Online trading platform Robinhood (HOOD) has been judged to be on the verge of a “bull-to-bear” reversal. According to our research, the stock price will likely head towards the $100 +/- level. Note the poor performance relative to the S&P 500 in later periods. Also, watch out for a tariff-related selloff if the stock is currently trading in relation to a clear uptrend line that has been in effect since early April. We are sellers here and expect the trend to break in the coming days and weeks. The stock price hit a low of $29.66 on April 7th and a high of $153.86 on October 6th. This is an increase of 419% in six months. Since then, HOOD has stalled and rolled over. The two graphs below speak for themselves. sell. Target price: $100+/-. Disclosure: All opinions expressed by CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, its parent or affiliate companies, and may have been previously disseminated on television, radio, the Internet, or another medium. The above is subject to our Terms of Use and Privacy Policy. This content is provided for informational purposes only and does not constitute financial, investment, tax, or legal advice or a recommendation to purchase any securities or other financial assets. The Content is general in nature and does not reflect any individual’s unique personal circumstances. The above may not be appropriate for your particular situation. Before making any financial decisions, you should strongly consider seeking the advice of your own financial or investment advisor. Click here for full disclaimer.
