RBLX - Are we good this time?RBLX has been here many times, literally 7th time.
If this can break and hold this 47-50 level, this can zoom into 60-70 easily without much resistance.
RBLX
ROBLOX RBLX 211% explosive predictionRoblox has been accumulated since 2022. It is ready to take off.
How long it will take to get to 211% gain? Who knows, end of the year or may be middle 25
This a swing trade idea, buy and forget for at least six months
I added some important levels if you want to take profits along the way
Sharing is caring.
GLGT
-roosgart
When Virtual Worlds Collide: The Price of Digital Illusions?In the ever-evolving landscape of digital entertainment, a storm is brewing that challenges our perceptions of virtual reality and corporate responsibility. Roblox, a titan in the gaming industry, finds itself at the epicenter of a controversy that transcends mere numbers and pixels. As allegations of inflated user data and compromised child safety measures emerge, we are compelled to question the very foundations upon which our digital utopias are built.
This saga serves as a stark reminder of the delicate balance between innovation and integrity in the tech world. It challenges us to look beyond the dazzling facades of virtual playgrounds and confront the sobering realities that may lurk beneath. As investors, parents, and digital citizens, we are called to critically examine the metrics and safeguards that shape our online experiences and those of our children.
The Roblox controversy is not just a cautionary tale; it's a catalyst for a broader dialogue about the future of digital platforms and their impact on society. It prompts us to envision a world where transparency and user safety are not just buzzwords but the cornerstones of technological progress. As we stand at this crossroads, the choices we make and the standards we uphold will determine whether our digital futures will be defined by illusion or authenticity, by profit or protection.
In this pivotal moment, we are all stakeholders in the outcome. The questions raised by this controversy challenge us to become more discerning consumers, more vigilant guardians, and more engaged participants in shaping the digital landscapes we inhabit. As we ponder the true cost of our virtual indulgences, we must ask ourselves: Are we ready to demand more from the architects of our digital worlds, and in doing so, forge a path towards a more transparent and secure online future for all?
Roblox Stock Plunges 9% After Hindenburg ReportRoblox Corporation (NYSE: NYSE:RBLX ), the popular online gaming platform, suffered a sharp decline in its stock price after Hindenburg Research released a damning short report. The report accuses Roblox of inflating key metrics, persistent losses, and raising serious concerns about child safety on its platform. As both technical and fundamental indicators signal trouble, investors are now left to assess the potential fallout from these accusations.
Checkout Hindenburg's Allegations and Financial Woes
The Hindenburg Research report, published on Tuesday, sent Roblox’s stock tumbling by over 9% in premarket trading. The short seller claims that Roblox (NYSE: NYSE:RBLX ) has consistently misled investors about its Daily Active Users (DAUs), accusing the company of inflating this key metric by 25-42%. Hindenburg further suggests that many DAUs include duplicate or alternate accounts, such as bots used to "farm" in-game goods, making the reported user engagement metrics highly misleading.
Additionally, the report highlights Roblox’s persistent financial losses, stating that the company has not turned a profit since going public. Over the last twelve months, Roblox (NYSE: NYSE:RBLX ) has recorded losses totaling $1.07 billion, despite its impressive $27 billion market valuation. Hindenburg argues that Roblox’s high price-to-sales ratio of 8.6 far exceeds that of its gaming industry peers, reflecting unrealistic growth expectations.
The report also raises alarming safety concerns, alleging that Roblox’s moderation systems are insufficient to protect its predominantly young user base from exposure to inappropriate content and predatory behavior. Hindenburg claims that Roblox (NYSE: NYSE:RBLX ) has adopted a “growth at all costs” approach haha but that's insane, saying they prioritized inflated metrics over the safety of its users.
In response, Roblox (NYSE: NYSE:RBLX ) has remained silent, declining to comment on the report. This lack of transparency has only added to investor concerns, as shares continued to fall throughout the trading session.
Technical Outlook
From a technical perspective, Roblox's stock is exhibiting significant weakness. After forming a bullish flag pattern in early September 2023, which suggested a potential upward move, the pattern ultimately failed as the ceiling of the flag broke down following so many factors Ps the release of the Hindenburg report. The stock is now trading within a falling wedge pattern, a typically bearish formation.
As of the time of writing, NYSE:RBLX is down 4%, with the stock trending lower over the past few sessions. The moving averages (MA) are beginning to form a “dead cross” pattern, where the short-term moving average crosses below the long-term moving average. This is a classic indicator of potential extended bearish momentum in the coming weeks.
