Robinhood, the popular commission-free trading app, announced today that it has released a number of new investment research and trading tools aimed at improving the user experience of its platform.
Over the past few months, we’ve been working on new features to make Robinhood even better.
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.
This news comes just a week after Robinhood announced the addition of over 250 global stocks, in addition to free extended market hours.