Robinhood Stock Jumps 4.71% to $145.70 as Technicals Confirm Bullish Breakout

Robinhood Markets (HOOD) concluded the most recent session at $145.70, posting a 4.71% gain after testing resistance near $146.70 and finding intraday support at $140.15. This follows a volatile trading period characterized by significant breakout momentum and subsequent consolidation.
Candlestick Theory
The monthly chart reveals a dominant bullish trend with intermittent consolidation phases. A notable breakout occurred on September 29, 2025, when a 12.27% white candle closed near its high ($136.72) on elevated volume (62.1M shares), confirming bullish conviction after weeks of compression. The October 2 session formed a decisive white candle closing near the high ($145.70), reinforcing the breakout’s validity. Immediate support resides at $137.78 (October 1 low), while resistance converges at the October 2 high of $146.70. A breach above $147 would invalidate the recent upper shadow and signal continuation potential.
Moving Average Theory
The 50-day, 100-day, and 200-day moving averages exhibit a bullish alignment (50 > 100 > 200), confirming the long-term uptrend. Price currently trades above all three averages, with the 50-day MA providing dynamic support during the September pullback to $120.46. The 200-day MA’s ascent from $70 to $115 over the past year underscores sustained institutional accumulation. Golden crosses are evident across multiple timeframes, with the most recent occurring when the 50-day crossed above the 100-day in June 2025—a reliable trend-confirmation signal.
MACD & KDJ Indicators
The MACD (12,26,9) shows a bullish crossover above its signal line, with the histogram expanding positively—a momentum confirmation signal aligned with the recent breakout. The KDJ oscillator (9,3,3) entered overbought territory (>80) on October 2, reflecting short-term exuberance. However, the %K line (87) remains above %D (79), supporting near-term upside bias. Divergence is absent; both oscillators corroborate the price breakout. Caution is warranted if KDJ sustains >90 for extended periods, which could precede profit-taking.
Bollinger Bands
Volatility expansion is evident as price presses against the upper Bollinger Band ($146) after a period of bandwidth contraction in late September. The September 29 breakout coincided with a bandwidth expansion of 15%, confirming volatility-driven momentum. Price has traded above the 20-day moving average (mid-band) since September 19, affirming bullish control. Mean reversion risks emerge if price closes below $142, though the band’s upward slope favors continuation.
Volume-Price Relationship
Volume confirms bullish resolve: the September 29 breakout occurred on 62.1M shares—the highest volume since September 19 (202M shares). Subsequent up days (October 2: 34.4M) outpaced down-day volume (October 1: 34.7M), indicating net absorption of supply. The volume-weighted average price (VWAP) since September 19 is $132.3, below current price—a positive divergence. However, declining volume during the rally from $140 to $146 signals caution; sustainability requires volume expansion above 40M shares on new highs.
Relative Strength Index (RSI)
The 14-day RSI reads 74, crossing into overbought territory. While this suggests frothy near-term conditions, its upward slope and alignment with the price breakout dilute reversal implications. Notably, RSI has maintained >60 since the September 29 surge, reflecting persistent buying pressure. Prior instances of RSI >75 (e.g., July 2025) saw only shallow pullbacks within the broader uptrend. Traders should monitor for bearish divergence should price make higher highs with a declining RSI.
Fibonacci Retracement
Applying Fibonacci to the April 2024 low ($22.43) and October 2025 high ($146.70) reveals significant confluences. The 61.8% retracement ($96.80) supported the August 2025 reversal. Recent price action rebounded from the 38.2% micro-retracement ($136.50) of the $121-$147 swing—validating it as dynamic support. The 127.2% extension level sits at $160, representing the next technical upside target if $147 is surmounted. Current consolidation above $136.50 aligns with Fibonacci’s support/resistance framework, reinforcing bullish structure.