ROKU INC (ROKU) Stock Technical Analysis
NASDAQ:ROKU • US77543R1023
We assign a technical rating of 0 out of 10 to ROKU. ROKU's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, ROKU is a bad performer in the overall market: 78% of all stocks are doing better.
- ROKU has an average volume of 3513720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- ROKU is part of the Entertainment industry. There are 80 other stocks in this industry, ROKU did better than 58% of them.
- 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.
- In the last month ROKU has a been trading in the 78.53 - 107.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
The technical rating of ROKU is bad and it also does not present a quality setup 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
53.86
When analyzing the support we can see 3 important areas.
- Support @85.85 from a horizontal line in the weekly time frame.
- Support @58.03 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 one important area.
- Resistance @93.29 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 | NEUTRAL | NEUTRAL | The long term trend for ROKU is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ROKU is down. |
| ChartMill Relative Strength | 22.81 | NEGATIVE | ROKU has a low relative strength, it was outperformed by 77.19% 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) | DOWN | NEGATIVE | The current price of ROKU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ROKU is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.72 | NEUTRAL | The RSI value for ROKU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.85 | NEGATIVE | The MACD value suggests ROKU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.18 | NEUTRAL | The Stochastics value for ROKU is a neutral value. |
| Average True Range in percent/ATR (20) | 5.55 | HIGH VOLATILITY | The high ATR as a percentage value for ROKU suggests high volalility. |
| Average Directional Index/ADX (14) | 40.21 | POSITIVE | The high ADX value value for ROKU suggests a strong trend. |
90.06
+7.13 (+8.6%)
ROKU INC / ROKU FAQ
What is the technical rating for ROKU stock?
ChartMill assigns a technical rating of 0 / 10 to ROKU.
Can you provide the trend direction for ROKU INC?
The current trend direction for ROKU INC (ROKU) is Bearish.
What is the RSI signal for ROKU INC (ROKU) stock?
ROKU INC (ROKU) has an RSI value of 40.7185. This indicates that the stock is currently neutral.
What is the MACD signal for ROKU stock?
The MACD indicator for ROKU INC (ROKU) has a value of -0.85055, indicating a bearish trend.
What is the short term momentum for ROKU stock?
The short term momentum for ROKU INC (ROKU) is negative.