Super performance candidate NASDAQ:SOFI has shown strong quarterly earning's growth, with its latest earnings quarter reporting 30% YoY, improving from losses to profits at an impressive rate
Being positioned as a Leader in the FinTech sector and significant institutional adoption, reflecting investor appetite and confidence
Aiding with a key Breakout day,
I have reasons to believe this security price could increase.
SOFI trade ideas
The Great Post-Covid Comeback Continued: SOFIBuilding on my series about stocks making some fairly epic comebacks off their lows, I now want to talk about SoFi, which I know many follow. SoFi, was at one point down 85% from its highs and was in the dumps. It was considered a failing bank.
However, it would appear that as I've been writing, emerging from the great Covid post-crash are companies that have stuck to it, worked their tails off, and stuck to the core business.
Once a pandemic-era darling, SoFi’s stock price crashed by a staggering 85% from its highs. The descent was brutal, a reflection of both overzealous initial valuations and the challenging macroeconomic environment that followed. But here’s the kicker: from its lowest point, SoFi has rallied an incredible 334%. Yes, that’s right, a more-than-threefold increase from its lows.
What I find compelling about SoFi is that its recovery reflects a broader trend. Like other pandemic high-flyers, SoFi has had to adapt to the realities of post-pandemic growth. It’s not just about bouncing back; it’s about proving resilience and relevance in a vastly different economic climate.
I am following these moves closely and have many more to post about. Stay tuned! Also, if you have any stocks that are making comebacks like this, let me know. I have already mentioned PLTR, APP, TWLO, CVNA, DASH, and more. But, much more is on the way.
Key spot on the board for SOFI On the MonthlyNever financial advice. Just offering perspective.
At a key spot for Sofi. In the midst of a monthly bearish imbalance, specifically a bearish fair value gap which holds more weight than a volume imbalance. We pushed off a bullish breaker which can be a solid indicator as a push up, with the the high of that green box acting as a support, followed by a strong bullish move.
16.47-17.13 is where the monthly bearish fvg begins and ends.
A monthly close(13days) above 17.13 would be encouraging for bulls, with no bearish imbalances on this higher timeframe.
If we cannot get a monthly candle close above 17.13 we can see a strong rejection, setting a new bullish range from most recent low to high, which we can then see a move back into discount.
My ideal bearish outlook: Monthly bearish imbalance reject, which is currently at 50% bearish discount, to retest bullish breaker + bullish fvg + monthly liquidity sitting at the low of previous month10.63. Targeting ----> 8.53- 10.63.
Ideal bullish outlook(continuation):
Monthly bearish imbalance mitigated here with a monthly candle close above here. Next points of liquidity ---24.65---24.95 as targets.
Ideal bullish outlook(entry or reentry):
Entering ----> 8.53- 10.63.
Be aware that this analysis is on a higher timeframe of a Monthly perspective and may take time to develop.
Potential Swing Trade on SoFiHello Traders,
If you're a swing trader, SoFi could be a longterm hold. I would like to see a little bit of a retest back to the failed swing line, or back to the 4HR CHOCH pattern that was created before pushing back up. I'm also noticing price did gap around 15.00/15.50 on the Daily, so that could be a key area to take the long. The weekly also looks good as it's making its way to close above 7 weeks of candles. My profit targets would be 18.50 and potentially 20.00. I've said it before- A lot of patience is required for this pair, but it does pay!
*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.*
SoFi Technologies (SOFI): Bearish Breakdown and Updated TargetsSoFi Technologies (SOFI) has shown clear signs of weakness after breaking below a head and shoulders pattern on its chart. While some speculate on a lofty $75.00 target, the technicals tell a different story.
🔍 Current Price and Technical Outlook:
SOFI is currently trading at $14.15.
The head and shoulders breakdown suggests further downside potential, with bearish momentum dominating.
🎯 Updated Bearish Price Targets:
1. First Target : $12.68
2. Second Target : $11.49
3. Third Target : $9.20
🚨 Stay Informed :
It's important to focus on realistic targets rather than hype. The technicals are pointing towards potential downside, so managing risk and setting clear exit points is crucial for traders and investors alike.
💬 Do you agree with these targets, or do you see a different trend forming? Let’s discuss in the comments!
Sofi approaches buy zoneSofi had a nice pullback as we expected. Note the firing off BBWP. This will reset volatility and momentum. I would love to see this stock hit the golden pocket like my other option selling stocks. I would also like to see stochastic RSI hit below 10-15.
