top of page
Live Off Dividends

Roblox - where is the trend?

Updated: Jan 26

28th March 2022

The Daily Chart

Roblox RBLX daily chart
Roblox daily chart

In the RBLX daily chart, we can see the price broke upward of the short-term bearish trend line upward, which indicates the short-term bullish trend reversal.

Considering the channel strategy, we can see the reversal of the midterm bearish trend and price crossing the lower channel upward and retesting it confirmed the initiation of the new mid-term bullish trend.

Roblox Daily chart and trend
Roblox Daily chart and trend

In the Daily chart, we can identify these key areas. Also, an unfilled market gap, which is a bullish drive for the current initiated mid-term bullish trend.

Also the three White soldiers daily candle pattern indicates the continuation of the short term bullish trend and we expect the price to reach the 57.2 – 58.4 area in the short term bullish trend, which is associated with the lower resistance area of the market gap, where we will expect some significant resistance.

Price crossing upward the 57.2 – 58.4 resistance area will fill the market gap and drive the price towards the mid-term target of 64.5 – 66.5 area.

Moving average

Roblox RBLX stock chart moving average and support levels
Roblox stock chart moving average and support levels

30 MA daily line acted as the dynamic resistance for the previous bearish trend. Since the price is just taken the resistance at the 50.8 – 52.2 area which is associated with the 30 MA line, we will see some price pullback towards the 45.6 – 46.8 area before continuing the short-term bullish trend upward. We expect the price to hold that area and reverse the pullback, So it’s good to buy around the current market price.


In conclusion, RBLX initiated a short-term and mid-term bullish trend. We expect the price to hold the 45.6 – 46.8 support area and continue its short-term bearish trend. Short term bullish target is 57.2 and crossing upward the 57.2 – 58.4 area will drive the price towards the mid term target at 64.5 area.


You can read more about technical analysis and indicators here:

Hope this was useful for you! Please note that the above content is not an investment advise and shall be considered only for informative purpose.

Feel free to share your opinions in the comments section below and subscribe for more unique content!

You might be also interested in:

T. Rowe Price Group – I have never seen that low!

Are Financial Markets Suffering from a Black Swan Event?

Investing Strategies for Beginners - The Passive way

Stock Market Analysis

More Investing Articles

bottom of page