Overall ROKU gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ROKU has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, ROKU also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
53.86
When analyzing the support we can see 6 important areas.
- A support zone ranging from 99.99 to 101.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @97.93 from a trend line in the weekly time frame.
- Support @95.56 from a trend line in the daily time frame.
- A support zone ranging from 92.02 to 93.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @57.54 from a trend line in the weekly time frame.
- Support @54.40 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @108.83 from a horizontal line in the weekly time frame.
- Resistance @111.09 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ROKU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ROKU is up. |
| ChartMill Relative Strength | 84.43 | POSITIVE | ROKU has a high relative strength, it outperformed 84.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ROKU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ROKU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ROKU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.63 | NEUTRAL | The RSI value for ROKU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.08 | POSITIVE | The MACD value suggests ROKU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.35 | OVERBOUGHT | The high Stochastics value suggests ROKU may be overbought. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for ROKU suggests some volalility. |
| Average Directional Index/ADX (14) | 25.25 | POSITIVE | The high ADX value value for ROKU suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 108.84 | 100.26 | 8.58 (7.88%) | 12.69% |
| An entry @108.84. This is a Buy Stop order right above the resistance zone. | An exit @100.26. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 8.58 points, which is 7.88%. | When investing 12.69% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
108.82
-2.05 (-1.85%)
ROKU INC / ROKU FAQ
What is the technical rating for ROKU stock?
ChartMill assigns a technical rating of 10 / 10 to ROKU.
What is the current trend direction of ROKU INC (ROKU) stock?
The current trend direction for ROKU INC (ROKU) is Bullish.
What is the RSI signal for ROKU INC (ROKU) stock?
ROKU INC (ROKU) has an RSI value of 60.6347. This indicates that the stock is currently neutral.
What is the short term momentum for ROKU INC (ROKU) stock?
The short term momentum for ROKU INC (ROKU) is positive.
What are the support and resistance levels for ROKU INC (ROKU) stock?
ROKU INC (ROKU) has a support level at 101.52 and a resistance level at 108.83. Check the full technical report for our detailed analysis of ROKU support and resistance levels.