Robinhood Stock Jumps 10.25% In 3 Days As It Nears Yearly High

Robinhood Markets (HOOD) rose 4.07% in the most recent session, marking its third consecutive day of gains and a 10.25% advance over this period. This upward momentum occurs as the stock approaches its yearly high, warranting a multi-indicator assessment of the technical landscape.
Candlestick Theory
The recent price action shows a robust bullish sequence: three consecutive white candles with higher highs and higher lows, culminating in a July 18 close near the session peak ($109.74 vs. high of $113.44). This pattern indicates sustained buying pressure, with immediate resistance at the yearly high of $113.44. A decisive break above this level could signal continuation, while failure may trigger profit-taking. Support rests at $105.45 (July 17 low), backed by the psychological $100 threshold, which aligns with congestion from early July.
Moving Average Theory
The stock trades well above all key moving averages—an indication of strong bullish momentum. The 50-day MA (approximately $80) and 100-day MA (approximately $65) slope upward, reinforcing the intermediate trend. Critically, the 200-day MA (approximately $50) maintains a positive trajectory, confirming the long-term uptrend. The current price hovering near 37% above the 50-day MA suggests potential short-term overextension but underscores persistent buyer dominance across timeframes.
MACD & KDJ Indicators
MACD registers a bullish configuration, with the signal line holding below the MACD line since mid-June, though the histogram shows marginally waning upward momentum. This divergence suggests consolidation may precede further advances. Concurrently, KDJ oscillators reflect overbought territory, with the K-line (89) and D-line (84) elevated yet parallel—indicating sustained directional strength. The absence of bearish crossovers implies the uptrend remains intact, though extended readings warrant monitoring for exhaustion signals.
Bollinger Bands
Price persists in the upper Bollinger Band range (20-period, 2σ), signaling bullish momentum. Band expansion over the past month underscores increasing volatility, often accompanying strong directional moves. The consistent upper-band tagging reveals aggressive buying, with potential mean-reversion support near the 20-day MA (around $100) coinciding with key psychological support.
Volume-Price Relationship
Volume increased 86% to 72.95M shares during the latest rally, validating the breakout with conviction. This surge exceeds the 50-day average volume (~55M) and aligns with high-volume accumulation days in early July, confirming institutional participation. The absence of volume spikes on minor pullbacks (e.g., July 11–15) suggests limited selling pressure, supporting sustainability.
Relative Strength Index (RSI)
The 14-day RSI reads 78, breaching the overbought threshold (>70) and hovering near its yearly peak. While this reflects robust upward momentum, the extended reading flags exhaustion risk. Historically, HOOD has sustained RSI above 70 during parabolic phases (e.g., late June), indicating that overbought conditions alone may not precipitate immediate reversals amid strong trends. Traders should watch for bearish divergence for reversal cues.
Fibonacci Retracement
Applying Fibonacci to the dominant 2024–2025 uptrend (swing low: $16.42 on August 5, 2024; swing high: $113.44 on July 18, 2025) reveals key levels. The current price trades near the 0% retracement ($113.44). Primary downside supports include the 23.6% level at $90.55 and the 38.2% level at $76.38. Confluence exists at $90–$92, where Fibonacci coincides with the 50-day MA and horizontal volume support—a critical zone to monitor should profit-taking emerge.
Confluence and Divergence Notes
Confluence is evident between Bollinger Band support ($100), the psychological $100 barrier, and volume-based buyers, forming a robust floor. Bullish alignment across moving averages, MACD, and volume reinforce the primary trend. The primary divergence—RSI overbought signals amid decelerating MACD histogram momentum—suggests near-term consolidation is probable, but not necessarily reversal, given sustained volume and MA support.