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Roku Stock Builds Rising RS Rating

On Thursday, Roku (ROKU) reached an important technical milestone, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an upgrade to 85, an increase from 80 the day before. Roku stock is not currently offering a proper buying opportunity; see if the stock goes on to form a base that could spark a new run.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s proprietary RS Rating tracks technical performance by showing how a stock’s price action over the last 52 weeks measures up against that of the other stocks in our database.

Over 100 years of market history reveals that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.


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Roku is a San Jose, Calif., based technology company that makes digital media players for video streaming.

Roku Stock Sees Growth

Top and bottom line growth moved higher last quarter for Roku stock. Earnings were up 248%, compared to 0% in the prior report. Revenue increased from 79% to 81%. Roku stock fell after the results were were released, but many analysts are bullish on the media streaming industry.

Roku stock holds the No. 2 rank among its peers in the Leisure-Movies & Related industry group. Meme stock favorite AMC (AMC) are also among the group’s highest-rated stocks.

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