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SoFi Technologies, Inc. Stock Forecast NASDAQ:SOFI

$19.25 (0%)

Volume: 0

Closed: Oct 29, 2021

Hollow Logo Score: 3.252

SoFi Technologies, Inc. Stock Forecast

$19.25 (0%)

Volume: 0

Closed: Oct 29, 2021

Score Hollow Logo 3.252
Which way will SOFI go? Request
Stop-loss: $18.16 (-5.66%)
Earnings Date: Nov 11, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 80 ] RSI14 is 67 and the stock is currently not being overbought or oversold

Red day on Friday for SoFi Technologies, Inc.
(Updated on Oct 29, 2021)


Buy or Hold candidate since 2021-10-06 Gain 15.82%

No changes to the price of SoFi Technologies, Inc. stock on the last trading day (Friday, 29th Oct 2021). During the day the stock fluctuated 0% from a day low at $19.25 to a day high of $19.25. The price has fallen in 6 of the last 10 days and is down by -1.89% for this period.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 29.82% during the next 3 months and, with a 90% probability hold a price between $21.80 and $28.22 at the end of this 3-month period.

Signals & Forecast

The SoFi Technologies, Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $20.25. On a fall, the stock will find some support from the long-term average at approximately $17.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, October 27, 2021, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

SoFi Technologies, Inc. finds support from accumulated volume at $18.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had a daily average volatility of 4.78%

Our recommended stop-loss: $18.16 (-5.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 days ago.)

Is SoFi Technologies, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SoFi Technologies, Inc. stock to perform well in the short-term.

Current score: 3.252

Predicted Opening Price for SoFi Technologies, Inc. of Monday, November 1, 2021

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

Fair opening price November 1, 2021 Current price
$19.25 $19.25 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Oct 11, 2021 "Morgan Stanley" gave "$25.00" rating for SOFI. The price target was changed from $16.21 to 1.2%.

Volatility and Risk
Daily Average Volatility: 4.78 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.78 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $19.62
Price: $19.25
Support: $18.39

SOFI Insider Trading Show all Trades

INSIDER POWER

4.565

Last 100 transactions
Buy: 18 116 337 | Sell: 3 968 333 (Shares)
Date Action Amount Person Type
Oct 20, 2021 Buy 330 905 Noto Anthony Restricted Stock Unit
Oct 01, 2021 Sell 49 016 Gill Michelle Restricted Stock Unit
Oct 01, 2021 Sell 24 303 Gill Michelle Common Stock
Oct 01, 2021 Buy 49 016 Gill Michelle Common Stock
Sep 27, 2021 Sell 101 663 Noto Anthony Restricted Stock Unit
Show all Insider Trades
INSIDER POWER

4.565

Last 100 transactions
Buy: 18 116 337 | Sell: 3 968 333 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 19.25 .
19.25 .
19.25 .
Current price: 19.25
Support 19.25 .
19.25 .
19.25 .

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 20.85 8.31 %
19.96 3.69 %
19.62 1.92 %
Current price 19.25
Support 18.39 -4.47%
16.84 -12.52%
14.99 -22.13%

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