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SoFi Technologies, Inc.SoFi Technologies, Inc.SoFi Technologies, Inc.

SoFi Technologies, Inc.

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SOFI trade ideas

SoFi Not letting upHello All! SoFi!!! I have been loving SoFi's momentum! As long as you follow the trend here, this chart is pretty straightforward. We got a Low at $7.50, push to the upside to $10, retraced just a little bit with 2 candles (Just missing my alert at $9.50 lol), and it's setting up to make a new High. Targets: $11.50 & $12.00 *DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
NASDAQ:SOFILong
by thattradergirl
2
SoFi Technologies (SOFI) AnalysisCompany Overview: SoFi Technologies NASDAQ:SOFI has been on an impressive growth trajectory, with its member base increasing by over 40% year-over-year to reach 8.8 million as of Q2 2024. This significant expansion underscores SoFi's ability to not only acquire new members but also retain and cross-sell to its user base, positioning the company as a major player in the fintech space. Key Catalysts: Product Mix Shift: The strategic shift from a reliance on lending products to a broader array of financial services products—which now outpace lending offerings—boosts margins and improves the lifetime value of SoFi’s customers. This diversification strengthens the company's business model by lowering its dependence on traditional loans. Earnings Momentum: SoFi has consistently outperformed earnings expectations, evidenced by 11 upward revisions in the last 90 days. This signals strong financial management and operational efficiency, which is expected to drive further investor confidence. Growing Member Base: SoFi's ability to grow its member base at a 40% annual rate is a clear sign of the company’s competitive advantage in the fintech space, particularly through the seamless cross-selling of products across its ecosystem. Investment Outlook: Bullish Outlook: We are bullish on SOFI above $9.00-$10.00, as the company’s ability to grow its member base and shift to higher-margin products sets the stage for sustained growth and stock appreciation. Upside Potential: Our upside target for SOFI is $15.00-$16.00, driven by strong earnings performance, a diversified product mix, and expanding membership, all of which contribute to improving financial metrics and stock valuation. 🚀 SOFI—Fintech Leader on a High-Growth Path. #Fintech #FinancialServices #EarningsOutperformance
NASDAQ:SOFILong
by Richtv_official
$SOFI the next $PLTR$10.25 is a major structural level on NASDAQ:SOFI we get the weekly candle open.close above this level, we confirm hold of IPO day pricing and a great second chance entry on the stock entry: weekly hold of 10.25 targets: 11.60/14/16 stops: weekly loss of 10 note: if you stop simply WAIT to enter again at the reclaim financially a powerhouse too, however the MM's keep their foot on its throat because its a stock that shakes at the foundation of traditional brick and mortar banking, you know the institutions that lend and work with all the "analysts" and institutional investors some huge opportunity though with a fantastic model and an incredible 33 forward P/E which is unheard of on a company this small and at this price per share 61% y/y growth (very good) Beat revenue estimate by 3.8% & Beat guide by 4.6%. Beat EBITDA estimate by 23.2% & Beat guide by 25.5%. Beat $.01 GAAP EPS estimate by $.01; Beat GAAP net income guide. Annual Guide Updates (next Q was light across the board): Raised implied annual rev guide, which Beat estimate by 1.3%. Raised annual EBITDA guide by 1.7% which Beat estimate by 3.4%. Raised $.075 GAAP EPS guide by $0.01, which Beat estimate by $.015. Note deals led to spike in TBV growth, cap ratio guide
NASDAQ:SOFILong
by AmmaJammaTrades
$SOFi soared 8 days straight, 15minOn Thursday, Oct 10 I purchased two NASDAQ:SOFI 15 NOV 24 9c @ $64 ($128 total). ENTRY @ $8.72 (12:27pm, Thu, Oct 10) because I noticed NASDAQ:SOFI had been undergoing a temporary recovery to the upside. EXITs @ $9.99 & $9.93 - 1 contract - Profit taking at 120% ($64 -> $141), Mon, Oct 14 @ 1:18pm - 1 contract - 6% trailing stop triggered at 114% ($64 -> $137), Mon, Oct 14 @ 2:15pm Total revenue: $278 || Profit: $150 This is a good point to grab profit because price is around the 0.214 fibonacci and there is a gap to fill to the bottom which increases the chances of the stop dropping below continuing its journey to the upside.
