Roku, Inc. Class A Common Stock | ROKU

Daily Technical Analysis of Roku, Inc. Class A Common Stock

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.

Analyst Ratings for Roku By Price Target And Rating

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 ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
ROKU	412.52	517.37	-95.54	484.04	-80.84

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2022-11-28)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
ROKU	-34.62	-29.41

Short interest for Roku

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) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
ROKU	5.78	%10.2455	1.4	-0.726	12060000

How Roku compares to the broader Communication Services sector and the more specific Communication Services industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Communication Services Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	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 Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	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 for Roku

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)
ROKU	3.00

Companies with the highest correlation to Roku

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	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	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	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	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	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	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	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	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	6.38016

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