Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>A surge in selling volume in HOOD stock has been noticed.</a> </li> 
 <li> <span>2</span> <a>Robinhood Markets, Inc. is on the verge of a crucial breakdown.</a> </li> 
</ul> 
<p>HOOD stock price faced rejection from the upper level of $13.23 and kept on falling, forming lower lows. It shows that the trend is in a downward direction and bears continue to dominate the higher level. Robinhood stock price is struggling to sustain above key moving averages. So, a pullback rally may be triggered from the lower levels.</p> 
<p>Robinhood (NASDAQ: HOOD) stock shed 7.36% last month. However, it returned above the $10 level taking support on the 200 EMA. The next few sessions will be interesting to see how the prices sustain near the support. The technical analysis suggests prices look oversold and a relief rally may trigger any time from the lower levels.</p> 
<p>HOOD stock price is in a correction phase and is near the crucial support of $10. If formed, a bearish candle indicates sellers are active and will try their best to down the price. HOOD price closed the previous session at $10.82 with an intraday fall of -2.61%. If the buyers succeed in defending the $10.74 support then the possibility of a bounce back will increase. However, if the sell-off continues and Robinhood stock drops below $10 more downfall is likely.</p> 
<p>Buyers tried multiple times to break the higher range and expand upwards. However, due to the strong presence of sellers, prices faced rejection and it shows sellers are still active on higher levels.</p> 
<h2 class="wp-block-heading" id="strong-will-hood-stock-break-below-or-break-above-strong"><strong>Will HOOD Stock Break Below or Break Above?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="466" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-78-1024x466.png" alt="" class="wp-image-165302" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-78-1024x466.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-78-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-78-768x349.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-78-750x341.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-78-1140x519.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-78.png 1433w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Robinhood .1D.NASDAQ by TradingView
  </figcaption>
 </figure>
</div> 
<p>Robinhood price is trading between the 50-day and 200-day EMA neutrality at the moment. Moreover, if more selling volume adds up, then the price might conquer supporting SMAws by making lower highs and lows. Hence, the HOOD price is expected to move downwards giving bearish views over the daily time frame chart.</p> 
<p>The current value of RSI is 48 points. The 14 SMA is above the median line at 42 points which indicates that the HOOD stock is neutral. The MACD generated a positive crossover and the histogram is also green indicating neutrality as of now. Overall the incators are pointing towards the neutrality in the stock.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/08/29/robinhood-stock-hood-stock-defends-10-time-for-reversal/" target="_blank" rel="noreferrer noopener">Robinhood (NASDAQ: HOOD)</a> investor sentiments regarding the price are indecisive at present and may remain negative unless the buyers start stepping into the price action with substantial momentum. Technical indicators show neutrality at the moment. However, in order to accelerate towards its recovery phase, HOOD stock must amass purchasers. Investors in Robinhood Markets, Inc. stock must watch the daily time frame chart for any directional changes. However, investors and traders should wait for proper setup for the next move and avoid FOMO.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> $9.84 and $9.10.</li> 
 <li><strong>Resistance levels:</strong> $13.23 and $12.11.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.</p>

HOOD Stock Price Forecast: Is More Fall Pending in Robinhood?

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