ROKU Forecast and Technical Stock Analysis
Buy candidate since 2019-11-20 PDF
Roku Inc gained 3.26% in the last trading day ( Wednesday, 20th Nov 2019 ), rising from $153.91 to $158.93 During the day the stock fluctuated 6.50% from a day low at $151.17 to a day high of $160.99. The price has risen in 8 of the last 10 days and is up by 12.68% over the past 2 weeks. Volume fell in the last day by -4.61 million shares and in total, 26.43 million shares bought and sold for approximately $4 200.18 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the ROKU stock price was $165.10 and low was $116.26.
- 90 day high was $176.55 and low was $98.08.
- 52 week high for Roku Inc - $176.55 and low - $26.30.
Roku Inc is at the upper part of a very wide and horizontal trend and normally this would pose a good selling opportunity but a break-up through the top trend line at $167.35 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend, you can expect Roku Inc with a 90% probability to be traded between $96.20 and $164.38 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Only positive signals in the chart today. Roku Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $150.95 and $133.69. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday November 19, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 75 ]
RSI14 is 57 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $144.14 and $129.94.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Roku Inc finds support just below today's level at $144.14. If this is broken, then the next support from accumulated volume will be at $129.94 and $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 $9.82 between high and low, or 6.50%. For the last week, the stock has had a daily average volatility of 6.60%.
Our recommended stop-loss: $150.89 (-5.06%) (This stock has high daily movements and this gives high risk. There is a buy signal from pivot bottom found 1 days ago.)
6.60 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
|ROKU $158.93 ($5.02 3.26%)|
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