The Relative Strength Index (RSI) currently sits at 30.76, just above the oversold threshold of 30. While an RSI this low can sometimes signal an opportunity for a reversal, the broader technical landscape suggests that Roblox’s stock may continue to face downward pressure. Moreover, the recent candlestick pattern shows a bearish harami, which further indicates that a reversal is unlikely in the near term.
Conclusion
Hindenburg Research's scathing short report has undoubtedly shaken investor confidence in Roblox (NYSE: NYSE:RBLX ). Too sad hoping it won't affect our gaming experience. The allegations of inflated user metrics, persistent financial losses, and safety concerns present significant risks to the company's reputation and growth trajectory. Roblox’s financial struggles, including its failure to turn a profit, are compounded by an overvalued stock price, making it increasingly vulnerable to further downward pressure.
From a technical standpoint, the stock’s current position within a falling wedge pattern and the emerging dead cross signal additional bearish momentum. With the RSI hovering near oversold levels and no clear signs of a reversal, Roblox may continue to slide in the short term.
Investors should exercise caution and closely monitor how Roblox (NYSE: NYSE:RBLX ) responds to these allegations. Until the company can provide clarity or address the concerns raised by Hindenburg, NYSE:RBLX may face continued volatility. Long-term investors may want to wait for more stability in both the company's fundamentals and its stock chart before considering any moves.
RBLX Deeply Undervalued LONGRBLX on the 4H chart is presently at the low extreme in its trading range over the past six
months with the VWAP bands and volume profile overleaid. Pivot highes in the winter were
in the 46-47 range while the 2023 pivot low was 25. RBLX is a kid's favorite and compets
well with the other competing gaming setup. At present price touched 26.75 on 4X relative
volume ( selling). This is an obvious bottom. I will puck up a long trade here targeting
the VWAP and POC lines at the range of 37.50 to 39.50 and so seeking a profitable trade of 20-
25% overall in two pieces at the respective levels. Call options will be entertained if
there is sufficient volume to support ease of liquidity.
Roblox Stock Dives 29% as Firm Misses Q1 Revenue EstimatesRoblox ( NYSE:RBLX ), an online gaming platform and game creation system, missed analysts' expectations in Q1 CY2024, with revenue up 22.3% year on year to $801.3 million. The company's next quarter's revenue guidance of $867.5 million also underwhelmed, coming in 7.6% below analysts' estimates. Roblox ( NYSE:RBLX ) made a GAAP loss of $0.43 per share, improving from its loss of $0.44 per share in the same quarter last year.
Roblox ( NYSE:RBLX ) is best known for its wide assortment of user-generated content and is best known for its wide assortment of user-generated content. Video gaming has gradually taken more share of entertainment time since the 1970s, with ubiquitous mobile devices driving a surge in "snackable" games that can be played on the go. The business models of games publishers have become less volatile due to digitization of distribution, in game monetization, and an increasing dependence on surefire hit franchises. Covid-driven lockdowns accelerated adoption and usage of videogames, a trend that has not slowed.
Roblox's revenue growth over the last three years has been mediocre, averaging 15.2% annually. This quarter, Roblox ( NYSE:RBLX ) reported decent 22.3% year-on-year revenue growth, falling short of analysts' expectations. Guidance for the next quarter indicates Roblox ( NYSE:RBLX ) is expecting revenue to grow 27.4% year on year to $867.5 million, improving from the 15.1% year-on-year increase it recorded in the comparable quarter last year. Ahead of the earnings results, analysts were projecting sales to grow 49.5% over the next 12 months.
Roblox's Q1 results struggled to find many strong positives in these results. Its full-year bookings guidance of 15% year-on-year growth missed analysts' expectations, and investors are punishing the stock because management said it would grow at 20%+ annually for the next few years at its November 2023 Investor Day. On top of that, Roblox ( NYSE:RBLX ) announced it would start calculating adjusted EBITDA differently, raising some questions. Overall, the results could have been better. The company is down 29.3% on the results and currently trades at $27.6 per share.
Roblox ( NYSE:RBLX ) cut its annual bookings forecast on Thursday, in a sign that people were dialing back on spending within its video-gaming platform amid an uncertain economic outlook and elevated levels of inflation. The company's shares fell 18% in premarket trading. The gaming industry is grappling with lower engagement, which is expected to keep growth in the PC and console market below pre-pandemic levels through 2026, according to research firm Newzoo. The number of hours gamers aged 13 or more spent on Roblox's platform grew by 19% in the first quarter, the lowest growth rate for the company in about two years.
Roblox ( NYSE:RBLX ) has turned to digital ads to diversify its revenue. Earlier this month, it started displaying virtual billboards featuring content from brands such as Walmart (WMT.N) and Warner Bros Discovery (WBD.O).
