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SOFI ($SOFI) BANK: A FULL TECHNICAL & FUNDAMENTAL ANALYSIS! BUY!NASDAQ:SOFI SOFI BANK: A FULL TECHNICAL & FUNDAMENTAL ANALYSIS! Here is what we are going to deep dive into in this video: 1.) Review Sofi's earnings report from this morning 2.) What SOFI's charts are telling us, using my "High Five Setup" trading strategy 3.) A look at the fundamentals of the company and what score /6 SOFI received on my "Valuation Pro Analyzer" Let me know what you think of my analysis in the comments below. What stocks do you want to see next through my strategies and tools? Did you buy the dip on NASDAQ:SOFI ? LIKE l FOLLOW l SHARE Not financial advice.
NASDAQ:SOFILong
by RonnieV29
WE GOT A 5/5 TRADE SETUP ON $SOFI! Cup n Handle about to BUST! NASDAQ:SOFI 🖐️WE GOT A 5/5 TRADE SETUP ON SOFI My trading strategy consists of 5 Indicators: 1.) A clear and clean Charting pattern setup. ✔️ For this chart that is a CUP N HANDLE pattern which is about to breakout. 2.) A Volume Gap to fill and strong buying area. ✔️ Volume gap up to $13. 3.) The MACD up trending. Crossing Zero line = Bullish ✔️ We have crossed the Zero line and up trending beyond it at this time. 4.) RSI rising and making higher lows. ✔️ Up trending and just crossed the Upper RSI band. Higher lows are being made on this chart. 5.) Weekly Stochastic Up Trend. Most bullish once it crosses up through lower band or bearish once it crosses down through upper band. ✔️ Clearly are up trending on this charts stochastic and just crossed upper stoch band. Short🎯 $11.70 Long🎯 $15.83 Bonus: Bullish sentiment behind the name and lots of catalysts. Hope you enjoyed! Like ❤️ Follow 🤳 Share 🔂 Not financial advice.
NASDAQ:SOFILong
by RonnieV29
SoFi Technologies (SOFI) AnalysisCompany Overview: SoFi Technologies NASDAQ:SOFI has been on an impressive growth trajectory, with its member base increasing by over 40% year-over-year to reach 8.8 million as of Q2 2024. This significant expansion underscores SoFi's ability to not only acquire new members but also retain and cross-sell to its user base, positioning the company as a major player in the fintech space. Key Catalysts: Product Mix Shift: The strategic shift from a reliance on lending products to a broader array of financial services products—which now outpace lending offerings—boosts margins and improves the lifetime value of SoFi’s customers. This diversification strengthens the company's business model by lowering its dependence on traditional loans. Earnings Momentum: SoFi has consistently outperformed earnings expectations, evidenced by 11 upward revisions in the last 90 days. This signals strong financial management and operational efficiency, which is expected to drive further investor confidence. Growing Member Base: SoFi's ability to grow its member base at a 40% annual rate is a clear sign of the company’s competitive advantage in the fintech space, particularly through the seamless cross-selling of products across its ecosystem. Investment Outlook: Bullish Outlook: We are bullish on SOFI above $9.00-$10.00, as the company’s ability to grow its member base and shift to higher-margin products sets the stage for sustained growth and stock appreciation. Upside Potential: Our upside target for SOFI is $15.00-$16.00, driven by strong earnings performance, a diversified product mix, and expanding membership, all of which contribute to improving financial metrics and stock valuation. 🚀 SOFI—Fintech Leader on a High-Growth Path. #Fintech #FinancialServices #EarningsOutperformance
NASDAQ:SOFILong
by Richtv_official
$SOFi soared 8 days straight, 15minOn Thursday, Oct 10 I purchased two NASDAQ:SOFI 15 NOV 24 9c @ $64 ($128 total). ENTRY @ $8.72 (12:27pm, Thu, Oct 10) because I noticed NASDAQ:SOFI had been undergoing a temporary recovery to the upside. EXITs @ $9.99 & $9.93 - 1 contract - Profit taking at 120% ($64 -> $141), Mon, Oct 14 @ 1:18pm - 1 contract - 6% trailing stop triggered at 114% ($64 -> $137), Mon, Oct 14 @ 2:15pm Total revenue: $278 || Profit: $150 This is a good point to grab profit because price is around the 0.214 fibonacci and there is a gap to fill to the bottom which increases the chances of the stop dropping below continuing its journey to the upside.
