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SOFI TECHNOLOGIES, INCSOFI TECHNOLOGIES, INCSOFI TECHNOLOGIES, INC

SOFI TECHNOLOGIES, INC

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SOFI trade ideas

$SOFI Potential Movement (11/11/24)Hey Traders, What a day! We saw a powerful move to the upside, a dream scenario for those holding long positions. Closing at $13 after starting from $12 this week—what a ride! On the 1-hour chart, we’ve got a previous higher high and a structural break that might see a retest in Monday's pre-market if profit-taking kicks in. There’s also a gap at the $11.50 level to keep an eye on! Should the rally continue, look for a test of strong resistance at $13.90 on the weekly chart. As always, trade with discipline and lock in those gains to build a stronger future! David Diz-Plin Trading
NASDAQ:SOFI
by DizPlin
SOFI - Great long-term playSoFi is a financial-services company that was founded in 2011 and is based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its clients' finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020, the company also offers payment and account services for debit cards and digital banking. Despite reporting impressive results for the first and the second quarter, SoFi Technologies (NASDAQ:SOFI) remains a beaten-down stock. This is an opportunity for investors to buy the dip. The management has taken a conservative route towards growth and is moving from unsecured loans to secured loans which may show slow growth in the near term but could be beneficial in the long-term. These days, SoFi Technologies offers a one-stop solution for everything finance and continues to see high member growth. It ended the second quarter with 8.8 million members, a 41% YOY jump. SoFi’s revenue came in at a record $599 million, up 22% YOY and the net income was $17 million, an impressive shift from the loss in the prior period. Its financial services segment revenue soared 80% and generated $176.1 million. This was also the company’s third consecutive quarter of profitability and I think this momentum is set to continue. When SoFi reported its first quarterly profit, the market was unsure whether it would be able to sustain it, however, it will soon report one full year of profitability. As such, I think the company has managed to reach a place where investors can stop worrying about the profitability or the member growth. It is aiming for a revenue of $625 to $645 million for the third quarter. Trading at $8, SOFI stock is an ideal bet for the long-term investor to double their money. This is more of a long-term idea - keep this in mind! Short float: 17.95% Lots of recent block buys: Friday August 23, 2024 Block Trade: SOFI 1.2M @ $7.44 below bid of 7.51 Thursday August 22, 2024 Block Trade: SOFI 1.2M @ $7.254 above ask of 7.2 Tuesday August 20, 2024 Block Trade: SOFI 1.3M @ $7.389 above ask of 7.37 Block Trade: SOFI 960,510 @ $7.389 above ask of 7.37 Block Trade: SOFI 1.5M @ $7.388 above ask of 7.37 Monday August 19, 2024 Block Trade: SOFI 569,589 @ $7.46 above ask of 7.45 Monday August 5, 2024 Block Trade: SOFI 719,500 @ $6.59 below bid of 6.6 Block Trade: SOFI 719,500 @ $6.61 at the ask Friday August 2, 2024 Block Trade: SOFI 672,000 @ $6.691 below bid of 6.72 Todays News: SoFi Technologies, Inc. SOFI shares are trading higher Thursday. The United States Supreme Court declined to revive the Biden administration’s student debt relief plan Wednesday. Shares of student loan servicers including SoFi are trading higher following the court's decision. The court's denial is a potentially positive development for SoFi, as it stood to lose revenue from interest payments and loan origination fees if student loan forgiveness or deferment resulted from the SAVE plan. The Details: The Supreme Court rejected a Biden administration plea Wednesday that sought to revive the Savings on a Valuable Education (SAVE) plan to provide relief to borrowers with federal student loan debt. The court denied an emergency request filed by the administration to lift a nationwide injunction imposed by an