Robinhood Stock Holds Bullish Trend As Q4 Earnings Approach

Robinhood Markets Inc HOOD will report its fourth-quarter earnings on Wednesday. Wall Street expects 43 cents in EPS and $944.62 million in revenues as the company reports after market hours.

The stock is up 359.83% over the past year, 40.03% YTD.

Robinhood’s Q4 Earnings Loom As Big Players Cash Out

Robinhood is heading into its fourth-quarter earnings with a flurry of insider and institutional moves that have investors on edge. Cathie Wood's Ark Invest just trimmed its Robinhood stake, offloading 79,267 shares via the ARK Next Generation Internet ETF ARKW – yet Ark's continued engagement suggests it's not tapping out on the stock just yet.

Meanwhile, Robinhood co-founder and director Baiju Bhatt cashed in on $5 million worth of options ahead of the earnings release, adding another layer of intrigue. With analysts expecting a solid revenue jump, all eyes are now on whether Robinhood can live up to the hype—or if these high-profile sales signal caution.

Let’s look at what the charts indicate for Robinhood stock and how the stock currently maps against Wall Street estimates.

Read Also: Top Wall Street Forecasters Revamp Robinhood Price Expectations Ahead Of Q4 Earnings

HOOD Stock Strongly Bullish Ahead Of Q4 Earnings

HOOD stock is currently in a strongly bullish trend, with its share price above the key five-day, 20-day and 50-day exponential moving averages. However, despite this bullish positioning, the stock is experiencing selling pressure, which signals a potential risk of future bearish movement.

Chart created using Benzinga Pro

HOOD stock, at $54.70, trades above the 8-day simple moving average (SMA) of $54.00, the 20-day SMA of $51.33 and its 50-day simple moving average of $44.22, both of which suggest a bullish technical outlook.

Additionally, the 200-day SMA of $28.30 further confirms the long-term upward trend. The Moving Average Convergence Divergence (MACD) indicator at 3.36 also suggests a bullish outlook for HOOD stock. However, with a Relative Strength Index (RSI) of 64.17, the stock is gradually approaching overbought territory, implying that investors should stay cautious of potential short-term volatility.

Robinhood Analysts See 7% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Robinhood stock stands at a Overweight currently with a price target of $44.63. Mizuho, KeyBanc and Barclays’ latest ratings suggest a 6.78% upside for HOOD stock, with a $58.67 average target.

HOOD Stock Price Action: HOOD stock was trading 4.6% higher at $55.82 at the time of publication Wednesday.

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