NASDAQ:SOFILong
by Brandonthrives
SoFi Stock Soars on $2B Fortress Capital Loan DealShares of SoFi Technologies (NASDAQ: NASDAQ:SOFI ) surged over 9% on Monday morning after the company announced a landmark $2 billion deal with Fortress Capital. This agreement aims to bolster SoFi’s personal loans business, allowing the digital financial services company to diversify its revenue streams. CEO Anthony Noto emphasized that this move would help SoFi focus more on fee-based income rather than capital-intensive operations. Fortress Capital echoed Noto’s optimism, stating that SoFi’s personal loans platform presents a "compelling investment opportunity" for its funds. This collaboration is expected to create a ripple effect in SoFi’s financial positioning, improving its growth prospects and profitability. Key Details of the Fortress Deal: - $2 Billion Agreement: SoFi partners with Fortress to expand its personal loans business by referring pre-qualified borrowers to loan origination partners and originating loans on behalf of other entities. - Revenue Diversification: This deal aligns with SoFi’s strategy to focus more on less capital-intensive sources of revenue, tapping into fee-based business models that will help the company scale. - Stock Surge: Following the announcement, SoFi stock rose sharply, gaining over 10% in Monday’s trading session. Financial and Strategic Outlook: In recent months, SoFi’s stock has seen renewed momentum, pulling off from its August lows. The company’s lending services revenue rose 3% year-over-year in Q2 to about $340 million, accounting for over half of its total quarterly revenue. With third-quarter results expected later this month, investors are eagerly watching for more signs of progress in SoFi's financials. Anthony Noto, speaking at a Goldman Sachs conference in September, expressed optimism about the success of SoFi’s lending business. Noto noted that the company has significant room for growth, particularly in a low-rate environment. Technical Analysis: From a technical standpoint, SoFi stock (NASDAQ: NASDAQ:SOFI ) is displaying strong bullish momentum. The stock is currently up 10.1% and has formed a long bullish harami candlestick pattern, which often signals a continuation of a positive trend. The stock’s RSI sits at 80, suggesting it is currently overbought, so some caution may be warranted. However, the presence of a golden cross on the daily price chart—where the 50-day moving average crosses above the 200-day moving average—further supports a bullish outlook. Historically, golden crosses signal the beginning of a strong upward trend. Conclusion: With SoFi’s innovative $2 billion loan agreement with Fortress Capital, the company is set to solidify its position in the personal loans sector. The deal provides a new source of revenue for SoFi (NASDAQ: NASDAQ:SOFI ), which continues to leverage its platform to attract new users and boost profitability. As technical indicators remain bullish, and with third-quarter results around the corner, SoFi’s stock could have more room to run. Investors should keep an eye on this rising star in the fintech space as it navigates the evolving digital financial services landscape.
NASDAQ:SOFILong
by DEXWireNews
SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND! NASDAQ:SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND! Everything is FINALLY looking on track for NASDAQ:SOFI stock! See analysis below and my Symmetrical Triangle Breakout trade details at the bottom of the post! Not Financial Advice. STOCHASTIC UPTREND MACD UPTREND & BREAKOUT OVER ZERO LINE RSI UPTREND STOCK PRICE UPTREND SYMMETRICAL TRIANGLE BREAKOUT - MEASURED TRIANGLE: 727 BARS - BREAKOUT MOVE 727 BARS HIGHER (86.87%) $15.63 - TAKE PROFITS: TOP OF THE TRIANGLE (39.78%) $11.70 - STOP-LOSS BELOW MA's AND VOLUME SHELF 2.5 RISK TO REWARD (15.89%) $7.04
NASDAQ:SOFILong
by RonnieV29
5
$SOFI | Allocation | Market Exec |Technical Confluences: - Price action has bounced off a 78% Fibo retracement - Below the 78% Fibo retracement is also been a Demand Zone which breaking it would like lead to a new all time low - For price action to move up higher, it needs to break above the Interest Zone (@ 61% Fibo) and also the resistance trendline - Upon breaking that, it's next resistance would be the Supply Zone area above Fundamental Confluences: - SoFi has shown impressive revenue growth but struggled with profitability, posting net losses due to high operating expenses and investments in growth. - The path to profitability is improving as the company scales and focuses on higher-margin products, but consistent positive earnings have yet to be realized. - They have historically reported negative FCF but recent quarters have shown improvements. The company’s ability to generate positive FCF will be critical to sustaining its growth without needing to rely on external financing. ----- I have previously allocated to NASDAQ:SOFI before as I feel this company is a high-growth potential with promising narrative as explained above. Will be happy to add if there is again a dip in the price. -----
NASDAQ:SOFILong
by weekendanalyst
RDFN fintech small cap reverses higher LONGRDFN on the 15 minute chart has move up from a low pivot which included a mass index indicator triggering. ATH was $85 so current price is 7-8% of that ATH. I will take a long trade here. My targets are the May high pivot at $8 and the January high pivot at $10 with a stop loss at $6 to be managed as the price moves toward 8. RDFN to a certain degree is subject to rates and federal actions. I am convinced that when the time is ripe the Biden administration will pressure the " independent" fed into a rate cut which should give RDFN the momentum it needs to push toward those targets or even higher.
