HOOD trade ideas
HOOD LONGHOOD just broke out of its accumulation range, which is a strong indicator for the stock. This breakout suggests that investors have been accumulating shares, setting the stage for a potential rise toward the $25.50 mark.
In its latest earnings report, HOOD showed improved user growth and a reduction in losses, boosting investor confidence. With revenues up thanks to increased trading activity and the return of retail investors, there’s a lot of positive buzz around the stock.
The volume during this breakout has been solid, indicating more buyers are coming in, and it’s finding support on the low-volume node below, further reinforcing its upward momentum. If this trend continues, reaching $25.50 seems like a real possibility. Overall, it’s an exciting time for HOOD!
HOOD Swing Idea - short-termNASDAQ:HOOD is triggering the 5/10 ema cross on the daily and looks good in this spot here.
I'd like to see it get over the 50d SMA (20.63 currently) for added confirmation. If it opens above, I'll be buying at market open.
Using the daily ATR of .98, my exits are as follows:
SL: 19.26
TP1: Trim at 21.36 (some intraday supply here)
TP2: 22.83 start of supply zone
TP3: 23.69 only if showing signs of strength through supply, and only runner(s).
Max Date: Market Open of 9/24.
^^^If SL or TP levels have not been hit by max date, I'll exit at that time.
What I'm buying:
I like the Sept27, 20.5c's, currently 1.06, or a safer version is the Oct 20c at 1.86.
1hr chart showing small supply zone
HOOD: In the midst of a breakdown...I've been patiently waiting to buy HOOD, but never felt comfortable with the price point. I think I'll finally get my opportunity!...
We are potentially half-way through a corrective wave that typically follows an impulse move upward. September, historically, has been known to be a down month.
I've charted what looks to be a textbook example of some Elliot Wave patterns currently developing. Starting in late 2023, until mid July 2024, we had a nice bull run. It's possible we've begun a significant correction phase (ABC), based on what fundamentally follows a bullish impulse move up (12345).
The possible next move may have already begun ("C"), the final corrective move downward. Should it occur, we can expect to reach the potential target of ~$12-13.
$12 to $13 has shown to be an important price range in the past, when it had shifted from resistance to support back in the beginning of the bull run in the early 2024.
Confirmations of Corrective Wave (ABC):
Wave A : The initial drop from the peak of Wave 5 to the bottom of Wave A, showing a significant correction.
Wave B : A retracement upward from the bottom of Wave A, but it doesn't surpass the high of Wave 5, which is typical in a correction.
Wave C : (UNCONFIRMED) The final leg downward, which appears to be in progress.
Good luck all...
$HOOD - What if?NASDAQ:HOOD There’s a chance that a head-and-shoulders pattern could form, but it’s still very early, and it may not materialize. The right shoulder hasn’t formed yet, and the neckline support at $17 would need to break to validate the pattern.
With the way HOOD is executing, I don’t think this will materialize, but you never know. Technicals often front-run events that could validate the scenario they’re predicting. It’s always good to keep the possibility in mind and plan for what to do if it does.
I’ll be buying if HOOD actually trades down to the targets shown on the chart, as long as the fall isn’t due to fundamental issues.
As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you.
$HOOD over 50 daily ema is bullish 🚨 #YUSUKE_ALERT for NASDAQ:HOOD 📊
📈 Technical Analysis:
- Current price: $21.16
- Trading above 50 EMA (purple line)
- Recently bounced off support at $19.85 (PT1)
🔑 Key Levels:
PT1: $19.85 (Support)
PT2: $21.30 (Resistance)
PT3: $21.84 (Extended target)
March 2024 High: $23.40 (Major resistance)
👀 What to Watch:
- Bullish momentum above 50 EMA
- Potential breakout above $22.05 resistance
- Volume increase to support upward move
🎯 Possible Strategies:
1. Long calls targeting $22.72 or $23.44
2. Bull call spreads (e.g. 21/23 spread) for defined risk
3. Buy shares with stop loss below $19.85 support
⚠️ Risk Management:
- Set stop loss below $19.85 for long positions
- Take partial profits at $22.72 (PT2)
- Be cautious of resistance at March 2024 high ($23.40)
Remember, NASDAQ:HOOD can be volatile! Manage your position size carefully. 💼🧠
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HOOD bullish reversalHOOD bullish reversal trend starting soon. Expecting it to reclaim support at $24 within the next few weeks if macros align before resuming bullish trend towards $30 into EOY.
Hood to 24$ soonHood had a pump out of the wedge and then dump like many of these wedges do. A massive pivot has taken place and I took advantage of this by adding to my September calls in the 14$ range. I am starting to sell covered calls against my LEAPs as well. I would love to see the 24$ target as this would be a massive swing trade for me.
