ROKU trade ideas
ROKU falls after an earnings beat dissapointmentROKU on the 30 minute chart had a sell-off after earnings which were okay not great. Traders
reacted. The question is whether it was an overreaction. I think it was. I am looking for a slow
recovery over a week or more to at least the standard retracement level which I will call 98 as
drawn by the tool. further upside targets are 101 and 104 based on VWAP bandlines.
Buying on the discount is sometimes an excellent tool to reduce risk and use the reversion to
the mean to best advantage and seize an overreaction in the market.
Roku's Rocky Road Ahead: Navigating the Storm of Streaming GiantRoku Inc. ( NASDAQ:ROKU ) finds itself at a crossroads, facing formidable challenges from industry heavyweights that threaten to disrupt its once-dominant position. The recent tumble in Roku's ( NASDAQ:ROKU ) stock price, plummeting nearly 23.86% after a bleak outlook for the first quarter, underscores the daunting hurdles ahead for the streaming service provider.
Roku's ( NASDAQ:ROKU ) struggle to fend off competition from giants like Netflix and Amazon reflects the intensifying battle for advertising dollars in the streaming space. With streaming behemoths encroaching on Roku's ( NASDAQ:ROKU ) territory, the company is grappling with a shifting paradigm, as the transition from smart devices to smart televisions diminishes demand for its devices.
Analysts, like Michael Nathanson from Moffett Nathanson, aptly describe Roku ( NASDAQ:ROKU ) as being "at the precipice of being squeezed by the emergence of challengers on all flanks." This sentiment highlights the existential threat looming over Roku as it faces mounting pressure from multiple fronts.
The potential acquisition of rival Vizio by retail titan Walmart adds another layer of complexity to Roku's ( NASDAQ:ROKU ) predicament. Walmart's interest in Vizio signals the emergence of yet another well-scaled competitor in Roku's ( NASDAQ:ROKU ) crucial retail channel. Moreover, Walmart's unparalleled relationship with major brands and its vast reservoir of shopping data pose a significant challenge to Roku's market incumbency.
Roku's ( NASDAQ:ROKU ) forecast of a steeper-than-expected first-quarter loss further compounds its woes. The company's struggle to meet analysts' expectations reflects the harsh reality of a fiercely competitive landscape and the adverse effects of external factors, such as the Hollywood strike, which have disrupted spending on media and entertainment promotions.
Despite these challenges, Roku ( NASDAQ:ROKU ) remains resilient, leveraging its innovative capabilities to navigate turbulent waters. The exclusive deal with Walmart to sell products fulfilled by the retail giant on its devices underscores Roku's ( NASDAQ:ROKU ) strategic partnerships and its commitment to maintaining relevance in a rapidly evolving industry.
Looking ahead, Roku ( NASDAQ:ROKU ) must adopt a proactive approach to address its vulnerabilities and capitalize on emerging opportunities. The company's ability to innovate, adapt, and forge strategic alliances will be pivotal in its quest to regain momentum and secure its position in the fiercely contested streaming arena.
As Roku ( NASDAQ:ROKU ) charts its course forward, investors and industry observers remain cautiously optimistic, with the average rating of 33 brokerages covering the stock hovering at "hold," accompanied by a median price target of $85. However, the path ahead remains fraught with uncertainty, as Roku ( NASDAQ:ROKU ) navigates the storm of streaming giants in its pursuit of sustained growth and success.
ROKU: in mid-term support for bullish move into 2024-2025Price reacted to earnings right into the mid-term support zone: 83-71.
If suggested macro-structure holds true, this area may provide support/accumulation zone for building a bottom base for a larger move towards major resistance target (140-177-200+) later this year.
If price moves bellow 63 suggested price structure needs to be revised.
Thank you for your attention!
ROKU runs to Earnings ROKU on the 15- minute chart with an overlaid volume profile and anchored VWAP bands
demonstrates a high volume area breakout on Tuesday last week having passed through the
entire high volume area bottom to top the previous 24 hours. On those days it had a burst of
volume. The volume is constant and consistent. Earnings are in two days. More volume
spiking has been seen in the last trading session. I see this as an excellent long trade setup
as a swing trade for the rest of the week into next if the earnings are better than they were
last November
It's doing somethingInverted HS ready to break out the triangle. Be aware of earnings call on 02/15. I don't have any position here bc I'm already loaded with others trades but I might close out one of the losers to jump in on this one. Looks good.
ROKU is pulled back for re-entryROKU has been downtrending in a retracement of the uptrend from late May to mid June.
On the 2H chart, price has fallen from the top of the fair value zone the bottom of the fair value
zone. The zone is the area between the VWAP bands of the anchored VWAP. Institutional buyers
prefer to buy in either the under valued zone or the lower portions of the fair value zone and
then in turn sell high in that zone or above it in the over valued zone. The RSI indicator shows
RSI to have descended into the oversold zone where RSI is about 20. On the volume profile
price has descended into the high volume area where increased trading volume will support
price and likely push a reversal.
ROKU Reverse H & S setup LongROKU trended up paradoxically from less than a fairly weak earnings report about November 1
'23 and then reversed into a trend down into the support of the 0.382 and 0.5 Fib levels in a
retracement. Price is now forming a head and shoulders pattern having found that support.
