Robinhood Markets, Inc. stock falls below all EMAs despite $1.31B revenue
Robinhood Markets, Inc. stock closed at $89.84 on July 29, down from a $92.16 open. It now sits below every key daily moving average. The technical picture is bearish โ even as the company posted record Q2 revenue of $1.31 billion, a 32% year-on-year jump.
Key takeaways
- HOOD closed at $89.84, below all three daily EMAs โ the 20, 50, and 200
- Daily RSI at 38.47 and MACD histogram at -2.81 confirm strong bearish momentum
- Record Q2 revenue of $1.31 billion (+32% YoY) failed to prevent the post-earnings selloff
- The daily Bollinger lower band at $89.74 serves as the critical line in the sand
- A close below $89.74 opens the path toward $87.87 pivot support
Daily Bias: Bearish Momentum Dominates HOODโs Price Structure
The daily bias for Robinhood Markets, Inc. stock is firmly bearish. Price trades below all three key EMAs while the MACD histogram sits deep in negative territory at -2.81.
Price is below the EMA20 at $101.03, the EMA50 at $97.37, and the EMA200 at $94.05. This stacked bearish alignment signals sustained distribution pressure, not a brief pullback. Meanwhile, the MACD line at -1.36 sits below the signal line at 1.46. That produces a histogram reading of -2.81 โ one of the more decisive momentum divergences on the daily chart. Sellers are firmly in control of the medium-term trend.
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