ROBLOX CORP -CLASS A (RBLX) Technical Analysis
NYSE:RBLX • US7710491033
Overall RBLX gets a technical rating of 0 out of 10. RBLX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, RBLX is a bad performer in the overall market: 78% of all stocks are doing better.
- RBLX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RBLX is lagging the market.
- In the last month RBLX has a been trading in the 59.70 - 76.58 range, which is quite wide. It is currently trading near the lows of this range.
- RBLX has an average volume of 12177000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- RBLX is an average performer in the Entertainment industry, it outperforms 44% of 80 stocks in the same industry.
RBLX has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
59.95
We found 2 important support areas.
- Support @61.99 from a horizontal line in the weekly time frame.
- Support @60.56 from a horizontal line in the daily time frame.
We can see 6 important resistance areas.
- Resistance @62.99 from a trend line in the weekly time frame.
- A resistance zone ranging from 66.01 to 66.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @68.66 from a horizontal line in the weekly time frame.
- Resistance @69.80 from a trend line in the daily time frame.
- A resistance zone ranging from 71.40 to 73.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @137.79 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for RBLX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RBLX is down. |
| ChartMill Relative Strength | 22.39 | NEGATIVE | RBLX has a low relative strength, it was outperformed by 77.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RBLX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RBLX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RBLX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.83 | NEUTRAL | The RSI value for RBLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests RBLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 37.08 | NEUTRAL | The Stochastics value for RBLX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.53 | HIGH VOLATILITY | The high ATR as a percentage value for RBLX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.72 | NEGATIVE | The low ADX value for RBLX suggests a weak or negative trend. |
RBLX Technicals: Chart, Performance Metrics, Trend & Indicators
62.65
-0.88 (-1.39%)
ROBLOX CORP -CLASS A / RBLX FAQ
Can you provide the ChartMill technical rating for ROBLOX CORP -CLASS A?
ChartMill assigns a technical rating of 0 / 10 to RBLX.
What is the trend direction for RBLX stock?
The current trend direction for ROBLOX CORP -CLASS A (RBLX) is Bearish.
What is the RSI signal for ROBLOX CORP -CLASS A (RBLX) stock?
ROBLOX CORP -CLASS A (RBLX) has an RSI value of 39.8292. This indicates that the stock is currently neutral.
What is the buy/sell signal for ROBLOX CORP -CLASS A (RBLX) stock?
The buy/sell signal for ROBLOX CORP -CLASS A (RBLX) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for ROBLOX CORP -CLASS A (RBLX) stock?
ROBLOX CORP -CLASS A (RBLX) has a support level at 61.99 and a resistance level at 62.99. Check the full technical report for our detailed analysis of RBLX support and resistance levels.