Trading Signals: OKTA Stock Price Prediction and Forecast

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Wed. Jan. 6, 2021

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

(Okta, Inc.)
OKTA latest price $239.8900 (-3.31%) ($239.8900 - $239.8900) on Wed. Jan. 6, 2021.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.04% (three month average)
RSI   45
Latest Price   $239.8900(-3.31%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   OKTA declines -1.7% a day on average for past five trading days.
Weekly Trend   OKTA declines -3.2% a week on average for past two weeks.
Market Behavior   Rotation from growth to value for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support OKTA advance at 0% a week (0% probability)
IPO(64%)    SKYY(63%)    IBUY(60%)    IWF(57%)    IWO(57%)
Factors Impacting OKTA price   OKTA will decline at least -1.52% in a week (0% probabilities).
VIXM(-24%)    UUP(-19%)    TBT(-14%)    VXX(-9%)    UNG(-1%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.52% (StdDev 3.04%)
Hourly BBV -1.7 ()
Intraday Trend 0%

Resistance Level   $259.07
5 Day Moving Average   $250.89(-4.38%)
10 Day Moving Average   $260.47(-7.9%)
20 Day Moving Average   $259.07(-7.4%)
To recent high   -16%
To recent low   17.7%
Market Cap   $30.727b

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 5.06% (three month std-dev: 3.04%) daily (68% of days).

Sample size 8 Average positive next day return: 2.12%(25%) Average negative next day return: -3.28%(75%) Sample size 8 Average positive next three day return: 3.49%(25%) Average negative next three day return: -8.95%(75%) Sample size 8 Average positive next weekly return: 4.3%(38%) Average negative next weekly return: -8.52%(63%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20210206

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_6_2021	228.62	259.07	260.47	250.89	248.43	244	239.89(-3.31%)	DT	OpenShort	-75	-0.8	-149	-150	-157	-126	1.41	47%	0.15	17.2	3.04%	-1.7	-1.5	45	-0.4
2	Jan_5_2021	228.27	259.53	264.15	255.25	253.5	249.83	248.1(-1.37%)	DT	OpenShort	-75	-0.6	-83	-120	-89	-66	2.06	51%	0.22	28.3	3.02%	-1.1	-0.9	52	-0.5
3	Jan_4_2021	227.77	259.34	266.49	258.14	256.69	252.87	251.55(-1.09%)	DT	OpenShort	-75	-0.5	-96	-120	-110	-52	1.86	51%	0.35	35.4	3.05%	-1.2	-0.6	53	-1.6
4	Dec_31_2020	226.98	258.99	268.62	263	259.43	257.18	254.33(-2.41%)	DT	OpenShort	-75	-0.6	-93	-100	-117	-19	1.6	51%	0.25	45.9	3.04%	-2.1	-0.3	58	1.2
5	Dec_30_2020	226.41	257.95	269.45	266.65	264.85	260.5	260.6(-0.41%)	N/A	N/A	0	-0.4	-37	-140	-62	39	1.23	51%	0.29	49.6	3.03%	-0.6	0.2	71	1.3

6	Dec_29_2020	225.75	256.85	269.09	271.65	267.94	261.69	261.66(-0.35%)	CR	SmallShort	-20	-0.7	-141	-200	-192	13	1.43	51%	0.28	60.7	3.03%	0.4	0.3	57	0.2
7	Dec_28_2020	225.12	256.04	268.32	274.42	274.15	269.2	262.58(-4.81%)	CR	SmallShort	-20	-0.8	-73	-130	-118	63	1.49	51%	0.28	70	3.03%	0.3	0.4	60	1.2
8	Dec_24_2020	224.49	254.94	267.54	275.91	277.4	274.2	275.85(1.21%)	N/A	N/A	0	-0	-23	-60	-65	103	0.71	57%	0.24	74.9	3.02%	-2.4	1.3	68	1.3
9	Dec_23_2020	223.96	253	264.84	275.02	275.95	279.11	272.54(-4.57%)	UD	OpenLong	65	-0.2	19	90	-17	126	1.66	57%	0.24	80.8	3.03%	-1.3	1.3	66	0.5
10	Dec_22_2020	223.43	250.85	261.02	272.51	275.78	280.6	285.61(3.66%)	UT	HoldLong	65	0.9	213	160	212	215	1.47	60%	0.29	77.8	2.97%	1.7	2.3	77	-0.7