NASDAQ:RDFNLong
by AwesomeAvani
2
PYPL Momentum Stalls REVERSAL / SHORT idea PYPL has had a great past two weeks putting in 7-9% gain. In the past week however, that momentum has stalled. PYPL has printed a head and shoulders pattern. The predictive algo of Lux algo suggests a reversal here. PYPL has been resisted on the higher price action by the second upper anchored VWAP band. The H & S pattern neckline is about 63. The predictive algorithm of LuxAlgo shows a forecast of downward price action as shown on the black line to the right of the last candle. I will close my long position here. Once price falls under 63, I will instead take a short position targeting 61.35 and 59.35 being the area immediately above the mean VWAP and first lower VWAP lines respectively. I will also look for the green RSI line to fall under 50 as an entry signal. In keeping with good risk management, the initial stop loss will be 63.15 with an adjustment of 0.12 for every 0.15 of price fall until the first target. I will take off one third of the position and adjust the stop loss by a trialing ATR after that.
NASDAQ:PYPLShort
by AwesomeAvani
5
SoFi Soars with Second Consecutive Quarter of GAAP ProfitabilitySoFi Technologies Inc. (NASDAQ: NASDAQ:SOFI ) has impressed investors with its latest earnings report for the first quarter of 2024, marking its second consecutive quarter of GAAP profitability. The digital financial services platform reported robust figures, including a net income of $88 million and a net revenue of $645 million, representing a significant year-over-year increase. With notable gains in adjusted EBITDA and a substantial rise in net revenue, NASDAQ:SOFI continues to demonstrate its prowess in the digital financial services sector. SoFi Technologies, ( NASDAQ:SOFI ) renowned for its comprehensive suite of digital financial services, has once again delivered stellar performance in the first quarter of 2024. The company's latest earnings report reveals a remarkable achievement: its second consecutive quarter of GAAP profitability. With a net income of $88 million, translating to 8 cents per share, NASDAQ:SOFI has exceeded expectations and showcased its strong financial health. One of the key highlights of NASDAQ:SOFI 's Q1 earnings is the substantial growth in adjusted EBITDA, which soared from $75.7 million to $144.4 million year-over-year. This impressive uptick underscores the company's ability to drive operational efficiency and maximize profitability across its diverse range of financial products and services. Moreover, NASDAQ:SOFI witnessed a notable surge in net revenue, climbing 37% year-over-year to reach $645 million. This robust revenue growth reflects the increasing adoption of SoFi's platform by members seeking a seamless and comprehensive solution for their financial needs. The company's ability to attract and retain customers is further evidenced by the addition of 622,000 net new members in Q1, bringing its total membership base to 8.1 million. CEO Anthony Noto expressed his satisfaction with the quarterly performance, emphasizing the profitability of all three segments on a contribution basis. He highlighted the continued strong cross-buy trends observed among members, demonstrating the effectiveness of SoFi's integrated approach to lending and other financial services. SoFi Technologies ( NASDAQ:SOFI ) remains poised for further growth and innovation in the digital financial services landscape. With its solid financial foundation, expanding member base, and commitment to delivering exceptional value to customers, NASDAQ:SOFI is well-positioned to capitalize on emerging opportunities and drive continued success in the future. Technical Outlook SoFi Technologies ( NASDAQ:SOFI ) stock is up 6% on Monday's Pre-market session as a result of the earnings report. The daily price chart shows a "Symmetrical Triangle pattern" which means a start of a bullish streak in the near or long term.
