Bullish vs. Bearish (5 opinions)
Social Sentiment 0.00
ROKU Forecast and Technical Stock Analysis
Buy candidate since 2019-08-14 Gain 0.36%
Roku Inc gained 1.27% in the last trading day ( Friday, 16th Aug 2019 ), rising from $129.40 to $131.04 During the day the stock fluctuated 3.81% from a day low at $127.06 to a day high of $131.90. The price has risen in 7 of the last 10 days and is up by 30.35% over the past 2 weeks. Volume fell in the last day by -2.66 million shares and in total, 6.34 million shares bought and sold for approximately $830.77 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 $142.10 and low was $96.00.
- 90 day high was $142.10 and low was $81.23.
- 52 week high for Roku Inc - $142.10 and low - $26.30.
Roku Inc lies in the upper part of a very wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $136.75 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 27.82% during the next 3 months and, with 90% probability hold a price between $130.71 and $174.79 at the end of this period.
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 $129.71 and $108.27. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday August 15, 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: [ 25 - 75 ]
RSI14 is 73 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 $122.03 and $111.94.
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 $122.03. If this is broken, then the next support from accumulated volume will be at $111.94 and $101.71.
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 $4.84 between high and low, or 3.81%. For the last week, the stock has had a daily average volatility of 4.83%.
Our recommended stop-loss: $123.37 (-5.85%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)
4.83 %Average volatility
Very Low Low Medium High Very High
|ROKU $131.04 ($1.64 1.27%)|
ROKU is up $1.64 today, but where's it headed in 2019?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!