11	Dec_21_2020	222.79	247.86	257.36	266.26	269.35	272.79	275.53(2.03%)	UT	OpenLong	75	0.7	112	120	97	155	1.52	61%	0.25	75.7	2.96%	1.3	2	69	-1.6
12	Dec_18_2020	222.23	245.64	254.23	261.42	264.07	270.95	270.04(-0.49%)	UD	OpenLong	75	0.7	143	210	140	152	2.09	61%	0.23	77.4	2.99%	1.1	2	61	1.2
13	Dec_17_2020	221.72	243.68	251.26	257.95	259.38	265.92	271.37(4.38%)	UT	OpenLong	75	1.2	196	190	206	165	2.02	61%	0.28	80.7	2.99%	1.5	2.5	64	1.6
14	Dec_16_2020	221.11	241.24	248.17	253.27	254.59	257.19	259.98(2.19%)	UT	OpenLong	75	0.7	118	90	119	115	1.75	59%	0.25	80.4	2.95%	0.9	1.9	62	1.5
15	Dec_15_2020	220.56	239.52	245.2	247.71	251.59	252.84	254.4(1.24%)	UT	OpenLong	75	0.7	73	80	73	72	1.93	59%	0.22	75.5	2.95%	0.1	1.6	64	0.8

16	Dec_14_2020	220.07	237.94	243.41	247.09	251.59	251.99	251.29(-0.56%)	UD	OpenLong	75	0.5	39	160	31	61	1.49	59%	0.21	77.5	2.95%	0.7	1.4	64	-0.6
17	Dec_11_2020	219.61	236.46	242.66	245.91	246.04	250.34	252.7(1.9%)	UT	OpenLong	75	0.7	183	120	199	133	1.27	59%	0.21	68.3	2.95%	1.4	1.8	60	0.3
18	Dec_10_2020	219.14	235.01	241.28	243.58	244.22	240.09	247.99(6.8%)	UT	HoldLong	50	0.5	6	-110	-7	46	0.07	59%	0.17	60.6	2.96%	0.5	1.5	59	0.9
19	Dec_9_2020	218.77	233.58	240.21	242.4	242.48	241.74	232.2(-7.59%)	CR	SmallShort	-20	-1.2	-106	-20	-141	1	2.39	55%	0.1	52	2.85%	-2.1	-0.2	58	1
20	Dec_8_2020	218.55	232.74	240.15	241.97	244.95	248.34	251.27(2.39%)	UT	OpenLong	75	1	154	130	162	128	0.91	58%	0.17	48.1	2.68%	1.3	1.9	67	1.6

21	Dec_7_2020	218.17	231.02	237.76	239.07	239.78	243.22	245.41(1.82%)	UT	OpenLong	75	0.7	57	110	51	73	0.91	58%	0.17	49.3	2.71%	0.5	1.6	67	1.1
22	Dec_4_2020	217.79	230.31	236.47	238.99	237.99	241.56	241.02(-0.44%)	UD	OpenLong	75	0.2	93	90	90	100	1.14	58%	0.18	65.8	2.72%	0.1	1.2	66	1.2
23	Dec_3_2020	217.4	229.84	235.59	238.76	238.56	236.35	242.09(5.24%)	UT	OpenLong	75	0.4	57	-70	46	89	3.94	51%	0.18	77.2	2.74%	0.4	1.5	64	0.9
24	Dec_2_2020	217.01	229.11	233.8	237.9	237.84	234.43	230.04(-2.85%)	CR	SmallShort	-20	-1	-88	-100	-123	19	1.73	48%	0.11	84.6	2.93%	-1.4	0.1	61	1
25	Dec_1_2020	216.78	228.13	233.55	237.81	239.32	240.77	236.79(-3.35%)	UD	OpenLong	75	-0.1	37	60	20	88	1.48	51%		67.3	2.92%	0.3	1	72	1
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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