Trading Signals: OKTA Stock Price Prediction and Forecast

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Tue. Jan. 3, 2023

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

(Okta, Inc.)
OKTA latest price $69.6150 (1.97%) ($69.6150 - $70.6800) on Tue. Jan. 3, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   5.04% (three month average)
RSI   52
Latest Price   $69.6150(1.97%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   OKTA advances 0.9% a day on average for past five trading days.
Weekly Trend   OKTA declines -1.2% a week on average for past two weeks.
Market Behavior   Rotation from growth to value for large cap. Growth stock sell-off for small cap.
Correlated ETFs   Broad market will support OKTA advance at 0% a week (0% probability)
QQQ(44%)    FIVG(43%)    IWF(41%)    IWO(41%)    ONLN(40%)
Factors Impacting OKTA price   OKTA will decline at least -2.52% in a week (0% probabilities).
VWO(-14%)    XLP(-12%)    XLB(-9%)    XME(-8%)    UNG(-6%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -2.52% (StdDev 5.04%)
Hourly BBV 1.6 ()
Intraday Trend 0%

5 Day Moving Average   $67.29(3.46%)
10 Day Moving Average   $67.04(3.84%)
20 Day Moving Average   $66.57(4.57%)
To recent high   -1.4%
To recent low   54.5%
Market Cap   $8.917b

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 3.8% (three month std-dev: 5.04%) daily (68% of days).

Sample size 33 Average positive next day return: 1.98%(64%) Average negative next day return: -2.34%(36%) Sample size 33 Average positive next three day return: 4.75%(67%) Average negative next three day return: -2.42%(33%) Sample size 33 Average positive next weekly return: 4.24%(67%) Average negative next weekly return: -4.89%(33%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

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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	Jan_3_2023	62.51	66.57	67.04	67.29	67.66	69.1	69.62(1.97%)	N/A	N/A	0	0.9	17	170	24	-5	1.85	74%	-1.28	94.5	5.04%	1.6	1.2	52	-0.1
2	Dec_30_2022	63.32	66.31	66.86	66.72	66.39	67.8	68.27(-0.15%)	N/A	N/A	0	0.6	13	130	19	-7	1.28	74%	-0.55	113.2	5.04%	1.6	0.8	61	1
3	Dec_29_2022	63.67	66.24	66.8	66.53	66	66.22	68.37(4.55%)	N/A	N/A	0	0.7	9	-0	13	-5	1.84	74%	-0.59	145.5	5.04%	0	0.8	63	-57.9
4	Dec_28_2022	64.05	65.54	66.96	66.38	66.01	64.98	65.4(0.95%)	DP	OpenShort	-75	-0.3	-11	-130	-13	-3	1.48	74%	-0.57	107	5.01%	-0.9	-0	63	1.3
5	Dec_27_2022	64.42	64.91	67.47	66.58	66.63	65.77	64.78(-2.97%)	CR	SmallShort	-20	-0.4	-9	-90	-16	12	1.14	74%	-1.27	88.3	5.02%	-1.5	-0	61	1.2

6	Dec_23_2022	65.25	64.26	67.88	66.69	67.03	67.05	66.77(-0.85%)	UD	OpenLong	65	0	5	20	-4	30	1.38	74%	-0.58	68.8	4.98%	-0	0.4	66	1.3
7	Dec_22_2022	65.63	63.48	67.7	66.99	66.64	67.49	67.34(-0.44%)	UD	OpenLong	75	0.1	11	70	3	36	2.38	74%	-0.56	70.7	4.99%	1	0.6	58	1.8
8	Dec_21_2022	66	62.69	67.37	67.12	66.91	67	67.64(1.93%)	UT	OpenLong	75	0.1	15	0	8	34	2.82	74%	-0.47	67.7	5.01%	1.3	0.7	51	1.6
9	Dec_20_2022	66.31	61.75	66.83	67.69	66.99	65.79	66.36(1.55%)	N/A	N/A	0	-0.2	-5	-160	-21	45	1.57	74%	-0.5	62.3	5.01%	-0.2	0.6	73	1
10	Dec_19_2022	66.64	60.89	66.45	68.54	68.02	66.82	65.35(-4.25%)	N/A	N/A	0	-0.4	-1	-150	-26	73	2.15	74%	-0.49	61.2	5.01%	-1.5	0.6	75	1.8

