The rally catches its breath ahead of earnings
Roku stock: up 2.1% this week, earnings due August 6
The rally catches its breath ahead of earnings
Our view last week
Roku shares close the week down 1.7%, with 84% of volume on the sell side: the rally takes a breather after last week's 2.7% bounce. The ADX still climbs for a third straight week, and on the daily chart the price keeps carving higher lows, from the 139 area toward the 141 area. The trade remains solidly in profit, above 38%, with quarterly earnings due this week to raise the stakes.
This week's summary
After last week's pause, Roku shares push higher again: the week closes up 2.1%, with 83% of volume on the buy side, and the ADX climbs for a fourth straight week. On the daily chart the price keeps carving higher lows, from the 139 area toward the 142 area. Now the real test arrives this week, with earnings due August 6: the trade remains solidly in profit, above 41%.
IQS Phase
57
ordinary
Signal Strength
79
high · wide move
Sizing
FULL
Ranking
#7 / 120
US stocks in progress
Trade P&L %
+41.51%
from signal to date, no stop loss
Rank position
ranks 7th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 79 out of 100.
Sector context
SectorCommunication Services
Benchmark ETFXLC
Sector regimein positive regime
Performanceweekly +1.83% · monthly -1.37%
ROKU belongs to the communication services sector (reference ETF XLC). The sector is classified in positive regime according to our weekly reading.
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