Roblox Stock Rises 3.11% As Technicals Show Bullish Momentum Near Key $130 Resistance

Roblox (RBLX) shares gained 3.11% in the most recent session, closing at $128.47 on elevated volume of 7.89 million shares. This analysis examines the technical structure through multiple frameworks.
Candlestick Theory
Recent price action shows Roblox testing the psychological $130 resistance level. The 2025-09-02 session formed a strong bullish candle closing near its high of $129.01, following a hammer pattern on 2025-08-28 that established support near $122. Key resistance is evident between $129-$130, marked by the 2025-08-13 and 2025-08-07 highs. Support converges at $122.60 (2025-08-29 low) and $119.16 (2025-09-02 low), aligning with the 200-day moving average. A close above $130 would signal bullish continuation.
Moving Average Theory
Roblox exhibits mixed trend signals across timeframes. The 50-day MA at $123.50 remains above the 100-day MA at $120.80, suggesting near-term bullish momentum. However, both remain below the 200-day MA at $121.20, reflecting persistent longer-term resistance. The current price trades above all three averages, though the 50/200-day relationship hasn't achieved a decisive golden cross. This configuration suggests cautious optimism but requires confirmation.
MACD & KDJ Indicators
The MACD histogram shows improving bullish momentum with the MACD line (0.85) crossing above its signal line (0.72). Meanwhile, the KDJ indicator presents an overbought reading with K-line at 89 and D-line at 83. While MACD supports continuation upside, KDJ's overbought condition and potential bearish divergence from the August price peak warrant caution. Confluence would strengthen if MACD maintains its upward trajectory without KDJ crossing downward.
Bollinger Bands
Volatility contraction is evident, with bandwidth narrowing 15% over the past week as price consolidates between the upper band ($130.20) and middle band ($124.80). The current close near the upper band suggests short-term overbought conditions. A decisive break above $130.20 would signal a volatility expansion and likely continuation rally, while rejection could retest the midline.
Volume-Price Relationship
The 3.11% advance occurred on 7.89M shares – 45% above the 30-day average volume. This confirms bullish conviction, particularly following above-average volume during the August support base near $122. However, volume during the late July breakdown from $150 occurred on significantly higher volume (24.6M shares), indicating lingering overhead supply that may cap rallies.
Relative Strength Index (RSI)
The 14-day RSI reading of 66 approaches overbought territory but remains below the 70 threshold. Current momentum is less extreme than the August overbought peak (RSI 82). While not yet generating a sell signal, proximity to overbought levels combined with the $130 resistance may limit near-term upside. Traders should monitor for bearish divergence if price makes new highs without corresponding RSI strength.
Fibonacci Retracement
Applying Fib levels to the July-August decline (swing high: $150.59 on 2025-07-31; swing low: $112.00 on 2025-08-15) shows Roblox trading near critical retracement zones. The current price at $128.47 sits between the 38.2% ($126.74) and 50% ($131.30) retracements. This $126-$131 zone represents a confluence barrier, with the 61.8% level at $135.85 as the next major upside target. Recent rejections near $129 indicate this Fibonacci resistance is actively capping advances.
Confluence & Divergence Observations
Notable confluence exists around $129-$130, where Bollinger Band resistance, horizontal price resistance, and the 38.2% Fibonacci level converge. Conversely, MACD/price momentum divergence appears absent currently, though KDJ's overbought condition against RSI's neutral reading creates mixed oscillator signals. The volume-supported breakout attempt requires confirmation above $130 to resolve these technical tensions, while failure could see retracement toward the $122 support cluster where the 200-day MA and recent swing lows align.