SOFI Technical Signal Analysis
SOFI have 0 buy signal and 3 sell signals now. The current trend is uptrend starting from 2025-04-07. The total price change during this trend is +8.62%. Recently, the price has decreased but the volume has also decreased, indicating a potential rebound signal. The average turnover of SOFI over last 5 trading day is $734,043,302.16
0 Bullish Signal
3 Bearish Signal
Name
Signal
Value
Meaning
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-1.96
Momentum (10 days)
MOM_10 < 0
-1.14
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.8
0 Bullish Signal
Name
Signal
Value
Meaning
SOFI Support and Resistance Level
The support levels for SOFI are at 9.14, 8.22, and 6.74, while the resistance levels are at 12.12, 13.04, and 14.53. With the current stock price at 10.71, it is leaning more toward the resistance levels.
SOFI Technical Analysis
Technical Analysis of SOFI Stock
Price Overview:
- Current Price: $12.87 (as of 2025-03-21)
- Volume: 40,043,913 (high volume indicates strong interest)
Technical Indicators:
- RSI: 57.99 (6-period), 47.89 (12-period), 46.81 (14-period) - Not overbought, but approaching.
- StochRSI: 98.82 (K), 89.67 (D) - Overbought signal.
- MACD: Line (-0.67) slightly below Signal (0.13) - Mild bearish signal.
- SMA: Trading above 20, 50, 60, 200, and 250-day SMAs (bullish), but below 10-day SMA (short-term weakness).
Fibonacci Levels:
- Resistance: $12.74, $13.23, $14.03
- Support: $11.14, $10.65, $9.85
News Impact:
- Insider Selling: EVP sold shares, may impact confidence.
- Executive Order: Potential changes in student loan servicing, but SOFI's role as a refinancer might mitigate impact.
Analyst Sentiment:
- Mixed ratings with a median target of $13.00.
Conclusion:
The stock is at a resistance level ($12.74). A breakout above this level could signal a buy, while failure to breach may lead to a pullback. Considering the bullish SMAs and potential upside, a buy is recommended if the stock breaks above resistance.
Recommendation: Buy SOFI stock if it breaks above $12.74, targeting $13.23.
SOFI FAQs
Which bearish technical signals does SOFI have?
Bearish technical signals of SOFI include: AO_5_34 < 0, MOM_10 < 0, MACD_12_26_9 < 0.
How reliable is technical analysis?
How can I use moving averages to set entry and exit points for SOFI stock?
Is SOFI a buy based on overall technical signals summary?
SOFI Buy or Sell
SOFI has 0 buy signals and 3 sell signals now. Overall the technical rating for SOFI is Sell.
SOFI Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a positive trend with the 10.71 above the SMA_5. In the short term, the stock shows a negative trend with the 10.4 below the SMA_20. In the mid term, the stock shows a negative trend with the 11.75 below the SMA_60. In the long term, the stock shows a positive trend with the 13.82 above the SMA_200.
Swing
Stock Price Above SMA_5
Short Term
SMA_5 Below SMA_20
Mid Term
SMA_20 Below SMA_60
Long Term
SMA_60 Above SMA_200
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What do technical indicators suggest about SOFI's current trend?What are SOFI's key support and resistance levels?