Taking everything into account, HOOD scores 4 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.
HOOD has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
105.15
We found 1 important support area.
- A support zone ranging from 106.21 to 107.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @142.65 from a trend line 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 | NEUTRAL | NEUTRAL | The long term trend for HOOD is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HOOD is down. |
| ChartMill Relative Strength | 97.26 | POSITIVE | HOOD has a high relative strength, it outperformed 97.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HOOD is below 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 | POSITIVE | The current price of HOOD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.91 | NEUTRAL | The RSI value for HOOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.22 | NEGATIVE | The MACD value suggests HOOD has a negative trend. |
| Stochastics (14,3) | 9.88 | OVERSOLD | The low Stochastics value suggests HOOD may be oversold. |
| Average True Range in percent/ATR (20) | 8.48 | HIGH VOLATILITY | The high ATR as a percentage value for HOOD suggests high volalility. |
| Average Directional Index/ADX (14) | 24.57 | NEUTRAL | The ADX value for HOOD suggests a possible start of a new trend. |
107.3
+1.09 (+1.03%)
ROBINHOOD MARKETS INC - A / HOOD FAQ
What is the technical rating for HOOD stock?
ChartMill assigns a technical rating of 4 / 10 to HOOD.
What is the trend direction for HOOD stock?
The current trend direction for ROBINHOOD MARKETS INC - A (HOOD) is Bearish.
What is the RSI signal for ROBINHOOD MARKETS INC - A (HOOD) stock?
ROBINHOOD MARKETS INC - A (HOOD) has an RSI value of 34.9148. This indicates that the stock is currently neutral.
What is the MACD signal for ROBINHOOD MARKETS INC - A (HOOD) stock?
The MACD indicator for ROBINHOOD MARKETS INC - A (HOOD) has a value of -3.22469, indicating a bearish trend.
What is the support and resistance level for HOOD stock?
ROBINHOOD MARKETS INC - A (HOOD) has a support level at 107.29 and a resistance level at 142.65. Check the full technical report for our detailed analysis of HOOD support and resistance levels.