11	Dec_16_2022	66.97	60.14	66.16	69.2	69.37	68.18	68.25(0.38%)	UD	OpenLong	65	-0.1	24	-110	-6	115	2.42	74%	-0.45	59.8	4.98%	-0.6	1	80	0.6
12	Dec_15_2022	67.27	59.19	65.77	68.45	69.43	69.22	67.99(-3.55%)	UD	OpenLong	65	-0.1	32	20	-3	138	3.88	74%	-0.43	57	5.04%	-1.6	1.1	80	-0.8
13	Dec_14_2022	67.56	58.31	65.66	67.58	68.57	70.57	70.5(-0.2%)	UD	OpenLong	75	0.4	67	250	30	179	2.08	74%	-0.31	58.4	5.02%	0.9	1.5	81	-0.4
14	Dec_13_2022	67.77	57.4	64	65.82	66.86	69.64	70.64(2.94%)	UT	HoldLong	65	0.6	88	340	55	185	5.33	74%	-0.43	59.3	5.03%	1.4	1.7	84	-0.4
15	Dec_12_2022	68.06	56.4	62.11	64.09	64.58	66.57	68.62(6.4%)	UT	HoldLong	65	0.6	75	240	43	172	3.46	74%	-0.48	60.4	5.06%	1.9	1.7	82	-1.9

16	Dec_9_2022	68.39	55.62	60.3	62.74	62.92	64.07	64.49(1.32%)	UT	OpenLong	75	0.3	53	140	19	156	1.88	72%	-0.58	67.8	5%	0.9	1.4	75	-0.8
17	Dec_8_2022	68.79	54.84	58.9	62.76	62.26	62.59	63.65(3.18%)	UT	HoldLong	65	0.1	41	10	2	159	2.35	72%	-0.58	70.7	5.01%	1.3	1.4	76	-0.1
18	Dec_7_2022	69.19	53.93	57.63	63.49	62.5	61.76	61.69(-0.5%)	UD	OpenLong	75	-0.3	45	-130	0	178	4.45	72%	-0.5	71.7	5%	-0.3	1.3	69	-0.5
19	Dec_6_2022	69.54	53.22	56.3	61.81	63.96	61.94	62(0.19%)	UT	OpenLong	75	0	50	-120	15	153	2.2	72%	-0.47	59.1	5.01%	-0.7	1.5	63	-0.2
20	Dec_5_2022	69.87	52.46	54.93	59.67	61.79	63.23	61.88(-4.18%)	UD	OpenLong	75	0.4	33	270	5	115	3.5	72%	-0.47	43	5.06%	-1.8	1.7	65	0.5

21	Dec_2_2022	70.2	51.6	53.68	57.33	59.13	65.98	64.58(-4.06%)	UD	OpenLong	75	1.3	102	910	98	114	5.8	72%	-0.4	21.9	5.07%	0.5	2.4	63	0.6
22	Dec_1_2022	70.48	50.81	52.03	54.42	55.49	60.34	67.31(26.29%)	UT	OpenLong	75	2.9	120	670	130	89	18.57	52%	-0.44	1.6	5.09%	1.5	3.7	72	0.8
23	Nov_30_2022	70.79	49.89	50.2	51.11	51.15	52.29	53.3(3.96%)	UT	OpenLong	75	0.9	23	160	25	15	4.74	39%	-0.59	-46.3	5.64%	2.4	1.4	66	0.9
24	Nov_29_2022	71.21	49.93	50.2	50.05	50.54	50.63	51.27(2.15%)	UT	OpenLong	75	0.5	13	40	14	8	4.89	39%	-0.7	-60.8	5.62%	0.8	0.5	58	1.4
25	Nov_28_2022	71.71	50.13	50.13	49.46	49.72	50.01	50.19(0.32%)	N/A	N/A	0	0.3	0	60	-1	4	5.52	39%		-58.2	5.63%	0.5	0	58	1.4
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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