The shares of Roku (ROKU) were downgraded Tuesday by TheStreet's quantitative service. Let's review the charts and indicators in light of this additional piece of investment information.
In this daily bar chart of ROKU, below, we can see prices have declined from $400 back in late July to approaching $60 in June. Prices have failed at the declining 50-day moving average line several times in the past year. Trading volume does not show us a pattern of increased activity suggesting that prices have not reached a zone that can attract investors with vision.
The On-Balance-Volume (OBV) line has been in a longer downtrend, but has turned sideways in recent months. The 12-day price momentum study shows higher lows from August as prices made lower lows. This is a large bullish divergence, but it has failed to generate an upside reversal.