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Takip Edin: @UscMarketsOKTA Stock Forecast & Okta Chart Analysis
This article provides a detailed analysis of OKTA-Okta stock including a forecast for OKTA shares. It features Okta, Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
OKTA Historical Data Review
OKTA Current Price Performance Analysis
The Okta - OKTA stock traded on the American stock market, on 06-05-2024, closed at 88.51$ with a %2.18 increased compared to the previous day.
In the last month, the price of OKTA changed by %-10.82 decreased in value, from 99.25 dollars on 05-06-2024 to 88.51 dollars, decreased.
Last year, the price of OKTA was 72.64 dollars on 06-06-2023, and changed by %21.85 increased in value, to 88.51 dollars increased within a year.
The price of Okta stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
OKTA with AI Stock Forecast & Price Target
On the OKTA chart Okta price was recorded as 88.51 Dollars on 06/05/2024.
The artificial intelligence's forecast on OKTA stock is as follows.
The artificial intelligence's prediction error margin for OKTA stock is moderately high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Okta stock over the next 4 months is: 133.2 Dollars.
The commentary on OKTA stock Target Price: Highest: 146.51 Dollars is predicted.
The commentary on OKTA stock Target Price: Lowest: 109.934 Dollars is predicted.
Resistance Price where Okta stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-20-2024 | 110.214 |
| 10-03-2024 | 146.174 |
| 11-22-2024 | 146.510 |
| 02-20-2025 | 141.634 |
Support Price where Okta stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 06-25-2024 | 109.934 |
| 10-23-2024 | 142.254 |
| 01-21-2025 | 133.990 |
| 03-27-2025 | 128.808 |
The commentary on OKTA stock: The target price can generally be said to be on the rise.
The commentary on OKTA stock: Fluctuations in the target price can be expected in the coming days.
The target price for Okta stock by the end of 2024 is predicted to be 136.88 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on OKTA stock, and the 2024 target price predictions for Okta are detailed above.
The technical analysis and charts for the commentary on OKTA stock are below.
OKTA Support & Resistance and Trend Analysis
OKTA stock you have reviewed the technical analysis support resistance charts regarding.
OKTA : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the OKTA review, the Okta support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Okta Support and Resistance Prices:
| OKTA Support Level Price | OKTA Resistance Level Price |
|---|---|
| 65.04 | 74.25 |
| 66.69 | 74.80 |
| 79.35 | 82.99 |
| 79.61 | 83.53 |
| 80.39 | 88.99 |
| 90.67 | 90.95 |
| 103.61 | 92.38 |
| 104.11 | |
| 114.50 |
OKTA Technical Analysis: SMA, RSI, MACD
Upon reviewing the OKTA chart, buy and sell signals have been generated in the Okta technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for OKTA stock are as follows:- OKTA technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Okta gave a 'Buy' signal when the RSI was at 28.676, with the current RSI value at 25.918.
- The technical analysis for Okta indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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