Roku Stock Analysis – 2020 Price Forecast

ROKU Stock Analysis – Is ROKU a good Buy?  Roku Inc operates TV streaming platform in the United States. Its TV streaming platform allows users to discover and access a variety of movies and TV episodes, as well as live sports, music, news, and others.

Its stock category competitors are mainly Disney, Netflix. Roku stock shares pay no dividends. In this video, I conduct technical analysis to help with the Roku stock price prediction.

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ROKY Stock Analysis 2020 – Fundamentals

The operating segments of ROKU Inc are Player and Platform. It derives key revenue from the Player segment which consists of net sales of streaming media players and accessories through retailers and distributors, as well as directly to customers through the company’s website. Platform segment consists of fees received from advertisers and content publishers, and from licensing the company’s technology and proprietary operating system with TV brands and service operators.

While one would think that the Roku stock price would go up during the COVID-19 pandemic lockdown as people stay home and potentially watch TV, this wasn’t the case in March 2020.

ROKU Stock Analysis  – Technicals

The Roku stock price followed exactly the same pattern as the Down Jones Industrial Average. It currently appears to have bottomed out, just like the rest of the market. However, from here, the Roku stock price could take a different direction than the DJI as more people stay home and stream online.

The key resistance level is at 50% Fibonacci retracement, 99.70. However, before further gains, we could see another visit of 82 and potentially even 57. I would take a profit at 139.

ROKU is NOT on my top stocks for 2020.

👉 If you’d like to know my full list of stocks to buy please attend this free masterclass: http://learn.investdiva.com/yes

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