hood long breakoutsl 18.40 target arround 28 (last move 10 dollars , breakout on good earnings being building up . good ep
HOOD trade ideas
Robinhood's Earning's Preview: Dissecting the Q1 2024 ResultsRobinhood ( NASDAQ:HOOD ) has achieved record revenues and profitability in Q1 2024, driven by growth in cryptocurrency, options, and equities trading. The company's earnings report for Q1 2024 showed a 40% increase in total net revenues, primarily driven by transaction-based revenues. Cryptocurrency trading revenues soared by 232% to reach $126 million, reflecting the growing popularity of this market among retail investors. Options trading also contributed significantly to transaction-based revenues, generating $154 million, a 16% increase compared to the previous year. Equities trading revenue increased by 44% to reach $39 million.
Robinhood's profitability metrics showed remarkable improvement, with a net income of $157 million for Q1 2024, compared to a net loss of $511 million in Q1 2023. Adjusting for non-recurring items, Robinhood's Adjusted EBITDA soared by 115% year-over-year to reach $247 million.
Robinhood's user base data showed a year-over-year increase of 810,000 Funded Customers, investment accounts, and assets under custody (AUC) reaching 24.9 million. The company's average Revenue Per User (ARPU) increased by 35% year-over-year to $104, demonstrating its ability to monetize its growing user base effectively. Robinhood Gold, the company's premium subscription service, also experienced substantial growth, with subscribers reaching a new high of 1.7 million, representing a 42% increase compared to the previous year.
Robinhood's Q1 2024 financial report showcased impressive growth and customer engagement, highlighting the company's strategic initiatives to drive growth and solidify its position as a leading financial services provider. The company has focused on expanding its product offerings, exploring new markets, and innovating its platform to cater to evolving user needs. Robinhood Gold, its premium subscription service, is a key driver of customer engagement and revenue growth. The company announced the launch of a 1% unlimited deposit boost for Gold subscribers and introduced the Robinhood Gold Card, a credit card exclusively for Gold subscribers.
Robinhood ( NASDAQ:HOOD ) has also expanded its offerings to recognize the growing demand for retirement planning tools, with the 3% retirement transfer match promotion attracting over $4 billion in retirement assets transferred from competing brokerage firms. International expansion remains a key element of Robinhood's growth strategy, with full availability in the United Kingdom in March 2024. Robinhood's 24-hour Market has extended trading access for customers, resulting in record overnight trading volumes.
However, Robinhood ( NASDAQ:HOOD ) faces potential risks and regulatory headwinds that could impact its future growth and profitability. Regulatory scrutiny, particularly regarding cryptocurrency trading operations, is a significant concern. The company's reliance on the Payment for Order Flow (PFOF) model presents a potential vulnerability, as regulatory changes or potential bans on PFOF could disrupt this revenue stream and necessitate adjustments to Robinhood's business model.
Market volatility poses a challenge for Robinhood ( NASDAQ:HOOD ), as fluctuations in asset prices and trading volumes can impact transaction-based revenues. The company must remain adaptable and responsive to changing market conditions to mitigate these risks and ensure sustainable growth.
Technical Outlook
Robinhood stock ( NASDAQ:HOOD ) is up 1.5% trading within the 50-day Moving Average (MA) with a Relative Strength Index (RSI) of 55.78 which is moderate and prime for further surge.
Strategic Insights for Robinhood Markets, Inc. (HOOD)As of the latest market close, Robinhood Markets, Inc. (HOOD) is trading at $17.30, down by 3.08% from the previous close. The stock exhibits significant volatility, reflected by the trading volume of 51.21 million shares, substantially higher than the average volume of 12.34 million over the past 30 days. The current market capitalization stands at $15.24 billion.
The Stochastic RSI indicates overbought conditions with a close at 89.79, suggesting potential for a price correction.
The Relative Strength Index (RSI) is neutral at 49.11, reflecting a balanced momentum with a slight bearish inclination.
The MACD level is 0.00, with the signal line slightly higher, indicating a bearish crossover. The histogram shows minor bearish momentum, suggesting caution for long positions in the short term.
The price is trading within the Ichimoku Cloud, indicating indecisiveness in the market. The future cloud is bearish, suggesting potential downward pressure in the coming sessions.
Current price is near the pivot point (P) at $17.70. Key support levels are at S1 ($15.25) and S2 ($14.01), while resistance levels are at R1 ($18.94) and R2 ($21.39).
The stock is trading near the 10-day EMA ($17.55) and the 20-day EMA ($17.57), both indicating a 'Sell' signal. Longer-term moving averages (50, 100, 200-day) suggest mixed signals with potential for a short-term decline.
CCI (20) is at -12.03, indicating that the stock is currently neither overbought nor oversold but is leaning towards the lower end of the neutral zone.