It is above the POC line on the evolving POC and high volume area. Based on the latter,
I believe that it now has room for the upside to $104 for about 18% potential. With a stop at
$84 below the POC line, I see this as a safe play in the areas of technology and multi-media
at a lower price than NFLX and Disney.
ROKU - Bullish to $140ish.. Since the 100/200sma crossover in summer, ROKU has steadily increased. Elliott Wave shows it beginning wave 5 and resistance is $140ish, so I'm bullish to $130, where I will sell half of my position and trail half to the $140 target. Cheers!
ROKU broke main level at 96.50 high probability buy opportunityBull flag on 5m., 15m., 1H., 2H.,
earnings tomorrow
we broke the level which are trying to break last 2 months.
I buy some calls.,
next level to sell some stocks 100
Traditional cable TV is in the past. Idea for 08/02/2024Streaming TV software and hardware provider Roku Inc. could become one of the primary beneficiaries of the mass abandonment of cable television users. The company has several advantages over its competitors, offering video streaming services.
By the end of 2022, only 65.1 million US households continued to have traditional cable television , a decrease of 9.0% from 2021. The share of US households subscribing to cable TV also declined, dropping to 49.7%, down from 55.4% in 2021.
Given this shift, Roku's offering is particularly valuable to consumers due to its user-friendly, universal interface across multiple streaming services.
So, today, we suggest looking at the Roku Inc. (NASDAQ: ROKU) stock chart.
On the D1 timeframe, support has formed at 81.80, with resistance at 94.90. A subjective technical analysis figure, the "Inverted head and shoulders," has also developed and can serve as a signal for a reversal of the downward trend.
On the H1 timeframe, a breakthrough of the 94.90 level could set a short-term target for a price increase at 107.09, while in the medium term, it could hover around 118.20.
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ROKU ICT/STRAT playNASDAQ:ROKU : Looking for 1-3 reaction off daily order block, which respects current downward trendline, if it goes 1-3-2 that will also RE-trigger 2-2 1m. Set up presents itself whether you're using ICT or theStrat those are always the best plays high quality plays when used together
Longer-Term Path to Growth for ROKU StockWall Street has backed away from today's tag along bid in ROKU stock following a buoyant Netflix (NFLX) earnings related price spike in shares. But Roku's broadening pattern / uptrend on the weekly has signaled a candle low in shares with a neutralized and hairs breadth stochastics cross over also looking supportive. With earnings about three weeks out, and dominant industry position which makes ROKU worthy of a longer-term position, owning shares as part of a collar or one of its variations for both accumulation purposes and upside participation is a deserving position for bullish investors to consider imho.
Looking very bullish in the near future for ROKU!Thank you as always for watching my analysis on ROKU. Please feel free to like, share, and comment on this post. May God bless you!
ROKURoku, Inc. is an American public company founded in 2002. It produces streaming devices and smart TVs, licenses its technology to other companies, and operates an advertising business on its streaming network. Roku leads streaming TV distribution in the U.S., and reports 70 million viewers globally as of 2023.
Long ROKU at $83A few reasons to go long:
1. we just hit the 50% retrace at $82
2. we are completing a descending wedge (likely to break up)
3. there is a gap at $143 that aligns well with the 1.618 extension
Either way on Roku. Looking more bullish.Thank you as always for watching my analysis. May God bless you. I hope you learned something educational on this post!
Bearish flag?I'm shorting this, apparently is a bearish flag forming. You can buy puts too, give them some time like 2 weeks at least.
ROKU bullishgoing long in this area, weekly chart is retesting off of the 10sma
78min chart is right at the 200sma
Roku reversal Channel trade here..
Weekly candle rejected off channel last week with volume..
Closed below daily 21ema
Looking for a pullback to 81 gap close.
1st target 88$
2nd target 81 gap close
Entry - below 95
Stop loss - close above 21ema
ROKU - Minor Low BuyRoku has entered a solid G/G trend after earnings.
Prices consolidated between 11/3 and 11/13, before breaking out. Prices are not consolidating again into a shallow bull flag. I am looking for a breakout of Friday's bar for continuation
Title Minor Low Buy
Trade Theme Daily
Sector/Stock ROKU
Trend G/G
Propulsion Yes
Vscore Yes
Vprofile Yes
RAF Extreme
Darvas No
Darvas 3.0 Yes
Entry 104.15
Profit/Breakeven 106.4
Stop Loss 25% Option
Option Option Play
19Jan24 100/105 Calls
Roku (ROKU: NASDAQ)Roku (ROKU), a leading video streaming service available across various platforms, has shown strong resilience, exceeding expectations with a profitable EBITDA of $43.4 million in the third quarter. This early achievement of profitability, coupled with a rebound in the digital-advertising sector, positions Roku for growth. Benefiting from the recovery in the digital-ad market, Roku aligns with major platforms like Alphabet and Meta Platforms.
The company is well-positioned in the connected TV space, especially with major streaming platforms introducing ad-supported tiers. With a notable 20% revenue increase in the last quarter, Roku maintains a bullish outlook, set above $92.00-$93.00, with an upside target of $140.00-$145.00.
