SOFI TECHNOLOGIES INC (SOFI) Stock Technical Analysis
NASDAQ:SOFI - Nasdaq - US83406F1021 - Common Stock - Currency: USD
Taking everything into account, SOFI scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SOFI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SOFI did better than 98% of all other stocks. On top of that, SOFI also shows a nice and consistent pattern of rising prices.
SOFI is part of the Consumer Finance industry. There are 53 other stocks in this industry. SOFI outperforms 96% of them.
SOFI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SOFI is lagging the market slightly.
SOFI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
SOFI has an average volume of 74061800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SOFI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 21.20, a Stop Loss order could be placed below this zone.
More info and screens
17.70
22.81
2 important support areas can be observed.
- A support zone ranging from 20.98 to 21.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.88 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @22.58 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SOFI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOFI is up. |
| ChartMill Relative Strength | 98.04 | POSITIVE | SOFI has a high relative strength, it outperformed 98.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOFI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOFI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SOFI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.86 | NEUTRAL | The RSI value for SOFI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests SOFI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.94 | NEUTRAL | The Stochastics value for SOFI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.3 | HIGH VOLATILITY | The high ATR as a percentage value for SOFI suggests high volalility. |
| Average Directional Index/ADX (14) | 39.85 | POSITIVE | The high ADX value value for SOFI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
22.1
+0.02 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg0.09%
1 Week4.1%
2 Weeks4.25%
1 Month4.25%
3 Month67.68%
6 Month48.22%
12 Month232.83%
2 Year155.2%
3 Year273.31%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.26
ATR(20)%5.3%
ATR Inc-39.03%
Range Today0.64
ADR(20)1
ADR(20)%4.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.04
Mansfield4.97
10 Day High25.11
10 Day Low20.43
20 Day High25.11
20 Day Low19.82
52 Week High25.11
52 Week Low6.47
CS1 End21.2
CR1 Start22.58
Volume & EV
DER(3)2.76%
DER(5)0.26%
Volume49.15M
Volume Incr-40.68%
Vol(5)49.52M
Vol(50)74.06M