Robinhood Markets (HOOD) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for HOOD · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$93.51last close · Aug 4, 202652-week range $63.52 – $153.86 · 39.22% below the high

HOOD Bullish Pennant Pattern

HOOD is currently forming a bullish pennant on the daily timeframe. Detected Aug 4, 2026.

A bullish pennant is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $100.42 (+33.4%). Across 2,605 backtested bullish pennants, the setup followed through 57.4% of the time, averaging +0.99R; HOOD's own bullish pennants have hit 100.0%.

DirectionBullishTarget$100.42Projected move+33.4%Breakout level$77.03

New to this pattern? What a bullish pennant is and how to trade it →

HOOD's Most Recent Bullish Pennant Trade

HOOD's most recent completed bullish pennant resolved as a win: it broke higher on May 28, 2026 near $77.71, then reached its target at $97.19 on Jun 24, 2026 — a +5.63R move (25.1%) over 18 sessions. Across 15 backtested bullish pennants, this setup wins 73.3% of the time.

OutcomeWinResult+5.63REntry$77.71Exit$97.19

Learn about bullish pennant

How Bullish Pennants Have Performed

Win rate
57.4%
Avg return
+0.99R
Backtested trades
2,605
HOOD win rate
100.0%

Historical pattern statistics (2006-08-15 – 2026-08-04), not a prediction.

How these backtests work →

HOOD Pattern Trade History

Every completed pattern trade our nightly backtest found on HOOD's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Bullish PennantMay 28, 2026 @ $77.71Jun 24, 2026 @ $97.19Win+5.63R
Falling WedgeApr 8, 2026 @ $76.80Jul 13, 2026 @ $109.86Win+2.49R
TriangleNov 13, 2025 @ $128.50Feb 2, 2026 @ $95.54Win+1.50R
TriangleJan 14, 2025 @ $43.18Feb 11, 2025 @ $53.34Win+2.14R
Rising WedgeJun 14, 2024 @ $23.05Jul 16, 2024 @ $24.63Loss-1.28R
Bullish PennantMay 17, 2024 @ $19.42Jun 14, 2024 @ $22.42Win+0.94R
Rising WedgeJun 28, 2023 @ $10.34Jul 25, 2023 @ $12.54Win+1.78R
TriangleJun 13, 2023 @ $9.48Jul 25, 2023 @ $12.54Win+3.50R
TriangleJun 7, 2023 @ $9.28Jul 25, 2023 @ $12.54Win+4.79R
Bullish PennantOct 25, 2022 @ $10.83Nov 9, 2022 @ $8.40Loss-1.88R
TriangleOct 19, 2022 @ $10.01Oct 28, 2022 @ $11.50Loss-1.27R
TriangleSep 30, 2022 @ $10.36Nov 9, 2022 @ $8.40Loss-1.64R

HOOD Support and Resistance Levels

Price is being turned away at a ceiling near $95.40 and starting to slide. On the weekly chart, the next floor below sits near $91.06 — about 2.6% away.

  • Traders commonly watch $91.06 as a target (its 50% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on yet — the spot to watch is right at the $95.40 ceiling, where price is testing it now, not out here in the slide. Chasing once price pulls away tends to be worse odds.

Nearest auto-detected support sits near $91.06, resistance near $108.54. These are chart/swing-derived levels, not formula pivots.

Resistance
$108.54$110.24$120.92$153.86
Support
$91.06$70.16$63.96

HOOD Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$92.62$95.60$90.07$93.51
Aug 3, 2026$86.69$92.35$85.30$90.34
Jul 31, 2026$86.13$89.50$83.68$86.56
Jul 30, 2026$90.91$92.57$86.21$86.60
Jul 29, 2026$92.21$93.32$88.60$89.84
Jul 28, 2026$92.67$93.87$88.21$92.76
Jul 27, 2026$96.98$99.45$93.20$95.65
Jul 24, 2026$100.07$100.08$93.03$94.91
Jul 23, 2026$101.88$104.12$99.32$101.58
Jul 22, 2026$104.72$106.89$104.33$104.48

HOOD Frequently Asked Questions

What chart pattern is HOOD forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a bullish pennant on Robinhood Markets (HOOD) on the daily chart, with a measured-move target of $100.42.
Is a bullish pennant bullish or bearish?
The bullish pennant detected on HOOD is a bullish pattern, projecting a measured-move target of $100.42. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a bullish pennant pattern, and what is its win rate?
Across TradingPal's backtest of the bullish pennant family (2,605 trades over 631 symbols), it resolved in the expected direction 57.4% of the time with an average of +0.99R. These are historical statistics, not a prediction.
What are the support and resistance levels for HOOD?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), HOOD's nearest support is around $91.06 and nearest resistance around $108.54.
What is the price target if HOOD's pattern breaks out?
The detected bullish pennant has a geometry-based measured-move target of $100.42 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was HOOD's closing price on Aug 4, 2026?
Robinhood Markets (HOOD) last closed at $93.51 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.