Bullish vs. Bearish (6 opinions)
Social Sentiment 0.14
ROKU Forecast and Technical Stock Analysis
Hold candidate since 2019-10-16 PDF
Roku Inc fell by -0.24% in the last day ( Wednesday, 16th Oct 2019 ) from $132.82 to $132.50 During the day the stock fluctuated 5.06% from a day low at $127.81 to a day high of $134.28. The price has been going up and down for this period, and there has been a 29.12% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -4.27 million shares and in total 22.10 million shares bought and sold for approximately $2 928.74 million.
- 30 day high of the ROKU stock price was $152.85 and low was $98.08.
- 90 day high was $176.55 and low was $96.00.
- 52 week high for Roku Inc - $176.55 and low - $26.30.
Roku Inc lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.31% during the next 3 months and, with 90% probability hold a price between $106.91 and $182.92 at the end of this period.
Roku Inc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $121.14 and $129.39. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday October 15, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 75 ]
The stock holds a RSI14 at 79 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Roku Inc finds support from accumulated volume at $129.88.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $6.47 between high and low, or 5.06%. For the last week, the stock has had a daily average volatility of 5.30%.
Our recommended stop-loss: $126.37 (-4.63%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from pivot top found 1 day(s) ago.)
5.30 %Average volatility
Very Low Low Medium High Very High
Roku Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
|ROKU $132.50 ($-0.32 -0.24%)|
ROKU is down $0.32 today, but where's it headed in 2019?
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