ROKU INC (ROKU) Technical Analysis
NASDAQ:ROKU • US77543R1023
Current stock price
ROKU Technical Rating and Analysis
Overall ROKU gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ROKU is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that ROKU is one of the better performing stocks in the market, outperforming 87% of all stocks. On top of that, ROKU also shows a nice and consistent pattern of rising prices.
- ROKU is one of the better performing stocks in the Entertainment industry, it outperforms 91% of 79 stocks in the same industry.
- ROKU is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ROKU has a been trading in the 84.90 - 120.00 range, which is quite wide. It is currently trading near the high of this range.
- ROKU has an average volume of 3325370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ROKU Weekly and Daily overview Charts
ROKU Setup Rating and Analysis
Although ROKU has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
ROKU Support and Resistance Analysis
53.86
When analyzing the support we can see 6 important areas.
- Support @93.29 from a horizontal line in the daily time frame.
- A support zone ranging from 89.65 to 89.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @83.99 from a trend line in the daily time frame.
- Support @81.99 from a horizontal line in the daily time frame.
- Support @58.64 from a trend line in the weekly time frame.
- Support @54.40 from a horizontal line in the weekly time frame.
ROKU Technical Indicator Signal Analysis
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 | 87.88 | POSITIVE | ROKU has a high relative strength, it outperformed 87.88% 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) | 64.73 | NEUTRAL | The RSI value for ROKU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.53 | POSITIVE | The MACD value suggests ROKU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.38 | OVERBOUGHT | The high Stochastics value suggests ROKU may be overbought. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for ROKU suggests some volalility. |
| Average Directional Index/ADX (14) | 22.83 | NEUTRAL | The ADX value for ROKU suggests a possible start of a new trend. |
ROKU Chart- and CandleStick Pattern Analysis
ROKU Technicals: Chart, Performance Metrics, Trend & Indicators
114.96
-3.38 (-2.86%)
ROKU INC / ROKU TA FAQ
What is the technical rating for ROKU stock?
ChartMill assigns a technical rating of 10 / 10 to ROKU.
Can you provide the trend direction for ROKU INC?
The current trend direction for ROKU INC (ROKU) is Bullish.
Can you provide the RSI signal for ROKU INC?
ROKU INC (ROKU) has an RSI value of 64.7272. This indicates that the stock is currently neutral.
What is the buy/sell signal for ROKU stock?
The buy/sell signal for ROKU INC (ROKU) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for ROKU INC?
ROKU INC (ROKU) has a support level at 93.29. Check the full technical report for our detailed analysis of ROKU support and resistance levels.