Trading Signals: OKTA Stock Price Prediction and Forecast

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Tue. Aug. 4, 2020

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

(Okta, Inc.)
OKTA latest price $219.4100 (-1.28%) ($216.1400 - $221.6000) on Tue. Aug. 4, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   2.7% (three month average)
RSI   68
Latest Price   $219.4100(-1.28%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   OKTA advances 1.3% a day on average for past five trading days.
Weekly Trend   OKTA advances 2.8% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Value stock rally for small cap.
Correlated ETFs   Broad market will support OKTA advance at 0% a week (0% probability)
IPO(64%)    SKYY(63%)    IBUY(59%)    IWF(57%)    QQQ(57%)
Factors Impacting OKTA price   OKTA will decline at least -1.35% in a week (0% probabilities).
VIXM(-22%)    UUP(-18%)    TBT(-16%)    VXX(-10%)    DRIV(-6%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.35% (StdDev 2.7%)
Hourly BBV -0.1 ()
Intraday Trend 0%

Inflection Point   Yes
5 Day Moving Average   $218.55(0.39%)
10 Day Moving Average   $213.04(2.99%)
20 Day Moving Average   $211.78(3.6%)
To recent high   -1.6%
To recent low   41.8%
Market Cap   $28.104b

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 3.31% (three month std-dev: 2.7%) daily (68% of days).

Sample size 13 Average positive next day return: 1.44%(46%) Average negative next day return: -1.85%(54%) Sample size 13 Average positive next three day return: 2.96%(46%) Average negative next three day return: -3.28%(54%) Sample size 13 Average positive next weekly return: 3.3%(54%) Average negative next weekly return: -4.14%(46%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200904

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	Aug_4_2020	174.03	211.78	213.04	218.55	219.48	220.29	219.41(-1.28%)	UD	OpenLong	75	0.1	39	40	28	73	1.03	73%	0.73	45	2.7%	-0.1	1.1	68	1.6
2	Aug_3_2020	172.77	211.15	212.16	215.7	217.34	220.57	222.25(0.6%)	UT	OpenLong	75	1	89	130	90	86	1.21	73%	0.68	39.5	2.72%	1.1	1.6	67	1.3
3	Jul_31_2020	171.6	210.36	211.14	212.44	213.34	218.66	220.92(0.72%)	UT	OpenLong	75	1.3	121	190	129	96	1.05	73%	0.69	30.4	2.74%	0.8	1.6	72	1.5
4	Jul_30_2020	170.43	209.65	209.7	209.41	210.09	214.12	219.34(4.04%)	UT	OpenLong	75	1.6	135	140	154	77	1.66	73%	0.63	21.5	2.76%	1.6	1.6	49	1.3
5	Jul_29_2020	169.36	209.17	207.94	206.9	206.91	208.02	210.82(2.76%)	RB	SmallLong	20	0.7	30	40	40	-2	0.9	71%	0.55	23	2.72%	1.5	0.3	39	1.6

6	Jul_28_2020	168.43	208.68	207.27	206.85	206.56	206.06	205.15(-0.39%)	DT	OpenShort	-75	-0.3	-22	-20	-16	-40	0.74	70%	0.55	25.2	2.71%	-0.4	-0.6	38	1.5
7	Jul_27_2020	167.51	208.48	207.46	208.08	208.07	205.79	205.95(0.08%)	DP	OpenShort	-75	-0.3	-45	-80	-45	-45	0.96	70%	0.49	30.8	2.74%	-0.3	-0.4	51	1.5
8	Jul_24_2020	166.69	208.4	206.98	209.57	209.6	207.06	205.79(-0.49%)	DT	OpenShort	-75	-0.6	-73	-80	-78	-57	0.92	70%	0.47	41.3	2.76%	-1	-0.4	51	1.2
9	Jul_23_2020	165.91	208.36	208.17	209.89	211.17	210.35	206.81(-1.78%)	DT	OpenShort	-75	-0.5	-20	-10	-19	-22	1.17	70%	0.47	48.5	2.77%	0.6	-0.2	51	1.3
10	Jul_22_2020	165.14	207.88	209.65	208.97	210.29	212.13	210.56(-0.35%)	UD	OpenLong	75	0.2	28	80	35	5	0.75	70%	0.49	42.5	2.75%	0.7	0.4	51	1.8

