Robinhood Stock Plunges Below All EMAs Despite Record Revenue

Roninhood Markets, Inc.'s stock price has fallen below all three of its key daily moving averages despite a record-breaking $1.31 billion in revenue for Q2.

The company's stock closed at $89.84 on July 29, down from an opening price of $92.16. This marks the first time it has traded below every daily EMA since the data is available.

The technical picture for Roninhood Markets, Inc.'s stock remains bearish, with the daily RSI at 38.47 and MACD histogram at -2.81 confirming strong bearish momentum.