Technical analysis of hood

The technical analysis of Robinhood Markets, Inc. (HOOD) indicates a bearish trend with strong selling pressure: 1. **Moving Averages**: The 5-day moving average is $17.22, the 10-day moving average is $18.97, and the 50-day moving average is $21.75. The short-term moving averages are below the longer-term averages, indicating a potential downward trend. |Ticker|Name|50-Day Moving Average|5-Day Moving Average|10-Day Moving Average|Date|code|market_code| |---|---|---|---|---|---|---|---| |HOOD.O|Robinhood Markets|21.7524|17.2240|18.9710|20240808|HOOD|185| 2. **MACD**: The Moving Average Convergence Divergence (MACD) is -1.09, which is negative and suggests a bearish signal. The MACD is below the signal line, indicating that the bearish momentum may continue. |Ticker|Name|MACD|KDJ|RSI|Date|code|market_code| |---|---|---|---|---|---|---|---| |HOOD.O|Robinhood Markets||43.6063|21.4669|20240807|HOOD|185| |HOOD.O|Robinhood Markets|-1.0921|||20240808|HOOD|185| 3. **RSI**: The Relative Strength Index (RSI) is 21.47, which is extremely low and suggests that the stock is oversold. This could indicate a potential reversal if the selling pressure subsides. 4. **Support and Resistance Levels**: The current support level is at $16.78, and the resistance level is at $17.34. The stock is trading close to the support level, and a break below this level could lead to further declines. |Ticker|Name|Support Level (Narrow)|Resistance Level (Narrow)|Date|code|market_code| |---|---|---|---|---|---|---| |HOOD.O|Robinhood Markets|16.7812|17.3394|20240807|HOOD|185| 5. **Fund Flow**: The net fund flow was $-4.64 million, indicating selling pressure. Additionally, the net fund flow from block orders was $-12.09 million, which is a significant amount of institutional selling. |Ticker|Name|Net Fund Flow|Net Fund Flow (Extra-large Order)|Net Fund Flow (Block Order)|Date|code|market_code| |---|---|---|---|---|---|---|---| |HOOD.O|Robinhood Markets|-4639150||-1.2094299E7|20240807|HOOD|185| |HOOD.O|Robinhood Markets||||20240808|HOOD|185| In summary, the technical indicators for HOOD suggest a bearish trend with strong selling pressure. Investors should exercise caution and consider these indicators alongside fundamental analysis and market conditions before making investment decisions.