ROKU INC (ROKU) Stock Technical Analysis
USA - NASDAQ:ROKU - US77543R1023 - Common Stock
Overall ROKU gets a technical rating of 5 out of 10. ROKU has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
ROKU has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 103.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 96.07, a Stop Loss order could be placed below this zone.
More info and screens
53.86
5 important support areas can be observed.
- A support zone ranging from 93.82 to 96.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 92.02 to 92.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @89.94 from a trend line in the daily time frame.
- Support @57.05 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.
- A resistance zone ranging from 103.54 to 104.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for ROKU is neutral. |
| ChartMill Relative Strength | 78.56 | POSITIVE | ROKU has a high relative strength, it outperformed 78.56% 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) | 48.15 | NEUTRAL | The RSI value for ROKU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests ROKU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.73 | NEUTRAL | The Stochastics value for ROKU is a neutral value. |
| Average True Range in percent/ATR (20) | 4.21 | MEDIUM VOLATILITY | The ATR as a percentage value for ROKU suggests some volalility. |
| Average Directional Index/ADX (14) | 13.51 | NEGATIVE | The low ADX value for ROKU suggests a weak or negative trend. |
96.29
-1.99 (-2.02%)
ROKU INC / ROKU FAQ
What is the technical rating for ROKU stock?
ChartMill assigns a technical rating of 5 / 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 48.1474. 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 neutral.
What are the support and resistance levels for ROKU INC (ROKU) stock?
ROKU INC (ROKU) has a support level at 96.07 and a resistance level at 103.54. Check the full technical report for our detailed analysis of ROKU support and resistance levels.