My plan: Short-term bearish to 13ish
Sofi I like to simply buy LEAP calls and slowly sell and march them up. Currently I like Jan 2026/2027 20$ calls since it reduces my capital exposure but offers levered exposure. I have made a lot buying LEAPs on Sofi all last year. 13$ is my buy zone.
Sofi massive up and handle and targetSofi is prepping for a massive cup and handle projection. I expect this thing to correct for two more weeks alongside most markets. I believe SPX will correct another 3-4% into Jan 13th. I will be adding to my LEAP setups as we approach 13-14$. My target for this cup and handle projection is 24$, this may take some time. If the market remains macro bullish in 2025, this is likely before the end of May.
are you in sofi train or just enjoyinSOfi is one of the wall street and twitter fav but since past 2-3 years it is dominated by sellers. Now if you look at the chart black lines indicates vwap from sellers. currently at 16 every seller is in loss. Now today it has a breakout on volume. This past 2-3 month is month of SPAC. SOfi can still reach to its all time high to 28.
High FiveYesterday, we had a long wick candle which gave resistance a ' high five '(just touched it) and then closed within the downward channel. We have a few long wick candles in a unique place, but RSI and CCI levels are healthy and the braid filter has a speck of green.
Let's see if we can get a breakout of the parallel structure and then through the resistance.
If not further consolidation or a price drop.
Take Advantage of SOFI's Bullish Trend with Targeted TradesRecent Performance: SoFi Technologies Inc. (SOFI) has recently demonstrated
strong bullish momentum, benefiting from the overall rally in the technology
sector. The stock has exhibited notable volatility but has closed
positively, indicating a buoyancy in investor interest. This surge aligns
SOFI with other tech giants like Palantir and Tesla, both of which have
shown significant upward pressure.
- Key Insights: Investors should stay vigilant regarding critical resistance and
support levels. SOFI's current resistance is at $16.10, and a breakout above
this could pave the way towards a higher target at $16.60. Conversely,
monitoring the support level around $15.00 is essential; should SOFI remain
above this level, it may maintain its bullish trend despite broader market
fluctuations.
- Expert Analysis: The sentiment among industry experts leans positively towards
SOFI, especially if it manages to break through the $16.10 resistance. Some
concerns arise from the recent insider selling activity; a director sold 24
million shares, which, while potentially indicative of confidence issues,
has been partially offset by the positive trends in the tech sector.
Overall, the bullish nature of the market combined with SOFI's fundamentals
suggests a optimistic outlook.
- Price Targets: Targets for the upcoming week are as follows:
- Next week targets: T1 = $16.60, T2 = $17.00
- Stop levels: S1 = $15.75, S2 = $15.00
- News Impact: The trading atmosphere for SOFI is influenced by recent high
interest in technology stocks. While the insider selling of shares may
slightly dampen enthusiasm, the overall recovery of the tech sector provides
a backdrop for potential upward movement. Noteworthy market trends and
recovery patterns among peers further enhance the possibility of positive
price actions for SOFI.
Investors should keep a close watch on SOFI's interaction with these key price
levels and broader market cues to strategically position themselves for
potential gains.
Bullish Momentum Ahead for SOFI: Targeting $17 Next WeekRecent Performance: SOFI Technologies Inc. has shown a remarkable upward
trend, closing the week at around $16.40. The stock reached multi-year
highs, peaking at $16.61 during intraday trading. With SOFI trading above
its moving averages, this suggests strong bullish momentum that may attract
additional buyers.
- Key Insights: Analysts suggest that SOFI is on the brink of reaching the $17
mark soon, possibly by Monday. The company's recent strong performances
outshine many tech stocks, signaling a favorable environment that may
support further price appreciation. Investors should keep an eye on the
identified support level at $16, which may help mitigate risks during times
of volatility.
- Expert Analysis: Market sentiment around SOFI has shifted positively.
Financial analysts express a bullish perspective on the stock, connecting
its potential rise to broader trends in the fintech sector. The overall
favorable market conditions for technology stocks also contribute to the
optimism surrounding SOFI.
- Sentiment Analysis:
- Current sentiment: 82.5
- Last week: 28.33
- Change: 54.17
- Total mentions: 3
- Price Targets: Based on professional traders' insights:
- Next week targets: T1 = 17.00, T2 = 17.50
- Stop levels: S1 = 15.80, S2 = 15.50
- News Impact: SOFI has recently gained attention for achieving significant
milestones, including its two-year high. The ongoing innovations and
strategic initiatives within the fintech landscape underscore the company’s
growth potential. As technology stocks continue to attract investor
interest, SOFI remains a key player to watch moving forward.