ROKU INC. - Daily - Technical analysis published on 11/07/2019 (GMT)
- 325
- 0
- Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 128.89 USD
My targets
99.49 USD (-16.01%)
76.01 USD (-35.83%)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade ROKU INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 128.89 USD. The next bearish objective for sellers is set at 99.49 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 76.01 USD. In case of crossing, the next objective would be the support located at 56.55 USD. In the event of a bullish break in the resistance located at 128.89 USD a certain indecision would take hold.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ROKU INC. price is 118.46 USD. On the day, this instrument lost -16.02% and was between 116.26 USD and 128.38 USD. This implies that the price is at +1.89% from its lowest and at -7.73% from its highest.116.26
128.38
118.46
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ROKU INC.:
Technical
Technical analysis of ROKU INC. in Daily shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of triangle
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 56.55 | 76.01 | 99.49 | 118.46 | 128.89 | 149.65 | 169.86 |
| Change (%) | -52.26% | -35.83% | -16.01% | - | +8.80% | +26.33% | +43.39% |
| Change | -61.91 | -42.45 | -18.97 | - | +10.43 | +31.19 | +51.40 |
| Level | Intermediate | Major | Major | - | Intermediate | Intermediate | 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 | 130.12 | 133.46 | 137.26 | 140.60 | 144.40 | 147.74 | 151.54 |
| Camarilla | 139.09 | 139.74 | 140.40 | 141.05 | 141.71 | 142.36 | 143.01 |
| Woodie | 130.34 | 133.58 | 137.48 | 140.72 | 144.62 | 147.86 | 151.76 |
| Fibonacci | 133.46 | 136.19 | 137.88 | 140.60 | 143.33 | 145.02 | 147.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 123.03 | 129.71 | 138.11 | 144.79 | 153.19 | 159.87 | 168.27 |
| Camarilla | 142.35 | 143.74 | 145.12 | 146.50 | 147.88 | 149.27 | 150.65 |
| Woodie | 123.88 | 130.14 | 138.96 | 145.22 | 154.04 | 160.30 | 169.12 |
| Fibonacci | 129.71 | 135.47 | 139.03 | 144.79 | 150.55 | 154.11 | 159.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.79 | 81.39 | 114.29 | 132.89 | 165.79 | 184.39 | 217.29 |
| Camarilla | 133.04 | 137.76 | 142.48 | 147.20 | 151.92 | 156.64 | 161.36 |
| Woodie | 69.95 | 84.97 | 121.45 | 136.47 | 172.95 | 187.97 | 224.45 |
| Fibonacci | 81.39 | 101.06 | 113.21 | 132.89 | 152.56 | 164.71 | 184.39 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 39.14 | |
| MACD (12,26,9): | 3.3900 | |
| Directional Movement: | -9.67 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 138.87 | |
| Parabolic SAR (0,02-0,02-0,2): | 150.06 | |
| Elder Ray (13): | -13.78 | |
| Super Trend (3,10): | 150.60 | |
| Zig ZAG (10): | 118.46 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 40.85 | |
| TEMA (21): | 140.95 | |
| Williams %R (14): | -93.75 | |
| Chande Momentum Oscillator (20): | -10.60 | |
| Repulse (5,40,3): | -4.8200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.5400 | |
| Courbe Coppock: | 16.43 |
| MA7: | 140.39 | |
| MA20: | 135.38 | |
| MA50: | 131.69 | |
| MA100: | 121.87 | |
| MAexp7: | 135.87 | |
| MAexp20: | 134.26 | |
| MAexp50: | 129.13 | |
| MAexp100: | 119.73 | |
| Price / MA7: | -15.62% | |
| Price / MA20: | -12.50% | |
| Price / MA50: | -10.05% | |
| Price / MA100: | -2.80% | |
| Price / MAexp7: | -12.81% | |
| Price / MAexp20: | -11.77% | |
| Price / MAexp50: | -8.26% | |
| Price / MAexp100: | -1.06% |
News
The latest news and videos published on ROKU INC. at the time of the analysis were as follows:
- Roku to Acquire dataxu to Strengthen Industry-Leading OTT Advertising Platform
- Roku to Announce Third Quarter 2019 Financial Results on November 6
- The Apple TV App and Apple TV+ Coming to the Roku Platform
- The Apple TV App and Apple TV+ Coming to the Roku Platform
- Roku and Innovid Bring Sophisticated Measurement Tools to TV
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis ROKU INC. - Daily