-I expect at least 22$ by the first week of Sept preferably 24-25$
Robinhood Stock Rises 2.51% After Record ReportKey Takeaways:
- Robinhood's ( NASDAQ:HOOD ) stock rose 2.51% following its impressive Q2 earnings report, showcasing record earnings and revenue.
- Earnings per share (EPS) increased to $0.21, surpassing expectations, while revenue soared 40% to a record $682 million.
- Significant growth in transaction-based revenue and assets under custody highlights Robinhood's expanding influence in the financial services industry.
Robinhood Markets Inc. ( NASDAQ:HOOD ), the mobile-first brokerage known for revolutionizing retail trading, saw its stock rise by 2.51% following the announcement of its record-breaking Q2 earnings. The report highlights Robinhood's continued growth as a dominant player in the financial services sector, despite ongoing challenges in the broader market.
Record Earnings and Revenue Surpass Expectations
Robinhood's second-quarter performance was a standout, with earnings per share (EPS) climbing to $0.21, an increase of $0.18 from the previous year. This figure easily surpassed analysts' expectations, which had forecasted $0.16 per share. Revenue, too, hit a new high of $682 million, marking a 40% year-over-year increase and exceeding the $640 million anticipated by FactSet.
One of the most impressive aspects of Robinhood's financial performance was the 69% surge in transaction-based revenue, which reached $327 million. This growth was driven by a 43% jump in options revenue and a staggering 161% increase in cryptocurrency revenue. Robinhood's net interest revenue also rose 22%, benefiting from higher securities lending activity and rising short-term interest rates.
User Growth and Asset Expansion
Robinhood's platform continues to attract new users and assets, albeit with some challenges. The company reported a 57% increase in assets under custody, which reached $139.7 billion. Monthly active users (MAUs) grew by 9% to 11.8 million, although this fell short of the 13.45 million predicted by FactSet. Despite the slight miss, the company's average revenue per user (ARPU) rose by 35% to $113, indicating increased engagement and monetization of its user base.
The Robinhood Gold premium subscription service also saw significant growth, with subscribers increasing by 61% to 2 million. This rise reflects the company's success in upselling more advanced trading tools and services to its users, further enhancing its revenue streams.
Net deposits hit a record $13.2 billion, with an impressive annualized growth rate of 41%, showcasing the trust and confidence retail investors continue to place in the platform.
Challenges and Opportunities:
While Robinhood's Q2 performance was impressive, the company faces challenges, particularly in its stock price movement and upcoming ventures. The stock has been in a steep downtrend since mid-July, despite being up 34% for the year through Wednesday. The shares are currently testing support at their 200-day moving average, a critical technical level that could determine their short-term direction.
Looking ahead, Robinhood's entry into futures trading represents a significant opportunity and a potential risk. The company has not yet disclosed its fee structure for futures trading, but the higher costs associated with executing these complex financial products could lead to the introduction of fees. This move might be met with caution by Robinhood’s user base, which has grown accustomed to commission-free trading. J.P. Morgan analysts have suggested that this development could be pivotal in Robinhood's evolution into a full-fledged financial services provider.
Conclusion
Robinhood's strong Q2 results and expanding service offerings is a testament to its growing influence in the financial industry. The company's ability to consistently exceed expectations, both in terms of earnings and revenue, speaks to its robust business model and its appeal to a wide range of retail investors. However, as Robinhood continues to innovate and introduce new products, it must carefully navigate the challenges that come with growth, including maintaining user trust and managing costs. The future looks promising for Robinhood, but the path forward will require strategic planning and execution to sustain its momentum in a competitive market.
$HOOD Head and Shoulders topping pattern after earningsHas a gap to fill quite far down but bears look hungry to take this one down after a great run so far in 2024
What’s under the $HOODFeel bad not buying at $10 what an easy 100%
Stock trading platform for retail investors adding features. Ran hard at IPO, and has now moved up tot eh next fib level and is trying to break through.
Strong consolidation under fib. Looking for a jump at earning.
Target price is hard here. It hasn’t spent much time above $20…… is it possibly it eventually heads back to all time highs in a year? I don’t see why it couldn’t.
I’m looking for the trading platform that incorporates AI suggestions. It won’t be E*trade as E*Trade is garbage.
This is looking like a long. It’s in a great regression channel too….. I like this one.
Not trade advice
Hood wedge updateOnce again, the wedges I track tend to explode outside of the wedge, pump for 2-5 days, then give almost the entire pump back to the market. My plan was a mixture of swing trading and option selling.
