HOOD’s stock price rose slightly today as the stock market rose, and after Donald Trump’s administration chose Robinhood to manage the Trump children’s new accounts. Robinhood was trading at $70, a few points above its year-to-date low of $63.70.
Robinhood to manage Trump’s accounts
The Trump administration has chosen Robinhood and BNY Mellon to manage Trump’s accounts, which will accumulate billions of dollars in the coming decades. According to the Treasury Department, BNY will manage the initial accounts and help the government create an application.
Robinhood will serve as the brokerage and primary custodian for the service, a move that could ultimately generate millions of dollars in additional revenue in the future.
The program was launched as part of Big beautiful billwhich passed last year. Trump accounts allow parents to open accounts for their children born between January 1, 2025 and the end of 2028, with the government giving them $1,000.
Some companies and individuals have joined the program, with Michael Dell pledging $6.25 billion. BNY Mellon, Robinhood, Mastercard, JPMorgan Chase, and SoFi also joined the program.
The new service comes as Robinhood continues to diversify its business. It has embraced the tokenization concept by launching hundreds of tokenized stocks in Europe and other countries.
Robinhood recently launched its Ventures program on the New York Stock Exchange, allowing investors to gain exposure to private companies like Revolut and Stripe.
Additionally, Robinhood has become a major player in the cryptocurrency industry, as users can purchase cryptocurrencies on its platform and Bitstamp, a company it acquired last year. It also recently launched banking solutions through a partnership with Coastal Community Bank and Prediction market.
Robinhood’s business has been growing in the past few years, and in 2025, it enters the leading S&P 500 index. Its annual revenues jumped from just $256 million in 2021 to more than $1.5 billion last year.
Technical analysis of HOOD stock price
The daily chart shows that HOOD stock has been in a downtrend over the past few months.
However, there are signs that the downtrend is coming to an end. For example, the stock’s Average Directional Index (ADX) fell from 42 in February to 34 today. A falling ADX is a sign that the downtrend is fading.
The stock is also forming a falling wedge chart pattern, which consists of two descending and converging trend lines.
Therefore, Robinhood Stock The price is likely to see a strong bullish breakout in the near term. If this happens, the next major target to watch will be $84, the March high. This target is about 22% higher than the current level. The bullish outlook will become invalid if it moves below the $63.70 level.
