Learn to Evaluate Roku Inc. Class A Common Stock ($ROKU) using the Charts

September 21, 2023, 00:30 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ROKU

• Buy ROKU slightly over 64.26 target 75.82 stop loss @ 64.07 Details

The technical summary data tells us to buy ROKU near 64.26 with an upside target of 75.82. This data also tells us to set a stop loss @ 64.07 to protect against excessive loss in case the stock begins to move against the trade. 64.26 is the first level of support below 71.49 , and by rule, any test of support is a buy signal. In this case, support 64.26 would be being tested, so a buy signal would exist.

• Short ROKU slightly under 75.82, target 64.26, stop loss @ 76.04 Details

The technical summary data is suggesting a short of ROKU as it gets near 75.82 with a downside target of 64.26. We should have a stop loss in place at 76.04though. 75.82 is the first level of resistance above 71.49, and by rule, any test of resistance is a short signal. In this case, if resistance 75.82 is being tested, so a short signal would exist.

Swing Trading Plans for ROKU

• Buy ROKU slightly over 75.82, target 76.97, Stop Loss @ 75.6 Details

If 75.82 begins to break higher, the technical summary data tells us to buy ROKU just slightly over 75.82, with an upside target of 76.97. The data also tells us to set a stop loss @ 75.6 in case the stock turns against the trade. 75.82 is the first level of resistance above 71.49, and by rule, any break above resistance is a buy signal. In this case, 75.82, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ROKU slightly near 75.82, target 70.75, Stop Loss @ 76.04. Details

The technical summary data is suggesting a short of ROKU if it tests 75.82 with a downside target of 70.75. We should have a stop loss in place at 76.04 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 75.82, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ROKU

• Buy ROKU slightly over 72.92, target 75.82, Stop Loss @ 72.75 Details

If 72.92 begins to break higher, the technical summary data tells us to buy ROKU just slightly over 72.92, with an upside target of 75.82. The data also tells us to set a stop loss @ 72.75 in case the stock turns against the trade. 72.92 is the first level of resistance above 71.49, and by rule, any break above resistance is a buy signal. In this case, 72.92, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ROKU slightly near 72.92, target 71.36, Stop Loss @ 73.09. Details

The technical summary data is suggesting a short of ROKU if it tests 72.92 with a downside target of 71.36. We should have a stop loss in place at 73.09 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 72.92, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Roku Inc. Class A Common Stock (ROKU) available here: ROKU.

ROKU Ratings for September 21:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	64.26
P2	71.36	70.75	75.82
P3	72.92	76.97	89.58

AI Generated Signals for ROKU

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Roku Inc. Class A Common Stock (NASDAQ: ROKU) report below can help you understand how to do this. The trading plans for ROKU, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.