ROBLOX CORP -CLASS A (RBLX) Stock Technical Analysis
USA - NYSE:RBLX - US7710491033 - Common Stock
135.06 USD
+3.02 (+2.29%)
135.08 USD
+0.02 (+0.01%)
We assign a technical rating of 10 out of 10 to RBLX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RBLX is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, RBLX did better than 96% of all other stocks. We also observe that the gains produced by RBLX over the past year are nicely spread over this period.
RBLX is part of the Entertainment industry. There are 80 other stocks in this industry. RBLX outperforms 96% of them.
RBLX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RBLX is lagging the market slightly.
RBLX has an average volume of 8621650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month RBLX has a been trading in the 119.16 - 139.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, RBLX also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 137.79. Right above this resistance zone may be a good entry point.
More info and screens
113.70
139.18
We found 4 important support areas.
- A support zone ranging from 131.96 to 132.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @124.71 from a trend line in the daily time frame.
- A support zone ranging from 117.33 to 118.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @114.85 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 137.79 to 137.80. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for RBLX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RBLX is up. |
| ChartMill Relative Strength | 96.83 | POSITIVE | RBLX has a high relative strength, it outperformed 96.83% 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) | UP | POSITIVE | The current price of RBLX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RBLX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.77 | NEUTRAL | The RSI value for RBLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests RBLX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.52 | NEUTRAL | The Stochastics value for RBLX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.78 | MEDIUM VOLATILITY | The ATR as a percentage value for RBLX suggests some volalility. |
| Average Directional Index/ADX (14) | 18.06 | NEGATIVE | The low ADX value for RBLX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 137.81 | 131.95 | 5.86 (4.25%) | 23.52% |
| An entry @137.81. This is a Buy Stop order right above the resistance zone. | An exit @131.95. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.86 points, which is 4.25%. | When investing 23.52% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of RBLX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
135.06
+3.02 (+2.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryEntertainment
Performance
% Chg2.29%
1 Week-0.09%
2 Weeks1.31%
1 Month6.45%
3 Month27.91%
6 Month128.64%
12 Month205.7%
2 Year366.37%
3 Year276.84%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.54
ATR(20)%3.78%
ATR Inc0.69%
Range Today4.58
ADR(20)4.95
ADR(20)%3.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.83
Mansfield5.62
10 Day High139.97
10 Day Low128.75
20 Day High139.97
20 Day Low119.16
52 Week High150.59
52 Week Low37.5
CS1 End132.57
CR1 Start137.79
Volume & EV
DER(3)2.02%
DER(5)0.21%
Volume4.10M
Volume Incr-32.37%
Vol(5)5.32M
Vol(50)8.62M