HOOD Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Growing trading volumes and rising user engagement, alongside strategic partnerships in the crypto space, could propel HOOD's growth, potentially breaking into the $35-$40 range as investor sentiment shifts positively.




Bearish Case: Persisting macroeconomic challenges and regulatory scrutiny could stifle growth, potentially dragging HOOD back towards $25 or lower as volatility remains elevated, especially with a high implied volatility forecast.




Potential Outcomes:

1) Improved trading fundamentals (30%);

2) Ongoing macro issues (50%);

3) Strategic partnerships boosting investor confidence (15%);

4) Regulatory setbacks harming growth (5%).




Trading Oracle: Sign Up to access trading oracle trade ideas.



November 12, 2024


Robinhood Markets Forecast

HOOD        Robinhood Markets











Correlated Assets

Assets that tend to move strongly with HOOD



SPXL Forecast + Options Trading Strategies   SPXL  Direxion Daily S&P 500 Bull 3X Shares (0.95)


AIQ Forecast + Options Trading Strategies   AIQ  Global X Funds - Global X Artificial Intelligence & Technology (0.95)


SPLG Forecast + Options Trading Strategies   SPLG  SPDR Series Trust - SPDR Portfolio S&P 500 (0.95)


SSO Forecast + Options Trading Strategies   SSO  ProShares Ultra S&P500 (0.95)


BAC Forecast + Options Trading Strategies   BAC  Bank Of America (0.94)



Uncorrelated Assets

Assets with little price relationship to HOOD



RRR Forecast + Options Trading Strategies   RRR  Red Rock Resorts (0.01)


JNJ Forecast + Options Trading Strategies   JNJ  Johnson & Johnson (-0.01)


AKBA Forecast + Options Trading Strategies   AKBA  Akebia Therapeutics (0.02)


GPRK Forecast + Options Trading Strategies   GPRK  Geopark (-0.02)


DDOG Forecast + Options Trading Strategies   DDOG  Datadog (0.02)



Anticorrelated Assets

Assets that tend to move strongly against HOOD



EWZ Forecast + Options Trading Strategies   EWZ  iShares MSCI Brazil (-0.85)


DAVA Forecast + Options Trading Strategies   DAVA  Endava plc (-0.85)


VSAT Forecast + Options Trading Strategies   VSAT  Viasat (-0.88)


COUR Forecast + Options Trading Strategies   COUR  Coursera (-0.9)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.95)









Become a more profitable investor with AI optimized trading strategies






×

Chat with HOOD


 Ask any question about HOOD!