SOFI TECHNOLOGIES INC (NASDAQ:SOFI) – A Strong Growth Candidate Meeting Minervini’s Criteria

SOFI TECHNOLOGIES INC (NASDAQ:SOFI) has emerged as a compelling candidate for growth investors, meeting both the technical requirements of Mark Minervini’s Trend Template and exhibiting strong fundamental growth characteristics. The stock’s recent performance and financial metrics suggest it could be well-positioned for further upside.

Why SOFI Fits the Minervini Trend Template

Minervini’s strategy focuses on identifying stocks with strong upward momentum and technical strength. SOFI meets these criteria:

• Price Above Key Moving Averages: The stock is trading above its 50-day ($15.31), 150-day ($14.44), and 200-day ($13.72) moving averages, confirming a bullish trend.
• Upward-Sloping Moving Averages: Both the 150-day and 200-day MAs are trending higher, indicating sustained positive momentum.
• Strong Relative Strength: With a ChartMill Relative Strength (CRS) score of 97.85, SOFI outperforms nearly 98% of all stocks.
• Near 52-Week High: The stock is trading within 4% of its 52-week high ($21.86), a sign of leadership.
• Significant Price Appreciation: SOFI is up 180% over the past year, well above its 52-week low of $6.01.

High Growth Fundamentals

Beyond technical strength, SOFI demonstrates accelerating growth:

• Earnings Growth: EPS surged 440% year-over-year (TTM), with quarterly growth rates exceeding 100% in recent quarters.
• Revenue Expansion: Revenue grew 26% in the last fiscal year, with consistent beats on analyst estimates.
• Profitability Improvement: The company turned profitable, with a trailing twelve-month (TTM) EPS of $0.17, up from losses in prior years.
• Positive Revisions: Analysts have raised next-year EPS estimates by 7% over the past three months, reflecting optimism.

Technical Outlook

According to ChartMill’s technical report, SOFI scores a perfect 10 on technical strength, supported by:

• Strong short- and long-term uptrends.
• High liquidity with average daily volume exceeding 67 million shares.
• Support levels at $16.09 (daily trendline) and $10.76 (weekly trendline).

While the setup rating is currently lower (3/10) due to recent volatility, the stock remains a high-momentum candidate for investors comfortable with its growth trajectory.

For a deeper technical breakdown, review the full technical report on SOFI.

Our High Growth Momentum + Trend Template screener lists more stocks with similar growth and technical strength.

Disclaimer

This is not investing advice. The article highlights observations at the time of writing, but investors should conduct their own analysis before making decisions.