Weaker Buy Today ROKU ranks #317 as BUY CANDIDATE #317 Stronger Buy

ROKU stock forecast Roku Inc

ROKU stock forecast

VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy
Bullish vs. Bearish (5 opinions)
100%
0%
Social Sentiment 0.00

ROKU Forecast and Technical Stock Analysis

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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.

Quick summary:

  • 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.
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Trend

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.

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Signals

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.

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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.

Support: $122.03 Price: $131.04 Resistance: $134.30

Risk

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

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

Several short-term signals, along with a general good trend, 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.

Weaker Buy Today ROKU ranks #317 as BUY CANDIDATE #317 Stronger Buy

Will ROKU stock price go up or down on Mon, 19 Aug 2019?

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