![]() All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Its forward P/E ratio is an eye-watering 112.07, and its forward Price/Sales multiple currently stands at 20.67 a high number when you consider that the sector median is just 1.86. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Is Roblox Stock A Buy At first glance Roblox appears to be an expensively priced company perhaps even grossly overvalued if you’re being especially pessimistic. Factset: FactSet Research Systems Inc.2019. 41.98 -0.12 (-0.29) Pre-market: Jul 5, 2023, 4:06 AM EDT Overview Financials Statistics Forecast Dividends Profile Chart 1D 5D 1M YTD 1Y 5Y No 1Y chart data available About RBLX Financial Performance In 2022, Robloxs revenue was 2.23 billion, an increase of 15.94 compared to the previous years 1.92 billion. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Roblox has resistance above at $36.04 and $43.10 and no support in terms of price history below.Most stock quote data provided by BATS. ![]() Gaps on charts fill about 90% of the time, which indicates Roblox will trade up to fill the empty range in the future, although it could be an extended period of time before that happens. Roblox has a gap above on its chart between $59 and $66.34.When a stock’s RSI reaches or falls below the 30% level it becomes oversold, which can be a buy signal for technical traders. A bounce is likely to come over the next few days because Roblox’s relative strength index (RSI) is measuring in at about 27%.The stock was unable to break through the channel partly due to lower-than-average volume, which was measuring in at about 8 million at press time compared to the 10-day average of 22.26 million. On Thursday, Roblox attempted to break up bullishly from the pattern but rejected and wicked from the upper descending trendline.Roblox’s most recent lower high was printed on April 25 at $35.18 and the most recent lower low was printed at the $$33.54 mark the day prior. The Roblox Chart: Roblox began trading in the descending channel on April 12 and has made a consistent series of lower lows and lower highs within the pattern. Details On AI Initiatives Wednesday: What Investors Should Know - Roblox (NYSE:RBLX). Want direct analysis? Find me in the BZ Pro lounge! Click here for a free trial. Esports Stock Rises Friday Is It Time To Buy Roblox Corp (RBLX). See if the stock can clear the breakout price in volume at least 40 above average. When a stock breaks up from a descending channel, it's a powerful reversal signal and indicates a rally is likely in the cards. Is Roblox Stock A Buy Roblox stock is building a consolidation with a 47.65 entry. Out of 18 analyst ratings, there are 11 Buys, four Holds, and three Sells. Bullish traders will want to watch for a break up from the upper descending trendline, on high volume, for an entry. 1 day ago &0183 &32 Turning to Wall Street, RBLX stock comes in as a Moderate Buy.Aggressive traders may decide to short the stock at the upper trendline and exit the trade at the lower trendline. For bearish traders, the "trend is your friend" (until it's not) and the stock is likely to continue downwards.The pattern is bearish for the short term but can be bullish down the road. Roblox Corporation RBLX reached a new all-time low of $29.52 on Thursday as it continued its descent in a descending channel pattern on the daily chart.
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