RBLX Roblox Corporation Options Ahead of EarningsIf you haven`t bought RBLX before the previous earnings:
Then analyzing the options chain and the chart patterns of RBLX Roblox Corporation prior to the earnings report this week,
I would consider purchasing the 40usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $3.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking Immediately bullish on RBLX.🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
$RBLX Roblox Bearish to Bullish Reversal Trend Line BreakNYSE:RBLX Roblox Bearish to Bullish Reversal Trend Line Break. The technical analysis for Roblox indicates a transition from a bearish to a bullish trend, marked by a breakout above a key trend line. This reversal suggests a shift in market sentiment from negative to positive, potentially signaling further upward movement in the stock's price.
Cathie Wood’s ARK Stacks RobloxA World of Endless Possibilities
Roblox ( NYSE:RBLX ) isn't just a game; it's a universe where users become creators, architects of their own virtual realms. With its user-generated content model, Roblox ( NYSE:RBLX ) empowers millions to build, share, and explore immersive experiences. From bustling metropolises to fantastical realms, Roblox ( NYSE:RBLX ) fosters a sense of limitless creativity, inviting players to shape their own destinies within its virtual confines.
ARK Invest's Vote of Confidence
Amidst the digital renaissance, Roblox ( NYSE:RBLX ) has garnered the attention of seasoned investors like ARK Invest, led by the visionary Cathie Wood. As ARK dumps millions into Roblox ( NYSE:RBLX ) stock, signaling confidence in its long-term prospects, the platform's significance in the online gaming ecosystem is underscored. With each investment, ARK reaffirms Roblox's position as a pioneering force in the metaverse.
Expanding Horizons and Capturing Imaginations
Roblox's allure extends far beyond its gaming roots. Through strategic partnerships and innovative initiatives, the platform continues to push the boundaries of virtual entertainment. From virtual concerts to educational experiences, Roblox ( NYSE:RBLX ) transcends conventional gaming, offering a glimpse into the future of interactive media.
Empowering Creativity and Collaboration
At the heart of Roblox ( NYSE:RBLX ) lies a thriving community of creators, united by a shared passion for innovation and expression. Through collaborative endeavors and user-generated content, Roblox fosters a culture of creativity and inclusivity, where anyone can find their voice and leave a lasting impact on the digital landscape.
Charting a Course for the Future
As Roblox ( NYSE:RBLX ) charts a course for the future, fueled by ARK Invest's vote of confidence, the platform remains steadfast in its commitment to fostering innovation and fostering meaningful connections. With the recent launch of its self-custodial wallet app, Roblox ( NYSE:RBLX ) continues to blur the lines between virtual and reality, offering users new avenues for self-expression and financial empowerment.
Looking bullish in the near future for RBLX!Thank you as always for watching my video. I hope you learned something very educational. Remember! Trading is very risky. Only risk what you are willing to lose.
RBLX covered callNot quite 1%. BUT $45 is a STRONG roadblock. RBLX HAS BEEN trading sideways for a while.
The longer it chops around, the better for this covered call.
If I get called away at $50 - I will be profitable on this position.
RBLX covered calls I have some shares in my son Gabe's long term account. I am NOT scared if we sell them for a gain at $53
Buy low, sell high.
If your kid plays RBLX, get some money back....
RBLX Roblox Corporation Options Ahead of EarningsIf you haven`t bought the dip on RBLX before the previous earnings:
Then analyzing the options chain and the chart patterns of RBLX Roblox Corporation prior to the earnings report this week,
I would consider purchasing the $42.5usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $2.79.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
RBLX - Another ER GapSee text on daily chart. TLDR; gap up on ER to top end of a huge stage 1 base. May need some time, but if it goes, it has potential to go far & go quickly.
Roblox Stock Soars as Metaverse Vision Pays OffRoblox ( NYSE:RBLX ), the youth-centric gaming platform, has sent shockwaves through the market with its latest earnings report, surpassing analyst expectations and painting a promising picture for its future. With a surge in daily active users and robust revenue growth, Roblox ( NYSE:RBLX ) is not just a gaming platform anymore; it's a glimpse into the burgeoning metaverse.*
Breaking Down the Numbers
In the fourth quarter of 2023, Roblox ( NYSE:RBLX ) reported a loss of 52 cents per share, beating analysts' expectations of a 55-cent loss. But what really caught investors' attention was the staggering $1.13 billion in bookings, surpassing predictions of $1.05 billion. This signifies not only a substantial year-over-year growth from $899 million but also a testament to Roblox's ( NYSE:RBLX ) ability to monetize its expansive virtual ecosystem.
