As of May 22, 2026, HOOD (Robinhood Markets, Inc.) is in a bottoming attempt state on the daily chart, with a confidence level of 62%. Key support is at $70.0 and key resistance at $79.0. Price around $73.64 is basing after a sharp selloff, but remains below the major MAs (EMA50/100/200 and SMA100/200); short-term MAs are clustered with small candles and weak momentum (RSI ~43.8).
Range resolves upward: reclaim EMA50 (~$79) then mean-revert toward the EMA100/SMA100 confluence; this would look like an Elliott Wave ABC down completed and a new 1-2 starting from the $70 base (prob ~55%).
Base fails: breakdown under $70 triggers another sell leg (wave 5 extension / C-leg continuation) toward the next demand zone; prior volatility suggests a flush is possible (prob ~45%).
Daily close above $79.00 followed by a 2nd close holding above $78.90 (EMA50 zone).
Daily close below $69.50 (clean break of the base / recent swing-low area).
Stage in around the current base support (~$70) and only add aggressively if a flush toward the next demand zone occurs; invalidation is a decisive loss of $70 with momentum.
Trim into major overhead supply/long-MA zones (SMA200 ~$104 and prior distribution area), then progressively de-risk into the prior peak region where extensions would be statistically stretched.
As of May 22, 2026, HOOD (Robinhood Markets, Inc.) is in a bottoming attempt state on the daily chart with 62% confidence. Price around $73.64 is basing after a sharp selloff, but remains below the major MAs (EMA50/100/200 and SMA100/200); short-term MAs are clustered with small candles and weak momentum (RSI ~43.8).
On the daily timeframe, HOOD has key support at $70.0 and key resistance at $79.0. The most likely scenario (bullish) targets $79.0 and $86.0, with a revert level at $75.5.
HOOD (Robinhood Markets, Inc.) is currently classified as bottoming attempt on the daily chart, with 62% confidence. Confirmation requires: Daily close above $79.00 followed by a 2nd close holding above $78.90 (EMA50 zone). This would be invalidated by: Daily close below $69.50 (clean break of the base / recent swing-low area).
The most likely scenario (bullish) targets $79.0 and $86.0, with a revert level at $75.5. The alternative scenario (bearish) targets $69.5 and $62.0.
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