ROBINHOOD MARKETS INC. - Daily - Technical analysis published on 05/17/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 10.92 USD
My targets
9.51 USD (-4.80%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ROBINHOOD MARKETS INC. as long as the price remains well below 10.92 USD. The next bearish objective for sellers is set at 9.51 USD. A bearish break of this support would revive the bearish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
4.1
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Additional analysis
Quotes
The ROBINHOOD MARKETS INC. price is 9.99 USD. The price registered a decrease of -1.19% on the session and was traded between 9.50 USD and 10.55 USD over the period. The price is currently at +5.16% from its lowest and -5.31% from its highest.9.50
10.55
9.99
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:
Technical
Technical analysis of ROBINHOOD MARKETS INC. in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 9.51 | 9.99 | 15.66 | 40.22 | 46.88 |
| Change (%) | -4.80% | - | +56.76% | +302.60% | +369.27% |
| Change | -0.48 | - | +5.67 | +30.23 | +36.89 |
| Level | Intermediate | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.12 | 9.53 | 9.82 | 10.23 | 10.52 | 10.93 | 11.22 |
| Camarilla | 9.92 | 9.98 | 10.05 | 10.11 | 10.17 | 10.24 | 10.30 |
| Woodie | 9.06 | 9.50 | 9.76 | 10.20 | 10.46 | 10.90 | 11.16 |
| Fibonacci | 9.53 | 9.80 | 9.96 | 10.23 | 10.50 | 10.66 | 10.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.51 | 6.61 | 8.65 | 9.75 | 11.79 | 12.89 | 14.93 |
| Camarilla | 9.83 | 10.11 | 10.40 | 10.69 | 10.98 | 11.27 | 11.55 |
| Woodie | 5.98 | 6.85 | 9.12 | 9.99 | 12.26 | 13.13 | 15.40 |
| Fibonacci | 6.61 | 7.81 | 8.55 | 9.75 | 10.95 | 11.69 | 12.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.94 | 5.97 | 7.89 | 10.92 | 12.84 | 15.87 | 17.79 |
| Camarilla | 8.45 | 8.90 | 9.36 | 9.81 | 10.26 | 10.72 | 11.17 |
| Woodie | 2.39 | 5.69 | 7.34 | 10.64 | 12.29 | 15.59 | 17.24 |
| Fibonacci | 5.97 | 7.86 | 9.03 | 10.92 | 12.81 | 13.98 | 15.87 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.78 | |
| MACD (12,26,9): | -0.5100 | |
| Directional Movement: | -3.81 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 9.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.77 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 11.13 | |
| Zig ZAG (10): | 10.09 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 79.29 | |
| TEMA (21): | 9.44 | |
| Williams %R (14): | -27.30 | |
| Chande Momentum Oscillator (20): | 0.27 | |
| Repulse (5,40,3): | -4.1200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.8200 | |
| Courbe Coppock: | 10.60 |
| MA7: | 9.48 | |
| MA20: | 9.99 | |
| MA50: | 11.50 | |
| MA100: | 12.82 | |
| MAexp7: | 9.82 | |
| MAexp20: | 10.18 | |
| MAexp50: | 11.43 | |
| MAexp100: | 15.27 | |
| Price / MA7: | +5.38% | |
| Price / MA20: | -0% | |
| Price / MA50: | -13.13% | |
| Price / MA100: | -22.07% | |
| Price / MAexp7: | +1.73% | |
| Price / MAexp20: | -1.87% | |
| Price / MAexp50: | -12.60% | |
| Price / MAexp100: | -34.58% |
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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