.03	32.4	2.46%	0.8	0.8	60	-0
3	Jul_21_2021	237.58	245.19	244.8	241.89	243.02	247.38	247.28(-0.08%)	UD	OpenLong	75	1.3	76	140	95	19	0.71	42%	-0.05	37.7	2.45%	0.6	0.5	53	0.7
4	Jul_20_2021	237.7	244.91	244.99	240.87	240.55	244.39	247.47(2.56%)	UT	OpenLong	75	1.5	104	110	129	28	1.1	42%	-0.09	49.2	2.5%	1.7	0.6	49	-0.5
5	Jul_19_2021	237.92	244.23	245.14	241.23	239.2	238.67	241.3(2.23%)	N/A	N/A	0	0	5	-40	12	-15	1.02	39%	-0.09	49.5	2.48%	1.8	-0.6	44	-2.8

6	Jul_16_2021	238.13	244.2	245.25	242.12	241.2	236.71	236.04(-0.56%)	DT	OpenShort	-75	-1.2	-91	-140	-101	-59	0.68	39%	-0.08	67.3	2.46%	-1	-1.6	41	0.3
7	Jul_15_2021	238.33	244.14	245.89	245.22	243.63	239.74	237.37(-1.98%)	DT	OpenShort	-75	-1.5	-149	-130	-173	-75	1.15	45%	-0.14	90.5	2.47%	-1.4	-1.3	43	1
8	Jul_14_2021	238.66	243.58	246.74	248	247.16	245.7	242.16(-2.87%)	DT	OpenShort	-75	-0.8	-54	-50	-67	-16	1.08	45%	-0.12	87	2.57%	-1.8	-0.2	52	1.6
9	Jul_13_2021	238.95	242.8	247.39	249.56	249.48	247.52	249.3(1.45%)	N/A	N/A	0	-0	-14	-60	-24	16	1.47	55%	-0.11	85.5	2.56%	-0.2	0.8	63	1.2
10	Jul_12_2021	239.21	241.77	247.15	249.63	249.64	248.63	245.74(-2.29%)	N/A	N/A	0	-0.5	-38	-30	-56	15	1.5	55%	-0.18	89.1	2.71%	-1.2	0.5	70	1.2

11	Jul_9_2021	239.65	240.82	247.16	248.8	250.22	251.44	251.51(0.09%)	UT	OpenLong	75	0.3	51	50	49	58	1.21	55%	-0.14	87.8	2.7%	1.2	1.2	64	1.1
12	Jul_8_2021	239.99	239.36	246.48	246.66	247.73	250.65	251.28(0.53%)	UT	OpenLong	75	0.5	63	100	63	63	1.21	60%	-0.14	83.7	2.72%	1.3	1.3	70	-0.1
13	Jul_7_2021	240.32	237.71	245.57	245.33	245.1	249	249.95(0.11%)	UT	OpenLong	75	0.5	86	110	88	81	0.78	60%	-0.17	76.8	2.85%	0.7	1.2	75	1
14	Jul_6_2021	240.74	236.12	244.72	245	243.77	244.81	249.68(3.36%)	UT	OpenLong	75	0.4	69	10	64	85	1.56	60%	-0.17	73.5	2.87%	1.3	1.3	73	0.9
15	Jul_2_2021	241.16	234.46	243.09	244.5	243.83	241.19	241.57(0.31%)	N/A	N/A	0	-0.3	-22	-80	-45	46	0.79	57%	-0.19	64.7	2.82%	-0.8	0.6	65	1.5

16	Jul_1_2021	241.62	233.11	242.97	245.29	245.23	242.74	240.82(-1.57%)	CR	SmallShort	-20	-0.4	-48	-70	-80	49	1.24	59%	-0.19	59.5	2.84%	-1.6	0.6	66	1.7
17	Jun_30_2021	242.09	231.64	242.28	246.14	246.41	246.46	244.65(-1.46%)	UD	OpenLong	65	-0.1	5	0	-22	86	0.92	62%	-0.15	47.2	2.89%	-1.4	1	73	1.5
18	Jun_29_2021	242.45	230.19	240.3	245.69	246.51	247.72	248.28(0.45%)	UT	HoldLong	65	0.2	62	40	43	118	0.78	62%	-0.14	36.5	2.89%	0.7	1.5	79	1.4
19	Jun_28_2021	242.78	228.63	237.97	244.34	245.04	246.36	247.17(0.66%)	UT	HoldLong	65	0.2	61	50	41	119	0.79	62%	-0.15	25.6	2.89%	0.6	1.6	78	1.7
20	Jun_25_2021	243.14	227.3	236.02	241.47	243.64	245.31	245.55(0.2%)	UT	HoldLong	65	0.4	79	70	63	125	1.2	62%	-0.16	13.5	2.92%	0.4	1.7	79	2

21	Jun_24_2021	243.52	226.06	234	240.33	240.45	243.73	245.06(1.1%)	UT	HoldLong	65	0.5	70	100	51	128	0.92	62%	-0.13	6.7	2.92%	0.7	1.9	80	1.7
22	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
23	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
24	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
25	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%		4.9	2.94%	1.2	1.3	64	-0.2
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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