Robinhood Markets Inc. (Robinhood (HOOD)) is having a good day. Shares are up 7.68% at $111.58 as of Tuesday afternoon, while the Nasdaq is only up 0.40% and the S&P 500 has gained 0.14%. So what's got investors excited?
The move comes on the heels of a White House summit on cryptocurrency policy held last week. That meeting brought together CFTC Chairman Michael Selig, SEC Chairman Paul Atkins, and executives from Coinbase Global Inc. (Coinbase (COIN)), Robinhood, Ripple, and Kalshi. President Donald Trump used the occasion to reiterate his commitment to U.S. leadership in crypto and urged Congress to pass the CLARITY Act, a bill designed to establish clear regulatory standards for digital assets.
The broader crypto market is feeling the love too. Bitcoin (BTC) is rallying, recently touching $79,287, and there's talk of tokenized stock trading and prediction markets expanding. All of that is good news for a platform like Robinhood, which makes a chunk of its money from crypto trading.
But not everyone is on board. Last week, the stock got attention on X after a CNBC panel discussed Tom Lee, the co-founder of Fundstrat Global Advisors and Chairman of Bitmine Immersion Technologies (BMNR), who recently named HOOD as a stock to avoid in 2026. That's a notable call from a well-known bull, and it sparked plenty of debate online.
So what does the chart say? HOOD is trading well above its key trend gauges, sitting 15.8% above the 20-day SMA ($95.16) and 15.1% above the 200-day SMA ($95.76). That keeps the longer-term trend pointed up despite recent chop. The catch is the shorter-term structure: the 20-day SMA remains below the 50-day SMA ($100.88), a bearish crossover that suggests the stock only recently re-accelerated and still needs time to "repair" the short-term trend stack.
From a levels standpoint, traders will likely watch whether the stock can hold above the psychologically important $100 area (near the 50-day SMA) on any pullback, because that's where trend buyers often defend. Upside, the next nearby ceiling is close enough that a fast run can stall if momentum cools.
- Key Resistance: $120.50
- Key Support: $91.50
So there you have it. Robinhood is riding a wave of crypto optimism, but the technicals suggest the short-term trend is still a work in progress. And with a prominent strategist telling investors to steer clear, the debate is far from settled.
