Fresh sell signal, 5th among 138 US stocks
Robinhood stock drops 8.8% as lower highs pile up and a fresh sell signal fires
Fresh sell signal, 5th among 138 US stocks
Our view last week
Robinhood shares drop another 5.1% this week, with sellers up to 88% of volume: the fourth straight decline since the buying side started giving ground. But a clean double bottom has formed in the 92 area, with a 25% intermediate rebound, and the structure hasn't broken. In Robinhood's technical analysis the trade still sits above 4% in profit since entry.
This week's summary
Robinhood shares drop 8.8% this week, with a sequence of three lower highs carrying the price from the 119 area down to the 108 area, while buyers lose ground and sellers dominate the last session. In Robinhood's weekly technical analysis, the fresh sell signal ranks 5th among the 138 US sell signals, with a signal strength of 79 out of 100: a decline starting to make lower lows, its stride still holding.
IQS Phase
56
ordinary
Signal Strength
79
decline starting to make lower lows
Sizing
STANDARD
Ranking
#5 / 138
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 5th among the 138 sell signals for US stocks in our ranking, with a signal strength of 79 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein strong phase
Performanceweekly +1.12% · monthly +3.94%
HOOD belongs to the financials sector (reference ETF XLF). The sector is classified in strong phase according to our weekly reading.
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