ROBINHOOD MARKETS INC - A (HOOD) Technical Analysis
NASDAQ:HOOD • US7707001027
Current stock price
HOOD Technical Rating and Analysis
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 63.52 - 80.75 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 87% of 240 stocks in the same industry.
- HOOD has an average volume of 31101100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that HOOD is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- HOOD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HOOD is lagging the market slightly.
HOOD Weekly and Daily overview Charts
HOOD Setup Rating and Analysis
The technical rating of HOOD is bad and it also does not present a 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
HOOD Support and Resistance Analysis
58.63
When analyzing the support we can see 2 important areas.
- A support zone ranging from 65.16 to 66.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @59.22 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @114.63 from a horizontal line in the daily time frame.
HOOD Technical Indicator Signal Analysis
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 | 82.32 | POSITIVE | HOOD has a high relative strength, it outperformed 82.32% 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) | DOWN | NEGATIVE | The current price of HOOD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.47 | NEUTRAL | The RSI value for HOOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests HOOD has a positive trend. |
| Stochastics (14,3) | 41.63 | NEUTRAL | The Stochastics value for HOOD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.35 | HIGH VOLATILITY | The high ATR as a percentage value for HOOD suggests high volalility. |
| Average Directional Index/ADX (14) | 34.32 | POSITIVE | The high ADX value value for HOOD suggests a strong trend. |
HOOD Chart- and CandleStick Pattern Analysis
HOOD Technicals: Chart, Performance Metrics, Trend & Indicators
68.9
-1.21 (-1.73%)
ROBINHOOD MARKETS INC - A / HOOD TA 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.
Can you provide the RSI signal for ROBINHOOD MARKETS INC - A?
ROBINHOOD MARKETS INC - A (HOOD) has an RSI value of 41.4672. This indicates that the stock is currently neutral.
What is the short term momentum for ROBINHOOD MARKETS INC - A (HOOD) stock?
The short term momentum for ROBINHOOD MARKETS INC - A (HOOD) is negative.
Can you provide the buy/sell signal for ROBINHOOD MARKETS INC - A?
The buy/sell signal for ROBINHOOD MARKETS INC - A (HOOD) is sell as both the short term and long term trends are negative.