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Roku, Inc.

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ROKU trade ideas

Streaming to Success!Roku is building strong bullish momentum, with a gap forming around the $68.68 level. A breakout above the $80.72 resistance would signal continued strength, positioning the stock to target the $108.84 weekly resistance. This setup offers a compelling risk-to-reward ratio, with downside risk managed via a stop-loss at $65.55. As a leader in the streaming platform market, Roku stands to benefit from the ongoing shift to digital content consumption. Its strong position in advertising-supported streaming, growing user base, and partnerships with major content providers bolster its long-term growth potential. Additionally, the company’s continued efforts to expand its international presence and monetize its platform enhance its bullish outlook. This combination of technical momentum and strong industry fundamentals makes $109 a realistic near-term target for Roku. NASDAQ:ROKU
NASDAQ:ROKULong
by The_Trading_Mechanic
ROKU, the most awaited TURNAROUND has commenced! ↑↑↑ROKU has recorded an impressive volume surge of 52% from 7.7M to 11.7M conveying that buyers are back in the accumulation / positioning mode -- aided by the New Ad Partnership With Shopify. The stock has taken quite a beating on its value over the years after hitting a peak of 487 on 2021. That is about to change now as recent metrics / data is hinting of an upside reversal. On our tri-monthly chart, data is showing some shifting numbers already suggesting shorters are thinning out, and bulls are resurfacing. Histogram is showing some gradual bending lines suggesting an initial transition of trend. Bubble up volume has finally re-appeared after 2 years of waiting, last one was on July 2021. This is hinting of a turn around play for Roku. Pricewise, we got the first white light candle appearance on tri monthly chart in over 4 years! Last one was on April 2019 during its initial bullish era. The stock is currently sitting at 1.0 FIB level - a strong major order block support where the bulk of buyers converge. It also hovering a 4-year longstanding support at the present price range. We are now at the bounce base area. Expect some significant series of ascend from the current range. Spotted at 75.0 TAYOR Safeguard capital always. ------------------------------------------------- NOTABLE GOOD NEWS for the company: New Ad Partnership With Shopify. Roku Channel comes to Google TV and Android TV devices Roku Unveils Partnership With FreeWheel to Support Advertisers, Publishers -------------------------- Some additional data: Mar 2023 EPS beat by 22.02% Revenues in green at $740M --------------------------------------- source: investopedia / mark wilowski Roku Shares Surge After New Ad Partnership With Shopify The company is giving viewers the option to purchase Shopify merchants' products’ directly through their TV Roku products are displayed on a shelf at a Best Buy store on February 18, 2022 in San Rafael, California. Justin Sullivan / Staff / Getty Images Roku (ROKU) shares surged more than 11% on Tuesday after the streaming platform entered into a partnership with Shopify (SHOP) that gives viewers the option to seamlessly buy products directly from their TVs. KEY TAKEAWAYS Roku shares surged more than 11% on Tuesday after the TV streaming provider said it's giving viewers the option to buy products from Shopify merchants directly from their TVs. Viewers will be able to check out using Roku Pay, the company’s payments platform, and resume watching their program once the transaction is processed. It’s a new milestone in Roku’s ongoing partnership with Shopify, which started in 2021 after the company gave the latter's merchants access to its advertising platform. Customers will be able to make purchases through Roku Action Ads. Roku's advertisements on its streaming devices give users a set of interactive choices, including sending a text, scanning a QR code, or making a purchase. With this new development in their partnership with Shopify, viewers can simply click "OK" on their remote to learn more about the product and purchase it directly through their TV.1 Viewers will be able to check out using Roku Pay, the company’s payments platform, and resume watching their program once the transaction is processed, providing a smooth and seamless checkout experience. Men’s apparel brand True Classic, exercise equipment maker Ergatta, and wellness brand Olly are just a handful of Shopify merchants that have signed up as initial partners. "Roku democratizes access to TV advertising, and now, we’re collapsing the funnel for Shopify’s merchants," said Roku’s senior director of ad innovation, Peter Hamilton, highlighting that the company has a "unique position to make advertisers unmissable across the streamer’s journey."1 It’s a new milestone in Roku’s ongoing partnership with Shopify, which started in September 2021 after the company gave the latter's merchants access to its advertising platform.2 Roku shares were up by double digits on Tuesday and have risen 67% so far this year. Shopify shares gained 2% and are 78% higher year-to-date.
NASDAQ:ROKULong
by JSAL
3
$ROKU The Call of the CenturyDon't underestimate the sleeping Giant $Roku. There is a Roku device or TV in nearly every home in America, likely the world. They Offer free TV service, movies, shows with Ad's and their devices rarely fail. We are looking at NASDAQ:ROKU from a purely technical perspective. It has been beat down. The higher time frames have put in higher lows and is holding trend. Executives for the first time in NASDAQ:ROKU history are buying up the stock enemas. There is no where left to go but up.
NASDAQ:ROKULong
by Midgar-