We assign a technical rating of 4 out of 10 to HOOD. In the last year, HOOD was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
HOOD has an average technical rating and the quality of the presented setup is also not ideal 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 3 important support areas.
- Support @114.63 from a horizontal line in the daily time frame.
- Support @110.26 from a trend line in the daily time frame.
- A support zone ranging from 106.21 to 107.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @116.24 from a trend line in the daily time frame.
- A resistance zone ranging from 121.69 to 124.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 130.38 to 131.95. 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 | 96.73 | POSITIVE | HOOD has a high relative strength, it outperformed 96.73% 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) | 41.65 | NEUTRAL | The RSI value for HOOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.51 | NEGATIVE | The MACD value suggests HOOD has a negative trend. |
| Stochastics (14,3) | 11.49 | OVERSOLD | The low Stochastics value suggests HOOD may be oversold. |
| Average True Range in percent/ATR (20) | 5.25 | HIGH VOLATILITY | The high ATR as a percentage value for HOOD suggests high volalility. |
| Average Directional Index/ADX (14) | 17.33 | NEGATIVE | The low ADX value for HOOD suggests a weak or negative trend. |
115.45
-1.98 (-1.69%)
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 Bullish.
What is the RSI signal for ROBINHOOD MARKETS INC - A (HOOD) stock?
ROBINHOOD MARKETS INC - A (HOOD) has an RSI value of 41.6535. 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 -0.513829, indicating a bearish trend.
What is the support and resistance level for HOOD stock?
ROBINHOOD MARKETS INC - A (HOOD) has a support level at 114.63 and a resistance level at 116.24. Check the full technical report for our detailed analysis of HOOD support and resistance levels.