Roblox Corporations stock price (RBLX) extended its gains in latest intraday trading, under full control of the main upward trend in the short term and trading alongside a rising trend line. The stock continues to benefit from dynamic support due to trading above the 50-day SMA. Additionally, we notice positive signals starting to stream from the Stochastic, after it previously reached extremely oversold levels.

Therefore we expect the stock to continue rising in upcoming trading, as long as the support of $100.00 holds on, targeting the resistance level of $120.00.

Todays price forecast: Bullish