Technical analysis of hood

**Robinhood Markets, Inc. (HOOD) is currently exhibiting bearish signals based on the technical analysis**. Here's a detailed breakdown:

1. **Moving Averages**: The stock is trading below all major moving averages, indicating a potential downward trend. The 5-Day, 10-Day, 20-Day, 30-Day, 50-Day, and 100-Day moving averages are $17.27, $19.00, $21.01, $21.51, $21.76, and $21.4, respectively. The fact that the stock price is below these averages suggests that the price may continue to decline.

|Ticker|Name|5-Day Moving Average|20-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|HOOD.O|Robinhood Markets|17.2720|21.0050|18.9950|20240808|HOOD|185|

|Ticker|Name|200-Day Moving Average|120-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|
|HOOD.O|Robinhood Markets|15.8586|19.3605|20240808|HOOD|185|

2. **MACD**: The Moving Average Convergence Divergence (MACD) is -1.06, which is a bearish signal. The MACD represents the relationship between two moving averages and helps identify trends and potential reversals. A negative MACD indicates that the short-term moving average is below the long-term moving average, suggesting a downward momentum.

|Ticker|Name|MACD|KDJ|RSI|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|HOOD.O|Robinhood Markets||43.6063|21.4669|20240807|HOOD|185|
|HOOD.O|Robinhood Markets|-1.0615|||20240808|HOOD|185|

3. **RSI**: The Relative Strength Index (RSI) is 21.47, which is considered oversold and could indicate a potential reversal. The RSI measures the magnitude of recent price changes to evaluate whether an asset is overbought or oversold. An RSI below 30 is typically considered oversold, suggesting that the asset may be undervalued and due for a price increase.
4. **Fibonacci Retracement**: The 0.382 Fibonacci Retracement is $9.96, and the 0.618 Fibonacci Retracement is $11.31. These levels are important as they indicate potential support and resistance levels. The fact that the stock price is closer to the 0.618 Fibonacci Retracement suggests that the price may continue to decline.

|Ticker|Name|Fibonacci Retracement (0.382)|Date|code|market_code|
|---|---|---|---|---|---|
|HOOD.O|Robinhood Markets|9.9565|20221230-20231229|HOOD|185|

5. **Pivot Levels**: The current technical rating for Robinhood Markets, Inc. is a sell, with a strong sell trend prevailing over the short term. Pivot points are important price levels where traders expect price movements to either continue or reverse. The fact that the current rating is sell suggests that the price may continue to decline.
6. **Overall Sentiment**: The overall technical sentiment is bearish, with more sell signals than buy signals. This indicates that the majority of technical indicators are pointing towards a downward trend in the stock price.

In conclusion, the technical analysis of Robinhood Markets, Inc. (HOOD) suggests that the stock is currently in a bearish phase, with strong sell signals from various technical indicators. Investors should exercise caution and consider these bearish signals when making investment decisions for HOOD.