We assign a technical rating of 1 out of 10 to HOOD. HOOD has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- In the last month HOOD has a been trading in the 71.87 - 120.88 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- HOOD is one of the better performing stocks in the Capital Markets industry, it outperforms 73% of 238 stocks in the same industry.
- HOOD has an average volume of 25665900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, HOOD turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
- 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.
The technical rating of HOOD is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
54.87
We found 1 important support area.
- Support @55.42 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 114.59 to 114.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @120.12 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 | 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 | 54.58 | NEUTRAL | HOOD is not amongst the best or worst performers 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 | MIXED | The current price of HOOD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 30.57 | NEUTRAL | The RSI value for HOOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.63 | NEGATIVE | The MACD value suggests HOOD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.27 | OVERSOLD | The low Stochastics value suggests HOOD may be oversold. |
| Average True Range in percent/ATR (20) | 7.02 | HIGH VOLATILITY | The high ATR as a percentage value for HOOD suggests high volalility. |
| Average Directional Index/ADX (14) | 34.57 | POSITIVE | The high ADX value value for HOOD suggests a strong trend. |
82.82
+10.14 (+13.95%)
ROBINHOOD MARKETS INC - A / HOOD FAQ
What is the technical rating for HOOD stock?
ChartMill assigns a technical rating of 1 / 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 30.5717. 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 55.42 and a resistance level at 114.59. Check the full technical report for our detailed analysis of HOOD support and resistance levels.