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Robinhood (HOOD) Stock Exceeds Bullish Target And Hits $67

Konstantin Kaiser•Wednesday, February 19, 2025•2 min read
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Robinhood (HOOD) stock has recently surpassed our bullish target, breaking through the golden ratio resistance at $57 and reaching a new high of $67. Will Robinhood continue to surge from here?

Robinhood (HOOD) Stock Reaches $67; More Upside To Come?

Robinhood (HOOD) stock has broken the golden ratio resistance at $57 in the short-term, but it still needs to close above this level for the month. Should the bullish momentum persist, Robinhood could potentially make its way back to its all-time high (ATH) of $85.

The stock has experienced remarkable growth over the last six months, skyrocketing by more than 745 % since November. In the past three months alone, it surged by nearly 80 %. Moreover, the histogram of the MACD indicates a strong uptrend on the monthly chart, with the MACD lines still bullishly crossed, while the RSI is approaching overbought levels.

Robinhood
Robinhood

Weekly Histogram Starts To Lose Bullish Momentum

On the weekly chart, the MACD lines remain crossed bullishly, suggesting the continuation of the uptrend. However, the histogram of the MACD has started to tick bearishly lower this week, hinting at a potential weakening of momentum. Additionally, the RSI is approaching overbought territory but has yet to display a bearish divergence.

If Robinhood continues its upward trajectory and reaches its all-time high (ATH) at $85, this would indicate an upward potential of approximately 28%.

Robinhood
Robinhood

Robinhood (HOOD): Key Support Levels To Watch

If Robinhood undergoes a correction, the stock would likely find significant support at $44.4 and $29. Furthermore, the 50-day EMA at $47 and the 200-day EMA at $32 offer additional support levels.

On the daily chart, the indicators lean bullish, albeit with some caution. The MACD lines and EMAs remain bullishly crossed, confirming the trend in the short- to medium-term. The RSI is neutral, giving no clear directional bias. Nonetheless, Robinhood appears to be initiating a corrective move today, and before testing lower Fib support levels, it may first find short-term support at the previously broken golden ratio level of $57.

Robinhood
Robinhood

Similar Outlook on the 4H Chart For Robinhood (HOOD)

On the 4-hour chart, Robinhood’s indicators reflect a similar bullish outlook. The EMAs and MACD lines remain bullishly crossed, confirming upward momentum in the short-term. The RSI is neutral, with no signs of a bearish divergence. However, the MACD histogram is starting to lose some bullish momentum, indicating a potential slowing in the immediate rise.

In summary, the outlook for Robinhood remains highly bullish, with a possible rise to the all-time high (ATH) of $85. However, a short-term correction could unfold, making the next key support levels critical to watch. These levels could present an ideal entry point for bullish traders, but if broken bearishly, they could invalidate the current bullish trend.

Robinhood

Robinhood
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ABOUT THE AUTHOR See More
Konstantin Kaiser
Konstantin Kaiser
Financial Writer and Market Analyst
Konstantin Kaiser comes from a data science background and has significant experience in quantitative trading. His interest in technology took a notable turn in 2013 when he discovered Bitcoin and was instantly intrigued by the potential of this disruptive technology.
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