SOFI expect short term rally to continue as 9 swingsSOFI favoring upside within the sequence started from August-2024 low and expect small upside to finish the (3) started from 10-September-2024 low before it should pullback in (4). The next pullback in (4) can provide buying opportunity for final push higher before it should correct big against August-2024 low.
SOFI trade ideas
Aiming for Breakout: SOFI's Potential Rally AheadRecent Performance: SOFI has shown remarkable resilience in the face of market
turbulence, rising by nearly 2% on days when the broader indices were in
sharp decline. This is particularly noteworthy, given the significant
pullback experienced by major market indices. The stock recently traded near
key resistance levels of $13.80, indicating potential opportunities for
further gains if these levels can be breached.
- Key Insights: With SOFI demonstrating strength amid broader market sales,
traders should closely monitor its movements around the key resistance
levels of $13.80 and $14. A successful break through these resistance points
could pave the way for upward movement towards the mid to high teens. The
stock has also shown positive momentum, closing near the top of its recent
trading range.
- Expert Analysis: Market sentiment surrounding SOFI has shifted dramatically,
with current sentiment at 72.5 compared to just 28.33 last week, indicating
a strong reversal in perception. Experts suggest that if SOFI continues to
maintain this positive trajectory, it could become one of the notable
performers in a volatile market. The consensus leans toward a bullish
outlook, particularly if it can sustain its momentum.
- Price Targets: Based on the wisdom of all professional traders, next week's
targets for SOFI are as follows:
Target 1: $14.50
Target 2: $15.00
For stop levels, traders should consider:
Stop 1: $13.00
Stop 2: $12.50
For a longer-term view, if SOFI can break sustained resistance levels, targets
above $16.00 are conceivable in the next month.
- News Impact: Recent company news indicates that SOFI's operational income has
surged, contributing to bullish sentiment in the market. Additionally, the
company's positive quarterly earnings report and its ability to close above
key moving averages have reinforced investor confidence. Monitoring any
forthcoming press releases or earnings reports could provide crucial
insights for traders.
- Sentiment analysis results for SOFI: current sentiment is at 72.5, a
significant change from last week's figure of 28.33, indicating a sentiment
shift of 44.17 with a total of three mentions across various sources.
Traders should factor in this growing interest as a potential catalyst for
volatility.
$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
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 $6.50 to mitigate potential losses.
Chart Analysis:
Please refer to the attached chart for detailed analysis of price trends and movements.
Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.
Disclaimer: This content is for informational purposes only and should not be considered financial advice.
SOFI ($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 ?
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Not financial advice.
SOFI - 7/17 - THE STOCK GAUNTLET CONTINUES! SOFI TECHNOLOGIES⚔️🛡️ THE STOCK GAUNTLET CONTINUES!
STOCK/ TRADE SETUP UPDATE: 7/17
7⃣ SOFI TECHNOLOGIES - SOFI
Video analysis:
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NFA #TradingTips #HIGHFIVESETUP
NASDAQ:SOFI
NASDAQ:SOFI
$SOFI FALLING WEDGE- EASY $9 BUY NOW The falling wedge is a bullish formation that starts with a wide top and narrows as prices decline. This movement creates a cone shape that slopes downward as the reaction highs and lows come together. Unlike symmetrical triangles, which lack a clear slope and bias, falling wedges unmistakably slope downward and exhibit a bullish bias.
Buy now and hold until the Earning
Is $SOFI in rally-mode?NASDAQ:SOFI has been on my radar for some months... Despite a sharp 9.3% drop post-earnings, it’s already fighting its way back up. SoFi reported a solid double beat in Q3 earnings, outpacing expectations on both revenue and EPS. Now, a quick 9% nosedive would normally leave any stock bruised and staggering for a bit, but not $SOFI. This bounce-back we’re seeing isn’t just a reflex; it’s got the hallmarks of a stock that's bottomed.
$SOFI - What's next?NASDAQ:SOFI Since all 4 targets that I published have been hit, 🎯here are my new targets:
$12 (resistance)
$12.70
$13.67
$15
I don't expect it to go straight up as we are in overbought territory. It will have to consolidate before the next leg. $10.50 is now support. 👀
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
$SOFI earnings TuesdayNASDAQ:SOFI earnings Tuesday morning! 4 straight quarters of profitability is inbound and bears won’t be able to see @SoFi as an unprofitable company anymore. 180m shares that have been sold short are now officially underwater.
Q3 Estimate
Members: 715,000k
Products: 1.1m
Revenue: $650m
EPS: $0.05
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.
Called out $SOFI before it's epic move! Where is it going next? Posted about this massive trade setup on NASDAQ:SOFI over a week ago. Hopefully you got on this train. Now that we've had a parabolic move on this name lets go to the charts and see what's going on with the name and where it will go next.
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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!
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Not financial advice.
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.*
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