Robinhood Stock Soars 17.57% In Two Days As Technicals Signal Bullish Momentum

Robinhood Markets (HOOD) demonstrated significant upward momentum in the latest trading session, advancing 4.72% to close at $143.18. This follows a 12.27% surge in the prior session, resulting in a two-day cumulative gain of 17.57%. This aggressive price movement establishes a new local high at $143.62 and warrants examination through multiple technical lenses to evaluate sustainability and potential inflection points.
Candlestick Theory
Recent candlesticks reveal a robust bullish reversal pattern. The 2025-09-29 session formed a long-bodied white candle (open: $123.78, close: $136.72) that engulfed the preceding three bearish candles, signaling strong accumulation. The follow-through candle on 2025-09-30 (open: $135.57, close: $143.18) confirms bullish conviction despite a modest upper wick. Immediate resistance is anchored at $143.62 (current swing high), while support emerges near $136.72–$135.57 (prior resistance and session low). This structure suggests continuation potential provided prices maintain above $135.57.
Moving Average Theory
The moving average configuration exhibits a bullish hierarchical alignment. The 50-day MA (approximating $110–115 based on mid-July to September closes) has consistently traded above the 100-day MA (near $95–100) and 200-day MA (around $75–80). More critically, the price is accelerating above all three major moving averages with the 50-day MA acting as dynamic support during the August–September consolidation. The expanding distance between the 50-day and longer-term MAs implies strengthening intermediate-term momentum. Sustained trade above $143.62 would reinforce this trend structure.
MACD & KDJ Indicators
MACD exhibits a bullish crossover with the signal line converging toward the MACD histogram from below—a configuration amplified by the two-day volume surge. This suggests accelerating positive momentum. Concurrently, the KDJ oscillator shows %K (91) and %D (87) penetrating above the overbought threshold (80), while %J exceeds 100. Such readings typically warn of short-term exhaustion, though vertical rallies can sustain these levels during powerful momentum moves. No bearish divergence is evident on daily timeframes, supporting trend continuation absent reversal triggers.
Bollinger Bands
Price has pierced the upper Bollinger Band ($138–140 est.), reflecting elevated volatility and directional conviction. Band expansion initiated on 2025-09-29 confirms volatility breakout validity, historically preceding sustained trends in HOOD. However, the close near the band’s extremity increases near-term mean-reversion probability. Initial pullback targets the 20-period moving average (mid-band near $130), now trending upward. The bands’ expansion rate must be monitored—deceleration without price deterioration could signal consolidation rather than reversal.
Volume-Price Relationship
Volume surged to 62.1 million shares during the initial breakout (2025-09-29) and remained elevated at 50.5 million shares in the follow-up session—both exceeding the 30-day average (~40 million). This marks the highest two-day volume cluster since late August, validating upside conviction. The Volume-Weighted Average Price (VWAP) from 2025-09-26 to 2025-09-30 approximates $133, establishing a high-volume support zone. Any retreat below this level on waning volume would suggest profit-taking acceleration.
Relative Strength Index (RSI)
The 14-day RSI has spiked to approximately 78, crossing into overbought territory (>70). Historically, HOOD’s RSI peaks above 80 during powerful uptrends (e.g., early July 2025 rally). While traditional overbought signals caution, this condition frequently persists in momentum-driven assets, particularly when coinciding with breakouts. Bearish divergence would require a lower RSI high against price highs—not yet observed. Traders should regard RSI >80 as a warning for potential consolidation but not an automatic reversal signal.
Fibonacci Retracement
Applying Fibonacci to the recent swing low ($120.46 on 2025-09-26) and swing high ($143.62) reveals critical retracement levels for pullback scenarios. The 23.6% ($138.16) and 38.2% ($134.32) levels align with key prior closes and intraday lows. Notably, $134.32 converges with the 20-period moving average and the psychological $135 support. A sustained hold above the 23.6% level during pullbacks would reinforce bullish bias, whereas breach of 50% retracement ($132.04) would invalidate breakout momentum.
Confluence & Divergence Assessment
Confluence between indicators strengthens the bullish thesis: (1) volume-supported breakout above horizontal resistance, (2) MACD bullish crossover confirming price momentum, (3) Bollinger Band expansion validating volatility-driven upside, and (4) moving average stack ordering price behavior. Primary divergence exists between overbought oscillators (RSI, KDJ) and price extension—a condition warranting tactical caution despite the dominant trend alignment. The Fibonacci 23.6% level ($138.16) converges with breakout point support ($136.72–138), creating a high-confidence decision zone for position entry. Bearish triggers would require a breakdown below $132.04 (50% retracement) with deteriorating volume, a development currently unsupported by indicator evidence.