US stocks · Fresh Sell signal, week 1
Roku slips 0.2% and flips to a Sell signal as its new 30-day low goes unconfirmed
Our view last week
For a second week running, sellers owned Roku's weekly bar, this time with 84% of the volume, and the MACD slid deeper below its Signal line. Roku stock eased 0.6% and closed a fourth straight losing week, while daily price action traced 4 lower highs, from the 159 area down to the 154 area. This technical analysis shows a rally catching its breath, and the long trade is still up 49% since entry.
This week's summary
This week Roku printed a new 30-day low, in the 150 area, and failed to confirm it on the close: the loss stops at 0.2%, on contracting volumes and an indecisive weekly candle. A week ago the technical analysis showed a rally catching its breath; now a fresh Sell signal has fired on Roku stock. Signal strength sits at 2 out of 100, a decline losing steam, and price action still holds well above the long-term averages: a trade setup to watch with care.
IQS Phase
54
ordinary
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#169 / 175
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 169th among the 175 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorCommunication Services
Benchmark ETFXLC
Sector regimein positive regime
Performanceweekly -2.34% · monthly -1.87%
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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