Trading Signals: OKTA Stock Price Prediction and Forecast

^ OKTA: Intraday Hourly Forecast Similar Waves GapOpen Research Timing Gains Losses Strategies Practice

Fri. Dec. 22, 2023

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

(Okta, Inc.)
OKTA latest price $89.0100 (0.16%) ($89.0100 - $89.0100) on Fri. Dec. 22, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   3.22% (three month average)
RSI   86
Latest Price   $89.0100(0.16%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   OKTA advances 1.4% a day on average for past five trading days.
Weekly Trend   OKTA advances 9.5% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support OKTA advance at 0% a week (0% probability)
FXI(98%)    MCHI(98%)    BOTZ(94%)    IWN(94%)    XLY(91%)
Factors Impacting OKTA price   OKTA will decline at least -1.61% in a week (0% probabilities).
SHY(-19%)    UUP(-43%)    VIXM(-40%)    VXX(-6%)    TBT(5%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -1.61% (StdDev 3.22%)
Hourly BBV 0 ()
Intraday Trend 0%

5 Day Moving Average   $86.94(2.38%)
10 Day Moving Average   $83.13(7.07%)
20 Day Moving Average   $77.69(14.57%)
To recent high   0%
To recent low   35.6%
Market Cap   $11.401b

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 8.44% (three month std-dev: 3.22%) daily (68% of days).

Sample size 50 Average positive next day return: 2.51%(52%) Average negative next day return: -2.65%(48%) Sample size 50 Average positive next three day return: 4.62%(34%) Average negative next three day return: -5.16%(66%) Sample size 50 Average positive next weekly return: 5.13%(40%) Average negative next weekly return: -7.99%(60%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20240122

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	Dec_22_2023	76.56	77.69	83.13	86.94	87.6	88.96	89.01(0.16%)	UT	HoldLong	65	0.3	84	130	46	196	0.82	47%	0.22	65	3.22%	0	1.7	86	1.4
2	Dec_21_2023	76.39	76.85	81.46	85.78	86.43	87.27	88.87(3.8%)	UT	HoldLong	65	0.5	76	90	41	181	2.42	45%	0.21	67.3	3.22%	1.8	2	80	0.6
3	Dec_20_2023	76.23	75.95	79.77	84.22	85.01	86.23	85.62(-1.4%)	UD	OpenLong	75	0.3	67	130	31	173	1.75	42%	0.13	68.4	3.21%	0.1	1.8	84	0.3
4	Dec_19_2023	76.13	75.19	78.58	82.83	83.87	85.59	86.84(2.96%)	UT	OpenLong	75	0.8	91	180	62	177	2.24	42%	0.13	67.4	3.22%	1.8	2.3	74	0.7
5	Dec_18_2023	76.03	74.39	77.12	80.87	81.84	83.8	84.34(1.31%)	UT	OpenLong	75	0.8	84	200	60	154	3.03	42%	0.14	70.7	3.2%	1.5	2.3	68	0.8

6	Dec_15_2023	75.92	73.64	75.89	78.71	80.05	82.14	83.25(2.73%)	UT	OpenLong	75	1.2	92	230	77	137	3.63	42%	0.17	68.5	3.2%	1.2	2.6	70	0.8
7	Dec_14_2023	75.79	72.92	74.86	76.47	77.5	79.89	81.04(3.01%)	UT	OpenLong	75	1.5	76	260	67	104	4.48	42%	0.13	67.8	3.19%	1.4	2.6	61	1.6
8	Dec_13_2023	75.69	72.36	73.47	74.66	75.24	77.95	78.67(2.09%)	UT	OpenLong	75	1.6	69	280	69	69	2.3	42%	0.11	69.5	3.18%	1.7	2.6	60	1.4
9	Dec_12_2023	75.61	71.91	72.64	73.72	73.57	75.11	77.06(4.79%)	UT	OpenLong	75	1.7	56	140	57	51	2.94	40%	0.08	76.8	3.16%	1.8	2.6	60	1.6
10	Dec_11_2023	75.55	71.45	72.14	72.84	72.63	72.54	73.54(2.11%)	UT	OpenLong	75	0.4	14	-20	11	22	1.46	39%	0.05	74.7	3.12%	1.4	1.2	54	1.4

