• Robinhood (HOOD) shows strong technical momentum, hitting a new 52-week high on Wednesday, June 25.

• HOOD has a 100% technical “Buy” signal via Barchart.

• Shares are up more than 270% over the past 52 weeks and have more than doubled in the year to date.

• Fundamentals reveal robust revenue growth projections, though earnings are expected to dip this year before they rebound next year.

Today’s Featured Stock:

Valued at $73.3 billion, Robinhood Markets (HOOD) is a registered broker dealer that provides brokerage clearing services and cryptocurrency trading, among other things.

What I’m Watching:

I found today’s Chart of the Day by using Barchart’s powerful screening functions. I sorted for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. HOOD checks those boxes. Since the Trend Seeker signaled a buy on April 25, the stock has gained 67.34%.

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HOOD Price vs. Daily Moving Averages:

Barchart Technical Indicators for Robinhood:

Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.

Robinhood shares hit a new 52-week high on June 25, touching $85.55 in intraday trading.

• Robinhood has a 100% technical “Buy” signal.

• The stock recently traded at $82.75, above its 50-day moving average of $61.89.

• HOOD has a Weighted Alpha of +263.97.

• The stock has gained 271.33% over the past year.

• HOOD has its Trend Seeker “Buy” signal intact.

• Robinhood is trading above its 20, 50 and 100-day moving averages.

• The stock has made 10 new highs and gained 31.1% in the last month.

• Relative Strength Index is at 74.03%.

• The technical support level is $81.25.

Follow the Fundamentals:

• $73.3 billion market cap.

• Trailing price-earnings ratio of 63.3.

• Revenue is projected to grow 23.93% this year and another 16.17% next year.

• Earnings are estimated to decrease 19.62% this year but increase by 17.56% next year.