Robinhood's stock price, which has rebounded nearly 23% since February 5, faces potential downside risks due to weak crypto activity and technical challenges. Despite posting a record financial year with $4.5 billion in revenue and $1.9 billion in net income, the company's Q4 sales missed analyst estimates by $50 million, largely due to a 38% drop in crypto revenue.
The stock fell 7% in extended trading post-earnings, highlighting investor concerns over crypto's impact. Technical indicators, such as the Chaikin Money Flow and potential "death cross" in moving averages, suggest fading confidence among big investors. A break below the $71 support level could lead to a further 40% decline, with key resistance levels at $87, $98, $107, and $119.
Robinhood Faces 40% Stock Price Risk Amid Crypto Weakness
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