Get started
SoFi Technologies, Inc.SoFi Technologies, Inc.SoFi Technologies, Inc.

SoFi Technologies, Inc.

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options Bonds

SOFI trade ideas

Sofi contraction into earningsThis will be the most important earnings report in Sofi history. Since becoming profitable if the company can cement another profitable quarter the market will most likely be very happy. Sofi has been stuck in this megaphone pattern since last September. We need to retest this red resistance before a topside of the megaphone to be tested. The topside profits just over a 10$ stock price. -I have added to my June 10$ calls that I took profit on last pump -My last profit take covered my initials and I have been bag holding ever since -11.14$ remains my target, if SOFI is not profitable this earnings I will capitulate and free up the capital for both spot and options
NASDAQ:SOFILong
by Apollo_21mil
SOFI EARNINGS CHART, BRING YOUR BEAR SPRAY. BIG DROP TO UNDER $5Current price takes it down 36% to price target. Closes the gap on the weekly. Earnings at this specific time when things like yesterday happened on the big stocks. And Snap going 30% up after going down big in the morning. This move fits within the currently reality of price movements. Even if we head up some 12% on the day and it's bullish, watch for the drop into the AH. Could be really big. Good news for bulls, the price target at 4.45 to 4.9 is an entry target to go long up to 17. But it would be good to see the downside first on this earnings call. And setup for a big run as the meme stocks start to fly. Mid 6 is support and could see a bounce and maybe we see the rest of the downside on Monday finish out throughout the next few days. Good luck with whatever you choose on earnings!! Personally, I see the downside coming. But I'd like to see some upside today on sofi to really pull the price swing to a pretty large percentage move, and give puts some more upside. But I'm not sure as I haven't looked at this stock in awhile. Price targets and trends are marked. Those should be fairly good to use, but with earnings, it will break a lot of them quick in both directions. But more so on the downside. The orange trends are fairly strong rejection trends. The support trend is fairly strong. BUT the weekly has a wicked nasty last drop showing. I'd say normally we'd hold that support trend, but they have been breaking hard in the AH earnings moves.
NASDAQ:SOFIShort
by nicktussing77
11
SOFI - Complete Analysis (+50% Potential in 1Y)TECHNICAL The chart for SoFi Technologies indicates a sideways market with key support around $6.57 and resistance near $10.27. The declining trend line suggests bearish momentum. Current price action is near the lower support level, showing potential undervaluation. Volume profile shows more trading activity at higher price levels, implying resistance ahead. FUNDEMENTAL Performance: SoFi's Q4 results were strong, with a notable increase in total net revenue and a shift to net income, surpassing market expectations. Growth Projections: The CFO predicts substantial growth for 2024, with the Financial Services business expected to grow by 75% and the Tech Platform segment by 20%. Product Uptake: Approximately 30% of product sales are from existing customers, indicating efficient marketing and potential for increased profitability without the need for additional customer acquisition costs. Stock Outlook: Given the company's trajectory and market positioning, the analysis suggests a 67% upside potential for SOFI stock over the next two years, supporting a "Buy" recommendation on the current price dip. Valuation: While SOFI’s forward non-GAAP P/E ratio appears high, long-term market undervaluation is suggested based on aggressive EPS growth forecasts. Risks: Valuation methods and the predicted rapid EPS growth could be flawed; high deposit and operating costs are concerns but expected to be offset by the company's tech and service advancements. Conclusion: The potential for significant stock appreciation is identified, with a reiterated "Buy" rating and a recommendation to take advantage of the current lower stock price.
NASDAQ:SOFILong
by dominicflo97
SOFI LongWeekly SMA20 bollinger band, plan to Long above SMA20, in up band. Long 8 Stop 6.5 Target 15 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account. plan#1 BuyToOpen Sep Call spread C10/15 (C10 Delta 0.44 ) Limit 0.96 -0.30 = 0.66 SellToOpen Sep Put P6 (Delta -0.2) Limit 0.6 Cost "0", if price stays between 6.5 and 10, no loss. stop at 6.5, may loss $1 x 100. max loss 600 if price down to $0. plan#2 BuyToOpen 2025 Jan Call spread C10/17 (C10 Delta 0.51 ) Limit 1.44=0.44 = 1 SellToOpen 2025 Jan Put P5 x2 (Delta -0.14) Limit 0.5 x2 Cost "0", if price stays between 5 and 10, no loss. Willing to buy SOFI stock at 5, max loss 5 x 200 if price down to $0.
NASDAQ:SOFILong
by PlanTradePlanMM
1
$SOFI - Could be turning bullishNASDAQ:SOFI Sofi is facing resistance from the POC (Point of Control), but several technical indicators suggest a potential bullish trend. The MACD is about to do a bullish cross, indicating a possible upward momentum. Additionally, the RSI, Momentum, and Accumulation/Distribution indicators are turning upward. If Sofi achieves a weekly close above $8, it could create the necessary momentum for further upward movement. 🚀 Targets: $8.45 $9.50 $12.45 $14
NASDAQ:SOFILong
by PaperBozz
