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SOFI TECHNOLOGIES INCSOFI TECHNOLOGIES INCSOFI TECHNOLOGIES INC

SOFI TECHNOLOGIES INC

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SOFI trade ideas

$SOFI - Could be turning bullishNASDAQ:SOFI Sofi is facing resistance from the POC (Point of Control), but several technical indicators suggest a potential bullish trend. The MACD is about to do a bullish cross, indicating a possible upward momentum. Additionally, the RSI, Momentum, and Accumulation/Distribution indicators are turning upward. If Sofi achieves a weekly close above $8, it could create the necessary momentum for further upward movement. 🚀 Targets: $8.45 $9.50 $12.45 $14
NASDAQ:SOFILong
by PaperBozz
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
SOFI still bearish. Turtle: Weekly Slow Turtle Sell signal has triggered. Closing below previous month low and breaks trendline support and 850 support. So far no weekly buy signal from SOFI yet MCDX : Retailer showing stronger momentum Banker Moving Average is curving downward Retailer Moving Average is curing upward FiFT : -ve turtnover. Bear is in control. No buy signal at the moment. Need to wait for long term play. Short term trade can look for reversal candle at 640 or next support zone at 480-500
NASDAQ:SOFI
by kgiap123
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
$SOFI - Ouch!NASDAQ:SOFI Ouch! The convertible note offering, together with a 21.7 million share dilution to retire some of the 2026 notes, broke the triangle setup. Note that EPS is not impacted by the 21.7 million share dilution, as it is calculated based on fully diluted shares, which already account for the 2026 notes. There could be further impact on the share price once we see the terms of the convertible notes and analysts' reaction to this news. Unlike previous sell-offs, this one has a material impact. Until I know more about the deal, I will not be adding to the position. In terms of technicals, if $7 fails to hold, there is a possibility that the price could see a quick trip down to the $6.45 to $6 area due to the volume gap.
NASDAQ:SOFI
by PaperBozz
1
SOFI momentumSOFI is once again above the golden fib. Earnings season was substantial but the bears took the reigns shortly after. This highly shorted stock squeezes on occasion, especially as funds continue to add to existing large positions. I think we see another test of this megaphone that the stock has been stuck in for months. -Short term 9.7ish and some retests would be best case scenario -I took profits today on June 10$ calls and am keeping the rest until we get closer to summer -I am keeping all of my spot but havent added in a while
NASDAQ:SOFILong
by Apollo_21mil
$SOFI is expected to reach a value of $9.45 in the near future.The Double Bottom indicates a bullish reversal and bears resemblance to the W pattern. This chart pattern is formed after a downtrend, where two lows are observed below the resistance level, commonly known as the neckline. Let's see whether Cathie Wood has made accurate predictions. Price 1 Standard Deviation Resistance 8.64 Price 2 Standard Deviations Resistance 8.86 Price 3 Standard Deviations Resistance 9.03 1-Month High 9.45
NASDAQ:SOFILong
by sej4974