Resistance

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>ROKU stock price attempted to break out of the $90.00 hurdle.</a> </li> 
 <li> <span>2</span> <a>The EMAs in Roku Inc. stock displayed a golden crossover.</a> </li> 
 <li> <span>3</span> <a>Roku stock price sustained above the 50-day and 200-day EMA showcasing an uptrend.</a> </li> 
</ul> 
<p>ROKU stock price fell 15.65% in the previous month and retested the $70.00 break-out level. However, it took support near to the 50-day EMA, and prices are again reversing upward.&nbsp;</p> 
<p>On a daily time frame, Roku Inc. stock is in an uptrend and rising upward by forming higher high swings. The 50-day EMA positively intersected with the 200-day EMA which displayed a golden crossover. It grabbed the attention of investors and boosted the further momentum.&nbsp;</p> 
<p>Recently, Roku stock price showed a massive gap and tried to break the $90.00 hurdle. But, the attempt was not successful and prices closed by forming a bearish candle.&nbsp;</p> 
<p>At the beginning of August, Roku stock hit a 52-week high at $98.44 and created a positive hope. However, buyers failed to give the follow-up momentum and witnessed minor profit booking.&nbsp;</p> 
<p>The short-term correction begins and prices retrace down to the 50-day EMA. Luckily, the buyers are active near $75.00 and came forward to push the prices higher.&nbsp;</p> 
<p>ROKU share price closed the previous session at $86.19 with an intraday rise of 2.94%. The market capitalization stands at $12.20 Billion.</p> 
<h2 class="wp-block-heading" id="strong-will-roku-stock-price-reach-100-in-sep-2023-strong"><strong>Will ROKU Stock Price Reach $100 in Sep 2023?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/nuLgoJtV-zT-bB1a77p5c8cC5e2GyWSIpxugJAab_cx-PRDvORSwqHHz_jpzXTmoTjhW9uFQFTrC_4CeYaVD5M8q5v_-_sD9wjaAApYr8LsIpXafu6GaXs-xMGGShwWrdrxV7jwsTLEx2LqoYBKAyQ" alt="ROKU Stock: Is ROKU Stock Getting Ready for 52-Week High?"> 
  <figcaption class="wp-element-caption">
    NASDAQ: ROKU daily chart by <a href="https://www.tradingview.com/x/Ic9fZeKV/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>ROKU stock price reversed upward and buyers seem to be returning back to the track. It consolidated near $80.00 and formed a short-term base. Therefore, any short-term downfall is likely to get easily absorbed by the buyers.&nbsp;</p> 
<p>Till <a href="https://www.thecoinrepublic.com/2023/08/26/roku-inc-will-the-downfall-in-roku-stock-take-halt-near-70/" target="_blank" rel="noopener noreferrer nofollow">Roku Inc. </a>share price sustains above $75.00 the bulls will remain active. However, the probability of reaching $100 will increase when buyers are able to sustain the price above $90.&nbsp;</p> 
<p>The technical analysis suggests ROKU share<a href="https://www.thecoinrepublic.com/2023/08/26/roku-inc-will-the-downfall-in-roku-stock-take-halt-near-70/" target="_blank" rel="noopener noreferrer nofollow"> prices</a> are in a bullish grip and more upward momentum is possible.</p> 
<h3 class="wp-block-heading" id="strong-roku-inc-stock-is-bullish-on-weekly-time-frame-strong"><strong>Roku Inc. Stock is Bullish on Weekly Time Frame</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp; 
 <div id="tradingview_534cc"></div> &nbsp;&nbsp; 
 <div class="tradingview-widget-copyright"> <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a> 
 </div> &nbsp;&nbsp; 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp; 
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NASDAQ:ROKU",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_534cc"

}

  );

  </script> 
</div>  
<p>Roku Inc. stock is bullish on daily and weekly time frames. If the buyers succeed in breaking the $90.00 then the next phase of the rally may trigger. Meanwhile, if the broader market indices also recover then Roku may be positively impacted.&nbsp;</p> 
<p>The MACD curve is reversing upward and displays a positive crossover. The histogram bar is also on the rise indicating bullishness. The RSI at 61 slopes upward also favors the bulls indicating strength and more room for upside is open.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>ROKU stock price fell 15.65% in the previous month and eroded the gains generated after quarter earnings. However, the downfall has taken a halt near $75.00 and prices are again reversing upward.&nbsp;</p> 
<p>The analysis suggests that the Roku Inc. share is in bulls’ grip and might test the 52-week high in September.</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $90.00and $98.00</li> 
 <li>Support levels: $75.00 and $59.83</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

ROKU Stock: Is ROKU Stock Getting Ready for 52-Week High?

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