Technical analysis by BenRoses about Symbol HOODX: Buy recommendation (6/3/2025)

If HOOD holds above $70, momentum can carry it to $84–85 in the short term, and as high as $95 if the rally becomes euphoric — but any breakdown below $70 likely resets the move. 1. Price Action – Clean Breakout Price surged above a major resistance level around $65.39, which had previously capped price in late March. The breakout candle is strong, impulsive, and supported by volume, suggesting institutional follow-through. 2. RSI – Overbought Territory RSI is 78.06, a red flag for short-term exhaustion. While strong trends can keep RSI over 70 for extended periods, moves like this often lead to: Sideways digestion Quick shakeouts Potential for bearish divergence if price pushes higher but RSI rolls over 3. MACD – Elevated and Peaking MACD lines are still bullishly stacked, but the histogram is flattening. We may be nearing a momentum apex — any softness in price could trigger a MACD rollover, especially on this lower timeframe. 4. Volume – Legitimate Strength Volume on this breakout is clearly elevated, which confirms this is not a false move — at least not yet. Buyers are showing up, and that raises the bar for sellers to reclaim control. Summary: Breakout Confirmed, But Cooling Risk Rising HOOD has launched through resistance with conviction, but both RSI and MACD suggest this leg may be nearing exhaustion — watch for follow-through or failure in the next two sessions. Where can this go? Fibonacci Extension (From March Low to May High) Using: Swing low (March): ~$35 Swing high (May): ~$65.39 Pullback low (May 23rd): ~$60 Fib Extensions from this leg: 1.0x = $65.39 (already cleared) 1.618 = ~$84.27 2.0 = ~$95.39 That gives us a confluence zone at: $84–85 (1.618 Fib + Measured Move) $95–96 (2.0 Fib — extended run) Bullish on this one