spot_img
spot_img
spot_img
ThecoinrepublicMarketRoku Stock Price Prediction 2023: Investors Favors...
google-news-img

Trending

Hamster

Hamster

notco

Notcoin

mogutou

Mogutou

Premium Partners

immerion
spot_img

Roku Stock Price Prediction 2023: Investors Favors Roku Shares to Witness a Rally in 2023 – Time to Rise and Shine!

spot_img
  • Roke stock price has got investors attention with its outstanding performance in a week with 19.60% growth.
  • ROKU Share price has recovered above 20 and 50-EMA while trying to gain towards 100 and 200-days Daily Moving Average.
  • Roku, Inc. is a publicly listed American corporation with headquarters in San Jose, California, that creates a range of digital media players for streaming videos.

Roku Stock price has been sleeping since July 2021 and finally ROKU’s falling momentum has been converted into strong bullish momentum in January 2023. Roku share price has gained 3.40% of its market capitalization by the closing of last week’s trading session. ROKU share price needs to maintain its current uptrend momentum on Monday’s trading session to surge over the daily time frame chart. Meanwhile, volume change signifies the uptrend momentum of Roku stock price.

Roku stock price was at $50.82 and has gained 3.40% of its market capitalization. Trading volume has surged over average showcasing the accumulation rate of buyers. This demonstrates that buyers are trying to provide the kickstart to the stock price to start its recovery phase.    

Roku Share Price
Source: TradingView

Roku stock price has been trying to overcome the selling pressure since 2021 and it seems like now is the time for ROKU share price to recover its dignity. ROKU share price has finally stopped its declining streak and gained support from $40 to recover itself over the daily time frame chart. Meanwhile, ROKU Share price has recovered above 20 and 50-EMA while trying to gain towards 100 and 200-days Daily Moving Average.

Some analysts speculate Roku stock price (NASDAQ: ROKU) to surge with the maximum recovery during 2023. Meanwhile, Roku share price has surged around 21.93% Year to Date. ROKU share price has now been preferred after hearing of ROKU’s recovery during 2023. 

Roku Stock Price to Rally in 2023 – Analysts

Roku Share Price
Source: TradingView

Technical indicators suggest that buyers are trying to provide the share price a required kickstart to the stocks. Meanwhile, the Relative Strength Index showcases the strong uptrend momentum of the Rokeu share price. RSI is at 61 and is aiming for overbought territory. MACD exhibits the upside momentum of ROKU shares. The MACD line ahead of the signal line after a positive crossover. Investors in Roku share need to wait until the share price surges above $60 with its recovery streak.

Summary         

Roku Stock price has been sleeping since July 2021 and finally ROKU’s falling momentum has been converted into strong bullish momentum in January 2023. Roku stock price (NASDAQ: ROKU) has been trying to overcome the selling pressure since 2021 and it seems like now is the time for ROKU share price to recover its dignity. Technical indicators suggest that buyers are trying to provide the share price a required kickstart to the stocks. Investors in Roku share need to wait until the share price surges above $60 with its recovery streak.

Technical Levels

Support Levels: $45.00 and $40.00

Resistance Levels: $55.00 and $60.00

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

Our Newsletter

Subscribe to our newsletter to get the latest news and promotions.

Andrew Smith
Andrew Smith
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
spot_img
spot_img

Related News

Stripe
Maxwell Mutuma

Stripe Expands Crypto Services to EU Market

Tether
Kelvin Munene
Craig Wright
Maxwell Mutuma

Craig Wright Faces Perjury Charges Over Bitcoin Claims

VanEck
Maxwell Mutuma
Circle
Maxwell Mutuma
Worldcoin
Kelvin Munene
spot_img