More downside to roku ?Roku chart looks awful, I do see a gap fill at 320 area with work from home coming to and end and folks heading back to work let see how Roku stock price will be for the next couple of months. Right now it's hard to decide if the market makers are finished with selling their position on this one.
For now i'm bearish on this stock, anyways you gotta be quick with these type of stonks.
I am not a financial advisor. Do not take as financial advice, ever.
Do your own research.
Consult a professional investment advisor before making any investment decisions! My ideas are for entertainment only!
ROKU trade ideas
1 Week Prediction Based on my technical analysis, I see ROKU hitting a minimum of $340 a share by the 11th. This price target could be reached much sooner.
MACD shows growing bullish divergence while D+ also supports the increase based on low RSI & Green shadow indicating bull strength.
Low RSI on the 1 hour chart shows that the stock is extremely under bought which signals investors to buy in.
The red Kurotoga cloud above the candles represents resistance, Rokus highest level of resistance is exactly $340 and I believe it will break out based on the factors stated above.
On top of that, the Guth 3x confirm signal at the top shows a solid green bar which represents a buy based on their algorithm.
As an experienced technical analyst I have noticed the Guth 3x confirm to be increasingly accurate on higher time frames such as the 1 hour.
Comment your thoughts on ROKU and follow to see this prediction be 100% accurate ( or inaccurate )
ROKU classic double bottom. I'm doubling down!Why It Happened
Roku’s first quarter earnings report was an absolute killer.
Usage was strong. Roku added 2.4 million accounts in the quarter, grew the number of accounts on the platform by 35% year-over-year, and got those folks to collectively watch 18.3 billion hours of content through Roku in the quarter (up 49% year-over-year).
Roku monetized that increased usage better than it ever has, thanks to rebounding ad spend, new ad targeting products, and big growth from The Roku Channel.
ARPU rose 32% year-over-year. Revenues surged 79%.
All of this growth happened at the same time that the company’s profitability profile improved.
Platform gross margins expanded 1,070 basis points. Player gross margins expanded 190 basis points. Total gross margins rose 1,290 basis points.
Meanwhile, big revenue growth is driving positive operating leverage. While revenues rose 79% in the quarter, opex dollars rose just 28%, leading to 1,750 basis points of positive opex leverage.
Adjusted EBITDA margins clocked in at a record-high 21.9%.
All of these favorable trends are expected to persist next quarter.
No wonder ROKU stock is surging.
Does It Matter
This blockbuster earnings report absolutely matters to ROKU stock.
Shares have been stuck in a downtrend for a few months, mostly driven by fear among investors that Roku would follow in Netflix‘s (NASDAQ:NFLX) footsteps and report a slowdown in user growth in early 2021 as consumers left their homes more.
But Roku reported no such slowdown. User growth remains as robust as ever. The only difference? Roku is monetizing those users better than ever through a series of new ad products and solutions.
Slowing growth concerns should be calmed over the next few weeks.
They will be replaced by optimism surrounding Roku’s continued usage dominance in the secular growth streaming TV market, as well as Roku’s ever-increasing ability to monetize its users.
ROKU stock has great potential from here.
ROKU to $370?!ROKU is absolutely killing it, I posted a chart yesterday saying how it could go as high as 370, target is the yellow horizontal line.
It looks very possible now with the breakout of a wedge on the daily chart.
200 EMA held as support for a bit and now it finally broke up and through the 50 EMA (green line) and out of the wedge, so I am VERY bullish on ROKU still.
$ROKU Shakeout Plus 3? ( Double Bottom)$ROKU Looks to have a "Shakeout Plus 3" or Double Bottom Set-up here. I've done the calculations for an entry according to shake-out plus 3 rules. However, I also like to see it clear a resistance area which I think makes for a better trade. This will be on my top watch list for next week. Ideas, not investing / trading advice.
A word of caution, this chart pattern could also be drawn as a Bear Flag pattern. One of the reasons I want to get over that resistance area.
ROKU Make it Or Break ItWhat appears to be higher lows and higher highs on Roku could be breaking out of this bearish downtrend from recent highs with the Tech sell off. Will We continue to follow this trend, we will reject here and end up at the 255-240 levels. But if ROKU can break out of this trend will will likely see 370 and 390 again soon. ROKU did have their "ROKU Originals" debuting new shows and movies May 20 and plans to add more in 2021.
NOT FINANCIAL ADVICE, JUST TECHNICAL ANALYSIS AND THEORY.
Leave your thoughts in the comments
ROKU still bearish to 240...Yes... I know... ROKU has been running this week but guess what, it is still in the massive downward channel!
ROKU bounced heavy off the long term trendline support and is now at a very interesting spot...which happens to be the downward trendline resistance!
This will be a great short opportunity into tomorrow if ROKU rejects resistance at ~338 (.5 fib)
My downside targets will be:
PT1: 304.34
PT2: 282.94
PT3: 241.03 (on break of long term trendline support)
In the unlikely event that I am wrong and ROKU continues its bullish run and breaks resistance...
Upside targets will be:
PT1: 352.58
PT2: 373.80
PT3: 400 (Psychological resistance)
Happy trading!