Why ROBINHOOD MARKETS INC - A (NASDAQ:HOOD) qualifies as a high growth stock.

ROBINHOOD MARKETS INC - A (NASDAQ:HOOD) has been identified as a Technical Breakout Setup Pattern by our stock screener. This pattern typically occurs when a stock takes a pause after a significant rise, indicating the possibility of a continuation in the trend. While it's impossible to predict with certainty, it might be beneficial to monitor NASDAQ:HOOD.

Technical Analysis Observations

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

Taking everything into account, HOOD scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HOOD is showing a nice and steady performance.

• The long and short term trends are both positive. This is looking good!
• When comparing the yearly performance of all stocks, we notice that HOOD is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, HOOD also shows a nice and consistent pattern of rising prices.
• HOOD is one of the better performing stocks in the Capital Markets industry, it outperforms 96% of 221 stocks in the same industry.
• HOOD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HOOD is lagging the market slightly.
• HOOD is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Check the latest full technical report of HOOD for a complete technical analysis.

Looking at the Setup

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, NASDAQ:HOOD has a 8 as its setup rating, indicating its current consolidation status.

Besides having an excellent technical rating, HOOD also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 22.42, a Stop Loss order could be placed below this zone.

Looking into the high growth metrics of ROBINHOOD MARKETS INC - A

• The recent financial report of ROBINHOOD MARKETS INC - A demonstrates a 600.0% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• ROBINHOOD MARKETS INC - A has demonstrated strong q2q revenue growth of 40.33%, suggesting a favorable trend in the company's financials and indicating the potential for continued expansion.
• With notable 1-year revenue growth of 34.17%, ROBINHOOD MARKETS INC - A exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for future growth.
• ROBINHOOD MARKETS INC - A has seen a 49.48% change in the average next Quarter EPS Estimate by analysts over the last 3 months, signaling the shifting perception of the company's EPS outlook.
• In the most recent financial report, ROBINHOOD MARKETS INC - A reported a 600.0% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• The earnings per share (EPS) growth of ROBINHOOD MARKETS INC - A are accelerating: the current Q2Q growth of 600.0% is above the previous year Q2Q growth of 109.0%. Earnings momentum and acceleration are key for high growth systems.
• With a favorable trend in its operating margin over the past year, ROBINHOOD MARKETS INC - A demonstrates its ability to enhance profitability through efficient operations. This growth reflects the company's focus on optimizing its cost structure.
• The free cash flow (FCF) of ROBINHOOD MARKETS INC - A has seen steady growth over the past year, indicating enhanced cash flow generation and financial health. This trend underscores the company's effective capital management and its ability to generate sustainable cash flows.
• ROBINHOOD MARKETS INC - A exhibits a favorable Debt-to-Equity ratio at 0.71. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
• With institutional shareholders at 75.24%, ROBINHOOD MARKETS INC - A demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.
• With a track record of beating EPS estimates in the last 4 quarters, ROBINHOOD MARKETS INC - A showcases its consistent ability to deliver earnings surprises. This reflects the company's strong execution and its competitive position in the market.
• ROBINHOOD MARKETS INC - A has achieved an impressive Relative Strength (RS) rating of 95.48, showcasing its ability to outperform the broader market. This strong performance positions ROBINHOOD MARKETS INC - A as an attractive stock for potential price appreciation.

More ideas for high growth momentum breakouts can be found on ChartMill in our High Growth Momentum Breakout screen.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.