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SoFi Technologies, Inc.

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SOFI trade ideas

SOFI 2/16/2022At least the Rams won the super bowl. SOFI The company went public Nov. 2020 and it started 2021 with a bang in Jan with price going from 13 and touching 28. Since then, it hasn’t done much and has not trended. Price has been moving in a sideways channel since Feb 2021 – Jan. 2022. Between 14 and 24 A death cross occurred in Dec. 2021 signaling a bearish market for SOFI. Jan. 2022, Price breaks down from price channel. Price now finds itself in a small downwards price channel since breaking down from the sideways market it was in. Price is currently at the top of this downward price channel. It is also at FIB 0.382 level on pullback move. Will be entering trade short. Entry: 13.02 Exit: 14.12 Target: 10.57 – RR ratio 2.29
NASDAQ:SOFIShort
by rudcharts
SOFI - Review Disclaimer - I presently have a small position in SOFI - I am down 33% roughly on this position. - My position is small, and it was started with the purpose in mind to build the position slowly over time, should SOFI keep going down. - I am only sharing my thoughts on the company, you are responsible for your own buying and selling decisions. - A drop below 10.15 can cause significant downfall in the price as well. And so you would have to have conviction to hold through. - I expect that the market may react very badly to upcoming earnings. - business is burning through capital to grow. - Currently, my biggest fear is stock price dilution. Anthony Noto (The man in charge! CEO) Was previously the Chief financial officer (CFO) and chief operation officer as well Was previously the CFO of the NFL! Also a managing director at Goldman Sachs. Anthony has been an inside buyer, recently purchasing just under 22,000 shares with an average price of roughly 13.90 ish. He owns almost 3 million in total shares. Introduction: A) Social Finance (SOFI) is a finance company: - Operates an online platform providing financial services. - It offers student loan refinancing, private student loans, personal loans, auto loan refinance, home loans, mortgage loans, and investments, as well as insurance products for renters, homeowners, automobiles, and others. - SOFI has officially received regulatory approval to become a bank. Mission statement: Our number one goal is helping our members get their money right b) - SOFI is aggressively acquiring other company's - As such, is not expected to record growth throughout 2022 as the costs are quiet significant. - SOFI had quartely consistent growth from Q1 2019 to Q3 2021 (Q4 and year end coming out soon!) Operating segments: Lending Technology platform Financial services SOFI is basically a bank - it operates as a bank. Bank of America rating: "Bank of America’s Mihir Bhatia said he was impressed by SoFi’s SOFI, -9.42% breadth of offerings as the company strives to be a “one-stop shop” for financial services. He initiated coverage of SoFi shares with a buy rating and $17 price objective Friday, writing that SoFi is “not just another neobank.” " www.marketwatch.com Building a competitive advantage - The Galileo SOFI is building the Galileo as a Moat or a competitive advantage, which can make them unrivalled. This can be quiet significant if it executes well. It is hard to understand what it is, and it is mostly a technology play - I am going to try to understand it as much as I can. Galileo is a leading Fintech infrastructure platform serving upcoming Neo banks (B2B) Where as a bank serves customers (Bank to customer), the Galileo is a technology being developed which will serve neo banks (From SOFI to Neo banks service). "Neobanks, sometimes referred to as “challenger banks,” are fintech firms that offer apps, software and other technologies to streamline mobile and online banking. These fintechs generally specialize in particular financial products, like checking and savings accounts. They also tend to be more nimble and transparent than their megabank counterparts, even though many of them partner with such institutions to insure their financial products." "The merger between SoFi and Galileo has created an impenetrable moat that enables them to serve multiple verticals across the Fintech ecosystem and maintain a strong competitive position." "Galileo Technology Platform: Galileo isn’t a bank and isn’t a regulated entity, but it empowers other Fintech platforms. Galileo provides an API (Application Programming Interface) and all the technology tools required to offer digital banking services without having a physical bank presence. It maintains a ledger, authorization settlement, fraud, fund movements and transfers all digitally and many more services." Neo banks/ or the fintech industry revolves around: Lending Companies Payment Gateway & Mobile Payments Companies International Money Transfer Companies Personal Finance & Budgeting Companies Peer-to-peer lending/Crowdfunding/Equity Financing Companies Consumer Banking Companies Insurance Companies Investing/Robo Stock Trading Companies Blockchain and Cryptocurrency Companies What Galileo does (as I understand it, and in simple terms) offers neo-banks (start up financial service providers) the platform (the solution) (the app) to allow them to run their business so that the customers of those neo-banks can have access to the banking services through their cell phones and computers. This is what is refered to as Banking-as-a-service industry, it provides payment processing platform and a variety of services for Digital Banking