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published in Blogs
May 01, 2023

Last week, an AI robot contributed to ROKU's 5.80% profit.

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.

Related Ticker: ROKU

ROKU in -11.26% downward trend, declining for three consecutive days on February 21, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where ROKU declined for three days, in of 296 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on February 16, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ROKU as a result. In of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for ROKU turned negative on February 16, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .

ROKU moved below its 50-day moving average on February 16, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for ROKU crossed bearishly below the 50-day moving average on February 16, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ROKU advanced for three days, in of 311 cases, the price rose further within the following month. The odds of a continued upward trend are .

ROKU may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 216 cases where ROKU Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.942) is normal, around the industry mean (5.309). P/E Ratio (66.667) is within average values for comparable stocks, (87.451). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.318). Dividend Yield (0.000) settles around the average of (0.121) among similar stocks. P/S Ratio (2.595) is also within normal values, averaging (4.417).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. ROKU’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ROKU’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are Netflix (NASDAQ:NFLX), Walt Disney Company (The) (NYSE:DIS), Roku (NASDAQ:ROKU), Paramount Global (NASDAQ:PARA), iQIYI (NASDAQ:IQ), AMC Entertainment Holdings (NYSE:AMC), HUYA (NYSE:HUYA).

Industry description

Movies/entertainment industry include companies that produce and distribute motion pictures, and companies that operate general entertainment facilities like amusement parks and bowling centers. Some companies in this industry also have professional sports franchises. Live Nation Entertainment, Inc., Liberty Media Corp. and Viacom Inc. are some of the biggest companies in this space.

Market Cap

The average market capitalization across the Movies/Entertainment Industry is 8.41B. The market cap for tickers in the group ranges from 134 to 248.12B. NFLX holds the highest valuation in this group at 248.12B. The lowest valued company is LRDG at 134.

High and low price notable news

The average weekly price growth across all stocks in the Movies/Entertainment Industry was 3%. For the same Industry, the average monthly price growth was 14%, and the average quarterly price growth was 10%. CPOP experienced the highest price growth at 382%, while CNVS experienced the biggest fall at -41%.

Volume

The average weekly volume growth across all stocks in the Movies/Entertainment Industry was -23%. For the same stocks of the Industry, the average monthly volume growth was 12% and the average quarterly volume growth was 22%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 60
Price Growth Rating: 50
SMR Rating: 84
Profit Risk Rating: 87
Seasonality Score: -34 (-100 ... +100)
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ROKUDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a developer of applications for digital media

Industry MoviesEntertainment

Profile
Fundamentals
Details
Industry
Electronics Or Appliances
Address
1155 Coleman Avenue
Phone
+1 408 556-9040
Employees
3600
Web
https://www.roku.com
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ROKU and

Correlation & Price change

A.I.dvisor indicates that over the last year, ROKU has been loosely correlated with WBD. These tickers have moved in lockstep 43% of the time. This A.I.-generated data suggests there is some statistical probability that if ROKU jumps, then WBD could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ROKU
1D Price
Change %
ROKU100%
-5.00%
WBD - ROKU
43%
Loosely correlated
-3.24%
BATRA - ROKU
39%
Loosely correlated
-0.72%
BOWL - ROKU
38%
Loosely correlated
-0.08%
PARAP - ROKU
37%
Loosely correlated
-1.04%
BATRK - ROKU
37%
Loosely correlated
-0.75%
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