-3.78% for Robinhood stock as sharp early weakness weighs

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Robinhood drops 3.78% today to $67.14

Highlights

Robinhood was chosen as brokerage and trustee for the U.S. Treasury's Trump Accounts program, set to launch July 2026.
Robinhood’s banking division now holds over $1.5 billion in customer deposits across 100,000 funded accounts amidst stock underperformance.
Shares of HOOD remain under firm bearish momentum, trading below key support levels with a projected $64.00–$70.50 range and limited rebound probability.

Official partnership and deposits rise as price faces persistent selling

Robinhood was officially selected by the U.S. Treasury Department as the brokerage and initial trustee for the upcoming Trump Accounts program, which will provide government-backed, tax-advantaged savings and investment accounts for eligible U.S. children in partnership with Bank of New York Mellon and is scheduled to launch on July 4, 2026. The company committed $1,000 to each Trump Account established for eligible children of its employees. Robinhood’s banking division surpassed $1.5 billion in total deposits from approximately 100,000 funded customer accounts, though price action has remained under broader selling pressure.

Ongoing downside pressure as momentum and volatility signal weakness

Momentum readings for HOOD remain negative, with the MACD showing a strong sell signal and the ADX indicating firm selling pressure. RSI, CCI, and Stoch RSI all point to ongoing downside and oversold or near-oversold conditions, while a BBP reading confirms that sellers dominate intraday momentum. Price opened below the previous close, creating a gap down, and trades near the bottom of today’s range amid high intraday volatility, underscoring sustained weakness after the open. This intraday weakness is consistent with broader momentum indicators; although oscillators suggest that short-term buyers may soon emerge, overall signals remain tilted to the downside.

Limited rebound prospects as volatility band signals bearish risk

For the next week, HOOD is expected to fluctuate in the $64.00 to $70.50 volatility band relative to current levels. The probability of a move higher is very low (less than 20%), as daily and weekly indicators favor further declines. The baseline scenario is sideways movement within this corridor, with a bullish breakout only if HOOD rises above $74.14. A bearish outcome is likely if the price falls below $64.00, keeping sellers in control unless strong reversal signals appear.

Viktoras Karapetjanc, Traders Union expert, sees Robinhood's inclusion in the Trump Accounts program as a major long-term positive despite current price weakness. He believes recent banking growth and regulatory attention are strong fundamental signals, but acknowledges that technical momentum and sentiment still pressure the stock in the near term. Karapetjanc expects a sideways trend in the coming week, with resistance at $74.14 and potential support at $64.00. "While short-term selling prevails, I view Robinhood's growing institutional role and regulatory tailwinds as catalysts for recovery once the market turns," he says.

Previously it was reported that Robinhood remained under sustained downward pressure despite shareholder-friendly actions such as a major stock buyback announcement. The current landscape confirms persistent bearish momentum, and with HOOD trading well below key technical levels even after positive news regarding the Trump Accounts program, investors should monitor the $64.00 support for signs of further weakness or a potential reversal.

Source of Data: HOOD Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.