ROBLOX CORP -CLASS A (RBLX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:RBLX • US7710491033
Overall RBLX gets a technical rating of 0 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, RBLX is a bad performer in the overall market: 87% of all stocks are doing better.
- 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.
- In the last month RBLX has a been trading in the 64.54 - 91.09 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- RBLX has an average volume of 9789860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- RBLX is part of the Entertainment industry. There are 80 other stocks in this industry, RBLX did better than 41% of them.
The technical rating of RBLX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
65.10
We can see 3 important resistance areas.
- Resistance @79.54 from a trend line in the daily time frame.
- Resistance @83.22 from a trend line 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 | DOWN | NEGATIVE | The short term trend for RBLX is down. |
| ChartMill Relative Strength | 13.4 | NEGATIVE | RBLX has a low relative strength, it was outperformed by 86.6% 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) | UP | MIXED | The current price of RBLX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 30.7 | NEUTRAL | The RSI value for RBLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests RBLX has a negative trend. |
| Stochastics (14,3) | 17.6 | OVERSOLD | The low Stochastics value suggests RBLX may be oversold. |
| Average True Range in percent/ATR (20) | 7.2 | HIGH VOLATILITY | The high ATR as a percentage value for RBLX suggests high volalility. |
| Average Directional Index/ADX (14) | 29.49 | POSITIVE | The high ADX value value for RBLX suggests a strong trend. |
65.76
-9.97 (-13.17%)
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 30.6977. 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 resistance level at 79.54. Check the full technical report for our detailed analysis of RBLX support and resistance levels.