Gap Up to 13.50+ on SOFI from July 31 2023 from 11.45You can currently play up intil $13.50+ where it will fill a gap from the historical chart. From 11.45 on July 31st 2023.
SOFI trade ideas
$SOFI - Sitting on 50% Fib RetracementNASDAQ:SOFI sitting on 50% fib retracement with narrowing MACD. RSI and William R % curling up. 🤞The price needs to climb above $11 to prevent it from H&S forming.
Lots of charts in the market looks like this. Including AMEX:SPY and $QQQ.
BIG SPIKE TODAY TIME TO GO LONG 2hr target price of 11-12USD within 2 weeks with continued price momentum and good volume which seems to have had a nice signal today around low 8s. Keep an eye out for Sofi prior to fed speaking this friday good be some volatility to the upside incoming. I think its time to reenter long.
if it can gain bullish momentum and break through $9.09USD would be another ideal entry for price confirmation
support has been around $8 so stop loss can be applied
Consistently increasing earnings per share
Poor earnings and cash flow may force dividend cuts
Quickly burning through cash
2 analysts have revised their earnings downwards for the upcoming period
Stock generally trades with high price volatility
Stock has fared poorly over the last month
Valuation implies a poor free cash flow yield
Not profitable over the last twelve months
Sofi Reversal HandSSOFI reversal head and shoulders playing out perfectly. purchasing around the $7.90 to $8 mark if it hits and holding for a bounce.
$SOFI - Are we there yet?NASDAQ:SOFI saw a 28% pullback since peaking at $11.70 after earnings.
The current support of $8.35 needs to hold, or else we could see a further breakdown.
The worst case is a pullback to $6.45.
Watch the following support areas for support and reversal:
$8.35
$8.00
$7.24
$6.63
$6.45
I will update the chart once I see a potential reversal.
Like and follow me for more charts.
15min chart sofi reject 3 times @ 8.40not sure what is happening with this stock trading flat since earnings almost 2 weeks ago and still its held strong consilidated @ the mid 8s, volume is high price momentum has been stagnant. However, considering Sofi beating earnings quarter over quarter 5 times in a row now, signs of profitability in the near future. This stock is certainly UNDERVALUED, with the overall market being hammered negatively being sold off. The bulls have maintained buying pressure for quite some time even though much of the market sentiment is BEARISH, but looking at the overall market considering the possibility of a recession, stocks and equities are still in an uptrend.
this has good volume but too much selling presence and not even holding and buying, personally see more upside for SOFI
price has been rejected 3 times on a 15minute chart here at $8.40 id look to start a long positon anywhere in the low 8s, see more upside once it finally breaks out and the bulls take control again. considering so much profit taking for a few bucks this is a solid HOLD for the longer term.
i can imagine some market manipulation is going on here has good volume and keeps rallying when being hit from the downside up recovers than some investor unloads a shit ton of shares aggain probably an institional investor who bought at the 5s in my opinion im speculation
IF I HAD BOAT LOADS OF MONEY AND I BOUGHT SOFI AT THE 4S AND 5S, I WOULD SELL SHARES TO BRING THE PRICE DOWN EVERY SO OFTEN , WITH A CLICK OF A FINGER STOCKS CAN BE SOLD SO EASILY
SoFi - LongWith student loan repayments set to resume in October, the resistance zone has transformed into a support zone. Additionally, the stock/RSI is currently oversold.
Sofi Reversal head and shouldersHaS Reversal setup. 10 dollar mark seems like a good sell, 8 dollar mark good buy.
2hr chart uptrend aheadlooking for a reversal on a 2h chart on SOFI, look for good volume, positive conlidation in the high 8s if it can break and gain about 15% in a week breaking resistance over $9.89 USD id look to enter long before the end of the week, could look to short if it falls below 10%
but all the right metrics are in place for SOFI
this can easily test the mid 10s and 11s in a short amount of time if it can hold and seller momentum loses steam these next two weeks
SOFI entering the distribution stage For some reason retail loves SPACs that lose tons of money. While I am not a perma bear, I’m more bullish then anything, a recession is upon the horizon with the yield curve deeply inverted. Who knows when it will occur, could be years away but when it does people will default on their loans as usual and SOFI will likely take a big hit.