companies. Let's say you want to start up a new pet insurance company - you would contract SOFI for the app which customers would use and make monthly payments on and etx so you can focus on the insurance side of the business while SOFI takes care of the techonology side of the business. Generally speaking, all these neo bank are associated in major ways to actual real banks for the financial support they require to run. And SOFI is creating a competitive advantage where by the provide the software solution, along with the banking solution (now that they are technically a bank) and they will provide "BaaS can generally be understood as a fintech infrastructure that helps to reduce both the time and cost that fintech companies spend on getting regulatory requirements or licenses. As mentioned earlier, BaaS provides new digital banks and start-ups with third-party access to core systems and functionality so that they can integrate digital banking and payment services into their own product. BaaS reduces the technology requirements and capabilities to offer financial products such as maintaining account ledgers for different customer accounts that is required of a traditional bank." "Galileo is at the heart of the BaaS revolution. Galileo through its BaaS platform provides significant cost savings and should continue to play a major role in the future of Fintech because these small challenger banks benefit from lower customer acquisition costs and Galileo provides them with almost everything they need." Galileo has seen 6 consecutive quarters of accelerating growth. seekingalpha.com www.forbes.com Important concepts: - Can the fintech industry keep growing? - Are consumers going to move into these industries for banking needs? If you say yes to these two - you are likely onboard with the idea of Galileo. For Galileo to be a good investment, you have to think, they will continue to provide well as a bank. They will grow over 5 years (Which I think they might, should they be honest about their mission statement) Desired ROI: With price targets of $17, and three instances where the stock reached above $20, and the current climate (bearish) market conditions, you should think carefully about your investments, specially whereas earnings is around the corner for SOFI. A drop below 10.15 can cause significant downfall in the price as well. And so you would have to have conviction to hold through. SOFI is not expected to deliver growth throughout 2022, as they have their work cut out for them. It's hard to pencil out a desired ROI. If sometime this year, we reach the price levels of 17-20, perhaps I would sell. If we keep going down throughout 2022, I would buy more, but I would be careful to build the position slowly and methodically, and only should the conditions keep getting better. I expect that the market may react very badly to upcoming earnings. I think that beginning 2023, we could start see accelerated growth for SOFI and where as they deliver as a bank, and with the Galileo platform, I would want to see: $20 within the next 5 years $50-60 within 10 years An argument can be made it is speculative and expensive at the current price. I will keep watching it.
NASDAQ:SOFI
by tsx_trader
3
$SOFIDescription: Social Finance, Inc., a finance company, operates an online platform that provides financial services. It offers student loan refinancing, private student loans, personal loans, auto loan refinance, home loans, mortgage loans, and investments, as well as insurance products for renters, homeowners, automobiles, and others. The company also offers SoFi Weekly Dividend ETF, an equity ETF to provide a weekly dividend payment to shareholders. Social Finance, Inc. was formerly known as Credit-Linked Community Notes of Social Finance Inc. The company was incorporated in 2011 and is based in San Francisco, California with additional office locations in Healdsburg, California; and New York, New York. Industry: Credit Services
NASDAQ:SOFILong
by BADQOMOCAWGOWLD
5
SOFI is down $1, What's new. Sofi dropped nearly $1. The endless battle of buying and selling in the market has shown to be one straight out of the Avengers Endgame Movie. Beta is at 1.43 showing that its price movements are swaying back and forth. This stock can literally reach an all-time high and an all-time low in the same day, but that shows something. Something is stirring up. Prepare for the major breakout and expect great returns from this stock. Do not be fooled by the major downsides. There is a light at the end of the tunnel.
NASDAQ:SOFILong
by Berddho
2
Sofi about to pop?$sofi #sofi High volume rejection at highest VPVR level and now stuck in channel. Currently pressing the top and 34EMA. H8 close above would open up a 13% move to resistance. Close above $15 and a lot of open air. Very possible to get rejected again though so be patient. —————————————————————————————— Top 10 trading tips: 1. DO NOT FOMO into a trade. Let it come to you. Don’t force it. 2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind. 3. Let your winners run and cut your losers short. 4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win! 5. Before you enter a trade, know your target AND your exit strategy. 6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven. 7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc) 8. Don't fight the trend. The trend is your friend. 9. Don’t enter a trade based on one indicator. 10. Horizontals > Diagonals Please note: - This is not financial advice. - I do not take every trade I post. - Never trade off of someone else's chart until you DYOR!
