ROBINHOOD MARKETS INC - A (HOOD) Technical Analysis
NASDAQ:HOOD • US7707001027
Current stock price
HOOD Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to HOOD. In the past year, HOOD was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- HOOD is part of the Capital Markets industry. There are 239 other stocks in this industry. HOOD outperforms 87% of them.
- In the last month HOOD has a been trading in the 63.52 - 93.32 range, which is quite wide. It is currently trading near the high of this range.
- HOOD has an average volume of 29659200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- Looking at the yearly performance, HOOD did better than 83% of all other 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 currently trading near new highs, so HOOD is lagging the market.
HOOD Weekly and Daily overview Charts
HOOD Setup Rating and Analysis
HOOD has an average technical rating and it also does not offer a high 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
60.51
We found 3 important support areas.
- A support zone ranging from 82.94 to 83.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @69.11 from a trend line in the weekly time frame.
- Support @61.12 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @88.83 from a trend line in the daily time frame.
- A resistance zone ranging from 90.75 to 91.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | UP | POSITIVE | The short term trend for HOOD is up. |
| ChartMill Relative Strength | 83.29 | POSITIVE | HOOD has a high relative strength, it outperformed 83.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HOOD is above 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) | DOWN | NEGATIVE | The current price of HOOD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.96 | NEUTRAL | The RSI value for HOOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.94 | POSITIVE | The MACD value suggests HOOD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.8 | NEUTRAL | The Stochastics value for HOOD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.48 | HIGH VOLATILITY | The high ATR as a percentage value for HOOD suggests high volalility. |
| Average Directional Index/ADX (14) | 24.63 | NEUTRAL | The ADX value for HOOD suggests a possible start of a new trend. |
HOOD Chart- and CandleStick Pattern Analysis
HOOD Technicals: Chart, Performance Metrics, Trend & Indicators
83.95
-0.76 (-0.9%)
ROBINHOOD MARKETS INC - A / HOOD TA FAQ
What is the technical rating for HOOD stock?
ChartMill assigns a technical rating of 6 / 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 55.9613. 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 positive.
Can you provide the buy/sell signal for ROBINHOOD MARKETS INC - A?
The buy/sell signal for ROBINHOOD MARKETS INC - A (HOOD) is hold as the short term and long term trends are mixed.