Okta Stock Forecast - Price Action Indicator
| O1KT34 Stock | BRL 25.47 0.36 1.39% |
Okta Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Okta stock prices and determine the direction of Okta Inc's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Okta's historical fundamentals, such as revenue growth or operating cash flow patterns.
Okta |
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Okta Trading Date Momentum
| On December 12 2024 Okta Inc was traded for 25.47 at the closing time. The highest price during the trading period was 25.56 and the lowest recorded bid was listed for 25.35 . The volume for the day was 60.0. This history from December 12, 2024 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.39% . The trading delta at closing time to the current price is 1.86% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
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Other Forecasting Options for Okta
For every potential investor in Okta, whether a beginner or expert, Okta's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Okta Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Okta. Basic forecasting techniques help filter out the noise by identifying Okta's price trends.Okta Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Okta stock to make a market-neutral strategy. Peer analysis of Okta could also be used in its relative valuation, which is a method of valuing Okta by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Okta Inc Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Okta's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Okta's current price.| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
Okta Market Strength Events
Market strength indicators help investors to evaluate how Okta stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Okta shares will generate the highest return on investment. By undertsting and applying Okta stock market strength indicators, traders can identify Okta Inc entry and exit signals to maximize returns.
Okta Risk Indicators
The analysis of Okta's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Okta's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting okta stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.54 | |||
| Semi Deviation | 1.66 | |||
| Standard Deviation | 2.39 | |||
| Variance | 5.72 | |||
| Downside Variance | 8.53 | |||
| Semi Variance | 2.75 | |||
| Expected Short fall | (2.93) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Okta Stock
When determining whether Okta Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Okta's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Okta Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Okta Inc Stock:Check out Historical Fundamental Analysis of Okta to cross-verify your projections. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.