ROBINHOOD MARKETS INC - A (HOOD) Stock Technical Analysis
USA - NASDAQ:HOOD - US7707001027 - Common Stock
Overall HOOD gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
HOOD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 127.07, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
111.16
When analyzing the support we can see 2 important areas.
- A support zone ranging from 126.93 to 127.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @112.28 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 | UP | POSITIVE | The long term trend for HOOD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HOOD is neutral. |
| ChartMill Relative Strength | 98.22 | POSITIVE | HOOD has a high relative strength, it outperformed 98.22% 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) | UP | POSITIVE | The current price of HOOD is above the rising 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) | 49.81 | NEUTRAL | The RSI value for HOOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.56 | NEGATIVE | The MACD value suggests HOOD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.8 | NEUTRAL | The Stochastics value for HOOD is a neutral value. |
| Average True Range in percent/ATR (20) | 6.23 | HIGH VOLATILITY | The high ATR as a percentage value for HOOD suggests high volalility. |
| Average Directional Index/ADX (14) | 16.74 | NEGATIVE | The low ADX value for HOOD suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 139.57 | 126.92 | 12.65 (9.06%) | 11.03% |
| An entry @139.57. This is a Buy Stop order right above the 10 day moving average. | An exit @126.92. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 12.65 points, which is 9.06%. | When investing 11.03% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of HOOD. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
135.88
+5.52 (+4.23%)
ROBINHOOD MARKETS INC - A / HOOD FAQ
What is the technical rating for HOOD stock?
ChartMill assigns a technical rating of 9 / 10 to HOOD.
What is the trend direction for HOOD stock?
The current trend direction for ROBINHOOD MARKETS INC - A (HOOD) is Bullish.
What is the RSI signal for ROBINHOOD MARKETS INC - A (HOOD) stock?
ROBINHOOD MARKETS INC - A (HOOD) has an RSI value of 49.8137. 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 -1.56069, indicating a bearish trend.
What is the support and resistance level for HOOD stock?
ROBINHOOD MARKETS INC - A (HOOD) has a support level at 127.07. Check the full technical report for our detailed analysis of HOOD support and resistance levels.