-I locked in my August trade for about 50% total
-My September calls remain intact which have a safer strike price for volatility reduction
-I plan to keep my LEAPS and continue to sell safer covered calls against them.
-I think we bounce off 22.3$
40% Increase on the horizonLets keep it simple. We flipped the VAH into support and continue to build value above, next area to test is the VAL above 40% higher. A nice pump is incoming and keep in mind, if the crypto market is bullish so is Robinhood.
Stay focused.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Robinhood Robinhood witnessed a strong rebound after forming a higher low at 21.72, to violate the last peak at 24.28, and the confirmation of this breakout by remaining above 24.28, will confirm the current uptrend, triggering further rises near 25.20 - 26.40 - 27.70 - 28.60 on short term.
The stop-loss lies below 22.75$.
the indicators are heading toward the positive side, which confirms the mentioned positive scenario.
The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
Hood contractionHOOD contracts leading into Aug 7 earnings. Note the bottoming stochastic RSI. I believe small caps are going to take control here after the recent bullish inflation print. I have a rather large weight bet in my smaller account on HOOD with a complex spread. My target leading into Aug 7 is 25-27$
The Setup (I noted that hood was the slowest to move for my option watchlist last Friday, so I took advantage)
2026 18$ LEAPs for continuous exposure to price action
-These will allow me to sell low delta covered-calls if earnings pumps the price, or I can simply hold these for capital appreciation
8/16 25$ calls (riskiest part of trade)
-These are a cheap way to lever my bet but I have to watch for the 21 theta decay ramp
-The goal with these is to fully exit on a pre-earnings rally, waiting until Aug 7 will cause too much theta decay
9/20 24$ calls
-These allow me to continue potential intrinsic value with the lower strike, less theta decay and more chance to capture rising implied volatility
7/19 and 7/26 22$ cash secured puts
-Since I am so bullish on small caps and hood is so popular I went for high delta premiums, I am fine with getting assigned here but my entries were so good I will likely capture most of the premium on these
HOOD 5 weeks in a row of closes in the $22 rangeHOOD price action getting very tight into earnings. Nice consolidation. Lets see what happens next.
Nothing but airRobinhood IPO'd during a period of dovish monetary policy and high retail speculation. It shortly after giga-nuked as retail speculation wrapped up to find a bottoming range between $6-$12 for a period of 2 years. The volume shelves are actually insane.
Whats next?
Robinhood has broken out in orderly fashion, but has not seen a parabolic rise yet.
A old narrative will likely drive Robinhood into price discovery - Speculation on the return of speculation.
These trends play out faster each macro cycle.
Jun 21 17C
Robinhoodon the daily chart, HOOD witnessed a strong rebound after forming a new higher low at 16.22$, to violate the resistance level at 19.44$, after BofA double upgraded Robinhood (HOOD) to Buy from Underperform. then remaining above 19.44$, will push the stock to test the last major peak at 20.55$, which is the level that needs to be violated, to confirm the major uptrend, which will trigger further rises near 21.70$ - 22.35$ - 23.25$ on the short term.
the indicators are heading towards the positive side, which confirm the mentioned positive scenario
Up-trend stocks: ROBINHOODUp-trend stocks, Break accumulated Phase, Market Structure Shift and Break Market Structure.
Volume Profile shows accumulation as Normal Distribution.
When the price can break up, it is a Buy on breakout and Buy on dip point all the way by framing the trend line channel.
Story Support: Robinhood to acquire crypto exchange Bitstamp in $200M deal.
Multi-Month Consolidation EndingI certainly like this consolidation and chart pattern much more than the company itself but 24/7 trading may help the outlook of what's going on here. Another perceived tailwind may be declining CPI --> more money for retail to spend trading, even though we all know overall USD purchasing power continues to decline regardless of YoY CPI decreases.
Previously, there had been M&A rumors but that seems to have all but died down when SBF/FTX blew up. The DoJ seized 55 million shares of HOOD in January, so something else to keep in mind for this trade.
HOOD: Up Trend & Rising ChannelIn the Chart we can see that HOOD NASDAQ:HOOD
Long term Up Trend.
Rising channel Pattern.
N.B. A small down trend may be seen here.
Resistance : 22.03
Support : 16.48
*If you need more technical or fundamental analysis, you can inform me.
Great Momentum Swing Trade Set UpSetup based on Qullamaggie's style of trading.
Looks like a similar setup is in the works currently but on a smaller scale
Hood Super Performance Candidate RS Rating of 98
Moving Averages Displaying a healthy uptrend
Breaking out of a base after 2 years
I have reasons this security price could increase
