Bullish Trend Analysis
The moved above the 0 level on May 21, 2021. You may want to consider a long position or call options on OKTA as a result. In 57 of 67 past instances where the moved above 0, the stock continued to climb. The odds of a continued upward trend are 85%.
The Moving Average Convergence Divergence ( ) for OKTA just turned positive on May 24, 2021. Looking at past instances where OKTA’s turned positive, the stock continued to rise in 34 of 39 cases over the following month. The odds of a continued upward trend are 87%.
OKTA moved above its 50-day Moving Average on May 24, 2021 date and that indicates a change from a downward trend to an upward trend.
Following a +3.65% 3-day Advance, the price is estimated to grow further. Considering data from situations where OKTA advanced for three days, in 260 of 305 cases, the price rose further within the following month. The odds of a continued upward trend are 85%.
OKTA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.