11	Dec_8_2023	75.51	71.17	71.81	72.63	72.54	72.03	72.02(-0.01%)	CR	SmallShort	-20	-0.3	-9	-50	-15	9	2.03	39%	0.03	63.5	3.13%	-0.7	0.5	55	1.2
12	Dec_7_2023	75.49	70.9	71.91	72.97	72.65	72.72	72.03(-2.61%)	UD	OpenLong	65	-0.4	7	-10	-1	29	2.78	39%	0.03	56.6	3.13%	-0.7	0.5	56	1
13	Dec_6_2023	75.47	70.68	71.89	71.99	73.08	73.05	73.96(1.78%)	UT	OpenLong	75	0.9	29	40	28	30	2.56	39%	0.04	39.9	3.12%	1.3	1.5	57	1.2
14	Dec_5_2023	75.44	70.39	71.58	71.36	71.5	72.59	72.67(0.26%)	N/A	N/A	0	0.6	-1	110	-4	10	1.44	39%	0.03	35.2	3.11%	0.3	1.1	56	1.3
15	Dec_4_2023	75.42	70.14	71.49	71.33	71.03	73.11	72.49(-1.68%)	UD	OpenLong	75	0.5	45	190	47	39	2.7	39%	0.03	40	3.11%	0.7	1.1	60	1.4

16	Dec_1_2023	75.4	70	71.26	70.89	71.05	70.42	73.72(9.85%)	UT	OpenLong	75	1.4	33	-60	33	33	4.51	41%	0	41.9	3.13%	2.2	1.8	63	1.3
17	Nov_30_2023	75.4	69.7	70.83	70.79	70.19	68.95	67.11(-5.2%)	CR	SmallShort	-20	-1.9	-46	-150	-62	1	5.76	44%	-0.05	45.8	3.34%	-1.6	-1.4	56	1.4
18	Nov_29_2023	75.44	69.8	71.21	71.74	71.71	71.68	70.79(-2.44%)	UD	OpenLong	75	-0.5	14	-0	2	49	9.76	47%	0	67.6	3.29%	-0.7	0.5	61	1.3
19	Nov_28_2023	75.44	69.64	71.17	71.79	71.88	71.42	72.56(3.24%)	UT	OpenLong	75	0.4	14	-40	-0	55	3.59	47%	0.04	56.1	3.27%	0.7	1.6	62	1.5
20	Nov_27_2023	75.41	69.3	70.74	71.66	71.52	71.74	70.28(-3.99%)	UD	OpenLong	65	-0.7	3	20	-13	51	3.98	47%	0.03	44.8	3.25%	-1.1	0.5	59	1.3

21	Nov_24_2023	75.39	69.14	70.52	71.64	71.93	72.35	73.2(1.84%)	UT	OpenLong	75	0.8	39	50	30	65	1.15	49%	0.13	24.7	3.21%	0	2.1	59	1.4
22	Nov_22_2023	75.29	68.84	69.83	70.91	71.17	71.29	71.88(1.21%)	UT	OpenLong	75	0.6	13	20	4	39	1.9	49%	-0.05	-29.6	3.22%	0.8	1.7	61	1.2
23	Nov_21_2023	75.33	68.59	69.39	70.61	70.69	71.52	71.02(-1.28%)	UD	OpenLong	75	0.2	16	90	10	35	1.73	49%	0.03	-80.4	3.23%	-0.2	1.4	57	1.3
24	Nov_20_2023	75.31	68.61	69.1	70.45	70.51	71.05	71.94(2.55%)	UT	OpenLong	75	0.9	33	60	29	43	1.27	49%	0.04	-122.9	3.23%	1.6	2	64	1.4
25	Nov_17_2023	75.28	68.45	68.66	69.7	70.07	69.87	70.15(0.82%)	UT	OpenLong	75	0.2	13	-0	7	29	0.8	49%		-143.8	3.22%	-0.3	0.8	65	1.5
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