ROKU INC (ROKU) Stock Technical Analysis
NASDAQ:ROKU - Nasdaq - US77543R1023 - Common Stock - Currency: USD
Overall ROKU gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month ROKU has a been trading in the 79.05 - 95.20 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that ROKU is one of the better performing stocks in the market, outperforming 90% of all stocks.
ROKU is one of the better performing stocks in the Entertainment industry, it outperforms 84% of 73 stocks in the same industry.
ROKU has an average volume of 3975590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
ROKU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ROKU is lagging the market.
ROKU has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
53.86
98.27
When analyzing the support we can see 4 important areas.
- A support zone ranging from 81.68 to 81.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 79.98 to 79.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @56.38 from a trend line in the weekly time frame.
- Support @54.40 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 92.50 to 94.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @97.30 from a trend line in the weekly 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 | DOWN | NEGATIVE | The short term trend for ROKU is down. |
| ChartMill Relative Strength | 90.64 | POSITIVE | ROKU has a high relative strength, it outperformed 90.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ROKU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ROKU is below 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) | 44.26 | NEUTRAL | The RSI value for ROKU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.32 | NEGATIVE | The MACD value suggests ROKU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.1 | NEUTRAL | The Stochastics value for ROKU is a neutral value. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for ROKU suggests some volalility. |
| Average Directional Index/ADX (14) | 29.28 | POSITIVE | The high ADX value value for ROKU suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 87.10 | 81.67 | 5.43 (6.23%) | 16.04% |
| An entry @87.10. This is a Buy Stop order right above the 10 day moving average. | An exit @81.67. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.43 points, which is 6.23%. | When investing 16.04% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ROKU. Please evaluate whether better entry and exit points can be found.
- 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.
83.21
+0.1 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg0.12%
1 Week4.04%
2 Weeks-7.67%
1 Month-6.5%
3 Month36.57%
6 Month-2.11%
12 Month51.02%
2 Year2.48%
3 Year22.37%
5 Year-52.03%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.16
ATR(20)%4.42%
ATR Inc-26.2%
Range Today1.95
ADR(20)3.08
ADR(20)%3.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.64
Mansfield0.13
10 Day High95.2
10 Day Low79.05
20 Day High95.2
20 Day Low79.05
52 Week High104.96
52 Week Low52.43
CS1 End81.76
CR1 Start92.5
Volume & EV
DER(3)0.93%
DER(5)0.28%
Volume3.94M
Volume Incr38.18%
Vol(5)5.14M
Vol(50)3.98M