Roblox Corporation (RBLX) stock declined in its latest intraday trading, as the stock attempts to gather positive momentum that could support recovery and renewed rise. At the same time, it is working to unwind part of its clear overbought levels in the Stochastic indicators, especially with a negative crossover starting to appear. The main bullish trend remains in control, with trading moving along a minor upward slope line on the short term that supports this path, while positive pressure continues from trading above its previous 50-day SMA, reinforcing the chances of a rebound.

Therefore, we expect the stock to rise in its upcoming trading, as long as the support level of 119.00 holds, to then target the resistance level of 150.00.

Todays price forecast: Bullish.