Reasons Why !!
In Q4 2023, Robinhood’s net revenues increased by 24% year-over-year to $471 million.
This growth was driven by higher net interest, transaction-based, and other revenues1.
The company reported net income of $30 million, a significant improvement from the net loss of $166 million in Q4 20221.
Adjusted EBITDA rose to $133 million, a 62% increase...
NASDAQ:HOOD Seems to have reached a local top and is due for a retest of the lower fin levels before picking upwards again. Expecting the stock to fall to 14$ (0.382) in the next 1 to 2 weeks.
RSI Divergence on the daily chart + overbought.
Potential downwards mouvement to MA line on 0.5 fib
User Growth Momentum:
NASDAQ:HOOD demonstrates impressive user growth driven by strategic promotions and incentives, solidifying its position with 23.6 million funded accounts as of February.
Institutional Investor Appeal:
Initiatives like the 3% match on IRA contributions attract institutional investors, boosting assets under custody to $118.7...
Hood potential earnings chart.
I labeled the important stuff within the chart.
There is a big trend line that I don't think will hit because it takes price down to $3, which I guess is theoretically possible.
I think 8.45 is a more real price and if that price hits, it seems the price can get up to $13.
It can also go the other way, upside first to $13.
I drew a...
First idea was a banger, i like Hood a lot, i will like it a lot more when it test sport at the $15 level (green horizontal). This is timing up nicely with TD sequential as well.
I just watched "Dumb Money" and I thought to look at Robinhood's chart. What I found tells me that Robinhood will probably not see above $20.55 for a long time to come. Avoid this stock.
HOOD's chart shows an interesting development with a potential move out of a Wyckoff reaccumulation range. This follows the recent earnings surprise, which positively impacted the stock price. However, remember that the stock market is volatile and reaching new highs is not guaranteed.
I would be a bit weary of going long right now on robinhood as the market across several time frames (daily, 240 minute, weekly, etc) is extended. However, if Robinhood does continue for another leg higher it needs to start to hold the pictured zone right about now. Other wise the stock may need a deeper pullback into that deeper zone as shown below.
Trading at 19.59 now. Weekly RSI at 82, but hourly RSI at 32. It seems like an entry point on the hourly charts, but an exit point on the weekly charts. As a momentum trader, this is where I usually get stuck. Seems like an uptrend, but volume is decreasing... Anyone have any thoughts on this? Is there any more upside to this trade?
HOOD reversed from a triple bottom at earnings and has been uptrending since then.
Fundamentally accounts and money inflow has increased. HOOD now has a credit card with
3% cash back. Low commissions, options, IPOs IRAs are all part of HOOD's services.
The Price Momentum Oscillator and Relative Trend Index indicator both support a bullish bias.
I will take...
Hood needs to close the week above 12.95 to make a new swing high, if this fails then i believe the swing low will need to be tested at 10.65. Above 12.95 things start to get exciting, as i don't see 13.58 acting as much resistance.
Robinhood Markets Inc., ( NASDAQ:HOOD ) the disruptive force behind commission-free trading, is poised to revolutionize the financial landscape once again with the introduction of its Robinhood Gold Card. This groundbreaking venture marks Robinhood's expansion beyond its traditional brokerage services into the realm of financial services, positioning itself as a...
$HOOD:1D
Long-term Fib Retrace from ATH.
Short-term Fib Extension from January 2024 lows.
Top indicator = Relative Strength Index (RSI)
Middle indicator = On Balance Volume (OBV Oscillator)
Bottom indicator = Directional Movement Index (DMI)
VWAP from highest high (yellow)
After coming out of a protracted, multi-year basing (blue), upside price momentum...
HOOD, now at 16.8 on Mar-19-2024 :
Wait and buy few at 15.9, 14.85, 13.85
Should be able to hold 6 to 8 months
Price levels to watch on upside --> 19.2, 21.26, 22.53, 23.56, 24.6
Expected gains from current price ---> 47%
Technically, NASDAQ:HOOD is poised for a breakout, which could unlock 40%+ gains initially (+ potentially 60%+ later - but it's too soon to tell).
Catalysts: trendline support, above 50 SMA, crypto momentum, strong financials.
Watching for confirmation:
1. Breakout from the rising channel
2. Overcoming 15$ resistance
