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Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>ROKU stock price crashed more than 9% in the last week.</a> </li> 
 <li> <span>2</span> <a>Roku Inc. stock price (NASDAQ: ROKU) could not sustain above the 200-day EMA.</a> </li> 
 <li> <span>3</span> <a>Analysts offering a 1-year price forecast have a maximum potential of 67.76% to the upside.&nbsp;</a> </li> 
</ul> 
<p>Roku stock price has been in a continuous decline since it suffered rejection from the $97 level, near a round level of $100. The stock price is showing bearishness over the charts. ROKU stock price has slipped below the 50-day and 200-day EMA thus adding a question mark about the continuation of the uptrend.&nbsp;</p> 
<p>Recently, MT Newswires, a financial website reported insider selling in Roku stock. The website reported the selling of 1,968 shares of ROKU worth $155,748.The daily chart elaborates that the stock has been witnessing an uptrend getting multiple supports from a positive trendline support. Recently, the stock suffered rejection from a round level of $100 thus, forming a double top pattern, and declined breaking the trendline support.&nbsp;</p> 
<p>Analysts offering a 1-year price forecast for Roku Inc. have a maximum estimate of $115 with an upside potential of more than 67.76% and a minimum estimate of $50. Roku Inc. engages in the provision of a streaming platform for television.&nbsp;</p> 
<div class="wp-block-image"> 
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  <img decoding="async" loading="lazy" width="1024" height="545" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-838-1024x545.png" alt="" class="wp-image-171365" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-838-1024x545.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-838-300x160.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-838-768x409.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-838-750x399.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-838-1140x607.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-838.png 1465w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    &nbsp;Source: barchart.com 
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 </figure> 
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<p><a href="https://www.thecoinrepublic.com/2023/09/10/zim-stock-price-analysis-is-comeback-possible-in-zim-stock/" rel="noopener noreferrer nofollow">ROKU stock</a> option-chain analysis states that the current implied volatility in the market is 58.72% with an increment of 3.12% in the last trading session. The at-the-money strike has an OI of 345 on the PUT side and 62 on the CALL side indicating the buyers dominating at the CMP.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-roku-stock-price-made-breakdown-of-trendline-support-strong"><strong>ROKU Stock Price Made Breakdown of Trendline Support</strong></h2> 
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 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="457" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-837-1024x457.png" alt="" class="wp-image-171364" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-837-1024x457.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-837-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-837-768x343.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-837-1536x685.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-837-750x335.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-837-1140x509.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-837.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Roku Inc.&nbsp; 1D. NASDAQ By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/09/16/roku-stock-forecast-can-choch-lead-to-nasdaq-roku-downfall/" rel="noopener noreferrer nofollow">ROKU stock</a> price currently trades at $68.55 and has shown weakness over the charts. The price has recent support at $62.13 the stock may test on Tuesday’s session if breaks below the Last day’s closing price.&nbsp;</p> 
<p>Bears are dominating in the short term and may try to drag the price to a lower level in the coming sessions.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-technical-indicators-show-weakness-over-the-chart-strong"><strong>Technical Indicators Show Weakness Over the Chart</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="457" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-836-1024x457.png" alt="" class="wp-image-171363" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-836-1024x457.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-836-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-836-768x343.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-836-1536x685.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-836-750x335.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-836-1140x509.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-836.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Roku Inc.&nbsp; 1D. NASDAQ By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The daily ROKU stock price chart shows that the price could not sustain above the 50-day and 200-day EMA indicating the short-term dominance of sellers in the stock price.&nbsp;</p> 
<p>The overall technical opinion rating including RSI and MACD signals a 24% “sell” with the weakest short-term outlook on maintaining the current direction.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/09/07/roku-stock-is-roku-stock-getting-ready-for-52-week-high/" target="_blank" rel="noopener noreferrer nofollow">Roku stock price</a> is declining and showing bearish signs on the charts. It fell below the 50-day and 200-day EMA and broke the trendline support. It also faced a double top pattern near $100 amidst an insider selling report.&nbsp;</p> 
<p>Analysts have a wide range of forecasts for the stock, from $50 to $115. The current price is $68.55 and the next support is at $62.13. The short-term trend is dominated by the bears.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $68.09 and $62.13</li> 
 <li><strong>Resistance levels:</strong> $73.81 and $86.50</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 and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Roku Stock Price: How is Insider Selling Impacting ROKU Price?

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