Want to know the current price of Robinhood Markets and what’s next for HOOD stock? On this page, we share the latest news about Robinhood Markets and provide tips on buying stocks. You can also view the latest Robinhood Markets Forecast for 2022 and 2023 from our experts.
Should you buy or sell Robinhood Markets shares today? To what levels can the shares of this company rise in a year, two, three? How much will Robinhood Markets be worth in 2021, 2022, 2023? We have been making currency rate forecasts for a long time, and we can also predict the behavior of the stock market using technical analysis and simple indicators.
We also take into account the technical, fundamental analysis of stocks, the news background, the general geopolitical situation in the world and other, smaller factors. The stock forecasts indicate target levels for HOOD stock, both up and down.
Robinhood Markets Forecast for 2022 and 2023
Quotes of Robinhood Markets continue to move as part of the decline and the formation of the “Wedge” model. Moving averages indicate a short-term bearish trend in HOOD stock. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of securities and a likely continuation of the fall in the near future. At the time of publication of the forecast, the cost of shares of Robinhood Markets is 44.50 per share. As part of the forecast, we should expect an attempt to develop a fall and test the support level near the area of 38.55. Further, the price bounces up and the continued rise in the value of securities. The potential target of such a movement in shares is the area above the level of 70.05 already in 2021, 2022, 2023.
An additional signal in favor of the growth of Robinhood Markets quotes will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the “Wedge” reversal pattern. Cancellation of the option to raise the price of HOOD shares will be a fall and a breakdown of the level of 35.00. This will indicate a breakdown of the lower boundary of the model, in which case we can consider the continuation of the decline in securities to the area at the level of 15.05. It is worth waiting for confirmation of the rise in shares with a breakdown of the resistance area and closing above the level of 50.05, which will indicate a breakdown of the upper border of the “Wedge” model and the beginning of this pattern.
Robinhood Markets Forecast for 2022 and 2023 suggests an attempt to develop a decline and test the support area near the level of 38.55. Where should we expect a rebound and an attempt to continue the rise of shares in the area above the level of 70.05. In favor of the growth of securities, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the HOOD rise option will be a fall and a breakdown of the level of 35.00. This will indicate a breakdown of the lower border of the bullish channel and a continuation of the fall in value to the area below the level of 15.05.
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