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Roku, Inc.

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ROKU trade ideas

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.
NASDAQ:ROKU
by AwesomeAvani
1
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.
NASDAQ:ROKULong
by AwesomeAvani
1
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. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:ROKU
by RoboMarkets
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.
NASDAQ:ROKU
by tyler.chris
1
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
NASDAQ:ROKULong
by TradingBandito06
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.
NASDAQ:ROKULong
by Richtv_official
1
Roku, Inc. (NASDAQ: ROKU) Roku Shares Jumped 30% Roku Inc. (ROKU) shares spiked by more than 30% today after the streaming device and TV maker reported earnings results well ahead of analyst predictions for the third quarter alongside strong subscriber growth. For the third quarter, Roku achieved an all-time high of 75.8 million active accounts, a net increase of 16% compared with the prior-year quarter. This represents a net increase of 2.3 million accounts over the second quarter of this year. Analysts had expected active accounts to reach 75.3 million for the third quarter. Roku's revenue growth also outpaced analyst estimates. The company reported a 20% year-over-year increase, reaching $912 million for the quarter, against predictions of $855 million. Roku said the better-than-expected revenue improvement was driven by "strong performance in content distribution and video advertising." The company's Roku TV line, which launched in March, also contributed to revenue gains and helped to drive net active account additions. Roku's net losses widened significantly, to $330.1 million for the quarter compared to $122.2 million in the prior-year quarter. Losses per share nearly tripled to $2.33. Price Momentum ROKU is trading in the middle of its 52-week range and above its 200-day simple moving average. What does this mean? Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
NASDAQ:ROKULong
by DEXWireNews