OKTA: 250-290 We have reached the bottom, but watch out for Volume changes and check Options Chain. We could see 250 in Medium Term.
0OK trade ideas
OKTA: When TA is upgraded to artOKTA: When TA is upgraded to art
-Long term ABCD pattern.
-Quasimodo pattern.
-Less volume on consolidation range from the May 22 up to now.
-Demand vol confirmed last week.
Good buying entry when backtest.
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Wait n see
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$OKTA consolidation in bullish flag/pennantNeed to wait for confirmation of breakout from flag/pennant.
Q3 provided bullish fwd guidance for Q4 which reports Feb '25. Fy25 will have a product portfolio with incremental innovation to grow vs. base period. Fy23 data breach issues mostly in the base period now.
OKTA forming a cup and handle pattern (BULLISH)Okta recently came out with earnings and we saw a surprise on all aspects of its numbers and EPS positive surprise of ~15%. On the technicals, it seems to be forming a cup and handle pattern which is considered very BULLISH. Together I expect this stock to rally over the short term with an upside of over 20% from here. 100 $ here we come!!!
$OKTA - It will most likely break through this timeNASDAQ:OKTA The combined resistance of the 200DMA and the trendline is making it hard to break through. But if it retests the trendline, it will most likely break through it.
Targets are in the chart.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
Can Identity Security Redefine the Future of Digital Trust?In the labyrinthine world of cybersecurity, Okta Inc. emerges as a beacon of strategic innovation, transforming the complex landscape of identity management with remarkable financial resilience. The company's recent economic performance reveals a compelling narrative of growth that transcends traditional technological boundaries, showcasing how strategic investments and technological prowess can turn potential vulnerabilities into competitive advantages.
The digital landscape is becoming increasingly defined by complex security challenges, and Okta has established itself as a key player in this critical area. With a subscription revenue growth of 14% and strategic investments of $485 million in research and development, the company shows a strong commitment to advancing the possibilities in identity and access management. This approach is not just about providing technological solutions; it embodies a comprehensive vision for creating secure and seamless digital experiences that enable organizations to effectively navigate the increasingly intricate technological environment.
Despite facing significant market challenges, including intense competition and cybersecurity threats, Okta has transformed potential obstacles into opportunities for innovation. By maintaining a laser-focused approach to workforce and customer identity solutions, the company has survived and thrived, turning operating losses into a pathway toward profitability. The transition from a net loss of $81 million to a net income of $16 million underscores a strategic metamorphosis that challenges traditional narratives of technological enterprise, suggesting that true innovation emerges not from avoiding challenges, but from confronting them with intelligent, forward-thinking strategies.
As digital transformation continues to reshape enterprise security, Okta stands at the forefront of a critical revolution. The company's journey illustrates a profound truth: in an era of unprecedented technological complexity, the most successful organizations can transform uncertainty into opportunity, security into innovation, and technological challenges into strategic advantages. Okta's trajectory is more than a corporate success story—it's a testament to the power of visionary thinking in an increasingly interconnected world.
12/3/24 - $okta - Long print ~$80, setup B+12/3/24 :: VROCKSTAR :: NASDAQ:OKTA
Long print ~$80, setup B+
- if one thing is clear, it's that beats and misses are ultra-super-duper-did-i-mention-ultra magnified these past Q's and especially this 3Q reporting season
- the beats, however, are sending stuff ape'ing so if you can find decent setups, it probably pays to neck out a bit until the punch bowl gets taken away
- i have followed NASDAQ:OKTA for a while and made a private comment (prior to opening up my writing) earlier this year. the math just didn't make a ton of sense to me then, SBC was still an issue, valuation was not obvious and it proved to be pretty spot on - the stock has effectively been dead money
- but given the beats we've seen from panw, zs (albeit stonks haven't really reacted - but valuation for these is in the stratosphere which is why i've just been in watch mode), okta presents an interesting case where if you look at google trends (as it's a consumer facing B2B)... they're squarely up and to the right. with all the russia russia russia, china china china rhetoric... identity mgmt remains a great "factor"
- while again, the SBC issue does rub me the wrong way, the stonk isn't broken, momentum is good and so i'm not going to count it against the valuation just yet which puts cash yield in the 5% range growing >10% which... with a unique biz is a good setup.
