HOOD Stalls at $118.13 Amid Bearish EMAs
BearishRobinhood Markets Inc (HOOD) closed down 1.92% at $118.13 on December 29.
Technical indicators paint a bearish picture:
Moving Averages
Price sits below both the 9-day ($120.57) and 21-day ($123.21) EMAs, suggesting short-term weakness.
Momentum
RSI at 48.7 is in neutral territory but trending lower. MACD is bearish (-2.52 vs signal -2.24).