NASDAQ:SOFILong
by Brandonthrives
SCALP3H SCALP While I advocate for a long term position for SOFI I believe in the short term it is probable for price action to see 9.62 again during this current market rally looking forward within the next few days max. The current high as of 10-14-K24 is 10.07 it's earning season so plenty of volatility is there to capture. TIME FRAME OF EXECUTION - 3HR SOURCE OF EDGE - Confluence with BBWP and Prop I RISK MANAGEMENT PARAMETER - Closure of above 10.22 POSITION ENTRY - TRIPLEX POSITION EXIT - 50% AT 9.62 - 50% UPON INDICATOR REVERSAL CAUTION - CURRENT RALLY BREAK OUT OR RM TRIGGER
NASDAQ:SOFIShort
by Ra_way
3
SoFi Stock Soars on $2B Fortress Capital Loan DealShares of SoFi Technologies (NASDAQ: NASDAQ:SOFI ) surged over 9% on Monday morning after the company announced a landmark $2 billion deal with Fortress Capital. This agreement aims to bolster SoFi’s personal loans business, allowing the digital financial services company to diversify its revenue streams. CEO Anthony Noto emphasized that this move would help SoFi focus more on fee-based income rather than capital-intensive operations. Fortress Capital echoed Noto’s optimism, stating that SoFi’s personal loans platform presents a "compelling investment opportunity" for its funds. This collaboration is expected to create a ripple effect in SoFi’s financial positioning, improving its growth prospects and profitability. Key Details of the Fortress Deal: - $2 Billion Agreement: SoFi partners with Fortress to expand its personal loans business by referring pre-qualified borrowers to loan origination partners and originating loans on behalf of other entities. - Revenue Diversification: This deal aligns with SoFi’s strategy to focus more on less capital-intensive sources of revenue, tapping into fee-based business models that will help the company scale. - Stock Surge: Following the announcement, SoFi stock rose sharply, gaining over 10% in Monday’s trading session. Financial and Strategic Outlook: In recent months, SoFi’s stock has seen renewed momentum, pulling off from its August lows. The company’s lending services revenue rose 3% year-over-year in Q2 to about $340 million, accounting for over half of its total quarterly revenue. With third-quarter results expected later this month, investors are eagerly watching for more signs of progress in SoFi's financials. Anthony Noto, speaking at a Goldman Sachs conference in September, expressed optimism about the success of SoFi’s lending business. Noto noted that the company has significant room for growth, particularly in a low-rate environment. Technical Analysis: From a technical standpoint, SoFi stock (NASDAQ: NASDAQ:SOFI ) is displaying strong bullish momentum. The stock is currently up 10.1% and has formed a long bullish harami candlestick pattern, which often signals a continuation of a positive trend. The stock’s RSI sits at 80, suggesting it is currently overbought, so some caution may be warranted. However, the presence of a golden cross on the daily price chart—where the 50-day moving average crosses above the 200-day moving average—further supports a bullish outlook. Historically, golden crosses signal the beginning of a strong upward trend. Conclusion: With SoFi’s innovative $2 billion loan agreement with Fortress Capital, the company is set to solidify its position in the personal loans sector. The deal provides a new source of revenue for SoFi (NASDAQ: NASDAQ:SOFI ), which continues to leverage its platform to attract new users and boost profitability. As technical indicators remain bullish, and with third-quarter results around the corner, SoFi’s stock could have more room to run. Investors should keep an eye on this rising star in the fintech space as it navigates the evolving digital financial services landscape.
