Okta Stock Technical Analysis

OKTA
 Stock
  

USD 64.42  0.60  0.94%   

As of the 10th of December, Okta holds the Coefficient Of Variation of 2781.08, semi deviation of 3.59, and Risk Adjusted Performance of 0.0605. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Okta, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Okta Inc, which can be compared to its competitors. Please check Okta Inc information ratio, value at risk, as well as the relationship between the Value At Risk and expected short fall to decide if Okta Inc is priced some-what accurately, providing market reflects its current price of 64.42 per share. Given that Okta has jensen alpha of 0.0856, we recommend you to check out Okta Inc's recent market performance to make sure the company can sustain itself at a future point.
  

Okta Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Okta, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Okta
Okta's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Okta Analyst Consensus

Target PriceAdvice# of Analysts
278.35Buy20Odds
Okta Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Okta analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Okta stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Okta Inc, talking to its executives and customers, or listening to Okta conference calls.
Okta Analyst Advice Details
Okta technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Okta technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Okta trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Okta Inc Technical Analysis

Indicator
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The output start index for this execution was two with a total number of output elements of fifty-nine. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Okta Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Okta Inc Trend Analysis

Use this graph to draw trend lines for Okta Inc. You can use it to identify possible trend reversals for Okta as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Okta price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Okta Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Okta Inc applied against its price change over selected period. The best fit line has a slop of   -0.01  , which may suggest that Okta Inc market price will keep on failing further. It has 122 observation points and a regression sum of squares at 5.74, which is the sum of squared deviations for the predicted Okta price change compared to its average price change.

About Okta Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Okta Inc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Okta Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Okta Inc price pattern first instead of the macroeconomic environment surrounding Okta Inc. By analyzing Okta's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Okta's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Okta specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2020 2021 (projected)
PPandE Turnover14.3320.27
Long Term Debt to Equity1.240.31

Okta December 10, 2022 Technical Indicators

Most technical analysis of Okta help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Okta from various momentum indicators to cycle indicators. When you analyze Okta charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Okta December 10, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Okta stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please check Your Equity Center. You can also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

Complementary Tools for analysis

When running Okta Inc price analysis, check to measure Okta's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Okta is operating at the current time. Most of Okta's value examination focuses on studying past and present price action to predict the probability of Okta's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Okta's price. Additionally, you may evaluate how the addition of Okta to your portfolios can decrease your overall portfolio volatility.
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Is Okta's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Okta. If investors know Okta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Okta listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Okta Inc is measured differently than its book value, which is the value of Okta that is recorded on the company's balance sheet. Investors also form their own opinion of Okta's value that differs from its market value or its book value, called intrinsic value, which is Okta's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Okta's market value can be influenced by many factors that don't directly affect Okta's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Okta's value and its price as these two are different measures arrived at by different means. Investors typically determine Okta value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okta's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.