Robinhood Stock Rises 3.73% to $103.25 as Bullish Indicators Signal Upside Potential

Candlestick Theory
Recent price action in Robinhood Markets (HOOD) reveals significant patterns. The stock gained 3.73% on July 16, 2025, closing at $103.25 after testing resistance near $104.62. This session formed a bullish closing white candlestick following a hammer pattern on July 15 (low: $97.16, close: $99.54), suggesting rejection of lower prices. Key support is established between $97.50–$99.50, aligning with the July 11–14 consolidation lows. Resistance is evident near $104.50–105.00, where price stalled twice in July. A breach above $105 with volume could signal continuation, while failure to hold $97.50 may indicate near-term weakness.
Moving Average Theory
Moving averages confirm a strong uptrend. The current price ($103.25) trades well above calculated key averages: 50-day MA (~$81), 100-day MA (~$70), and 200-day MA (~$65). The 50-day MA has acted as dynamic support since early June 2025, with the July 8 dip to $90.70 rebounding sharply from this level. The ascending alignment of shorter averages above longer ones (50 > 100 > 200) signifies sustained bullish momentum. A golden cross occurred in May 2025 when the 50-day surpassed the 200-day, reinforcing the long-term trend.
MACD & KDJ Indicators
The MACD histogram turned positive on July 13–14, crossing above its signal line near the zero line, suggesting regained bullish momentum after a brief consolidation. KDJ shows the %K line (23) crossed above %D (20) on July 15 from oversold territory (<30), aligning with the rebound. While not overbought (KDJ at 55/58), the recovery slope supports upside potential. However, the MACD line remains below its mid-June peak despite higher prices, creating a mild bearish divergence that warrants monitoring for weakening momentum.
Bollinger Bands
Bollinger Bands highlight expanding volatility. The July 16 close near the upper band ($102.80) follows a period of band contraction in early July, indicating breakout confirmation. Bandwidth expansion from 4.2% to 5.8% over three sessions reflects increasing directional conviction. The middle band (20-day SMA, ~$96) now acts as immediate support, coinciding with the July 15 low. A close below $96 would suggest false breakout risk, while consolidation near the upper band may precede further upside.
Volume-Price Relationship
Volume analysis validates bullish resolve. The July 16 rally occurred on 54.4 million shares – 18.7% above the 10-day average – confirming breakout conviction. Similarly, the June 30 advance (+12.77%) saw record volume (101.9M shares), establishing institutional participation. Recent resistance breaks (e.g., the $100 level on July 10–11) occurred on above-average volume, enhancing credibility. Conversely, pullbacks like July 8 (-2.34%) saw lower volume (-15% vs. average), indicating limited selling pressure.
Relative Strength Index (RSI)
RSI reads 58–59, recovering from a low of 43 on July 9 but below the overbought threshold (70). This neutral positioning allows room for additional upside before exhaustion signals emerge. The mid-June peak at 73 aligned with a temporary high ($105), while May’s oversold reading (RSI=28) preceded a 45% rally. Current RSI divergence is absent, but traders should watch for readings above 70 coinciding with stalled price action as a caution signal.
Fibonacci Retracement
Applying Fibonacci to the uptrend from the April 2024 low ($16.68) to the July 2025 high ($105), key retracement levels emerge. The 38.2% level ($76) held as support in June 2025, triggering a rebound. The critical 61.8% level ($92.50) now aligns with the 50-day MA and July consolidation lows, forming a strong support confluence. Resistance resides near the 127.2% extension ($110), while a close above $105 could open a path toward this target.
Confluence & Divergence Synthesis
Multiple indicators converge around $92–95: Fibonacci support, volume-based demand, and the 50-day MA/BB middle band. This zone offers a high-probability buying opportunity should retests occur. Bullish alignment stems from MA sequencing, volume-backed breakouts, and momentum oscillators recovering from neutral/oversold levels. The primary caution is the MACD’s negative divergence relative to June’s high, suggesting waning momentum that requires monitoring. Absent a breakdown below $92, the technical structure favors upside continuation toward $110.