Robinhood is in the midst of a bearish reversal, says Carter Worth

Carter Worth goes through the charts on the online brokerage.

Robinhood is in the midst of a bearish reversal, says Carter Worth

TL;DR

  • Robinhood stock (HOOD) is in a "bullish-to-bearish" reversal.
  • The stock is projected to fall to the $100+/- level.
  • HOOD has shown poor relative performance compared to the S&P 500.
  • The stock has stalled after a 419% gain between April 7 and October 6.
  • Analysts are recommending selling the stock.