The street seems to agree as it’s in a powerful downtrend and barely retested it’s initial offering price of $10.
nice spike in volume around 8.81$usd bullish long term with sofi
technically idunno high interest rates and short interest kinda sucks but SOFi is profitable quarter over quarter 4 times in a row
id enter long anytime around 8.81 in my opinion its found support for now depending on us govt related news such as cpi
the recent downgrade caused overall marktet to go down but SOFI has stayed steady around the 9s dont wait till it blows up !
plus this is a SOCIAl STOCK SO MANY eyes on this company they performed well lots of customers
im a canadian investor and see value in this fintech space
SOFI | Great Entry Point | LONGSoFi Technologies, Inc. provides various financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money. It also offers personal loans, student loans, home loans, and related services. The company also operates Galileo, a technology platform that offers services to financial and non-financial institutions and brokerage services, as well as Technisys, a cloud-native digital and core banking platform with financial services customers. In addition, it offers checking and savings accounts; debit cards; and cash management products. Further, the company provides SoFi Invest, a mobile investment platform that provide its members access to trading and advisory solutions, such as active investing, robo-advisory, and digital assets accounts. The company was founded in 2011 and is headquartered in San Francisco, California.
SOFI Swing Trade RecapSOFI as a fin tech company has been volatile. Besides the issues of student loan
forgiveness, the federal adjustments of the intrabank overnight rates and inflation
inparting the budgets of its customers, the landscape has landmines and its litterd
with signs of fiscal damage. Knowing it had upcoming earnings and perhaps some
greed competing against fear with traders. I took a trade and the closed it on
earnings. Here are the particulars.
!. the 30 minute bare chart is overlaid with a double set of Bollinger Bands. The settings are
not the default. If you want them, like the idea and then ask. A linear regression line with a
period of 28 is added. The volume is underneath. Finally a MACD indicator in a lower pane.
2. For the entry, on July 27, late in the session, price fell outside the lower bands and then
came back inside them after printing a red Doji bar and a little surge of selling volume
above the running mean. There it was a simple easy entry. Price crosses over the
regression line. MACD lines crossed under the histogram.
3. The swing trade progressed and price action progressed. On the mornings of the report
release traders were freaked out. Was the beat good enough ? Volatity was over the top.
after a bit of a drop, volume came into the trade in a big way and price followed the lead of
volume ( serious money flow). Price shot higher and got beyond those BB upper bands with
hugh volatility topping wicks. Once price got back inside the bands I exited.
4. This trade yielded more than 25% in 3 day pretty good for just a little effort. Of course stop
loss was moved every time a 2% rise occurred the stop loss was moved up 2.2% getting closer
and closer to price gradually.
5. Price dropped into a full pullback within a couple of hours. I would have liked to play
the downside but I was overextended on the number of trades I was managing.
6. As an afterthought, price is now doing what is called a lower bollinger band walk,
That is to say, it is increasingly at risk to reverse and start uptrending. Price is under the
middle BB and a little under the mean VWAP. It is begging to reverse. I am waiting for
an entry on that and the wait will not be long.
( By the way a certain someone, you are a smart trader and you will most certainly know
I uploaded this idea for you).
AD has double bottom on weekly chartThe AD has now double bottom on the weekly chart along side price action. Looking for price action to breakout above yellow box resistances, and retest all time high
SoFi jumped short and opened highSoFi jumped short and opened high
This chart shows the weekly candle chart of SoFi stocks from 2021 to the present. The top to bottom golden section is superimposed in the figure. As shown in the figure, the low point of SoFi stock in the past two years is exactly the 4.000 level of the golden section in the figure, and the high point in June this year is exactly 3.000 level! On the last trading day of July 2023, the SoFi stock jumped short and opened high, then surged, approaching the long start level before reaching the historical peak!
Long SOFImacro: snp500 QQQ uptrend, earnings beat
News: PCE show inflation slowing
TA : breakout
entry: adding on pullbacks
STOP: rolling till worthless options
TP: holding until 25 region resist
risk: market downturn after very strong first half, fed continue rise interest rate
SoFi Technologies SoFi Technologies (SOFI)
A great example of how Fibonacci Extension levels align with support & resistance levels.
Confirmations for new entry:
- Break above OBV resistance line
- Retest of 200 day SMA or break & retest of 1.00
fib ext at $8.70.