- again PE in high 20s... i think u can do better e.g. i love NYSE:TSM most of all tech-related names (i don't put NASDAQ:NXT in that bucket, which is my largest single name and consider more "infra-energy"), but again... a beat, a raise, any positive speech could easily send this NASDAQ:OKTA to fil it's sub $100 gap from last Q.
- i'm not wed to it tho, i'm borrowing some upside using Jan ITM calls, so any down move if it's -10-15% or w/e i can decide to reload, adjust etc and won't hurt the bank of V. but if it runs, it's probably a multi-day situation as we've seen with a lot of the recent beats esp given the current tape.
what do u think?
V
OKTA looking bullish Dec 3 2024OKTA is looking good to go long at current market price(cmp).
When we long at cmp the only issue is that the SL would be big.
Target would be $95++
If you have any doubts then feel free to DM me
OKTA $OKTA | RANGE BOUND EARNINGS PLAY - Nov. 3rd, 2024OKTA NASDAQ:OKTA | RANGE BOUND EARNINGS PLAY - Nov. 3rd, 2024
BUY/LONG ZONE (GREEN): $78.75 - $99.00
DO NOT TRADE/DNT ZONE (WHITE): $71.50 - $78.75
SELL/SHORT ZONE (RED): $58.75 - $71.50
Weekly: Bearish
Daily: Bearish
4H: Bullish
1H: Bullish
NASDAQ:OKTA price movement has been range bound since the previous earnings report on Aug28th. I am now looking for this upcoming earnings report on Nov3rd post market to be the new catalyst for breaking out or down from this range. The bottom level of the range marks the 52 week lows. For the time being, price has made its way to the top of the range, if there is a negative reaction to the earnings report, price may only dip back down to the bottom of the range and stay within the sideways levels.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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OKTA Options Ahead of EarningsIf you haven`t bought OKTA before the previous breakout:
Now analyzing the options chain and the chart patterns of OKTA prior to the earnings report this week,
I would consider purchasing the 85usd strike price Calls with
an expiration date of 2025-5-16,
for a premium of approximately $7.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
OKTA analysis#OKTA looking good on the alltime-chart.
Expecting turnaround in near future.
Short timeframe no clear bottom formation visible yet.
Big picture very clear. Elliott-Waves adding up nicely.
61.8% Fibonacci-Retracement hit perfectly on log-chart.
$OKTA - Bargain or a falling knife?Okta ( NASDAQ:OKTA ) is trading inside a descending broadening wedge and starting to form a base from which it could launch.
However, there is a risk that breaking below the current support level could be disastrous for the stock. Knowing that risk, would you bet on it?
This earnings report (ER) is going to be a make-or-break event for the stock.
Targets are shown in the chart.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
Okta - identity crisis?We appear to be in an Expanding Diagonal pattern. I believe Okta still has some room to go and we should get a final wave to the upside.
Currently we are in correction territory and so there may be an opportunity to go long here. The ideal entry will be around the golden fib retracement and within the Expanding Diagonal support confluence.
I am merely bringing this to your attention, keep an eye on it. Not financial advice
OKTALooks like $94 to 96 move is possible within the next couple of weeks provided market holds steady. Not a recommendation.
OKTAI bought OKTA several months ago, after the flat - gap up - and after some pullback.
An evident mistake. ALthough, seems like it is printing a diagonal structure, and has decent long-term potential. In anyway, will exit as soon as price reaches my entry level
OKTA Buy while cheapEntry at or above 90
Stop loss 83.80
Safety Target 96.20
Look for at least 10 to 1 to final target
OKTA - Time to go long?This is my 2nd stab at OKTA Long trade.
It filled the Gap below from the last earnings Gap up and seeing a bid here today.
Starter long entry anywhere here 85-90, if it holds 90 this time, we can add more position size.
Target#1 - 100
Target#2 - 120
Target #3 - 144, after some drama
Stop Loss - below 85
OKTA retesting the critical resistance at 87After a good breakout, price is retesting that important resistance at 87 the stock rejected 5 times last year. That also coincides with the 200MA. Strong confluence.