NASDAQ:SOFI
by DaCryptologist
Reversal Imminent? NASDAQ:SOFI Been speculating that we are past the bottom of this current downtrend. Upcoming earnings/guidance coupled with being granted a bank charter may be catalyst enough to complete a reverse head and shoulders pattern and make its way back to the mid $14s for the completion. Volume declines have been consistent with the classic pattern and will be looking for an uptick in buying pressure soon to see this through. This would also indicate to me a potential reversal. This may present good buying opportunities in the mid $14s. Not advice, this is my own speculation
NASDAQ:SOFILong
by Diegolas_
SOFI: Many GOOD chart patterns around SUPPORT level.Hello traders and investors! Let’s see how SOFI is doing today! We’ll do a complete Multiple Time Frame Analysis (MTFA) and analyze the H, D and W charts. First, we see that SOFI is doing what seems to be an Ascending Triangle chart pattern in the 1h chart. It is reacting near its support level, which is expected, and in theory, it is heading to the resistance at $ 13.41. As someone who’s out, I see SOFI as a possible buy opportunity, as the Risk/Reward ratio makes much more sense for long trades than short trades. The time to short was at $ 24, when it did a Double Top pattern in the daily chart, now it makes sense to buy. Speaking of daily chart: I see an inclined Inverted H&S chart pattern, which is a bullish reversal structure. If SOFI triggers upwards its Ascending Triangle in the hourly chart, we’ll probably see a confirmation of a breakout of this IH&S in the daily chart. This dual-pattern confirmation is quite interesting to see. What’s more, this reaction couldn’t come in better time, as seen in the weekly chart: In January, we just retested its support near the IPO price level, around the $ 11, and SOFI is trying to stabilize now. The volume is increasing, another good indicator, and if it confirms the patterns we discussed before, it could seek the next resistance at its 21 ema, or even the $ 16 again. This is why I’m telling you, the Risk/Reward ratio is attractive, however, we must wait for better signs around. If you are already in, you must keep these points in mind, especially the support at $ 11, which SOFI must not lose at all cost. I hope I helped you here, and I’ll keep you guys updated on this, so, remember to follow me to not miss any of my future analyses.
NASDAQ:SOFI
by Nathan_The_Finance_Hydra
2
$SOFI - potential descending wedge breakout Sofi might be in a process of breaking out from the descending wedge. If the price break above $13.50, the pattern breakout is confirmed and the price could reach $18 near term. The resistance areas to watch are $13.35, $14.83 and $17.21. Target 1 - $14.83 Target 2 - $18 Risk - Unable to break above $13.35 and pull back to $11.75. ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines show support and resistance areas. - Fib lines also show support and resistance areas. - The dotted white lines show the price projection for breakout or breakdown target. Disclaimer: Not investment advice.
NASDAQ:SOFILong
by PaperBozz
2
There is still hope! Sofi has proven to be an underestimated because of its high volatile markets. There is plenty of evidence of a huge jump happening between the final weeks leading up to earnings to a week after. The last time there was a 10.50 stock price in SOFI was the start of an explosion to $27. Like in my previous idea, there is much evidence of averages telling us that the market is going up. The fact that they just became a bank that is offering plenty of incentives to convert customers and they are a low-cost bank. They do not have buildings like regular banks. They are a totally online which means they will definitely have higher earnings in ratio to debt than their counter partners. LOOK FOR THE LEAP
NASDAQ:SOFILong
by Berddho
SOFI Superbowl LVI hosted on the SoFi Stadium Two weeks ago you had the chance to buy SOFI at the SPAC price of Dec 2020. What a round trip it made! On Sunday, Superbowl LVI is hosted on the SoFi Stadium. It looks futuristic and will drive a lot of attention to its sponsor, SoFi, the online personal finance company that paid about $625 million for a 20-year naming rights deal. My short term price target is the $14.15 resistance, but it can easily go to $17, which is the Bank of America`s price target for SoFi. Looking forward to read your opinion about it.
NASDAQ:SOFILong
by TopgOptions
9
SoFi: A Catalyst Saturated Fintech About To Drive Rapid GrowthSoFi has been beaten down, manipulated and ridiculed due to its SPAC origins… without even taking into perspective of the fast growth ahead of it. The biggest reason that SoFi hasn’t seen rapid growth so far is due to the Biden Administration Extending Student Loan Pause Through May 1, 2022. I firmly expect this to be the last extension. “The Department will continue its work to transition borrowers smoothly back into repayment…” When this ends in combination with SoFi recently getting its bank charter approved… Revenue and Profit Projections will be updated to the positive. SoFi has already started rolling out new features for members such as Margin trading, a 1.00% APY on both checking and savings (Market Leading) APY). More to come… I highly expect SoFi’s upcoming earnings to be solid with an incredibly positive guidance ahead of it. Many Major Analysts support this outlook with current ratings and price targets. My Opinion: $25+ is very realistic within the short term (2-4 months) $35-$45 by end of the year with continued expansion in provided products as well as operations through CONUS & Internationally. (Not a licensed financial advisor)
NASDAQ:SOFILong
by AlexCutler247
Idea for $SOFI]Hey guys, I have recently started trading and thought i'd share this cool trading idea, SOFI is currently in a descending channel right now, and it is near the 13.64 level testing it, if tomorrow we can break that resistance level I can see us breaking the trendline and bouncing bullish out of the channel. On the 5 minute chart it is also forming a symmetrical triangle pattern, and if we can break out of it, I am going in with calls. Hopefully we see some strong volume as well. However, there is a chance we break bearish and continue the channel down. We'll see what happens at opening bell guys, GOOD LUCK 🤞.
NASDAQ:SOFI
by Samizzzz