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- Robinhood stock price is currently trading between a range as the highly disputed Robinhood stock’s bearish rally came to an end.
- The rightful owner of highly disputed Robinhood shares claimed by Sam Bankman Fried of FTX and BlockFi will be decided by the court.
- HOOD stock price is trying to gather investors’ attention as it is finally gathering support from the lower levels.
Robinhood stock price has declined around 1.94% over the course of a week. However, HOOD share price needs to increase the accumulation rate of buyers throughout the day’s trading session. However, Robinhood stock price is currently trying to aim for 20, 50, 100 and 200-days Daily Moving Average.
(NASDAQ: HOOD) stock price must soar towards the recovery phase over the daily time frame chart. HOOD share price has dropped around 15.66% in a span of a month. The sell offs led Robinhood stock towards the lower levels over the daily time frame chart.
Robinhood stock price was at $7.94 and has lost 1.43% in the last 24-hour period. HOOD share price needs to be increased and to achieve the higher level trading volume needs to be increased.
Robinhood stock price has dropped till the lower level of the horizontal price range over the daily time frame chart. HOOD stock needs to increase the accumulation rate for the stock price to soar towards its recovery.
Trading volume is still below average and needs to grow for Robinhood stock price to surge towards its recovery phase. Meanwhile, The rightful owner of highly disputed Robinhood shares claimed by Sam Bankman Fried of FTX and BlockFi will be decided by the court.
Technical Indicators are Divergent over Robinhood Stock!
Technical indicators are divergent as RSI and MACD both are showing two different stories regarding HOOD stock price action. Relative Strength Index showcases that HOOD stock is declining inside the consolidation phase. MACD exhibits the uptrend momentum of Robinhood stock. The MACD line is rising towards the signal line for a positive crossover. Investors of Robinhood shares like Sam Bankman and BlockFi have faith in HOOD shares and are trying to keep HOOD stock among their holdings.
Summary
Robinhood stock price has declined around 1.94% over the course of a week. (NASDAQ: HOOD) stock price must soar towards the recovery phase over the daily time frame chart. HOOD stock needs to increase the accumulation rate for the stock price to soar towards its recovery. Meanwhile, The rightful owner of highly disputed Robinhood shares claimed by Sam Bankman Fried of FTX and BlockFi will be decided by the court. Investors of Robinhood shares like Sam Bankman and BlockFi have faith in HOOD shares and are trying to keep HOOD stock among their holdings.
Technical Levels
Support Levels: $7.65 and $7.00
Resistance Levels: $8.25 and $9.50
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
