ROKU Breaks Out at $112.08 as Moving Averages Align

Roku Inc (ROKU) closed up 1.27% at $112.08 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($109.43) with a bullish stack. The 21-day EMA at $106.36 provides support.
• Momentum: RSI at 66.3 is in neutral territory but trending higher. MACD is bullish (3.31 vs signal 2.70).
• Volatility: Bollinger Band width at 23.0% indicates normal volatility.

While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.

Key levels to watch: Support at $92.76, Resistance at $116.84.