Roku ends cautiously higher - Analysis - 21-06-2022

Economies.com
9 months ago

Roku's stock climbed after inking a partnership deal with Walmart to allow viewers to purchase products using their remote controls during TV programs, with the stock marking a profit of 4.89%, or 3.84 points, settling at 82.42, with trading volumes surpassing 10.7 million shares, barely above 10-day averages. 

 

The stock is trying to recoup some recent losses and vent off oversold saturation in the RSI after positive signals, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to return lower, targeting the support of 58.45, provided the resistance of 105.85 holds on.

 

Expected trend for today: Bearish 

Open Live Trading Account

Stocks Technical Analysis

United States Analysis

Stocks

Harley Davidson tries to recoup some losses - Analysis - 31-03-2023
19 hours ago
Harley Davidson's stock rose in the intraday levels, buoyed by positive signals from the RSI while ...
United States Analysis

Stocks

3M returns lower - Analysis - 31-03-2023
19 hours ago
3M's stock (MMM) returned lower in the intraday levels amid the complete dominance of the main ...
United States Analysis

Stocks

Kohl's ends cautiously higher - Analysis - 31-03-2023
19 hours ago
KOHL's Corporation's stock (KSS) rose in the intraday levels while trying to recoup some recent ...