If already in the trade, congratulations. We are above the 200 SMA and it is upward sloping. It would be nice to see us break and hold above the Aug 2022 highs.
I hope this chart can help you manage the trade and de-risk at specific levels or increase allocation by skimming and reentering at specific levels.
SOFI vwap crossover earnings 2 days LONGOn Friday the 28th SOFI had a good day. I am looking for more of the same going
into earnings. It dropped through the middle VWAP bands and remarkably rebounded.
Great volatility to be exploited. Some consolidation at the +1 Standard Deviation band
is normal and healthy. SOFI as a financial technology has been honing its margins
in a challenging environment. I see a long trade here and will take it being careful
to take profits quickly and pay attention to the earnings release. A stock trade on an
the intraday basis is considered. A 1 % stop loss is good enough since price is sitting on
dynamic support. The target is 10.0, the pivot high of mid-July, This is 2.5% for a modest
quick trade with a risk of 1 for a reward of 2.5. Just a basic trade at a good entry.
(SOFI:NASDAQ) SoFi's Resilience and GrowthSoFi, a prominent financial technology company, has demonstrated remarkable resilience and growth, with its shares experiencing a significant rally of over 100% since the Q1 2023 earnings selloff. The company's ability to overcome challenges and implement strategic decisions has strengthened its position in the market. This analysis highlights SoFi's successful efforts in diversifying its revenue streams, bolstering its technology and financial services segments, and making prudent management decisions to generate higher returns and interest income.
1. Diversification of Revenue Streams
SoFi's strategic focus on diversification has played a pivotal role in its success. The company has expanded its revenue streams beyond traditional lending and financial services, allowing it to tap into new markets and capitalize on emerging opportunities. This diversification has not only increased revenue potential but also mitigated risks associated with over-reliance on specific segments.
2. Growth in Technology and Financial Services Segments
SoFi's commitment to advancing its technology and financial services offerings has driven significant growth. By continuously enhancing its technological capabilities and expanding its range of financial products, SoFi has been able to attract a broader customer base and strengthen its competitive position in the industry.
3. Strategic Management Decisions
SoFi's management team has made astute decisions to optimize its financial performance. For instance, the company has chosen to hold loans instead of selling them, a strategy that aims to generate higher returns over time. This approach has also led to an increase in interest income, contributing to SoFi's overall financial stability and profitability.
Conclusion
SoFi's journey post the Q1 2023 earnings selloff showcases a commendable display of resilience and growth. The company's shares rallying over 100% since then reflect the confidence and support from investors. SoFi's focus on diversifying revenue streams, bolstering technology and financial services segments, and implementing prudent management decisions have been instrumental in driving its success. As the company continues to navigate the dynamic financial landscape, its ability to adapt, innovate, and make strategic choices will play a critical role in sustaining its growth trajectory. Investors and industry observers keen on the fintech sector will undoubtedly be keeping a close eye on SoFi's future developments.
This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.
SOFI channeling but rising LONGShown on a 15-minute chart, SOFI is seen slowly rising in a parallel channel
bounded by a pair of anchored VWAP bands - the first and second deviations
above the mean VWAP from anchors back in mid-June. Fundamentally, SOFI
has been challenged by another round of student loan forgiveness by our
President as well as the instability in the prime rates ongoing.
On the chart, price is near to the bottom support of the mean VWAP lines coming
back to them since rising above them about July 10th. The trend index indicator
is neutral having resolved a minor trend down. Price dropped today with the
bond auction fiasco and general market downturn. the RS indicator shows both
low and high time frame lines bounced from the lows and the lower time frame
green line now crossing over 50.
I see SOFI as ripe and ready for a long trade to exploit this dip and the overall
long trend in a slowly rising channel I will set a stop loss under VWAP at 8.97
and the target of 9.45 , the first standard deviation blue lines and the POC line of
the volume profile, and the secondary target of 9.95 below the second
deviation red lines . I see that as a buy the low dip and sell upon the reversion to
the mean.
Break, break and break. 1-2-3 positive movements short term.Golden cross
Double top breakout
EMA200 break
Consolidation break.
SOFI pullback opportunityif SOFI is pulling back here are couple of 7R and 8R trade idea in my head. please let me know what you think.
