ROKU INC (ROKU) Stock Technical Analysis
NASDAQ:ROKU - US77543R1023 - Common Stock
96.56 USD
-0.98 (-1%)
96.5 USD
-0.06 (-0.06%)
We assign a technical rating of 10 out of 10 to ROKU. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ROKU did better than 88% of all other stocks.
ROKU is part of the Entertainment industry. There are 79 other stocks in this industry. ROKU outperforms 76% of them.
ROKU is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ROKU is lagging the market slightly.
In the last month ROKU has a been trading in the 81.00 - 98.06 range, which is quite wide. It is currently trading near the high of this range.
ROKU has an average volume of 3628680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
53.86
100.06
5 important support areas can be observed.
- A support zone ranging from 88.47 to 89.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 85.79 to 86.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @83.36 from a trend line in the daily time frame.
- Support @56.56 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 @97.08 from a trend line in the weekly time frame.
- A resistance zone ranging from 99.07 to 99.07. 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 | UP | POSITIVE | The short term trend for ROKU is up. |
| ChartMill Relative Strength | 88.82 | POSITIVE | ROKU has a high relative strength, it outperformed 88.82% 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) | 62.39 | NEUTRAL | The RSI value for ROKU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.9 | POSITIVE | The MACD value suggests ROKU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.07 | OVERBOUGHT | The high Stochastics value suggests ROKU may be overbought. |
| Average True Range in percent/ATR (20) | 3.3 | MEDIUM VOLATILITY | The ATR as a percentage value for ROKU suggests some volalility. |
| Average Directional Index/ADX (14) | 23.78 | NEUTRAL | The ADX value for ROKU suggests a possible start of a new 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)
96.56
-0.98 (-1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg-1%
1 Week2.48%
2 Weeks6.94%
1 Month20.73%
3 Month33.26%
6 Month15.63%
12 Month42.48%
2 Year18.92%
3 Year42%
5 Year-44.34%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.95
ATR(20)%3.3%
ATR Inc-27.82%
Range Today2.41
ADR(20)3.06
ADR(20)%3.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.82
Mansfield1.46
10 Day High98.06
10 Day Low86.54
20 Day High98.06
20 Day Low81
52 Week High104.96
52 Week Low52.43
CS1 End89.36
CR1 Start97.08
Volume & EV
DER(3)1.22%
DER(5)1.05%
Volume2.68M
Volume Incr-44.92%
Vol(5)2.67M
Vol(50)3.63M