Robinhood Stock Jumps 5.5% Extends 3 Day Rally To 12.15% On Bullish Technicals

Comprehensive Technical Analysis: Robinhood Markets (HOOD)
Robinhood Markets (HOOD) concluded the latest session with a 5.50% gain, extending its winning streak to three consecutive days and accumulating a 12.15% rally during this period. This analysis employs multiple technical frameworks to evaluate HOOD’s price trajectory, volatility, and momentum characteristics.
Candlestick Theory
HOOD’s recent candlestick formation reveals a bullish bias, characterized by three consecutive white candles with progressively higher closes (66.15 → 67.98 → 71.72). This pattern signifies sustained buying pressure. Key resistance emerges near the $72.72 peak of the latest session, aligning with the April 2025 swing high. Support is established at $66.15–$67.98, corresponding to the consolidation zone preceding the breakout. A bearish reversal signal would require confirmation below $69.06 (prior session’s low).
Moving Average Theory
The 50-day MA ($53.80) recently crossed above the 100-day MA ($48.20) and 200-day MA ($42.10), confirming a bullish long-term trend. Short-term momentum is reinforced by the price trading well above all three moving averages, with the 50-day MA acting as dynamic support. The ascending alignment (50 > 100 > 200) signals a robust uptrend, though overextension risks exist near current levels.
MACD & KDJ Indicators
MACD (12,26,9) shows a bullish crossover above the signal line, with the histogram expanding positively—evidence of accelerating upward momentum. KDJ readings (K: 85, D: 78, J: 92) indicate overbought territory (K and J > 80), suggesting near-term exhaustion potential. However, no bearish divergence is present; both oscillators align with the price ascent, implying trend continuity unless KDJ sustains overbought levels beyond 2–3 sessions.
Bollinger Bands
Volatility expanded sharply as price breached the upper Bollinger Band ($70.20) during the latest session—a sign of strong bullish momentum. The band width increased by 15% over three days, confirming breakout validation. While such deviations often precede short-term pullbacks, closure above the upper band reinforces bullish conviction. Support now resides at the 20-day moving average ($65.40), coinciding with the middle band.
Volume-Price Relationship
Volume surged 42% during the three-day rally (avg. 36M shares vs. 30-day avg. 32M), validating the breakout’s sustainability. Notably, the highest volume accompanied the largest gain (8.95% on May 13), establishing $62.57 as high-volume support. Declining volume during pullbacks (e.g., May 29’s -1.83% loss on 21M shares) signals limited selling interest, reinforcing the uptrend’s integrity.
Relative Strength Index (RSI)
The 14-day RSI (74) has entered overbought territory (>70), historically preceding minor consolidations (e.g., reversals near 75 in April 2025). However, RSI’s uptrend remains intact, with no bearish divergence. Given HOOD’s strong momentum, overbought conditions may persist before significant profit-taking emerges. Traders should monitor for RSI divergence or closure below 70 to signal exhaustion.
Fibonacci Retracement
Applying Fibonacci to the rally from $16.42 (August 5, 2024 low) to $72.72 (current high) reveals critical levels: 23.6% ($59.80), 38.2% ($50.90), and 50% ($44.60). The price recently rebounded from the 38.2% retracement, transforming it into support. Confluence exists at the 23.6% level ($59.80), aligning with the 50-day MA and volume-supported consolidation in May 2025. A reversal below $59.80 could trigger a deeper correction toward $50.90.
Concluding Assessment
Multiple indicators converge to support HOOD’s bullish trend: moving average alignment, volume-backed breakouts, and MACD momentum. However, overbought signals (RSI, KDJ) and deviation above Bollinger Bands suggest potential near-term consolidation. Key resistance at $72.72 must be decisively breached to extend gains, while failure to hold $69.06 may initiate profit-taking toward $66.15–$67.98 support. The primary trend remains upward, but tactical pullbacks appear probable within the broader uptrend.