Get started

Sofi

Is SOFI a buy or a sell?SOFi in the past month as shown on the 4H chart has run up more than 80% and now appears to be in a standard 50% Fibonacci retracement. Price has descended from two standard deviations above the mean VWAP to a single deviation after a Doji reversal candle on June 14th. The reversal was also marked by the RSI and the signal lines crossing at a reading of 93 and then descending. The price volume trend indicator went from green for increasing to a flat line and then red for decreasing. Overall, I believe that SOFI has nearly completed a retracement. I will watch for RSI to rise above 20 and the PVT to transition from red to green and the candles themselves for a bullish candle pattern or formation in order to ascertain an optimal long entry. I will do this on a 5 or 15 minute time frame chart to make the best assessment of that entry. My first target is $ 10.20 or just under the pivot high while the second target is $13.00 just under a support area a year ago on the weekly chart. Fundamentally, I believe that the reactivation of student loan repayments will have dramatic effects on SOFI's earnings.
NASDAQ:SOFILong
by AwesomeAvani
12
$SOFI - We have to consolidate somewhereNASDAQ:SOFI We all knew it has to consolidate somewhere. My preference is above $9.70 consolidation. If you look at volume profile ,you can see we put in a huge base $8 and below. Current price area has low volume resistance meaning the price is easier to move either direction. Why did we stop at $10.23? Look at volume profile bar, its higher than the previous bar that the price punched through. Once the price gets above $10.23, it could launch to $12 - $14 area.🙏💥🚀
NASDAQ:SOFILong
by PaperBozz
SoFi Technologies Inverse Head and Shoulders Breakout ~$12 PTThe Inverse Head and Shoulders pattern is a classic technical analysis pattern that signals a reversal in trend from bearish to bullish. It is the exact opposite of the Head and Shoulders pattern which indicates a bearish trend reversal. Here's a detailed description of the Inverse Head and Shoulders pattern with key indicators: 1. Formation : This pattern is characterized by three consecutive troughs with the middle trough being the deepest (the "head") and the two outside troughs (the "shoulders") being shallower. Ideally, the two shoulders should be roughly the same distance from the head and there should be a noticeable downward trend in progress. 2. Neckline : The pattern is framed by a "neckline" drawn by connecting the high points of the two troughs. The neckline serves as the level of resistance that price must break through for the pattern to be considered complete. 3. Volume : Volume plays a crucial role in identifying this pattern. During the formation of the pattern, volume tends to be higher during the descent into the left shoulder, lower during the formation of the head, and increase again during the rise of the right shoulder. A noticeable increase in volume on the break above the neckline confirms the pattern. 4. Relative Strength Index (RSI) : The RSI is often used to confirm the pattern. The RSI, which ranges from 0 to 100, is a momentum oscillator that measures the speed and change of price movements. During the formation of the pattern, the RSI might become oversold (below 30) as the head forms and then start to rise as the right shoulder develops. A break above the neckline often coincides with the RSI climbing above 50, which is a bullish signal. 5. Duration : The formation of an Inverse Head and Shoulders pattern can take several weeks to several months. The longer the pattern takes to develop, the more significant the potential price reversal. 6. Conclusion and Breakout : The pattern is confirmed when the price breaks above the neckline, preferably on higher volume. After the breakout, the price may retest the neckline (now acting as a support level), before continuing its upward move. This is referred to as a "throwback". 7. Price Target : The projected price target is found by measuring the distance from the neckline to the bottom of the head. This distance is then projected upwards from the breakout point at the neckline to provide a price target. The Inverse Head and Shoulders pattern, while a powerful tool, is not foolproof. It should be used in conjunction with other technical indicators to validate and confirm signals, reducing the risk of false positives. Additionally, market fundamentals should not be overlooked while considering potential trades based on this pattern.
NASDAQ:SOFILong
by Diegolas_
2
SOFI in consolidation so can it continue bullishSOFI on the 2H chart is showing a massive bullish move of 30% in ten days. Most of the trading volume was near to the present price and indicated by the POC line on the volume profile. Price has not moved since most of the trades as there is now a consolidation phase more or less in the style of the high tight bull flag pattern. The three pat indicator of RSI, momentum and money flow index is red for momentum which went over 60 and then 80 and otherwise green. Overall, the indicator is a bullish bias. The volume indicator interestingly shows most of the the massive increase in volume is at the consolidation phase. This makes sense to me because in a nearly parabolic up move without a pullback it is hard to find a decent entry. Many traders including those based in large institutions will simply wait until a consolidation phase begins. The price is in the upper VWAP bands showing buyer has successfully pushed against the well-entrenched short sellers. The rise in price could force short sellers to buy to cover and close. In doing so they would actually help entrench bullish momentum. I believe I will join others in a long trade awaiting the next leg up. My stop loss is the mean VWAP +1 std dev while the target will be mean VWAP +3 std dev. Fundamentally, I believe that the financial sector including the fintech subsector are getting hot as technology is overextended.
