RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SOFI
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Red day on Thursday for SoFi
(Updated on Mar 28, 2024)

Sell candidate since Mar 22, 2024 PDF

The SoFi stock price fell by -0.82% on the last day (Thursday, 28th Mar 2024) from $7.36 to $7.30. During the last trading day the stock fluctuated 2.47% from a day low at $7.29 to a day high of $7.47. The price has been going up and down for this period, and there has been a 3.55% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 million shares and in total, 30 million shares were bought and sold for approximately $217.40 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.89% during the next 3 months and, with a 90% probability hold a price between $5.86 and $7.53 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

SOFI Signals & Forecast

There are mixed signals in the stock today. The SoFi stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $7.34 and $7.88. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 5.49%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for SoFi stock

SoFi finds support from accumulated volume at $7.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.180 between high and low, or 2.47%. For the last week, the stock has had daily average volatility of 3.30%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SOFI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect SoFi Technologies, Inc. to open at $7.35, and during the day (based on 14 day Average True Range), to move between $6.96 and $7.64, which gives a possible trading interval of +/-$0.341 (+/-4.67%) up or down from last closing price. If SoFi Technologies, Inc. takes out the full calculated possible swing range there will be an estimated 9.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.27 (0.41%) than the resistance at $7.40 (1.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SoFi Technologies, Inc. stock A Buy?

SoFi holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.506 Sell Candidate Unchanged

Predicted Opening Price for SoFi Technologies, Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$7.35 ( 0.731%) $7.30

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SOFI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.53 3.20 %
R2 7.46 2.25 %
R1 7.42 1.67 %
Current price: 7.30
Support S1 7.28 -0.211 %
S2 7.24 -0.793 %
S3 7.17 -1.74 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.40 15.07 %
R2 7.83 7.26 %
R1 7.40 1.37 %
Current price 7.30
Support S1 7.27 -0.411%
S2 7.05 -3.42%
S3 7.03 -3.70%

FAQ

What is the symbol for SoFi Stock and on which exchange is it traded?
The symbol for SoFi is SOFI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell SoFi Stock?
SoFi holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy SoFi Stock?
SoFi Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy SoFi Stock.

What's the current price of SoFi Stock?
As of the end of day on the 2024-03-28, the price of an SoFi (SOFI) share was $7.30.

What is the 52-week high and low for SoFi Stock?
The 52-week high for SoFi Stock is $11.70 and the 52-week low is $4.45.

What is the market capitalization of SoFi Stock?
As of the 2024-03-28, the market capitalization of SoFi is 7.189B.

When is the next earnings date for SoFi?
The upcoming earnings date for SoFi is May 06, 2024.
Click to get the best stock tips daily for free!

About SoFi Technologies, Inc.

SoFi SoFi Technologies, Inc. provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company's lending and financial services and products allows its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans. The company also provides cash management, investment, ... SOFI Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT