Okta, Inc. ($OKTA) Heads Up Against CyberArk Software Ltd. ($CYBR)

2019-08-16 | Welcome! Today we compared how two different stocks in the Computer Software: Prepackaged Software industry are trading: Okta, Inc. and CyberArk Software Ltd.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Okta, Inc. opened at 128.14, got to a maximum price of 129.0 and dropped to as low as 125.29 before finishing the session at 127.36. In total there were 1102100 shares traded, which is enough to conduct our analysis. Compare that now to CyberArk Software Ltd., which opened at 114.5, had a high of 115.18, a low of 111.56, closed at 112.71 and had a total volume of 1015800.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Okta, Inc. CyberArk Software Ltd.
Accumulation-distribution index 4451.70847 2041.82629
on-balance volume -126.87 114.41
chaikin money flow

7.62791 9.64706
force index

23.4379 42.0927
ease of movement rating

-0.01035 -0.02876
volume-price trend

13.42259 -12.52962
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Okta, Inc. CyberArk Software Ltd.
Average true range 2.39676 3.04921
Bolinger bands 126.3322 113.62926
Upper bollinger band 123.1078 110.57174
Lower bollinger band

125.29 111.56
Bollinger high band indicator

nan nan
Bollinger high low indicator

1.0 1.0
Central keltner channel

127.47667 113.74667
High band keltner channel

126.61667 113.06667
Low band keltner channel

128.33667 114.42667
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

125.29 111.56
Donchain channel low band

125.29 111.56
Donchain channel high band indicator

nan 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Okta, Inc. CyberArk Software Ltd.
Moving Average Convergence Divergence (MACD) trend_macd 0.02425
MACD signal -0.01421 0.01347
MACD difference -0.01137 0.01078
fast Exponential Moving Average (EMA) indicator

125.29 111.56
slow Exponential Moving Average (EMA) indicator

125.29 111.56
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.10756 0.43933

3.74836 -10.76677
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

66.66667 66.66667
Detrended Price Oscillator (DPO)

-12.14574 13.91089
KST Oscillator (KST)

107.34734 -110.86945
KST Oscillator (KST Signal)

107.34734 -110.86945
KST difference

-2.51891 2.15389
Ichimoku rating

128.57 114.84
Ichimoku B rating

128.57 114.84
Ichimoku visual trend A

119.83819 129.19014
Ichimoku visual trend B

125.63203 129.86655
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

-4.0 4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Okta, Inc. CyberArk Software Ltd.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 100.0 50.85388
True Strength Index (TSI) 100.0 -100.0
ultimate oscillator

80.9946 -35.17675
stochastic oscillator

431.39535 532.35294
stochastic oscillator signal

431.39535 532.35294
Williams %R rating

331.39535 432.35294
awesome oscillator

0.78067 0.82207

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Okta, Inc. and CyberArk Software Ltd..

Daily return 10.73473 -11.08695
Daily log return -0.91405 0.96432
Cumulative return -0.90989 0.96899

So there you have it: our deep, grueling analysis comparing Okta, Inc. and CyberArk Software Ltd. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Okta, Inc.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether OKTA is strong or weak. Again – this is not a reliable indication of whether Okta, Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with CyberArk Software Ltd.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Abigale Lormen

Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at amarketreportsjournal.
Abigale Lormen

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