Investing in the Metaverse
Roblox's ( NYSE:RBLX ) strategic investments in building its version of the metaverse are paying off handsomely. With over 5.5 million immersive experiences ranging from gaming to social gatherings, concerts, sports events, fashion shows, and even educational content, Roblox ( NYSE:RBLX ) has become more than just a gaming platform—it's a virtual universe where creativity knows no bounds.
Guidance and Outlook
Looking ahead, Roblox ( NYSE:RBLX ) is optimistic about its future prospects. The company expects to generate bookings of $925 million for the current quarter, surpassing Wall Street's target of $903 million. Moreover, its full-year 2024 forecast of $4.21 billion in bookings exceeds analyst expectations of $4.06 billion. This bullish outlook reflects Roblox's ( NYSE:RBLX ) confidence in its ability to continue attracting users and monetizing its platform effectively.
CEO's Vision
Chief Executive David Baszucki's vision for Roblox ( NYSE:RBLX ) is ambitious yet achievable. With a goal of attracting over 1 billion daily active users, Baszucki emphasizes the importance of fostering a community characterized by optimism and civility. He highlights Roblox's strong network effects, driven by content, social connections, and communication, as well as its investments in immersive experiences, advertising, and artificial intelligence.
Market Response
Unsurprisingly, Roblox's ( NYSE:RBLX ) stellar performance has been met with a surge in its stock price, jumping 11% to $45.08 in afternoon trades following the earnings report. This surge reflects investors' confidence in Roblox's ability to capitalize on the growing demand for virtual experiences and its position as a leader in the metaverse space.
Conclusion
Roblox's ( NYSE:RBLX ) latest earnings report showcases its continued growth trajectory and solidifies its position as a key player in the evolving metaverse landscape. With a rapidly expanding user base, innovative experiences, and a visionary leadership team, Roblox is poised for further success in the years to come. As the metaverse continues to capture the imagination of both users and investors alike, Roblox ( NYSE:RBLX ) stands out as a prime example of the limitless possibilities that virtual worlds offer.
RBLX Double Inside DayRBLX is looking really good after bouncing off the 200 EMA, holding above the 50 and 20 EMAs and now working on a double inside candle day. MACD about to flip bullish as well. If the market doesn't totally collapse this looks like an A+ setup to me. Targets $44 and then $48 breaking that resistance.
RBLX Roblox Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of RBLX Roblox Corporation prior to the earnings report this week,
I would consider purchasing the 35usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $4.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Roblox (NYSE: RBLX) RRoblox is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for RBLX in the report.
Price Momentum
RBLX is trading in the middle of its 52-week range and below its 200-day simple moving average.
What does this mean?
Investors are still evaluating the share price, but the stock still appears to have some downward momentum. This is a buy opportunity for the stock.
Bullish on RBLX.
As you can see here on the 15-minute chart we are in a channel. I drew this channel on the hourly time frame. We have recently formed a double bottom on the daily chart and we had a massive green day today. I am looking for a breakout and retest on the resistance-turned-support bounce with high-volume calls. As always thank you for reading my analysis.
RBLX Inverse Head & ShouldersRoblox has seen a move higher with gaming-related stocks this week on the heels of creating an inverted head and shoulders pattern. Price is trending above all MAs(8,21,34,50,100,200) wiht the short MAs rising and crossing above the long MAs indicating a short-term bullish trend.
The PPO indicator shows the green PPO line rising and above a rising purple signal line indicating short-term bullish momentum. Both lines above the 0 level and rising indicates intermediate to long-term bullish momentum.
The TDI indicator shows the green RSI line rising and crossing above the 60 level which indicates a short-term bullish trend behind price, as does the RSI line trending above the purple signal line and trending in the upper half of the Bollinger Bands. The RSI line trending between 40-60 levels indicates an intermediate to long-term bullish trend behind price.
Assuming that price continues to move higher and closes above the neckline in the $48 area, a measured move will put our price target at $69. Measurement is taken from the lowest point of the head to the neckline which is roughly $21. Add that to anticipated opening price around the $48 above the neckline and we get $69 as our target and take profit level.
Buy price for me was at $43.34.
Stop-Loss is currently at $37.05.
I tend to wait for a close above the neckline before entering a trade, this trade was initiated a little early and prior to pattern confirmation making it a little more risky. Stop-Loss orders help to reduce risk, and on any single trade my total risk can never be more than 1% of my total portfolio; if I lose on a trade, the dollar loss can never be more than 1% of my total portfolio value.