NASDAQ:SOFILong
by DEXWireNews
SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND! NASDAQ:SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND! Everything is FINALLY looking on track for NASDAQ:SOFI stock! See analysis below and my Symmetrical Triangle Breakout trade details at the bottom of the post! Not Financial Advice. STOCHASTIC UPTREND MACD UPTREND & BREAKOUT OVER ZERO LINE RSI UPTREND STOCK PRICE UPTREND SYMMETRICAL TRIANGLE BREAKOUT - MEASURED TRIANGLE: 727 BARS - BREAKOUT MOVE 727 BARS HIGHER (86.87%) $15.63 - TAKE PROFITS: TOP OF THE TRIANGLE (39.78%) $11.70 - STOP-LOSS BELOW MA's AND VOLUME SHELF 2.5 RISK TO REWARD (15.89%) $7.04
NASDAQ:SOFILong
by RonnieV29
5
$SOFI - Loading up!NASDAQ:SOFI I have tripled my option positions on SoFi. I have rebuilt my positions after taking profits on the run-up. I may accumulate more if it goes down, what used to be a major resistance area has now turned into a major support. It is forming a higher base for the next leg up. I remain optimistic about the targets that I laid out in the previous chart. Why? Three reasons: 1. Noto clearly stated before the Fed's interest rate cut that 50 basis points would be very good for SoFi. The market shrugged it off. 2. Shorts are currently nervous. They are getting burned in semi, tech, and China shorts. Everything is going up. If you are short, this has got to get to your nerves. They will start to cover. This is what is happening with $RKLB. NASDAQ:SOFI and fintech stocks are next. 3. The chart setup. It is clearly forming a higher base. It has so far refused to break down below the support region. It looks like a successful check back to the inner trendline. Volume is going lower on the decline. Oh, need I mention my stage analysis chart? As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
NASDAQ:SOFILong
by PaperBozz
1
SOFI Technologies (SOFI) - Cup and Handle Pattern on the 1-Hour SOFI Technologies (SOFI) - Cup and Handle Pattern on the 1-Hour Chart! We’re spotting a textbook cup and handle pattern forming on the 1-hour chart for SOFI, signaling a potential bullish breakout. Here’s the breakdown: Cup Formation: The stock has formed a rounded bottom, completing the "cup" part of the pattern, with the key resistance (neckline) at $8.20 on the 1-hour timeframe. Handle Formation: A pullback from $8.50 to the $8.00–$8.18 zone has formed the "handle," where the price is consolidating before a possible breakout. Key Levels: Neckline (Resistance): $8.20 – This is the critical level to watch on the 1-hour chart. A breakout above $8.20 with strong volume will confirm the pattern and signal upward momentum. Target: If the stock breaks above the neckline, the next target could be $10.00, calculated from the depth of the cup. Strategy: I’ve left my previous position open from $7.67, expecting further upside if the pattern plays out. I’m also setting my stop-loss just below the neckline, around $8.10, to protect against a false breakout while giving room for the handle to fully form. Volume Confirmation: Look for increased volume as the price pushes past $8.20 to confirm the breakout and validate the cup and handle pattern. Keep an eye on this setup on the 1-hour chart, as a breakout could trigger significant upside!
NASDAQ:SOFILong
by TrendShredder
SoFi - Potential Bullish Reversal | Entry at $7.67NASDAQ:SOFI - Potential Bullish Reversal 🚀 | Entry at $7.67 I entered NASDAQ:SOFI at $7.67, and here's my analysis of the stock: After a long period of volatility in 2021-2022, SoFi Technologies has been consolidating since mid-2023. Over the past few weeks, we’ve seen the early formation of an upward channel, signaling a possible bullish reversal in the near future 📈. Key Points: • Channel Formation: Price action is moving within a rising channel, making higher highs and higher lows. This is a strong indicator of upward momentum building. • Moving Averages: Shorter-term MAs are starting to curl upward, approaching a potential crossover with the longer-term MAs. This could be a signal of a trend reversal. • MACD: The MACD shows signs of bullish divergence, with the MACD line crossing above the signal line—pointing towards growing buying momentum. • Support/Resistance: o Key support around the mid-2023 consolidation level. o Watching for resistance near the top of the rising channel and potential breakouts toward earlier highs from 2021-2022. Next Steps: I'll be watching closely for a breakout above the channel’s upper boundary, which could signal further bullish momentum. For now, I'm holding and waiting to see if this potential reversal plays out. What are your thoughts? Is NASDAQ:SOFI ready for the next leg up? Let me know in the comments below!
NASDAQ:SOFILong
by TrendShredder
SOFI StructureHello All! IMO, SoFi is setting up. A CHOCH pattern on the Daily has been created, and it's retracing to previous resistance around $6.80/6.75. A few other confluences I like are a double bottom on the daily, and the Daily impulse to the downside is almost all one color. If price closed below $6.33/$6.20s, then made a Higher Low with clear continuation then, the CHOCH pattern would become invalid, and I'd think of a sell. SoFi moves very slow, so the patience is a lot. Locked in and ready for whatever price wants to do!🔒👩🏼‍💻
NASDAQ:SOFILong
by thattradergirl