RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ROKU
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Roku stock price ended at $65.17 on Thursday, after losing 0.625%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 25, 2024 Gain 0.82% PDF

The Roku stock price fell by -0.625% on the last day (Thursday, 28th Mar 2024) from $65.58 to $65.17. During the last trading day the stock fluctuated 2.83% from a day low at $64.82 to a day high of $66.65. The price has been going up and down for this period, and there has been a 0.79% gain for the last 2 weeks. Volume has increased on the last day by 615 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $210.01 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -31.27% during the next 3 months and, with a 90% probability hold a price between $36.55 and $54.70 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ROKU Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 3.99%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Roku stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $69.49. On a fall, the stock will find some support from the short-term average at $64.63. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Roku stock

Roku finds support from accumulated volume at $63.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.84 between high and low, or 2.83%. For the last week the stock has had daily average volatility of 2.56%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ROKU) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Roku Inc to open at $65.55, and during the day (based on 14 day Average True Range), to move between $62.65 and $67.69, which gives a possible trading interval of +/-$2.52 (+/-3.86%) up or down from last closing price. If Roku Inc takes out the full calculated possible swing range there will be an estimated 7.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $65.58 (0.63%) than the support at $63.90 (1.95%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Roku Inc stock A Buy?

Roku holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.468 Sell Candidate Unchanged

Predicted Opening Price for Roku Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$65.55 ( 0.575%) $65.17

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ROKU

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 67.38 3.39 %
R2 66.68 2.32 %
R1 66.25 1.65 %
Current price: 65.17
Support S1 64.84 -0.500 %
S2 64.41 -1.16 %
S3 63.71 -2.24 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 72.00 10.48 %
R2 67.25 3.19 %
R1 65.58 0.629 %
Current price 65.17
Support S1 63.90 -1.95%
S2 63.83 -2.06%
S3 63.29 -2.88%

FAQ

What is the symbol for Roku Stock and on which exchange is it traded?
The symbol for Roku is ROKU and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Roku Stock?
Roku holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Roku Stock?
Roku Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Roku Stock.

What's the current price of Roku Stock?
As of the end of day on the 2024-03-28, the price of an Roku (ROKU) share was $65.17.

What is the 52-week high and low for Roku Stock?
The 52-week high for Roku Stock is $108.84 and the 52-week low is $51.64.

What is the market capitalization of Roku Stock?
As of the 2024-03-28, the market capitalization of Roku is 9.355B.

When is the next earnings date for Roku?
The upcoming earnings date for Roku is Apr 24, 2024.
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About Roku Inc

Roku Roku, Inc., together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live TV, news sports, shows, and others. As of December 31, 2021, the company had 60.1 million active accounts. It also provides digital and video advertising, content distribution, subscription, and billing services, as ... ROKU Profile

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