As of March 25, 2025, Robinhood (NASDAQ: HOOD) is approaching a high-volume resistance level near $48.15–$48.48. Price has been rallying off a March low and is now testing key areas of confluence that could either trigger a breakout continuation or prompt a corrective move.
Technical Overview
Price Structure
Current Resistance Zone: $48.15–$48.48, aligning with the Volume Profile High.
Support Structure: Ascending trendline stretching from August 2024 lows; recent price behavior has respected this line cleanly.
Fibonacci Levels
0.5 retracement at $56.49
0.618 extension above $60
These are potential upside targets if current resistance is cleared on volume.
Momentum and Trend Indicators
RSI
Trend
Volume
The projected yellow path (shown on the chart) suggests volume support is building under price, signaling sustainable upside.
Scenario-Based Outlook
Scenario 1: Bullish Breakout
Price breaks above $48.48 with volume.
Indicators confirm momentum across all three custom tools.
Target: $56.49 (0.5 Fib), then $60.00–$62.00 (0.618 Fib + psychological level).
Scenario 2: Rejection & Pullback
Price stalls at Volume Profile High.
Pullback into trendline or full retracement toward Buy Zone ($37–$36).
Watch for renewed confluence from RSI+, WaveTrend 3D, and Volume Buoyancy for long re-entry.
Summary
Robinhood is at a critical juncture. Momentum across the RSI+, WaveTrend 3D, and Volume Buoyancy is aligned to support continuation—but the price must clear the Volume Profile High to confirm. If rejected, the trendline and deeper demand zone provide defined levels to reassess. Indicators suggest the recent bottom was a structural low with strength building beneath the surface.
This setup offers a favorable risk-reward profile in both breakout and pullback scenarios, provided the indicators continue to support momentum and volume follows through.
Technical Overview
Price Structure
Current Resistance Zone: $48.15–$48.48, aligning with the Volume Profile High.
Support Structure: Ascending trendline stretching from August 2024 lows; recent price behavior has respected this line cleanly.
Fibonacci Levels
0.5 retracement at $56.49
0.618 extension above $60
These are potential upside targets if current resistance is cleared on volume.
Momentum and Trend Indicators
RSI
- The RSI indicator has turned upward and exited its prior downtrend channel.
- The last three times this indicator rebounded from its lower band (circled on chart), price followed with a sustained bullish leg.
- Currently printing near 54.68, suggesting renewed momentum without being overbought.
Trend
- Recently flipped bullish: the green histogram has turned positive, and the wave has crossed above its signal line.
- Previous flips from similar structure (highlighted by white dots and wave crossovers) have marked strong trend beginnings.
- The clean separation between the wave and signal line is a confirmation of strength.
Volume
- The most important tell: the recent reversal mirrors August and September 2024 setups nearly identically.
- The March 10, 2025, bottom was accompanied by a smooth upward curve and bullish divergence.
The projected yellow path (shown on the chart) suggests volume support is building under price, signaling sustainable upside.
Scenario-Based Outlook
Scenario 1: Bullish Breakout
Price breaks above $48.48 with volume.
Indicators confirm momentum across all three custom tools.
Target: $56.49 (0.5 Fib), then $60.00–$62.00 (0.618 Fib + psychological level).
Scenario 2: Rejection & Pullback
Price stalls at Volume Profile High.
Pullback into trendline or full retracement toward Buy Zone ($37–$36).
Watch for renewed confluence from RSI+, WaveTrend 3D, and Volume Buoyancy for long re-entry.
Summary
Robinhood is at a critical juncture. Momentum across the RSI+, WaveTrend 3D, and Volume Buoyancy is aligned to support continuation—but the price must clear the Volume Profile High to confirm. If rejected, the trendline and deeper demand zone provide defined levels to reassess. Indicators suggest the recent bottom was a structural low with strength building beneath the surface.
This setup offers a favorable risk-reward profile in both breakout and pullback scenarios, provided the indicators continue to support momentum and volume follows through.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.