Roblox Stock Price Forecast. Should You Buy RBLX?
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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RBLX
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Roblox stock price ended at $36.66 on Monday, after losing 1.61%.
(Updated on Mar 25, 2024)

Sell candidate since Mar 12, 2024 Loss -10.17% PDF

The Roblox stock price fell by -1.61% on the last day (Monday, 25th Mar 2024) from $37.26 to $36.66. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.34% from a day low at $35.97 to a day high of $37.17. The price has fallen in 7 of the last 10 days and is down by -12.8% for this period. Volume has increased on the last day by 5 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 9 million shares were bought and sold for approximately $322.77 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $35.24 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.48% during the next 3 months and, with a 90% probability hold a price between $31.90 and $38.56 at the end of this 3-month period.

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RBLX Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 1.27%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Roblox stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $37.33 and $40.71. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Roblox stock

Roblox finds support from accumulated volume at $36.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.20 between high and low, or 3.34%. For the last week, the stock has had daily average volatility of 2.90%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RBLX) For The Upcoming Trading Day Of Tuesday 26th

For the upcoming trading day on Tuesday, 26th we expect Roblox Corporation to open at $36.60, and during the day (based on 14 day Average True Range), to move between $35.08 and $38.24, which gives a possible trading interval of +/-$1.58 (+/-4.31%) up or down from last closing price. If Roblox Corporation takes out the full calculated possible swing range there will be an estimated 8.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $36.46 (0.55%) than the resistance at $39.35 (7.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Roblox Corporation stock A Buy?

Roblox holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.115 Sell Candidate Unchanged

Predicted Opening Price for Roblox Corporation of Tuesday, March 26, 2024

Fair opening price March 26, 2024 Current price
$36.60 ( 0.164%) $36.66

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for RBLX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 37.80 3.11 %
R2 37.34 1.86 %
R1 37.06 1.09 %
Current price: 36.66
Support S1 36.14 -1.41 %
S2 35.86 -2.19 %
S3 35.40 -3.44 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 44.87 22.39 %
R2 44.74 22.04 %
R1 39.35 7.34 %
Current price 36.66
Support S1 36.46 -0.546%
S2 36.20 -1.25%
S3 0 .

FAQ

What is the symbol for Roblox Stock and on which exchange is it traded?
The symbol for Roblox is RBLX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Roblox Stock?
Roblox holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Roblox Stock?
Roblox Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Roblox Stock.

What's the current price of Roblox Stock?
As of the end of day on the 2024-03-25, the price of an Roblox (RBLX) share was $36.66.

What is the 52-week high and low for Roblox Stock?
The 52-week high for Roblox Stock is $47.65 and the 52-week low is $24.88.

What is the market capitalization of Roblox Stock?
As of the 2024-03-25, the market capitalization of Roblox is 23.535B.

When is the next earnings date for Roblox?
The upcoming earnings date for Roblox is May 08, 2024.
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About Roblox Corporation

Roblox Roblox Corporation develops and operates an online entertainment platform. The company offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform... RBLX Profile

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