Roku: sellers return, the trend still holds
Roku stock closes flat (-0.1%) as sellers retake control of trading
Our view last week
Roku shares push higher again: the week closes up 3%, with 98% of volume on the buy side, the highest reading of the past month. On the daily chart the price extends its sequence of higher lows toward the 150 area, while the weekly ADX climbs to 35.6 and the trend keeps gaining conviction. The stock is now boxed into a tight corridor between the recent-session high above and the first support below.
This week's summary
After 3 weeks of near-unanimous buying - up to 98% of volume - Roku stock stalls this week: the price closes flat and sellers take back control, with 68% of trading. The ADX keeps climbing though, the trend isn't losing conviction, but our weekly technical analysis flags a distribution phase right under the highs. The trade has been open for 19 weeks and sits at +53.7% since entry.
IQS Phase
56
ordinary
Signal Strength
74
high · wide move
Sizing
FULL
Ranking
#13 / 167
US stocks in progress
Trade P&L %
+53.69%
from signal to date, no stop loss
Rank position
ranks 13th among the 167 Longs already running for US stocks in our ranking, with a signal strength of 74 out of 100.
Sector context
SectorCommunication Services
Benchmark ETFXLC
Sector regimein strong phase
Performanceweekly -1.37% · monthly +2.01%
ROKU belongs to the communication services sector (reference ETF XLC). The sector is classified in strong phase according to our weekly reading.
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