Score 9.4 (out of 10): ROKU poised to seasonally rally by +18.8% during the month of June

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What’s Going On Here?

ROKU indicates an interesting seasonal (monthly for June) set up. During similar occasions, ROKU shares had a median return of +18.8%, over the following 1 month – based on 5 historical occasions with 5 of those showing positive returns (100%). This buy signal for ROKU received a high score of 9.4 (out of 10). This insight was generated with last price of 56.05.

ROKU is in the Internet Content-Entmnt sector. 354.461547851562 Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: ROKU US.

Historical Chart:

0.2% (June-2022), 18.8% (June-2021), 21.1% (June-2020), 18.2% (June-2019), 23.7% (June-2018)

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 66.57 (+18.8%) has been reached. Based on ROKU’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 51.95 (last price at 56.05), which is equivalent to a -7.3% decline.

Historical Chart:

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