HOOD Rips 14% From Oversold, But MACD Still Bearish Below $85
$Robinhood(HOOD)$
Robinhood (HOOD) Surged +13.95%: Rebound From Oversold Zone, Eyeing $85 Pivot
Latest Close Data
Closed at $82.82 on 2026-02-05, up 13.95% (+$10.14). Trading 46% below its 52-week high of $153.86.
Core Market Drivers
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The sharp rally follows a period of significant selling pressure, potentially driven by a technical rebound from deeply oversold conditions.
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The substantial net capital outflow over the prior four days suggests this move may be a short-term correction.
Technical Analysis
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Volume was robust at 54.6M shares (Volume Ratio: 1.14), confirming the strong buying interest.
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RSI(6) jumped from extreme oversold levels (2.66) to 33.75, indicating a powerful momentum shift.
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However, MACD remains in negative territory (DIF: -9.63, DEA: -7.00), signaling the longer-term trend is still bearish.
Key Price Levels
* Primary Support: $80.67 (Recent swing low, must hold to maintain rebound).
* Immediate Pivot: ~$84.30 (Today's high & pre-market level).
* Strong Resistance: $117.27 (Key level from last week).
Valuation Perspective
Forward P/E of 32.24 sits slightly above its historical average of 28.97, suggesting the stock is fairly valued after the bounce.
Analyst Targets
Coverage remains bullish. 20 analysts have an average price target of $149.12, with 21 recommending "Strong Buy" or "Buy" vs. 5 recommending "Hold" or "Underperform."
Weekly Outlook
Expect consolidation near the $80-$85 range. A sustained break above $85 could target $90. A failure to hold $80 support may lead to a retest of lower levels.
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