NASDAQ:SOFILong
by AwesomeAvani
3
SOFI: Bullish Head and Shoulders at a Bullish Butterfly PCZSOFI is currently trading and forming a Bullish Head and Shoulders at a shared confluence zone between the log scale 1.618 and the linear scale 1.272 Fibonacci Extensions which in both cases would be the PCZ of a Bullish Butterfly; While it is possible that it could go deeper into the linear 1.414 Extension I do believe that the action we're seeing from the price right now at the current level warrants a Bullish Entry. SoFi having just over $0.5B Under Management is overall a much smaller bank than many of the banks we've seen come down and may come to as an advantage as they have less liabilities and yet they are gradually growing.
NASDAQ:SOFILong
by RizeSenpai
Upcoming earnings will reveal the strength of SoFiIn my opinion, SoFi's current position in the fintech industry is strikingly similar to how Amazon benefited during the dot-com crash. As the banking sector faces a crisis, I believe SoFi is poised to capitalize on the situation, much like Amazon did when numerous internet startups went under, leading to an influx of consumers flocking to Amazon.com. As traditional banks grapple with failures and massive deposit outflows, consumer confidence wanes, providing SoFi with an opportunity to capture market share and boost deposits. SoFi's resilience, marked by a lack of deposit outflows and increased FDIC insurance coverage, mirrors Amazon's ability to emerge stronger from the dot-com bubble. I think this positions SoFi for accelerated growth in the midst of the banking crisis, just as Amazon thrived during the dot-com crash. In conclusion, I personally believe that SoFi is on the verge of an "Amazon moment," where it can leverage the banking crisis to become a dominant player in the financial industry, continuing to innovate, expand, and deliver impressive results in 2023 and beyond. This parallel makes SoFi an attractive investment opportunity, in my view.
NASDAQ:SOFILong
by Diegolas_
(Bullish) SoFi Stock Alert: Buy the Dip on This Fintech DarlingIf you wanted to build a profitable bank, how would you do it? The founders of SoFi (NASDAQ:SOFI) certainly had the right idea. Instead of lending to businesses (which tend to chase after the lowest-possible interest rates), why not loan cash to rich kids instead? Or at least the kids you think will become rich in the future. It’s a business that has worked. Mostly, anyway. In January, the company reported that its net interest margin had expanded to 5.94% after seeing deposits rise 46% in the quarter. And though SoFi still loses money every quarter because of its significant marketing expenses, analysts believe the bank could generate as much as $260 million in profits by 2025.
NASDAQ:SOFILong
by Red_Green-TA
SOFI: What it takes to REVERSE? Key Points to watch next week!• SOFI is trying to react, after doing a new all-time low; • The key point is $4.82, as this price did work as a support level multiple times this year, and it seems it is working as a resistance on SOFI this week; • SOFI must break the $4.82 as soon as possible, as if it takes too long, it might lose momentum and seek new historical lows; • By breaking $4.82, the next target will be the retracements, as seen in the chart above. The 61.8% seems to be more important, as we see some struggle around this area on Nov 17 - 18; • Either way, we must patiently wait for more signs on SOFI, but these are the key points to watch next week. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:SOFI
by Nathan_The_Finance_Hydra
1
SOFI: Target Hit + Top nailed! What's next?• Since our last analysis, SOFI corrected to our targets, being the first at $5.70, and the second at the 21 ema (link to my previous analysis below this post, as usual); • Now SOFI is correcting along with the indices, therefore, this is a systemic correction; • We see a bullish reaction at the 21 ema, however, it is too soon to tell if it is a meaningful bottom sign or not; • Either way, if it loses today’s low, I see SOFI correcting more, probably below $5; • It all depends on how it’ll react today. I'll keep you guys updated on this. Remember to follow me to keep in touch with my analyses!
NASDAQ:SOFI
by Nathan_The_Finance_Hydra
2