ROBINHOOD MARKETS INC - A (HOOD) Stock Technical Analysis
NASDAQ:HOOD • US7707001027
Taking everything into account, HOOD scores 2 out of 10 in our technical rating. Although HOOD is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- In the last month HOOD has a been trading in the 69.22 - 95.89 range, which is quite wide. It is currently trading near the lows of this range.
- HOOD is one of the better performing stocks in the Capital Markets industry, it outperforms 84% of 238 stocks in the same industry.
- HOOD has an average volume of 28224800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, HOOD did better than 76% of all other stocks. However, we also see that HOOD couldn't keep up this performance in the last couple of months.
- HOOD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HOOD is lagging the market.
Although the technical rating is bad, HOOD does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for HOOD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
56.75
When analyzing the support we can see 3 important areas.
- A support zone ranging from 75.85 to 75.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 71.12 to 71.12. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @57.32 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 78.79 to 79.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 114.21 to 114.63. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for HOOD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HOOD is down. |
| ChartMill Relative Strength | 76.21 | POSITIVE | HOOD has a high relative strength, it outperformed 76.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HOOD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HOOD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of HOOD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.18 | NEUTRAL | The RSI value for HOOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.48 | POSITIVE | The MACD value suggests HOOD has a positive trend. |
| Stochastics (14,3) | 45.77 | NEUTRAL | The Stochastics value for HOOD is a neutral value. |
| Average True Range in percent/ATR (20) | 7.79 | HIGH VOLATILITY | The high ATR as a percentage value for HOOD suggests high volalility. |
| Average Directional Index/ADX (14) | 40.31 | POSITIVE | The high ADX value value for HOOD suggests a strong trend. |
78.78
+2.93 (+3.86%)
ROBINHOOD MARKETS INC - A / HOOD FAQ
What is the technical rating for HOOD stock?
ChartMill assigns a technical rating of 2 / 10 to HOOD.
Can you provide the trend direction for ROBINHOOD MARKETS INC - A?
The current trend direction for ROBINHOOD MARKETS INC - A (HOOD) is Bearish.
What is the RSI signal for HOOD stock?
ROBINHOOD MARKETS INC - A (HOOD) has an RSI value of 42.1846. This indicates that the stock is currently neutral.
What is the buy/sell signal for HOOD stock?
The buy/sell signal for ROBINHOOD MARKETS INC - A (HOOD) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for ROBINHOOD MARKETS INC - A?
ROBINHOOD MARKETS INC - A (HOOD) has a support level at 75.92 and a resistance level at 78.79. Check the full technical report for our detailed analysis of HOOD support and resistance levels.