If that can successfully be flipped to support, it will be very constructive for the stock for the next few months.
Watching and will consider a long above 91.
From there 115 is first target followed by 150 area.
Okta Shares Down 6.21% On Q1 Fiscal Year 2025 Financial ResultsOkta ( NASDAQ:OKTA ), the leading independent identity partner, has announced its financial results for the first quarter of fiscal year 2025. The company reported a 19% year-over-year increase in Q1 revenue and a 20% year-over-year increase in subscription revenue. The current remaining performance obligations (cRPO) also increased by 15% to $1.949 billion. The company's CEO, Todd McKinnon, stated that the company began the new fiscal year with record non-GAAP profitability and cash flow.
The total revenue for Q1 was $617 million, an increase of 19% year-over-year. Subscription revenue was $603 million, an increase of 20% year-over-year. The RPO, or subscription backlog, was $3.364 billion, an increase of 14% year-over-year. The cRPO, or subscription backlog expected to be recognized over the next 12 months, was $1.949 billion, up 15% compared to the first quarter of fiscal 2024.
GAAP operating loss was $47 million, or 8% of total revenue, compared to a GAAP operating loss of $160 million, or (31)% of total revenue, in the first quarter of fiscal 2024. Non-GAAP operating income was $133 million, or 22% of total revenue, compared to a non-GAAP operating income of $37 million, or 7% of total revenue, in the first quarter of fiscal 2024.
GAAP net loss was $40 million, compared to a GAAP net loss of $119 million in the first quarter of fiscal 2024. Non-GAAP net income was $117 million, compared to a non-GAAP net income of $38 million in the first quarter of fiscal 2024. Net cash provided by operations was $219 million, or 36% of total revenue, compared to net cash provided by operations of $129 million, or 25% of total revenue, in the first quarter of fiscal 2024. Free cash flow was $214 million, or 35% of total revenue, compared to $124 million, or 24% of total revenue, in the first quarter of fiscal 2024.
The company's financial outlook for Q2 is expected to be stable but challenging, with growth rates of 13% to 14% year-over-year. For the full year, the company expects total revenue of $2.530 billion to $2.540 billion, with non-GAAP operating income of $490 million to $500 million, a non-GAAP operating margin of 19% to 20%, and a non-GAAP free cash flow margin of approximately 22%.
Technical Outlook
Okta shares is down 6.78% as of the time of writing trading with a weak Relative Strength Index (RSI) of 30.61 which is currently oversold. Due to the "Golden Cross Pattern" on the 11th of January, NASDAQ:OKTA shares surge to local monthly highs. The daily price chart depicts a long "Bearish Harami" candle stick pattern.
$OKTA #OKTANASDAQ:OKTA #OKTA is currently testing a significant level where a couple of broken wedges are being tested.
For this one, I may reinforce the analysis later on with some more insights early next week.
#AHMEDMESBAH
Descending Wedge on Daily ChartOKTA was bullish and formed descending wedge on correction. If this plays per book we might see a pop. First level to look out would be 104 if it breaks 102 tomorrow and if it breaks 98 this might be invalid
OKTA watch this one closely for a surprise popWatching this gap fill as it slowly pulls back to 50DMA.
Build long slowly based on broader market condition, don’t jump all at once.
Long between 92-95-98
Stop loss - 90
Target#1 - 110
Target#2 - 125
$OKTA PEG (Power Earnings Gap) CandidateNASDAQ:OKTA jumped over 22% at the open from earnings reported on February 29th. It had a wide range of trading that day and closed just under the open about midway through the candle. It has been digesting that big move on lower volume for sixteen “trading” days (3 weeks). I went long this yesterday on the break of the downtrend line (blue). It pulled back by the end of the day but has not triggered my stop which is under the low of March 19th (103.61). It is recovering today but it really needs to get up and over yesterday’s high before I would now consider it a breakout.
I do have a one-half size position and if it can get up and over 107.30, I plan to bring it up to a full-sized position. As mentioned above, I do have a stop in place just in case it continues to the downside.
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
