ROBINHOOD MARKETS INC. - 1H - Technical analysis published on 12/03/2021 (GMT)
- 231
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : WITHOUT TARGET
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
83%
6%
My opinion
Bearish under 23.34 USD
My targets
-
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ROBINHOOD MARKETS INC. as long as the price remains well below 23.34 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.4
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This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ROBINHOOD MARKETS INC. rating 21.98 USD. The price is lower by -9.17% since the last closing with the lowest point at 21.70 USD and the highest point at 24.06 USD. The deviation from the price is +1.29% for the low point and -8.65% for the high point.21.70
24.06
21.98
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of ROBINHOOD MARKETS INC. indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 21.98 | 23.34 | 27.55 | 34.00 |
| Change (%) | - | +6.19% | +25.34% | +54.69% |
| Change | - | +1.36 | +5.57 | +12.02 |
| Level | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.65 | 22.99 | 23.60 | 23.94 | 24.55 | 24.89 | 25.50 |
| Camarilla | 23.94 | 24.03 | 24.11 | 24.20 | 24.29 | 24.37 | 24.46 |
| Woodie | 22.78 | 23.06 | 23.73 | 24.01 | 24.68 | 24.96 | 25.63 |
| Fibonacci | 22.99 | 23.36 | 23.58 | 23.94 | 24.31 | 24.53 | 24.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.75 | 25.16 | 26.54 | 27.95 | 29.33 | 30.74 | 32.12 |
| Camarilla | 27.15 | 27.41 | 27.66 | 27.92 | 28.18 | 28.43 | 28.69 |
| Woodie | 23.74 | 25.15 | 26.53 | 27.94 | 29.32 | 30.73 | 32.11 |
| Fibonacci | 25.16 | 26.23 | 26.88 | 27.95 | 29.02 | 29.67 | 30.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.32 | 17.53 | 21.74 | 29.95 | 34.16 | 42.37 | 46.58 |
| Camarilla | 22.53 | 23.66 | 24.80 | 25.94 | 27.08 | 28.22 | 29.36 |
| Woodie | 7.31 | 16.53 | 19.73 | 28.95 | 32.15 | 41.37 | 44.57 |
| Fibonacci | 17.53 | 22.28 | 25.21 | 29.95 | 34.70 | 37.63 | 42.37 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 22.33 | |
| MACD (12,26,9): | -1.0300 | |
| Directional Movement: | -27.57 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 22.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.20 | |
| Elder Ray (13): | -1.44 | |
| Super Trend (3,10): | 24.32 | |
| Zig ZAG (10): | 22.00 | |
| VORTEX (21): | 0.6400 | |
| Stochastique (14,3,5): | 5.81 | |
| TEMA (21): | 22.65 | |
| Williams %R (14): | -96.48 | |
| Chande Momentum Oscillator (20): | -2.63 | |
| Repulse (5,40,3): | -7.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5300 | |
| Courbe Coppock: | 17.74 |
| MA7: | 25.54 | |
| MA20: | 30.57 | |
| MA50: | 36.40 | |
| MA100: | - | |
| MAexp7: | 22.74 | |
| MAexp20: | 24.25 | |
| MAexp50: | 26.08 | |
| MAexp100: | 28.54 | |
| Price / MA7: | -13.94% | |
| Price / MA20: | -28.10% | |
| Price / MA50: | -39.62% | |
| Price / MA100: | - | |
| Price / MAexp7: | -3.34% | |
| Price / MAexp20: | -9.36% | |
| Price / MAexp50: | -15.72% | |
| Price / MAexp100: | -22.99% |
Quotes :
-
15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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