Get started

Sofi

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
SOFI: Bearish until channel is broken convincingly Sofi does banking differently and has great potential, but it is still a bank and banks are not a great investment right now. I don't see the price getting above the channel anytime soon. But that doesn't mean the stock is untradable. There are a couple of bearish scenarios at the moment. 1.Crash now: In this scenario price is on the intermediate C wave. In that case wave 3 should be in progress right now and price should be taking a nosedive. Breaking $6.4 will confirm the scenario. 2. Crash later: In this scenario price should complete Minor B wave triangle for intermediate wave B. In this case price should move sideways for a few more weeks before making a move higher to test the upper range of the channel. The channel might get broken as a fake out move before heading south. Until we see another all time high on SOFI, bull case is an alternative scenario for the moment.
NASDAQ:SOFIShort
by mukit1
PYPL falls into deep oversold zone LONGPYPL on the 30-minute chart over the past week fell 10 %, Based on the anchored VWAP bands as well as the volume profile it is in deep oversold territory potentially as a reaction to the stablecoin plan. Volumes are relatively hig while the ZL MACD has had a line cross under a flipping histogram. I see this as an excellent long swing trade setup targeting the mean VWAP or the POC line as the first target for 50% of the trade and 25% each targeting the upper VWAP lines. I will take a combination of a number of stocks and a put option 2-3 months out for some trade risk insurance.
NASDAQ:PYPLLong
by AwesomeAvani
SOFI flat to slightly negative YTD LONGSOFIR showed here on the 30 -minue chart has had great volatility in going no where since the start of the year. Volatility can be harnessed for profit. This is the essence of swing trading. With an intermediate term anchored VWAP band and line setup, it can be readily seen that price first was resisted by the second lower band line in purple then broke out through the band lines to meet resistance at the second upper band line ( again in purple) and broke down through the band lines to get support at the first lower band and then reversed and returned to the second upper band where it was rejected and fell into the support of the second lower band from which it is now bouncing. This is a VWAP band oscillation pattern which can be traded. I will take a long trade of SOFI here, first targeting the mean VWAP at 8.05 and then 8.6 below the first band and finally 9.05 below the second upper band. Partial closures at 25%, 50% and 25% respectively. I see this as a way to exploit SOFI volatity in swing trade profits which can also setup as short trades.
NASDAQ:SOFILong
by AwesomeAvani
EXFY a fintech penny stock at 5% of the ATH LONGEXFY recently had an earnings beat and has bullish momentum. While on a sixty minute chart it may appear to be overextended, in the context of an all-time-high of about $50 perhaps it has as much as 20X upside. EXFY rose from the earnings beat and then retraced and reversed the retracement. I see it as a long wing trade perhaps until the approach to the next earnings. The volume and volatility indicators suggest bullish momentum is strong and may continue.
NASDAQ:EXFYLong
by AwesomeAvani
10
Sofi - A possible repeating patternA repeating pattern and potential opportunity All three companies have some form of crypto offering. NUbank, Coinbase and Sofi appear to have similar bottoming patterns with double bottoms and a head and shoulders style reversal. The charts are not identical but you can clearly see a repeating testing of levels and a price cluster (red shaded area) which appears to be the new base forming offering good enough support for a trade set up. Under the price cluster red shaded area there are double bottoms. I have been in the NUBank trade since Jan 2023 at $3.51 and I noticed COIN had a similar bottoming pattern in June 2023 but it had not broken out yet, so I shared a comparative chart at the time and took a position in COIN, noting the stop as the bottom of the red box. I have shared individual charts on COIN and NU to this effect also. Since June COINBASE has had 120% increase and I believe this will continue. Whilst its price movement since the sharing in June is not identical to NUbank, you can clearly see a parallel channel bottoming, head and shoulders reversal and similar price clusters which i marked up. I was most confident on the COIN trade when it had its strong pull back from Jul - Oct, here I double the position when it came back and bounced off the the 200 day moving average perfectly. Two of the great trades of this year from me which I am still currently holding NYSE:NU and $Coin. I believe there maybe an opportunity for this much smaller company $SOFI. A trade set up is there with a defined stop and good risk to reward (outlined on chart). I have not entered this trade yet, but i may in coming weeks. I will keep you posted. PUKA
NASDAQ:COIN
by PukaCharts
14
SOFI Long?SOFI is now in a nice bullish upward move after the earnings correction . Due to upcoming NASDAQ correction next week . SOFI might drop and test the support level of 7.68 Entry can be made with a strict stop loss of 6.90 It is just bouncing up from its 200 EMA/SMA which is a great sign of bullish movement .we can see the previous bounces off the 200 EMAs have given a good movement upwards . Safe Entry 8.80 and safe Stop loss of 6.90 TP @ 10.20 if it breaks above 10.60 then ride it till it last :)
NASDAQ:SOFILong
by vortexTradingSolutions
