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SoFi Technologies, Inc.

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SOFI trade ideas

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.
NASDAQ:SOFILong
by DivergenceSeeker
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).
NASDAQ:SOFILong
by AwesomeAvani
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!
NASDAQ:SOFI
by Think_More
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.
NASDAQ:SOFILong
by PukaCharts
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.
NASDAQ:SOFILong
by AwesomeAvani
(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.
NASDAQ:SOFILong
by CapitalMarketsEliteGroup
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.
NASDAQ:SOFILong
by AwesomeAvani
3
$SOFI Best Fintech Stock To Invest In?Coming out of its best quarter yet, SoFi Technologies, Inc. (NASDAQ: SOFI) appears to be set for another solid quarter in Q2 after the fintech quadrupled its market share of new account openings in the first half of the year. With SOFI planning to release its Q2 earnings earlier on July 31, SOFI stock could be set to continue running as the company could share good news regarding its profitability. SOFI Fundamentals Digital Banks and Fintechs Growth Following the collapses of several regional banks earlier this year, fintech platforms have been the biggest winners of this unfortunate catalyst – with SOFI at the forefront. Recently, Cornerstone Advisors released a study that showed that Americans are shifting from traditional and mega banks to digital banks and fintechs like SOFI, Chime, and PayPal (NASDAQ: PYPL). Digital banks and fintechs have captured almost half of all new checking accounts opened in 2023, with SOFI quadrupling its market share of accounts opened from 1% in 2020 to 4% in 2023, while Wells Fargo (NYSE: WFC) dropped from 8.1% to 3.5% in the same period. With this in mind, the trust in the banking sector could further deteriorate if more banks fail this year – especially with the Fed expecting 2 more rate hikes this year. In that case, SOFI could be on track to further increase its new account openings given its impressive portfolio of financial services. In addition to the declining confidence in the banking sector, the bulk of new accounts belongs to young consumers – with more than 72% of new checking accounts belonging to Gen Z and Millenials. That means that SOFI especially is well-positioned to see an increase in its market share as more young consumers are able to open new accounts. Q2 Earnings While SOFI normally reports its Q2 earnings around mid-August, the fintech powerhouse announced that it is going to release its Q2 2023 earnings earlier this year on July 31. SOFI bringing its Q2 2023 earnings forward could mean that it expects to report extremely positive earnings. In that case, SOFI stock could replicate the run it made earlier in June after the debt ceiling deal that saw the resumption of student loans in September, especially since the decision to post the Q2 earnings could be related to the company becoming profitable for the first time. Technical Analysis SOFI stock’s trend is bearish with the stock trading in a downward channel. Looking at the indicators, the stock is trading below the 50, and 21 MAs which are bearish indications, and is trading above the 200 MA which is a bullish indication. Meanwhile, the RSI is neutral at 43 and the MACD is approaching a bullish crossover. As for the fundamentals, SOFI’s upcoming Q2 earnings report on July 31 is a major catalyst since the company may report a profit for the first time thanks to the increase in its market share of new account openings. If SOFI successfully achieves profitability in Q2, the stock could replicate its earlier run in June and reach a new 52-week high. With the stock trading near support, the current SOFI stock price could prove to be a good entry for bullish investors. SOFI Forecast Digital banks and fintechs are currently gaining ground over traditional and mega banks, with SOFI quadrupling its market share of new account openings in the first half of 2023 compared to 2020. Furthermore, the announcement of earlier than usual earnings could mean that SOFI expects positive Q2 2023 earnings, which could see SOFI stock running, especially if SOFI achieves profitability way before the student loan payments resume. All of that makes SOFI stock one of the best fintech stocks to keep an eye on.
NASDAQ:SOFI
by Penny_Stocks_Today
1
$SOFI Powerful Move Incoming Trend lines are a timeless tool to use to get a clear picture of what has happened and what may be to come. These trend lines are situated to the close of the bars, not the highs. We have 13 touches on the bottom trend line and 9 at the top. The specific number does not matter, but it's definitely more than 2 or 3, so these areas are extremely important. We are near the apex of this move with $SOFI. I expect a large move one way or the other. However, I am betting long. I also see this as a cup with handle that has formed after a major breakout. I could be very wrong. We had the news on Friday with the SCOTUS decision on student loans (disclosure: I am a lawyer with student loans), that shook out many, but had a nice Monday with the short trading day. These cup with handles that form in bull markets after a major move are opportunities to participate in the next move, whether it be up or down. Always have that mindset that stock can move either way, just make sure to be on the side that is making you money. Peace.
NASDAQ:SOFILong
by jacobaraujo42795
3