R1KU34 trade ideas
ROKU Stock 21/03/21 Analysis 4H ChartNASDAQ:ROKU
- Trend Analysis -
📑Value: 0/20
📈Growth: 20/20
💰Profitability: 10/20
🚀Momentum: 18/20
💸Earnings: 16/20
🖇️Total Score: 68/100
Data:
Volume 3.55M
Average Volume (3 months) 4.53M
Previous Close $341.95
Open $343.00
Shares Outstanding 111.08M
Technicals:
( Simple Moving Average )
10D SMA $354.28 (-1.91%)
50D SMA $406.65 (-14.54%)
200D SMA $252.30 (+37.74%)
Market Cap $43.91B
Total Debt $438.32M
Cash $1.09B
Enterprise Value $43.26B
Revenue $1.78B
Gross Profit $808.22M
Net Income -
EPS Diluted -$0.14
Free Cash Flow / Share $0.53
Bearish divergence. Be carefulGreetings All,
ROKU has experience tremendous price appreciation over the last couple of years. On the monthly charts, volume is decreasing while price is simultaneously moving higher. This is divergence - the bearish type. The shadows (candle wicks) of the previous two months indicate that bulls wanted to more upside, but the demand (i.e buyers) could not hold ROKU at that price point. The solid green trendline is a support, and ROKU may retrace to this trendline, which places the price point around $272, a 50% retracement from the ATH at $486.72. ROKU may even retrace to $221, which is near the bottom of the 2 year linear channel.
The bollinger bands illustrate that ROKU will eventually return to mean (blue line), which is slightly below the 61.8% retracement level.
The monthly swing chart indicate ROKU’s pivot is around the $250, slightly below the 50% retracement level. The decreasing volume is more pronounced in this chart.
In the weekly chart, there is a head & shoulders pattern (bearish) at R1, and resistance at R2 is pronounced. You can also see the volume at those price points are eclipsed at S1 and S2, which serve as retracement targets. Thus, the targets are $250, $221, and $150 if we see a 78% retracement.
On the daily chart, ROKU could return to the pivot at $419, or higher to close the gap at $437 and retest resistance at R1. Or, ROKU could complete the right shoulder of the H&S pattern, and fall to the $270 level, testing long-term trend support.
I’m bullish on the company overall, but we may experience technical corrections on price in the coming weeks and months. Thus, my outlook is bearish within the next quarter (3 months) as a general timeframe.
Happy Trading!
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, options and money market funds involve risk of loss. Loss of principal is possible. Please exercise your own due diligence.
Update on Roku - hope below 400 happens"Almost impossible to be bullish enough on Roku." - Darian Harris, my stock partner.
Buy dips
ROKU Long Call Double Bottom Confluence Roku Correction in line with double bottom long call options. trading idea invalid if break and close below $325
growth stock bubble #2( target $360, $320 )Please note: I'm just sharing my view. its not a recommendation for buying or selling.
$ROKU going longCHART
Long lower shadow
Volume +70% buyers stepping in
Falling wedge/ Horizontal support
at 50% Fib
Stoch oversold about to cross up
RS Rating 96
FUNDAMENTALS
EPS Rating 74
Group RS Rating 91
SMR Rating C
ACC/Dis Rating D+
Composite Rating 90
Timeliness rating B
Sponsorship Rating A
Funds increasing (2 High quality)
1st Positive Annual expected EPS
Last Qtr EPS +477% and Sales +58%
Debt 7%
Positive cash flow
NOTE
Moat = Streaming and connected devices
Recently ARKK added on to position
ROKU - Head & Shoulders (bearish)It is looking like we are into a wave of nasty correction in the market with a number of stocks now looking bearish in the short term. Tread carefully!
ROKU formed a Head & Shoulders and have broken below the neckline @ 379 today. Should there be a rally in the near term. we have to see if 379 has now become the resistence. Intermediate supports @ 340, 315 and finally 275 (Head and Shoulders target)
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
ROKU Stock 05/03/21 Analysis 4H Chart- Trend Analysis -
📑Value: 0/20
📈Growth: 20/20
💰Profitability: 10/20
🚀Momentum: 20/20
💸Earnings: 16/20
🖇️Total Score: 66/100
ROKUNothing imminent and just an idea I'd like to keep fresh else I forget.
I do have alerts set up above 422.22 as well as volume alerts just so that I can move on it quickly without entering adv orders.
Roku just penetrated the neck line!This is a classic example of a head and shoulder pattern, 14% decline in price could be the optimistic scenario for the next 2 wks!
I believe it could go down further in a longer time frame!
ROKU Topping?Looks like yet another stock with a head and shoulders top. It hasn't broken yet so there's still time for JP to save us, but definitely looks nasty.
Short roku3 reasons
-Stock offering
-over valued tech currently with switch to reopening plays/cyclicals/inflation coming soon
-huge bearing engulfing daily
-Ark sold out most positions
-volume breaking support
-PT are 382-372 and could go to 360
Roku review for February. Lets see what March will bring. Hello traders
A lot of my ideas of late have been Forex based so time to show how one stock I followed performed for me in February.
The stock in question is Roku and I'm working the one hour time frame here.
Only two trades last month a long and short. Both trades were a 1:4 risk to reward ratio.
Once the trade has played out I simply wait for the next signal alert and go again if any present this month.
The purpose of this idea is to show the adaptability of our strategy on different instruments.
As with all my ideas back tested data can be found at the foot of this header.
Back test data is based on 10 contracts per trade with a £1000 starting capital. The back test data is from Jan 2019 to now.
Quick overview of the strategy in use.
The strategy is a trend based strategy.
The inner workings of the strategy are 5 individual strategies rolled into one . Trades are only valid when all 5 confluences line up.
At this point the trade presents on the chart. Alerts can be set and the the strategy can also be automated.
No excess time spent at the charts
Adaptable strategy to suit your trading style.
Works on any instrument and time frame.
Want too know more?
Sure drop me a message and feel free to ask any questions.
ROKU - BUY ZONE HERE, MAKE PROFIT NOWROKU - this is a good stock to have, and it's in a great buy right now.
It is doing well, its actual stock value is around $ 478, but its current price is just $ 406.
The company has good plans, good leadership, and investment funds are pouring in. Great signal at support on the chart.
Potential Head and Shoulder ?Could this be setting itself up for head and shoulder on the daily ?
Pattern is playing out, and looks very clear on the daily. Hence I am sure alot of folks are watching this closely.
Now only time will tell if it plays out. Stay cautious.
Let me know what you think.
Bullish On $Roku Roku is at trendline suport from major pullback last week. There is a gap to fill to the upside to 425, strong close on Friday. If support breaks downside targets are 450-445
ROKU Can bounce here$ROKU - Currently holding at 55ema daily, also at pivot, seems to be forming H&S, if 395 holds then 424 & 450 are targets, downside 360, 336 & 317
$ROKU to the moon!!$ROKU just beat earnings again, this company is growing at a rapid pace. $ROKU has a hidden bullish divergence forming ins the daily from jan 4 - feb 23, another thing $ROKU has a gap fill at the 425.52 - 433.33 levels, The Stochastic on the 4hr looks ready to cross which personally ill be using as an entry indicator, amongst other signals ofc . Still waiting for price to find support on the daily, with the current selling pressure in the candle im not certain that $ROKU has found support, I much rather see a bounce of that 50 EMA or at that 395.22 price. On the DAILY the RSI & Stochastics are bearish however they are creeping into those oversold territories My profit target is 486, which is currently ATHs. but I believe $ROKU will soar past this. let me know what y'all think of this analysis please!!!!! be honest !!!
