HOOD Daily Playbook
HOOD is trading at 105.20, holding above both its 50-SMA (82.08) and 200-SMA (102.75), confirming an uptrend with the 50 well above the 200 — a textbook bullish alignment, though price sits just 2.38% above the long-term line, leaving little cushion. Momentum is firm but stretched: RSI(14) at 69.41 is knocking on overbought, while MACD at 5.05 over its 3.25 signal still shows positive separation, suggesting trend strength hasn't rolled over yet. Immediate support sits at the 200-SMA near 102.75, with deeper structural support back toward the 50-SMA at 82.08; overhead, the prior reaction high zone becomes resistance as RSI pushes into the upper band. The setup is a trend-continuation pullback: constructive behavior is a shallow dip that holds 102.75 and reclaims momentum before MACD crosses down, while a fresh push that keeps RSI under ~75 would extend the impulse. The thesis weakens on a decisive daily close back below the 200-SMA (102.75), and is invalidated on a sustained break that opens air toward the mid-90s and a MACD bearish cross — at that point the "above both MAs" structure no longer applies.