ROKU INC. - 1H - Technical analysis published on 01/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 88.71 USD
My targets
81.02 USD (-6.09%)
76.27 USD (-11.59%)
My analysis
The bearish trend is currently very strong for ROKU INC.. As long as the price remains below the resistance at 88.71 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 81.02 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 76.27 USD as an objective. Crossing it would then enable sellers to target 73.26 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7
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Additional analysis
Quotes
The ROKU INC. rating is 86.27 USD. The price registered a decrease of -0.44% on the session and was between 85.25 USD and 87.35 USD. This implies that the price is at +1.20% from its lowest and at -1.24% from its highest.85.25
87.35
86.27
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ROKU INC.:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ROKU INC. chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 54.98 | 61.53 | 73.26 | 86.27 | 86.40 | 88.71 | 97.81 |
| Change (%) | -36.27% | -28.68% | -15.08% | - | +0.15% | +2.83% | +13.38% |
| Change | -31.29 | -24.74 | -13.01 | - | +0.13 | +2.44 | +11.54 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80.38 | 82.98 | 84.81 | 87.41 | 89.24 | 91.84 | 93.67 |
| Camarilla | 85.43 | 85.84 | 86.24 | 86.65 | 87.06 | 87.46 | 87.87 |
| Woodie | 80.01 | 82.79 | 84.44 | 87.22 | 88.87 | 91.65 | 93.30 |
| Fibonacci | 82.98 | 84.67 | 85.71 | 87.41 | 89.10 | 90.14 | 91.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 81.02 | 83.36 | 86.33 | 88.67 | 91.64 | 93.98 | 96.95 |
| Camarilla | 87.83 | 88.32 | 88.80 | 89.29 | 89.78 | 90.26 | 90.75 |
| Woodie | 81.33 | 83.52 | 86.64 | 88.83 | 91.95 | 94.14 | 97.26 |
| Fibonacci | 83.36 | 85.39 | 86.65 | 88.67 | 90.70 | 91.96 | 93.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.84 | 76.27 | 83.97 | 96.40 | 104.10 | 116.53 | 124.23 |
| Camarilla | 86.12 | 87.97 | 89.82 | 91.66 | 93.51 | 95.35 | 97.20 |
| Woodie | 61.47 | 75.09 | 81.60 | 95.22 | 101.73 | 115.35 | 121.86 |
| Fibonacci | 76.27 | 83.96 | 88.71 | 96.40 | 104.09 | 108.84 | 116.53 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.31 | |
| MACD (12,26,9): | -1.2100 | |
| Directional Movement: | -24.21 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 87.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 88.11 | |
| Elder Ray (13): | -1.39 | |
| Super Trend (3,10): | 90.19 | |
| Zig ZAG (10): | 86.64 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 21.96 | |
| TEMA (21): | 86.13 | |
| Williams %R (14): | -78.14 | |
| Chande Momentum Oscillator (20): | -3.53 | |
| Repulse (5,40,3): | 0.7400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 9.58 |
| MA7: | 89.37 | |
| MA20: | 91.76 | |
| MA50: | 92.80 | |
| MA100: | 82.22 | |
| MAexp7: | 87.02 | |
| MAexp20: | 88.49 | |
| MAexp50: | 89.77 | |
| MAexp100: | 91.30 | |
| Price / MA7: | -3.47% | |
| Price / MA20: | -5.98% | |
| Price / MA50: | -7.04% | |
| Price / MA100: | +4.93% | |
| Price / MAexp7: | -0.86% | |
| Price / MAexp20: | -2.51% | |
| Price / MAexp50: | -3.90% | |
| Price / MAexp100: | -5.51% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on ROKU INC.. At the time of publication of this analysis, the latest news was as follows:
- Roku Founder & CEO to Participate in Fireside Chat Hosted by Morgan Stanley
- Roku Chief Financial Officer to Present at BMO’s Digital Advertising Summit
- Roku Joins Sound Hub Denmark
- Roku Announces Industry-First Advertising Watermark to Protect from Ad Spoofing
- Multi-Award-Winning Australian Drama “The Newsreader” to Premiere in the United States Exclusively on The Roku Channel as a Roku Original on March 18
This member declared not having a position on this financial instrument or a related financial instrument.
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