Momentum (10) is slightly positive at 0.18, but the Awesome Oscillator is negative at -0.12, suggesting weak bullish momentum that could reverse quickly.
Price Action and Patterns:
Recent price action shows a consolidation phase between $17.00 and $18.00. The stock has formed a descending triangle pattern, indicating potential bearish continuation if the price breaks below the support level of $17.00.
Over the past month, the stock has declined by 7.29%, while showing a substantial gain of 35.79% over the past six months, indicating a potential for profit-taking.
Earnings and Fundamental Indicators:
Next earnings report is in 82 days. Basic EPS (TTM) is 0.15, with a high P/E ratio of 122.68, suggesting the stock might be overvalued.
Long Position: Consider entering a long position if the price breaks above $18.94 (R1) with a target of $21.39 (R2) and a stop loss at $17.00 to manage downside risk.
Short Position: A short position could be viable if the price breaks below $17.00 with a target of $15.25 (S1) and a stop loss at $18.00.
Speculative Price Target:
Bullish Scenario: If bullish momentum prevails, a price target of $20.30 within the next quarter is feasible, representing a 17.34% increase from the current level.
Bearish Scenario: A breakdown below $17.00 could see the stock testing $14.01, a critical support level.
Given the mixed signals from technical indicators and the current market conditions, a cautious approach is recommended. Monitor the stock closely for a breakout above $18.94 for long positions or a breakdown below $17.00 for short positions. Use tight stop losses to mitigate risks given the current market volatility.
Long Position Stop Loss: $17.00
Short Position Stop Loss: $18.00
This analysis provides a balanced view with clear entry and exit points, aiming to assist traders in making informed decisions based on current technical conditions and market sentiment.
Robinhood Gain as Retail Trading Rebound Powers Record QuarterRobinhood shares ( NASDAQ:HOOD ) rose after the retail brokerage reported stronger-than-expected first-quarter results, with net income of $157 million, or 18 cents per share, and record revenue of $618 million. Cryptocurrency transactions accounted for $126 million in revenue in the quarter. The company's earnings per share and revenue numbers were both records for the firm, and the stock jumped more than 5% in after-hours trading. Robinhood ( NASDAQ:HOOD ) surged in popularity during the Covid-19 pandemic in 2020 and 2021, but has since seen user activity and revenue mirroring market action.
Regulatory uncertainty has clouded the future of the company's cryptocurrency business, with the U.S. Securities and Exchange Commission issuing a Wells Notice to the company, signaling potential legal enforcement action over the company's cryptocurrency business.
Robinhood's chief legal, compliance and corporate affairs officer, Dan Gallagher, expressed disappointment in the SEC's decision and believes that the crypto assets on its platform are not legally securities. The company reported a year-over-year increase in funded customers to 23.9 million and assets under custody to $129.6 billion.
5/8/24 - $hood - not much juice left into this print, caution5/8/24 - vrockstar - look guys i think the UX rocks, the 3% IRA carrot was genius and overall... this "is" a better way to do banking/ crypto/ trading. not going to short the stock, but a lot of this positive stuff is defn incorporated since last EPS where the stock ran nearly 100% and it's realistically "just" off it's highs. even if we assume 50c of EPS power, it's not growing 100% yoy so you're paying over 30x PE for this? Not my cup of tea. Where I struggle is that any less than stellar result in this tape are getting absolutely rekt and any beats are seeing retraces at the open, so at this valuation you need an absolutely SMASHING result and once again, the stock somewhat prices this in. I tend to think the risk reward is probably skewed more negatively here, so wanted to post a note for my own reference. i'd be a buyer back near that gap fill in the $12s. If we do see a pop on "good" but not "stellar" results - would be a good oppty to resize your risk here IMO, or sell some C's for IV.
HOOD need more volume to see any upside momemtHood may see 17.35 before it makes any further moment, this can happen either today or tomorrow after earnings very much careful it may be dumped like may others due to ongoing news.
SEC issues Robinhood Crypto with Wells NoticeRobinhood ( NASDAQ:HOOD ) Markets has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) citing alleged securities violations. The crypto unit of Robinhood Markets, Robinhood Crypto, received the notice on May 4. The SEC staff has made a preliminary determination to recommend an enforcement action against Robinhood Crypto, alleging securities violations. Robinhood Markets, Inc., ( NASDAQ:HOOD ) Chief Legal, Compliance and Corporate Affairs Officer, Dan Gallagher, expressed disappointment that the agency has decided to issue a Wells Notice related to their U.S. crypto business.
