Robinhood Releases Several New Investment Research and Trading Tools
Over the past few months, we’ve been working on new features to make Robinhood even better. Introducing candlestick charts, discovery tools, and more. Take a look! https://t.co/5JpGnGnIVb
— Robinhood (@RobinhoodApp) September 4, 2018
According to the announcement, the new features include analyst ratings, which provides market commentary based on Wall Street analysts and a tool called ‘People Also Bought,’ which allows users to track what others are purchasing on the Robinhood platform.
The first major technical trading tool, an option to view charts in candlestick format to provide more information about the intra-period price action, has also been included in the latest update.
Candlestick charts help investors better understand how prices move. While a line chart shows you only the close price, each candlestick shows you four pieces of information: the open, high, low, and close price during a certain time period.
Robinhood is now available in a web format, which is a big change for the company that has been primarily app-based since its launch. Investors can now open, close and monitor positions directly from their desktops.
More: What’s New on Robinhood
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.