SoFi's Surge: Unveiling 2023 and What Lies Ahead in 2024Technical Analysis Overview Current Price : $10.34, a 3.77% increase. Weekly Trend : Showing a positive trend with a 5.35% increase over the last five days. 1-Month Trend : A significant increase of 51.96%, indicating strong bullish sentiment. 6-Month and Yearly Trends : A 17.04% increase over the last six months and a 124.51% increase year to date, highlighting a robust bullish trend. Advanced Technical Indicators Relative Strength Index (RSI) : 70.41 - Indicating that SOFI is nearing overbought territory, which could lead to a potential reversal or consolidation in the short term. Moving Average Convergence Divergence (MACD) : 0.63 - Suggesting bullish momentum, indicating a strong buying trend. Other Indicators : STOCH (83.28), STOCHRSI (84.02), ADX (37.09), Williams %R (-8.57), CCI (104.63), ATR (0.46), Ultimate Oscillator (54.76), and ROC (24.66) all contribute to a picture of current bullish momentum but with potential for short-term volatility or pullback. Market Sentiment and External Factors Market Capitalization : $9.904B USD. Trading Volume Analysis : A high trading volume of 35,199,288, suggesting active market participation and interest in the stock. Recent News Coverage Impacting SOFI Bullish Outlook for 2024 : Analysts predict SOFI stock could continue its rally in the new year, benefiting from expected interest-rate cuts. A notable analyst has set a high price target of $14 for SOFI stock, implying significant upside potential ( InvestorPlace ). Focus on Non-Lending Businesses : Analysts appreciate SoFi's shift towards non-lending businesses, improving earnings quality despite a higher-for-longer interest-rate policy. Central Bank Policy Changes : Potential interest rate cuts in 2024 could benefit SoFi's lending business, as lower rates tend to spur borrowing and lending activity. Conclusion SOFI's stock shows strong bullish signs in the medium to long term, but the current overbought condition warrants caution for short-term traders. The recent news and analyst predictions provide a positive outlook for 2024, making SOFI an interesting stock for both traders and long-term investors.
NASDAQ:SOFILong
by Terrapins
7
SOFI: Bearish until channel is broken convincingly Sofi does banking differently and has great potential, but it is still a bank and banks are not a great investment right now. I don't see the price getting above the channel anytime soon. But that doesn't mean the stock is untradable. There are a couple of bearish scenarios at the moment. 1.Crash now: In this scenario price is on the intermediate C wave. In that case wave 3 should be in progress right now and price should be taking a nosedive. Breaking $6.4 will confirm the scenario. 2. Crash later: In this scenario price should complete Minor B wave triangle for intermediate wave B. In this case price should move sideways for a few more weeks before making a move higher to test the upper range of the channel. The channel might get broken as a fake out move before heading south. Until we see another all time high on SOFI, bull case is an alternative scenario for the moment.
NASDAQ:SOFIShort
by mukit1
SOFI still bearish. Turtle: Weekly Slow Turtle Sell signal has triggered. Closing below previous month low and breaks trendline support and 850 support. So far no weekly buy signal from SOFI yet MCDX : Retailer showing stronger momentum Banker Moving Average is curving downward Retailer Moving Average is curing upward FiFT : -ve turtnover. Bear is in control. No buy signal at the moment. Need to wait for long term play. Short term trade can look for reversal candle at 640 or next support zone at 480-500
NASDAQ:SOFI
by kgiap123
SOFI flat to slightly negative YTD LONGSOFIR showed here on the 30 -minue chart has had great volatility in going no where since the start of the year. Volatility can be harnessed for profit. This is the essence of swing trading. With an intermediate term anchored VWAP band and line setup, it can be readily seen that price first was resisted by the second lower band line in purple then broke out through the band lines to meet resistance at the second upper band line ( again in purple) and broke down through the band lines to get support at the first lower band and then reversed and returned to the second upper band where it was rejected and fell into the support of the second lower band from which it is now bouncing. This is a VWAP band oscillation pattern which can be traded. I will take a long trade of SOFI here, first targeting the mean VWAP at 8.05 and then 8.6 below the first band and finally 9.05 below the second upper band. Partial closures at 25%, 50% and 25% respectively. I see this as a way to exploit SOFI volatity in swing trade profits which can also setup as short trades.
NASDAQ:SOFILong
by AwesomeAvani
$SOFI - Ouch!NASDAQ:SOFI Ouch! The convertible note offering, together with a 21.7 million share dilution to retire some of the 2026 notes, broke the triangle setup. Note that EPS is not impacted by the 21.7 million share dilution, as it is calculated based on fully diluted shares, which already account for the 2026 notes. There could be further impact on the share price once we see the terms of the convertible notes and analysts' reaction to this news. Unlike previous sell-offs, this one has a material impact. Until I know more about the deal, I will not be adding to the position. In terms of technicals, if $7 fails to hold, there is a possibility that the price could see a quick trip down to the $6.45 to $6 area due to the volume gap.
NASDAQ:SOFI
by PaperBozz
1