Last year, Robinhood ( NASDAQ:HOOD ) Markets said it had received an investigative subpoena from the SEC related to listings of cryptocurrencies. The SEC has previously targeted decentralized crypto exchanges like Uniswap and Coinbase, and Ethereum development studio Consensys. Consensys later moved to sue the SEC, arguing that regulating ether as a security would jeopardize the U.S.'s ability to use Ethereum and other blockchains. The implications of regulating ether as a security would extend beyond digital asset trading, jeopardizing the future of innovations, products, and U.S. jobs that the next generation of the Internet will unleash.
Robinhood BearishNASDAQ:HOOD Seems to have reached a local top and is due for a retest of the lower fin levels before picking upwards again. Expecting the stock to fall to 14$ (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
📈🚀 Robinhood (HOOD) Growth Analysis 📊💰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 billion.
Revenue Diversification:
Subscription revenue, particularly from Gold membership, saw a 25% increase in Q4 and is expected to rise further with continued advertising and promotions.
Trade Projection:
Bullish stance above $14.50-$15.00.
Upside target of $28.00-$30.00 reflects potential growth and value appreciation as Robinhood expands its user base and revenue streams.
📈💡 Stay tuned for HOOD's growth trajectory! #Robinhood #FinancialIndustry 🚀📊
HOOD EARNINGS CHART, THE LITTLE FEATHER THAT COULDHood 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 small guideline for a potential path, but there are many, focus on the price targets and trends.
And again, 8.45 is a really strong price support target.
Good luck.
Where my hood at part 2First 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.
HOOD Short: Peak reachedI 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: From Accumulation to Breakout? 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.
Robinhood long 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.
Still trending upward?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 post earnings continuation LONGHOOD 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 a long position here at the beginning of another quarter while rate cuts may
trading and HOOD's current trend. The trend is forecasted to continue. I see a Doji candle
as suitable for the long entry.
Where my Hood atHood 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.
Bullish on HOODHOOD had solid earnings, and broke a key trend on the weekly. This looks EXTREMELY bullish!
Not financial advice, good luck to all :)
HOOD SEEMS PRETTY BULLISH BUT NEEDS TO MAKE A HL Hood looks bearish short term in order to make higher low to strengthen the uptrend.
Robinhood Stock Surge Amidst New Credit Card LaunchRobinhood 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 comprehensive financial platform for the modern consumer.
The Robinhood Gold Card, exclusively available to members of the firm's subscription-based Gold program, is set to redefine the credit card experience. Offering unparalleled benefits with no annual fees or foreign transaction charges, the card boasts an impressive 3% cashback on all categories of purchases. This generous rewards structure eclipses competitors like JPMorgan Chase & Co.'s Chase Sapphire Reserve, which limit similar rewards to select transactions.
Robinhood's CEO, Vlad Tenev, expressed ambitious aspirations for the Gold Card, stating, "Our goal is to enter this market in a big way." Tenev emphasized the company's commitment not merely to introduce a credit card, but to pioneer a product that sets industry standards and propels financial innovation forward.
Market response to Robinhood's ( NASDAQ:HOOD ) announcement has been overwhelmingly positive, with the company's shares skyrocketing by 6.9% to $20.61 in early trading following the news. This surge builds upon an already impressive trajectory, with Robinhood's stock rising by 51% through the close of trading on Tuesday, far outpacing the broader market.
However, the Gold Card launch represents only one facet of Robinhood's strategic evolution. The company has been steadily diversifying its offerings, transcending its origins as a retail brokerage service. Last year, Robinhood unveiled a retirement product, signaling its commitment to long-term financial planning. The response has been remarkable, with over 500,000 Robinhood retirement accounts opened by the end of last year, boasting deposits totaling $1.7 billion. This figure has since surged to over $3 billion by February, underscoring the growing trust and engagement of Robinhood's customer base.
Central to Robinhood's expansion into the credit card space is its acquisition of credit card issuer X1 Inc. for approximately $95 million. With co-founder Deepak Rao assuming the role of general manager of credit cards for Robinhood, the company is well-positioned to navigate the complexities of the credit card industry and drive the Gold Card rollout to new heights.
The introduction of the Robinhood Gold Card marks a pivotal moment in the company's trajectory, solidifying its transition from a trading app to a financial powerhouse. By offering innovative financial products with customer-centric features, Robinhood is redefining the way consumers engage with their finances, setting the stage for a new era of financial empowerment and accessibility.
Technical Outlook
Robinhood stock ( NASDAQ:HOOD ) is trading above the 200-day Moving Average with a positive Relative Strength Index (RSI) of 69.70 indicating further price breakthrough.
In an increasingly competitive landscape, Robinhood's bold vision and relentless pursuit of innovation are reshaping the future of finance, empowering individuals to take control of their financial destinies like never before. As the Gold Card rollout gains momentum, Robinhood's journey toward becoming a holistic financial platform is poised to revolutionize the industry and redefine the expectations of modern consumers.
