There wasn't too much excitement in Roku today which only managed to move up 0.73% on the day. It looks like ROKU may be interacting with a downward sloping resistance line. This may be an opportunity to short sell. The Communication Services company has been chopping around the last few months without a clear directional momentum. So it might bounce off here, but hard to say.
If the price breaks through the resistance level it will probably move up to the $73.01 level where it may meet further resistance. If the price reverses and heads back down lower, it looks like the nearest support level is $52.19 it may head back up from there or break lower.
Analysts currently have an extremely positive outlook for Roku. This normally relates to positive future price increases, especially on pullbacks. The current Analysts Sentiment Score is 412.52. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. On 2023-03-14 there was an upgrade provided by Wolfe Research from Underperform to Peer Perform. On 2023-03-13 there was confirmation of the previous rating by Wedbush which was Outperform and provided a price target of $80.00. Needham & Company LLC announced that they are reiterating a rating of Buy on 2023-02-24 and they set their price target at $80.00. Morgan Stanley gave a boost to their price target and moved to $50.00 from $45.00 on 2023-02-17. Bank of America announced an upgrade on 2023-02-17 from Underperform to Buy and moved up their price target to $85.00 which is a 88.89% increase. Rosenblatt Securities gave a boost to their price target and moved to $76.00 from $44.00 on 2023-02-16. Stephens reiterated a rating of Overweight on 2023-02-16 and they set their price target at $70.00. Truist Financial decided to move up their price target on 2023-02-16 to $70.00 which is a 40% increase. Susquehanna boosted their price targ by 29.31% to $75.00 on 2023-02-16. Loop Capital decided to move up their price target on 2023-02-16 to $75.00 which is a 33.93% increase.
Company | Ratings Score
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Composite analyst sentiment score
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Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
---|---|---|---|---|---|
ROKU | 412.52 | 517.37 | -95.54 | 484.04 | -80.84 |
Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
---|---|---|
ROKU | -34.62 | -29.41 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
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Short Interest | Days to Cover | Rate of Change | Shares Short |
---|---|---|---|---|---|
ROKU | 5.78 | %10.2455 | 1.4 | -0.726 | 12060000 |
Segment | Count | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest | Analysts Ratings ? |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Communication Services | 52 | -0.32 | 2.20 | 1.64 | 0.08 | -0.04 | -17.07 | 59.54 | -23.18 | -11.42 | -17.72 | -13569.67 | -5048.79 | 5.29 | 4.81 | 4.34 | 0.79 |
Communication Services | 53 | -0.31 | 2.12 | 1.67 | 0.02 | -0.12 | -17.54 | 59.42 | -23.52 | -11.97 | -19.03 | -13723.54 | -5008.35 | 5.19 | 4.72 | 4.35 | 1.95 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
Ticker | Social Sentiment(1-10) |
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ROKU | 3.00 |
Company | Score | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest Score |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGNI | Magnite, Inc. Common Stoc | 1.31 | -0.86 | -0.49 | 11.32 | 57.44 | 20.01 | 17.56 | 72 | 26.62 | 32.61 | 24.10 | 170.70 | -12602.11 | 0 | 0 | 4.58207 |
TDOC | Teladoc Health, Inc. | 1.29 | -2.88 | 2.07 | -1.74 | -1.13 | -6.03 | -31.33 | 68 | -42.89 | -38.61 | -56.40 | -38228.21 | -2505.71 | 0 | 0 | 11.8487 |
PINS | Pinterest, Inc. Class A C | 1.27 | -1.68 | 2.00 | 11.45 | -4.35 | 5.56 | 15.15 | 59 | 3.82 | 2.45 | -12.79 | -4250.23 | -11352.91 | 0 | 0 | 4.38271 |
DKNG | DraftKings Inc. Class A C | 1.2 | 2.23 | 2.81 | 6.75 | 42.41 | 84.32 | 78.79 | 72 | 204.05 | 88.28 | 46.52 | 0.00 | -23173.53 | 0 | 0 | 4.39054 |
FSLY | Fastly, Inc. | 1.17 | 2.45 | 2.52 | 28.65 | 16.03 | 76.28 | 26.53 | 85 | 53.41 | 45.11 | 22.69 | -4556.87 | -16708.63 | 150 | 0 | 6.19893 |
SQ | Block, Inc. | 1.16 | -1.14 | 6.28 | 13.88 | -11.00 | 7.23 | -22.73 | 84 | -13.44 | -14.78 | -27.68 | -17829.66 | -5761.37 | 0 | 0 | 4.58836 |
RDFN | Redfin Corporation Common | 1.14 | 4.51 | 2.26 | -1.98 | 28.76 | 128.57 | -1.63 | 66 | 35.24 | 54.22 | 16.74 | -6508.67 | -11264.17 | 0 | 0 | 9.72835 |
FVRR | Fiverr International Ltd. | 1.11 | -3.25 | 1.88 | -1.67 | -18.77 | -10.34 | -33.84 | 65 | -32.58 | -20.70 | -41.34 | -31812.44 | -2155.37 | 0 | 0 | 6.38016 |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.