ROBLOX CORP -CLASS A (RBLX) Stock Technical Analysis
NYSE:RBLX • US7710491033
We assign a technical rating of 1 out of 10 to RBLX. RBLX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 77% of all other stocks performed better in the past year than RBLX.
- RBLX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- RBLX has an average volume of 12192800 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 50% of 80 stocks in the same industry.
- In the last month RBLX has a been trading in the 59.70 - 76.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RBLX has a poor technical rating and the quality of the setup is also not perfect 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
59.96
We found 2 important support areas.
- Support @62.00 from a horizontal line in the weekly time frame.
- Support @60.57 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @68.66 from a horizontal line in the weekly time frame.
- Resistance @71.40 from a horizontal line in the daily time frame.
- A resistance zone ranging from 73.77 to 74.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for RBLX is neutral. |
| ChartMill Relative Strength | 23.91 | NEGATIVE | RBLX has a low relative strength, it was outperformed by 76.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RBLX is above the rising 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) | 47.11 | NEUTRAL | The RSI value for RBLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.11 | POSITIVE | The MACD value suggests RBLX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.08 | NEUTRAL | The Stochastics value for RBLX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.56 | HIGH VOLATILITY | The high ATR as a percentage value for RBLX suggests high volalility. |
| Average Directional Index/ADX (14) | 20.83 | NEUTRAL | The ADX value for RBLX suggests a possible start of a new trend. |
67.44
-1.22 (-1.78%)
ROBLOX CORP -CLASS A / RBLX FAQ
Can you provide the ChartMill technical rating for ROBLOX CORP -CLASS A?
ChartMill assigns a technical rating of 1 / 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 47.1137. This indicates that the stock is currently neutral.
What are the support and resistance levels for ROBLOX CORP -CLASS A (RBLX) stock?
ROBLOX CORP -CLASS A (RBLX) has a support level at 62 and a resistance level at 68.66. Check the full technical report for our detailed analysis of RBLX support and resistance levels.