SoFi's Remarkable Turnaround: A Fintech Titan in the Making SoFi Technologies Inc., ( NASDAQ:SOFI ) the fintech disruptor once labeled an "anti-bank," has achieved a significant milestone by posting its first-ever profit in the fourth quarter of 2023. The San Francisco-based company, led by CEO Anthony Noto, exceeded analysts' expectations with a net income of $48 million, marking a noteworthy leap towards its ambitious goal of becoming a top 10 financial institution. Let's delve into the key highlights and implications of SoFi's ( NASDAQ:SOFI ) recent financial success and strategic shifts. Breaking Down the Numbers: SoFi ( NASDAQ:SOFI ) reported a fourth-quarter adjusted net revenue of $594.2 million, surpassing Wall Street estimates of $573.2 million. Earnings per share (EPS) stood at 2 cents, beating expectations of zero cents and demonstrating a positive turnaround from a 5-cent loss in the same quarter a year earlier. The strong financial performance has sent SoFi stock soaring, with a 16% surge to $8.84 in early trading. Strategic Shifts and Growth Outlook: CEO Anthony Noto outlined a pivotal transition year for SoFi ( NASDAQ:SOFI ) in 2024, emphasizing the company's focus on technology and financial services segments rather than aggressively growing its lending operations. Noto stated, "We're not planning to grow our lending business at all," highlighting a deliberate shift in strategy. SoFi's ( NASDAQ:SOFI ) projections for 2024 include a full-year net income in the range of $95 million to $105 million, with an EPS between 7 cents and 8 cents. The outlook factors in four anticipated interest rate cuts, reflecting a pragmatic approach to the economic landscape. Diversification Beyond Lending: SoFi ( NASDAQ:SOFI ), initially recognized for student-loan refinancing, has expanded its offerings beyond traditional lending. The company entered the cryptocurrency space in 2019 but recently announced its exit due to regulatory pressures. In a move to enhance its investment platform, SoFi ( NASDAQ:SOFI ) will now allow customers to invest in alternative investment funds, mutual funds, and money market funds. This strategic expansion aligns with the company's vision of providing a comprehensive suite of financial services. Outlook Beyond 2026: Looking ahead, SoFi ( NASDAQ:SOFI ) anticipates robust growth, projecting a 20% to 25% EPS growth beyond 2026. This optimistic outlook reflects both sustained core business growth and the added benefits from new business lines expected to launch between 2024 and 2026. As SoFi ( NASDAQ:SOFI ) continues to evolve, it remains committed to delivering innovative financial solutions and capitalizing on emerging opportunities. Conclusion: SoFi's ( NASDAQ:SOFI ) journey from a student-loan refinancing startup to a profitable fintech powerhouse underscores its resilience and adaptability in a rapidly changing financial landscape. The recent financial success, strategic shifts, and diversified offerings position SoFi ( NASDAQ:SOFI ) as a formidable player in the industry. Investors and industry observers will undoubtedly be closely watching as the company navigates its transition year and pursues its vision of becoming a top-tier financial institution.
NASDAQ:SOFILong
by DEXWireNews
Overview of $SoFi's Recent Performance SoFi Technologies ( NASDAQ:SOFI ) is displaying a promising upward trend in the medium to long term, reflecting positive developments and heightened investor interest. NASDAQ:SOFI is in a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. NASDAQ:SOFI has broken a resistance level and given a positive signal for the long-term trading range. The stock has support at dollar 8.10 and resistance at dollar 11.40. This indicates increasing optimism among investors and further price increase for SoFi Technologies. However, for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The RSI curve shows a rising trend, which supports the positive trend. The 200-day moving average is below the current price, indicating a long-term uptrend.
NASDAQ:SOFILong
by DEXWireNews
1
SoFi Shares Gain as FinTech Company Reports Record Memberships.Shares of SoFi Technologies (SOFI) gained ground Monday through Tuesday after the fintech company raised its full-year guidance following a quarter in which it achieved record new memberships and product enrollment, as well as a big increase in student loan volume. SoFi reported a third-quarter net loss of $19.5 million, or $0.03 a share, but CEO Anthony Noto said that the company was on path to post a fourth-quarter profit. SoFi added a record 717,000 new members for the quarter, a 47% year-over-year increase. The company’s members added more than 1 million new financial products over the quarter, representing a 45% jump from the same period last year. SoFi shares gained as much as 15% in early trading, but ended the session just 1% higher. SoFi is up more than 50% year-to-date. The company reported strong demand for personal loans, along with growth in student loans, to push total loan volume up 48% year-over-year. Student loan volume grew $462 million to exceed $919 million, a 101% increase over the same quarter last year, as borrowers prepared to restart student loan payments in October. Personal quarterly loan originations surged to a record $3.9 billion, a $1.1 billion, or 38%, jump from the quarter last year, and a 4% increase from the prior quarter. The company also grew home loans up 64% year-over-year to $356 million, citing growth in that segment as it integrates the acquisition of Wyndham Capital Mortgage into its organization. SoFi raised its full-year adjusted net revenue expectations to $2.045 billion-$2.065 billion, up from the prior guidance of $1.974 billion-$2.034 billion. The company raised its full-year adjusted EBITDA guidance to $386 million-$396 million, from the prior guidance of $333 million-$343 million. Price Momentum SOFI is trading in the middle of its 52-week range and below its 200-day simple moving average. The Stock is trading in the middle of its 52-week range and below its 200-day simple moving average. Investors are still evaluating the share price, but the stock still appears to have some downward momentum depicting the head and shoulder trend.
NASDAQ:SOFILong
by DEXWireNews