ROBINHOOD MARKETS INC - A (HOOD) Stock Technical Analysis
NASDAQ:HOOD - US7707001027 - Common Stock
104.03 USD
+0.34 (+0.33%)
103.07 USD
-0.96 (-0.92%)
Overall HOOD gets a technical rating of 9 out of 10. In the last year, HOOD was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month HOOD has a been trading in the 97.15 - 117.70 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, HOOD did better than 99% of all other stocks. We also observe that the gains produced by HOOD over the past year are nicely spread over this period.
HOOD is one of the better performing stocks in the Capital Markets industry, it outperforms 99% of 239 stocks in the same industry.
HOOD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HOOD is lagging the market slightly.
HOOD has an average volume of 46033400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Considerably lower volume is observed in the last couple of days.
HOOD has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 114.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 104.02, a Stop Loss order could be placed below this zone.
More info and screens
39.19
116.17
When analyzing the support we can see 2 important areas.
- A support zone ranging from 101.39 to 104.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.59 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 114.63 to 115.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for HOOD is down. |
| ChartMill Relative Strength | 99.05 | POSITIVE | HOOD has a high relative strength, it outperformed 99.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HOOD is below the rising 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) | 47.73 | NEUTRAL | The RSI value for HOOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.49 | NEGATIVE | The MACD value suggests HOOD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.31 | NEUTRAL | The Stochastics value for HOOD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.63 | HIGH VOLATILITY | The high ATR as a percentage value for HOOD suggests high volalility. |
| Average Directional Index/ADX (14) | 19.62 | NEGATIVE | The low ADX value for HOOD suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 107.10 | 101.38 | 5.72 (5.34%) | 18.74% |
| An entry @107.10. This is a Buy Stop order right above the 10 day moving average. | An exit @101.38. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.72 points, which is 5.34%. | When investing 18.74% 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.
104.03
+0.34 (+0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.33%
1 Week-4.84%
2 Weeks-8.88%
1 Month4.13%
3 Month57.26%
6 Month107.64%
12 Month417.05%
2 Year855.28%
3 Year989.32%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.82
ATR(20)%5.63%
ATR Inc-58.65%
Range Today2.47
ADR(20)5.76
ADR(20)%5.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.05
Mansfield7.58
10 Day High117.46
10 Day Low99
20 Day High117.7
20 Day Low97.15
52 Week High117.7
52 Week Low18.71
CS1 End104.02
CR1 Start114.63
Volume & EV
DER(3)-2.56%
DER(5)-0.41%
Volume22.27M
Volume Incr-32.93%
Vol(5)28.22M
Vol(50)46.03M