AI trading robot from Day Trader, Popular Stocks ($1.4K per position): Long Bias Strategy (TA&FA), which was a top performer in the robot factory over a week, generating 5.80% for ROKU.
However, my analysis of ROKU's Momentum Indicator shows that it moved below the 0 level on April 17, 2023, indicating a potential shift to a new downward move. This is a significant development that traders should take into consideration.
Traders who hold ROKU shares may want to consider selling them or exploring put options. My analysis shows that Tickeron's A.I.dvisor has looked at 81 similar instances where the indicator turned negative, and in 70 of the 81 cases, the stock moved further down in the following days. This indicates that the odds of a decline are at 86%, which is a high probability of a downward move.
Turning to ROKU's earnings report on April 26, the company reported earnings per share of -137 cents, beating the estimate of -148 cents. This is a positive sign for the company, indicating that they are performing better than expected. However, with 8.35M shares outstanding, the current market capitalization sits at 7.88B, which may cause some concern among investors.
In summary, ROKU is currently facing a potential shift to a new downward move, and traders should take this into consideration. However, the company's recent earnings report beat estimates, which is a positive sign. As a technical analyst, I would recommend monitoring the Momentum Indicator and considering put options to manage the downside risk of holding ROKU shares.
ROKU may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 40 cases where ROKU's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a developer of applications for digital media
Industry MoviesEntertainment