NASDAQ:SOFILong
by DEXWireNews
3
SOFI EARNINGS CHART, BRING YOUR BEAR SPRAY. BIG DROP TO UNDER $5Current price takes it down 36% to price target. Closes the gap on the weekly. Earnings at this specific time when things like yesterday happened on the big stocks. And Snap going 30% up after going down big in the morning. This move fits within the currently reality of price movements. Even if we head up some 12% on the day and it's bullish, watch for the drop into the AH. Could be really big. Good news for bulls, the price target at 4.45 to 4.9 is an entry target to go long up to 17. But it would be good to see the downside first on this earnings call. And setup for a big run as the meme stocks start to fly. Mid 6 is support and could see a bounce and maybe we see the rest of the downside on Monday finish out throughout the next few days. Good luck with whatever you choose on earnings!! Personally, I see the downside coming. But I'd like to see some upside today on sofi to really pull the price swing to a pretty large percentage move, and give puts some more upside. But I'm not sure as I haven't looked at this stock in awhile. Price targets and trends are marked. Those should be fairly good to use, but with earnings, it will break a lot of them quick in both directions. But more so on the downside. The orange trends are fairly strong rejection trends. The support trend is fairly strong. BUT the weekly has a wicked nasty last drop showing. I'd say normally we'd hold that support trend, but they have been breaking hard in the AH earnings moves.
NASDAQ:SOFIShort
by nicktussing77
11
GRAB - Penny Stock Volatility Based LONG GRAB is a multi-dimensional fintech company serving SouthEast Asia. It does there what DASH UBER and PYPL do in the US. Like many other or even most penny stocks it has volatility which is the foundation for swing trading it for good profits. On the 60 minute chart are the horizontal supply and demand zones as well as dynamic areas of high volume and volatility as anchored VWAP bands and lines used for analysis that GRAB is now in the area of the first lower band line and is predicted by the Luxalgo regression forecast to fall into the demand zone confuent with the second lower band line. For forecast for after a predicted bounce, GRAB will move higher toward the supply zone on the chart. Accordingly, I will watch GRAB to fall into the demand zone where it will pick up long buyers such as myself. I sell set a stop loss at 2.90 and two targets, the first being the mean VWAP level of 3.2 for a close of 1/3rd of the position and then 3.4 ( first upper VWAP) for a close of another 1/3rd of the position and finally a target of 3.55 just under the demand zone. The trade is for a trade of about 15% gain over 1-2 weeks which needs little attention when alert/ notification price levels are set. This allows for stress free trading without much effort or screen time.
NASDAQ:GRABLong
by AwesomeAvani
SoFi's Surge: Unveiling 2023 and What Lies Ahead in 2024Technical Analysis Overview Current Price : $10.34, a 3.77% increase. Weekly Trend : Showing a positive trend with a 5.35% increase over the last five days. 1-Month Trend : A significant increase of 51.96%, indicating strong bullish sentiment. 6-Month and Yearly Trends : A 17.04% increase over the last six months and a 124.51% increase year to date, highlighting a robust bullish trend. Advanced Technical Indicators Relative Strength Index (RSI) : 70.41 - Indicating that SOFI is nearing overbought territory, which could lead to a potential reversal or consolidation in the short term. Moving Average Convergence Divergence (MACD) : 0.63 - Suggesting bullish momentum, indicating a strong buying trend. Other Indicators : STOCH (83.28), STOCHRSI (84.02), ADX (37.09), Williams %R (-8.57), CCI (104.63), ATR (0.46), Ultimate Oscillator (54.76), and ROC (24.66) all contribute to a picture of current bullish momentum but with potential for short-term volatility or pullback. Market Sentiment and External Factors Market Capitalization : $9.904B USD. Trading Volume Analysis : A high trading volume of 35,199,288, suggesting active market participation and interest in the stock. Recent News Coverage Impacting SOFI Bullish Outlook for 2024 : Analysts predict SOFI stock could continue its rally in the new year, benefiting from expected interest-rate cuts. A notable analyst has set a high price target of $14 for SOFI stock, implying significant upside potential ( InvestorPlace ). Focus on Non-Lending Businesses : Analysts appreciate SoFi's shift towards non-lending businesses, improving earnings quality despite a higher-for-longer interest-rate policy. Central Bank Policy Changes : Potential interest rate cuts in 2024 could benefit SoFi's lending business, as lower rates tend to spur borrowing and lending activity. Conclusion SOFI's stock shows strong bullish signs in the medium to long term, but the current overbought condition warrants caution for short-term traders. The recent news and analyst predictions provide a positive outlook for 2024, making SOFI an interesting stock for both traders and long-term investors.
NASDAQ:SOFILong
by Terrapins
7