HOOD inventory worth rose barely as we speak because the equities market rallied, and after the Donald Trump administration chosen Robinhood to run the brand new Trump accounts for kids. Robinhood was buying and selling at $70, a couple of factors above the year-to-date low of $63.70.
Robinhood to Run Trump Accounts
The Trump administration has chosen Robinhood and BNY Mellon to run Trump accounts, which is able to accumulate billions of {dollars} within the subsequent many years. In response to the Treasury, BNY will handle the preliminary accounts and assist the federal government to construct an software.
Robinhood will act because the brokerage and preliminary trustee for the service, a transfer that will finally make it tens of millions of {dollars} in incremental income sooner or later.
This system was launched as half to the Massive Lovely Invoice, which handed final yr. Trump accounts permit dad and mom to open accounts for his or her youngsters who’re born between January 1 2025, and the top of 2028, with the federal government seeding them with $1,000.
Some firms and people have joined this system, with Michael Dell pledging $6.25 billion. BNY Mellon, Robinhood, Mastercard, JPMorgan Chase, and SoFi have additionally joined this system.
The brand new service comes as Robinhood has continued to diversify its enterprise. It has embraced the idea of tokenization by launching tons of of tokenized shares in Europe and different international locations.
Robinhood not too long ago debuted its Ventures program within the New York Inventory Change, permitting traders to realize publicity to non-public firms like Revolut and Stripe.
Moreover, Robinhood has develop into a serious participant within the crypto trade, the place customers can purchase digital cash on its platform and Bitstamp, an organization it acquired final yr. It additionally not too long ago launched banking options via a partnership with Coastal Neighborhood Financial institution and a prediction market.
Robinhood’s enterprise has been rising up to now few years, and in 2025, it entered the blue-chip S&P 500 Index. Its annual income has jumped from simply $256 million in 2021 to over $1.5 billion final yr.
HOOD Inventory Worth Technical Evaluation
The each day timeframe chart exhibits that the HOOD inventory has been in a downward pattern up to now few months.
Nevertheless, there are indicators the downtrend is nearing its finish. For one, the inventory’s Common Directional Index (ADX) has dropped from 42 in February to 34 as we speak. A falling ADX indicator is an indication that the downtrend is fading.
The inventory can be forming a falling wedge chart sample, which is made up of two descending and converging trendlines.
Due to this fact, the Robinhood inventory worth will doubtless have a robust bullish breakout within the close to time period. If this occurs, the subsequent key goal to observe will likely be at $84, its highest level in March. This goal is about 22% above the present degree. The bullish outlook will develop into invalid if it strikes beneath $63.70.
