RBLX Earnings Play?Roblox looks ready to test down trend and explode hight in wave 3 possibly from earnings catalyst. Looking for price near $65 in the coming months. NYSE:RBLX
RBLX trade ideas
RBLX longI think this 4h downward trend line is pretty important. If it breaks upwards, there's a good chance we'll see more growth. It would be great if the volume picks up during the breakout. That would give more confidence in a higher chance of a positive trade.
Oh.. Hey $RBLX NYSE:RBLX 6/7 Leader
Lately it seems that the rotations into small/mid cap stocks are underway, what gave this information away was when AMEX:IWM (holds small/mid-caps) started to outperform the rest of the market. This means that if money is picking up small/mid-caps then we want to position into the tickers that from a structure point of view are leaders, so we can catch a longer bounce when they start to outperform. NYSE:RBLX meets this criteria, not only is it outperforming some other arkk names but from a momentum point of view there is more room to the upside.
Some cons of this trade are the ITM strikes are call heavy, and there is a call wall at the $34 strike. So, any further continuation may be short lived.
The plan is to buy ITM $33 calls expiring 6/7. Entry is market open (wait to see if we set a new low within 15-45 mins) if a new low is created don't buy and wait to see if we eat up the sellers. If we have good strength when we open, then we can take the trade. Add another contract at market close, 1st TP is when your original contract is up 50-70%.
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.
No More Robux? Not quite... NYSE:RBLX lately has been getting hammered. Even after having great earnings on May 9th, NYSE:RBLX can't catch a break. Today a flow order came in hammering calls on the $32.50 strike. With this presented to us the best assumption we can make is the Market Makers will not want this stock higher than the $32.50 strike by the given expiration date (5/31).
Best play here is to enter puts at/around the $32.50 strike
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).
5/8/24 - $rblx - you can do better w/ less risk elsewhere5/8/24 - vrockstar - wow i'm not really a bear b/c the dollar denominator is a dumpster fire forever... but i'm writing again to warn that 6x sales for mediocre mgns (they should be MUCH better given it's a lot of UGC in this biz) and pretty poor cash generation requiring multi-year-legs of growth is simply not ownable in this tape. the stock since last print is looking v unhealthy (do yourself a favor and divide this one by QQQ to see the true comp of performance - frankly you'd best sell here and buy Q's and i'm not even sure that's a great idea at this moment in the month - that's another conversation, however). Again, i'm not actively shorting this print, but if i owned the stock I'd be dumping it now. Hard to dip buy a miss here. frankly the stock's probably worth sub $25. we can debate this in comments if you'd like. i'd like to own it, but at this valuation for the last year and a half... (the stock price is flat - be honest - you'd lost purchasing power), the valuation is not cheap... your risk reward is very poor heading into this print. stock is acting w a lot of hope here.
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.
ROBLOX 46 AFTER EARNINGS ? Q1 2024 Performance:
On February 7th, 2024, Roblox Corporation reported its first-quarter 2024 financial results.
The company’s earnings per share (EPS) for the quarter were -$0.52, surpassing the consensus estimate of -$0.57 by $0.05.
Roblox’s revenue during the quarter was $1.13 billion, exceeding analysts’ expectations of $1.05 billion.
The company’s revenue growth was impressive, showing a 25.3% increase year-over-year1.
User Engagement and Growth:
Roblox’s success is driven by its strong user base and developer community.
The platform witnessed significant growth in average daily active users (DAUs), which surged by 79% to 42.1 million.
Hours engaged on the platform reached 16 billion, reflecting a 20% year-over-year increase.
Bookings grew by an impressive 161% year-over-year.
Analyst Expectations:
Analysts at Roth MKM maintain a buy rating on Roblox shares and have set a price target of $554.
JP Morgan analyst Cory Carpenter upgraded Roblox from Neutral to Overweight, raising the price target from $41 to $48. Carpenter highlighted the company’s consistent bookings growth over the past four quarters and projected first-quarter bookings of $927 million5.
Market Confidence and Future Prospects
Roblox’s innovative platform, expanding user base, and strong financial performance have instilled confidence in investors. As the company continues to enhance its offerings and attract more users, its stock price may continue to rise.
ROBLOX About to head to $48+ over 1-2 Months?ROBLOX is about to head to $48+ well in theory if .618 is held at 33.50 and change, then 60.93 is likely by July!
TipRanks has the average analysts predictions at around $50, which is also a key level at $48-$50
RBLX - Trades to take within the larger tradeThis is why I love swing trading - you can be in a HTF long trade while still making money on the pullbacks.
Follow along for continued analysis
Happy Trading :)
- TraderDaddyOG
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 - Updated analysis for expected pullbacks and trade entriesThis is what we should see going forward if we want to continue with a healthy move up to retest orange tapered selling and beyond.
Happy Trading :)
- TraderDaddyOG
One word - RBLX! Our pick of the month is officially on its wayWhen I put out a video of this last week, the main reasoning was our sell-side tapering and clear liquidity building within our tapered orange selling channel.
We are now well on our way toward a HTF breakout and have a fully bullish outlook.
Happy for all who joined me on this move!
Happy Trading :)
- TraderDaddyOG
$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.
RBLX - Updated analysis to my Pick of the Month!I put out analysis on this trade on Friday and am still a believer in this stock longer term! Good signs on Friday off of a yellow pickup and looking to retest that more tapered blue selling algorithm before a continued activation by yellow and breakout toward the top of this daily IH&S.
Stay tuned, Happy Monday, and...
Happy Trading :)
- TraderDaddyOG
RBLX - 25 R:R Trade opportunity incoming. + Massive Daily H&STapering Tapering Tapering!
Looking for a buying continuation activation and breakout of our controlled selling algos.
If you look on the daily chart as well, you'll see a massive (beautiful) Inverse H&S pattern forming.
Happy Trading :)
- TraderDaddyOG
Jade Lizard Trade Expiring Just Prior to EarningsNYSE:RBLX
'Jade Lizard' Trade (expires JUST before earnings)
Call Credit Spread:
+1 $44 call 5/3
-1 $43 call 5/3
Short Put:
-1 $37 put 5/3
Credit received: $253
Outcomes @ Expiration:
1) If share price is above $44, then $153 profit (close call credit spread for $100).
2) If share price is between $37 and $43, then $253 profit achieved (via credit received).
3) If share price is below $37, then I will be assigned to buy 100 shares @ an avg cost of $34.47/each. Next step: sell calls until assignment.
(With a jade lizard, there's no risk to the upside).
RBLX - weekly time frame analysishi Traders,
Let's have a look at RBLX on the weekly time frame.
RBLX has been in a accumulation zone since May 2022 when the price found a bottom.
However, the price has been getting rejected at the 47 $ resistance which is also a 0,786 fib level.
From another hand, the accumulation has last forever and not sure if we're going to get another retest of the bottom.
2 scenarios which are shown on the chart:
1. Buy at the bottom if the price goes down. Entry: 25-26 dollars.
Targets/take profit levels are shown on the chart (each fib level may act as a resistance so do not hesitate to take profit)
stop loss: 22-23 $
2. If the price breaks the resistance at 47 $ and retests and confirm this level as a support, you may take a long position.
Targets the same as in the Scenario 1.
If you're patient , 95 $ and even 110 $ may be reached, but it will take some time.
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.
Waiting for a Pelosi LongWhat a range we have here on RBLX. With higher lows into a strong resistance, Its certainly looks bullish, but we need to wait, and it may be quite some time we will be waiting for. You can range trade this of course, but we are tightening up now so its going to get a bit choppy.