appeals court. Breakout Zone: $8.30 Action: If the stock breaks above this area with strong volume, it might signal a continuation of the upward trend. Overall Market Sentiment: Currently, the market seems to be in a correction phase. It’s crucial to consider this sentiment when making trading decisions. Resistance Points: $9.00 $10.00 $11.50 $14.00 Surpassing these levels could signal a positive trend. Consider taking profits at these stages to realize gains. Trading Strategy: Take Profit (TP): Set a target at $17.00 Stop Loss (SL): Set at under $6.50 to mitigate potential losses. Chart Analysis: Please refer to the attached chart for detailed analysis of price trends and movements. Trading Advisory: Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities. Disclaimer: This content is for informational purposes only and should not be considered financial advice.
NASDAQ:SOFILong
by meitshels_smell_trades
18
SOFI ($SOFI) BANK: A FULL TECHNICAL & FUNDAMENTAL ANALYSIS! BUY!NASDAQ:SOFI SOFI BANK: A FULL TECHNICAL & FUNDAMENTAL ANALYSIS! Here is what we are going to deep dive into in this video: 1.) Review Sofi's earnings report from this morning 2.) What SOFI's charts are telling us, using my "High Five Setup" trading strategy 3.) A look at the fundamentals of the company and what score /6 SOFI received on my "Valuation Pro Analyzer" Let me know what you think of my analysis in the comments below. What stocks do you want to see next through my strategies and tools? Did you buy the dip on NASDAQ:SOFI ? LIKE l FOLLOW l SHARE Not financial advice.
NASDAQ:SOFILong
by RonnieV29
SOFI Long/Mid Term Technical scienceThis is a weekly chart. Today the market wicked through the consequential encroachment(CE) (CE is 50% of a wick or gap) of an old wick from the last week of July 2023 but did not close above the CE. I see this as a potentially bearish signature. Next week, if price starts closing above that CE, I would expect to see price soon go above the high of that old wick with a possible target of around 17.17—17.35. If the market does not close above the CE then I would expect to see the market move down below 9.01 the 10/14 NWOG Low (new week opening gap low) because there is confluence with the NWOG Low (9.01), the mean threshold (mean threshold is 50% of a candle’s range) of the bearish candle from the first week of Jan 2024 (8.99) and 50% of the current dealing range (8.86). One possible target could be 8.13; the highest annotated bullish order block (OB 1W). Though the market could also have a bullish reversal somewhere between 8.86 and 8.13. Another possible target is the lower annotated bullish order block at 7.46. I favor the lower 7.46 order block because of its confluence with the mean threshold of the bearish candle from the first week of Sept 7.42 and the 25% level of the current dealing range……but we’ll see. I’ll need more data from the chart to determine if it will continue lower to take out the 6.01 level or reverse to take out the 11.70 level.
NASDAQ:SOFIShort
by hornkid
WE GOT A 5/5 TRADE SETUP ON $SOFI! Cup n Handle about to BUST! NASDAQ:SOFI 🖐️WE GOT A 5/5 TRADE SETUP ON SOFI My trading strategy consists of 5 Indicators: 1.) A clear and clean Charting pattern setup. ✔️ For this chart that is a CUP N HANDLE pattern which is about to breakout. 2.) A Volume Gap to fill and strong buying area. ✔️ Volume gap up to $13. 3.) The MACD up trending. Crossing Zero line = Bullish ✔️ We have crossed the Zero line and up trending beyond it at this time. 4.) RSI rising and making higher lows. ✔️ Up trending and just crossed the Upper RSI band. Higher lows are being made on this chart. 5.) Weekly Stochastic Up Trend. Most bullish once it crosses up through lower band or bearish once it crosses down through upper band. ✔️ Clearly are up trending on this charts stochastic and just crossed upper stoch band. Short🎯 $11.70 Long🎯 $15.83 Bonus: Bullish sentiment behind the name and lots of catalysts. Hope you enjoyed! Like ❤️ Follow 🤳 Share 🔂 Not financial advice.
NASDAQ:SOFILong
by RonnieV29
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