ROBINHOOD MARKETS INC. - 1H - Technical analysis published on 08/24/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 45.71 USD
My targets
48.99 USD (+3.46%)
52.10 USD (+10.03%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on ROBINHOOD MARKETS INC. as long as the price remains well above 45.71 USD. The buyers' bullish objective is set at 48.99 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 52.10 USD. If there is any crossing, the next objective would be the resistance located at 58.43 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.4
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This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ROBINHOOD MARKETS INC. price is 47.35 USD. The price registered an increase of +4.55% on the session and was traded between 46.00 USD and 49.00 USD over the period. The price is currently at +2.93% from its lowest and -3.37% from its highest.46.00
49.00
47.35
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ROBINHOOD MARKETS INC. in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 33.25 | 37.88 | 42.44 | 47.35 | 52.10 | 58.43 | 73.44 |
| Change (%) | -29.78% | -20.00% | -10.37% | - | +10.03% | +23.40% | +55.10% |
| Change | -14.10 | -9.47 | -4.91 | - | +4.75 | +11.08 | +26.09 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.93 | 41.62 | 43.46 | 45.15 | 46.99 | 48.68 | 50.52 |
| Camarilla | 44.32 | 44.64 | 44.97 | 45.29 | 45.61 | 45.94 | 46.26 |
| Woodie | 40.00 | 41.66 | 43.53 | 45.19 | 47.06 | 48.72 | 50.59 |
| Fibonacci | 41.62 | 42.97 | 43.81 | 45.15 | 46.50 | 47.34 | 48.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.75 | 36.09 | 39.37 | 45.71 | 48.99 | 55.33 | 58.61 |
| Camarilla | 40.00 | 40.88 | 41.76 | 42.64 | 43.52 | 44.40 | 45.29 |
| Woodie | 28.21 | 35.33 | 37.83 | 44.95 | 47.45 | 54.57 | 57.07 |
| Fibonacci | 36.09 | 39.77 | 42.04 | 45.71 | 49.39 | 51.66 | 55.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.32 | 29.28 | 32.22 | 36.18 | 39.12 | 43.08 | 46.02 |
| Camarilla | 33.25 | 33.89 | 34.52 | 35.15 | 35.78 | 36.42 | 37.05 |
| Woodie | 24.80 | 29.03 | 31.70 | 35.93 | 38.60 | 42.83 | 45.50 |
| Fibonacci | 29.28 | 31.92 | 33.55 | 36.18 | 38.82 | 40.45 | 43.08 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.97 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | 20.22 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 44.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 43.13 | |
| Elder Ray (13): | 2.79 | |
| Super Trend (3,10): | 43.70 | |
| Zig ZAG (10): | 47.56 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 82.66 | |
| TEMA (21): | 46.19 | |
| Williams %R (14): | -20.49 | |
| Chande Momentum Oscillator (20): | 4.50 | |
| Repulse (5,40,3): | 1.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.2200 | |
| Courbe Coppock: | 11.16 |
| MA7: | 46.22 | |
| MA20: | - | |
| MA50: | - | |
| MA100: | - | |
| MAexp7: | 46.27 | |
| MAexp20: | 45.36 | |
| MAexp50: | 46.62 | |
| MAexp100: | 46.98 | |
| Price / MA7: | +2.44% | |
| Price / MA20: | - | |
| Price / MA50: | - | |
| Price / MA100: | - | |
| Price / MAexp7: | +2.33% | |
| Price / MAexp20: | +4.39% | |
| Price / MAexp50: | +1.57% | |
| Price / MAexp100: | +0.79% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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