11	Jul_21_2020	164.33	207.18	210.47	207.68	207.79	211.98	211.31(-0.97%)	UD	OpenLong	75	0.5	80	140	93	39	1.17	70%	0.49	40	2.76%	-1.4	0.6	59	1.8
12	Jul_20_2020	163.53	206.59	210.1	206.76	205.39	208.45	213.39(2.91%)	UT	OpenLong	75	0.9	100	80	117	50	1.94	70%	0.53	43.5	2.78%	1.6	0.9	61	2.2
13	Jul_17_2020	162.66	205.83	209.48	204.14	203.51	203.59	207.36(2.54%)	N/A	N/A	0	0.4	12	-10	16	-2	1.2	69%	0.53	45.7	2.78%	2	0.2	55	1.9
14	Jul_16_2020	161.81	205.32	209.56	206.41	203.41	202.33	202.22(-0.93%)	DT	OpenShort	-75	-0.5	-70	-80	-85	-26	1.43	69%	0.47	63.7	2.77%	0.4	-0.4	51	1.5
15	Jul_15_2020	161.05	205	210.51	210.56	208.05	203.44	204.13(-1.26%)	CR	SmallShort	-20	-0.8	-55	-190	-78	16	2.39	69%	0.52	84.7	2.79%	-0.3	-0.1	59	1.4

16	Jul_14_2020	160.22	204.28	210.3	213.69	212.62	204.49	206.73(3.24%)	N/A	N/A	0	-0.8	-133	-280	-177	1	3.04	71%	0.51	93.1	2.79%	0	0.3	61	0.9
17	Jul_13_2020	159.41	203.39	209.76	213.81	215.39	212.67	200.25(-8.45%)	CR	SmallShort	-20	-1.4	-113	-70	-155	13	3.59	69%	0.43	89.3	2.8%	0	-0.3	54	0
18	Jul_10_2020	158.73	202.48	210.25	215.21	215.95	220.75	218.73(-1.89%)	UD	OpenLong	75	0.3	104	170	93	136	1.18	81%	0.52	82.7	2.56%	0	1.5	70	1.2
19	Jul_9_2020	157.91	200.51	208.75	213.02	213.14	218.11	222.95(1.44%)	UT	HoldLong	65	0.9	179	160	182	168	1.79	81%	0.54	71.8	2.56%	0	2	76	0.8
20	Jul_8_2020	157.06	198.4	205.99	210.61	209.96	211.14	219.78(6%)	UT	HoldLong	65	0.9	108	30	102	125	2.38	81%	0.54	64	2.56%	0	2	76	0.9

21	Jul_7_2020	156.22	196.38	203.5	206.7	207.43	208.18	207.34(0.04%)	UT	OpenLong	75	0.1	38	40	24	80	1.72	79%	0.34	47.5	2.48%	0	1.1	75	0.7
22	Jul_6_2020	155.69	195.25	202.67	205.2	204.97	208.77	207.26(-0.24%)	UD	OpenLong	75	0.2	80	130	72	103	2.3	82%	0.59	34.9	2.5%	0	1.2	75	1.1
23	Jul_2_2020	154.77	193.92	201.75	204.45	202.72	206.68	207.76(-1.5%)	UD	OpenLong	75	0.3	129	110	125	139	2.06	82%	0.47	26.2	2.63%	0	1.4	81	0.8
24	Jul_1_2020	154.05	192.8	200.58	203.74	201.18	201.18	210.92(5.34%)	UT	HoldLong	65	0.8	88	-40	73	134	2.49	82%	0.49	27	2.66%	0	2	85	0.6
25	Jun_30_2020	153.3	191.89	198.85	200.72	199.72	198.76	200.23(0.2%)	N/A	N/A	0	-0.1	-6	-50	-37	87	1.71	80%		28.1	2.64%	0	1	75	0.3
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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