Londinia Opportunities Analyses - 04/19/2024 (GMT) ROBINHOOD MARKETS INC. - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	HOOD
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

78%

My opinion

Bearish under 16.70 USD

My targets

16.19 USD (-2.18%)

15.83 USD (-4.35%)

My analysis

ROBINHOOD MARKETS INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 16.70 USD. The next support located at 16.19 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 15.83 USD. Below this support, sellers could then target 13.21 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

ROBINHOOD MARKETS INC. rating 16.55 USD. The price registered a decrease of -3.10% on the session and was between 16.50 USD and 17.23 USD. This implies that the price is at +0.30% from its lowest and at -3.95% from its highest.

16.50

17.23

16.55

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ROBINHOOD MARKETS INC.:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this ROBINHOOD MARKETS INC. chart shows a sharp bearish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near support of channel

Type : Bullish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.59	13.21	16.19	16.55	16.70	17.24	17.59
Change (%)	-36.01%	-20.18%	-2.18%	-	+0.91%	+4.17%	+6.28%
Change	-5.96	-3.34	-0.36	-	+0.15	+0.69	+1.04
Level	Intermediate	Major	Intermediate	-	Major	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.08	16.49	16.78	17.19	17.48	17.89	18.18
Camarilla	16.89	16.95	17.02	17.08	17.14	17.21	17.27
Woodie	16.03	16.46	16.73	17.16	17.43	17.86	18.13
Fibonacci	16.49	16.75	16.92	17.19	17.45	17.62	17.89

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.83	16.71	17.34	18.22	18.85	19.73	20.36
Camarilla	17.56	17.69	17.83	17.97	18.11	18.25	18.39
Woodie	15.71	16.65	17.22	18.16	18.73	19.67	20.24
Fibonacci	16.71	17.29	17.64	18.22	18.80	19.15	19.73

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.12	13.89	17.01	18.78	21.90	23.67	26.79
Camarilla	18.79	19.23	19.68	20.13	20.58	21.03	21.48
Woodie	12.80	14.23	17.69	19.12	22.58	24.01	27.47
Fibonacci	13.89	15.76	16.91	18.78	20.65	21.80	23.67

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	31.51
MACD (12,26,9):	-0.2100
Directional Movement:	-23.23
AROON (14):	-71.43
DEMA (21):	16.75
Parabolic SAR (0,02-0,02-0,2):	17.46
Elder Ray (13):	-0.31
Super Trend (3,10):	17.42
Zig ZAG (10):	16.53
VORTEX (21):	0.8600
Stochastique (14,3,5):	10.85
TEMA (21):	16.75
Williams %R (14):	-96.31
Chande Momentum Oscillator (20):	-0.50
Repulse (5,40,3):	-1.7200
ROCnROLL:	2
TRIX (15,9):	-0.1600
Courbe Coppock:	2.49

MA7:	17.45
MA20:	18.44
MA50:	16.71
MA100:	14.01
MAexp7:	16.74
MAexp20:	17.03
MAexp50:	17.46
MAexp100:	17.85
Price / MA7:	-5.16%
Price / MA20:	-10.25%
Price / MA50:	-0.96%
Price / MA100:	+18.13%
Price / MAexp7:	-1.14%
Price / MAexp20:	-2.82%
Price / MAexp50:	-5.21%
Price / MAexp100:	-7.28%

Quotes : - 15 min delayed data - Actions NASDAQ

News

The latest news and videos published on ROBINHOOD MARKETS INC. at the time of the analysis were as follows: