Price Position and Structural State
Robinhood Markets, Inc. (HOOD) closed at 105.16 USDT on August 29, 2026, up 0.98%. The asset now sits in a sideways structure inside its 55-day range. Current 55-day support is near 83.86 USDT, with resistance near 119.62 USDT. Price is near the middle of the range, so the market has no clear structural edge until it closes outside these levels.
Moving Averages and Trend Context
HOOD is trading between key moving averages. MA14 at 103.38 USDT stands as moving-average support, while MA9 at 107.711 USDT stands as moving-average resistance. This creates a clear decision zone. A sustained hold above MA14 at 103.38 USDT keeps the structure constructive, while a rejection near MA9 at 107.711 USDT leaves the trend unresolved.
Trading Friction and Price Efficiency
HOOD shows moderate trading friction, with a 3-day friction score of 52.0. The score combines price progress, wick rejection, and volume confirmation. Recent candles show mixed acceptance, so price is moving but still showing some noise. Moves near support or resistance need a cleaner daily close before they carry stronger weight.
Open Interest, Funding, and Positioning
Open interest fell -1.29% in one day but remains near the upper side of its 180-day range. This shows leverage is still elevated, even though some positions were reduced.
Funding is positive on the 24-hour average at +0.008430%, with the 7-day average also positive at +0.003375%. This shows sustained long-side cost pressure across both short and medium windows.
The long/short ratio is 1.03, sitting near the lower side of its 180-day range at 7.80%. This means long accounts only slightly outnumber short accounts, and the long tilt is weak compared with recent history.
Correlation, Beta, and Index Relationship
HOOD shows a moderate relationship with the broader crypto market (Sigloid Index). Correlation indicates partial co-movement with the index, while R² suggests that index behavior explains only part of its movement. This means broader market direction has some influence, but asset-specific factors remain important. Over the 30-day window, the relationship is weakening. Over the 60-day window, the relationship is weakening. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.458 | 0.678 | 0.21 | Moderate linkage |
| 60D | 0.529 | 0.893 | 0.28 | Moderate linkage |
| 180D | 0.463 | 0.735 | 0.214 | Moderate linkage |
Momentum, Volatility, and Indicator Pressure
HOOD's volatility profile is controlled rather than stretched. ATR% reads 4.88, near the middle of its full historical range. Bollinger Band width% reads 25.25, near the middle of its full historical range. 20-day Volume Z-score is -1.23. Range expansion is not leading the setup right now.
Impulse and acceleration are improving, but broader momentum is still weaker. MACD histogram is positive and ROC14 is +9.52%, while RSI is 54.31.
The read is still incomplete: momentum is improving, but volatility or participation has not confirmed the move strongly enough.
Broader Market Regime
The Sigloid Index remains in a bullish regime, showing broad strength across the market. HOOD has a moderate link to that market condition, so market strength can still influence price behavior, while asset specific factors also matter.
Key Levels for the Next State Change
For HOOD, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 119.62 USDT establishes a bullish regime, while a daily close below 55-day support at 83.86 USDT confirms a bearish regime.