Robinhood Stock Pulls Back, $95 Support in Focus
- Short-Term Momentum Weakens: Robinhood's stock price has dropped over 10% in the past month, despite a 124% year-to-date gain, indicating a disconnect between short-term trends and long-term growth narratives, potentially affecting investor confidence.
- Weak Money Flow: The Chaikin Money Flow remains below zero, indicating that large buyers are still cautious, with more money flowing out than in, making it difficult for the stock to break through the key resistance level of $117.
- Analyst Optimism: Despite the poor short-term performance, around 20 analysts rate Robinhood stock as a Strong Buy, with a 12-month price target near $156, reflecting confidence in the company's diversified financial platform development.
- Key Support Levels in Focus: Robinhood's stock is nearing its 200-day moving average, and if it falls below support levels of $101 and $95, it could trigger a deeper pullback, although this would not alter the long-term growth story.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for FLOW
Technical Sentiment Analysis for Flow (FLOW) As of , Flow (FLOW) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for FLOW stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, FLOW is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Flow (FLOW) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00307 | 0.0194 | 0.0342 | 0.0505 | 0.0653 | 0.0817 | 0.0965 |
| Fibonacci | 0.0194 | 0.0313 | 0.0386 | 0.0505 | 0.0624 | 0.0698 | 0.0817 |
About FLOW
About the author
