Buy signal, week 5 · US stocks
Robinhood drops 5.6% and slips back below its 20-day average, with the trade still up 8.1%
Our view last week
After last week's rebound, Robinhood stock stalls below its 7-day high, in the 126.7 area, and closes down 0.4%. In the weekly bar sellers are firmly in charge, with buying below 25% of volume, and a bearish engulfing shows up on the daily chart. Weekly technical analysis keeps the buy signal in place, with the trade up 14.5% since entry: price action trading argues for managing the position with patience.
This week's summary
A second straight weekly decline for Robinhood stock, down 5.6% and back below its 20-day average, in the 114 area: last week's pause under the highs has turned into a real pullback. The financial sector weighs, off 2.5% on the week, and daily money flow is negative. Weekly technical analysis keeps the buy signal in place, with the trade up 8.1% since entry: for swing trading this is a phase to manage, and price action argues against adding weight.
IQS Phase
52
ordinary
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#9 / 93
US stocks in progress
Trade P&L %
+8.13%
from signal to date, no stop loss
Robinhood Markets (HOOD) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 9th among the 93 Longs already running for US stocks in our ranking, with a signal strength of 87 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimeweak phase
Performanceweekly -2.46% · monthly -7.23%
HOOD belongs to the financials sector (reference ETF XLF). The sector is classified weak phase according to our weekly reading.
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