SOFI TECHNOLOGIES INC (SOFI) Stock Technical Analysis
USA - NASDAQ:SOFI - US83406F1021 - Common Stock
We assign a technical rating of 10 out of 10 to SOFI. Both in the recent history as in the last year, SOFI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, SOFI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for SOFI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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25.90
We found 3 important support areas.
- A support zone ranging from 28.86 to 29.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.94 to 28.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.16 from a trend 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 | NEUTRAL | NEUTRAL | The short term trend for SOFI is neutral. |
| ChartMill Relative Strength | 95.34 | POSITIVE | SOFI has a high relative strength, it outperformed 95.34% 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) | 57.49 | NEUTRAL | The RSI value for SOFI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SOFI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 61.4 | NEUTRAL | The Stochastics value for SOFI is a neutral value. |
| Average True Range in percent/ATR (20) | 6.33 | HIGH VOLATILITY | The high ATR as a percentage value for SOFI suggests high volalility. |
| Average Directional Index/ADX (14) | 13.99 | NEGATIVE | The low ADX value for SOFI suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 32.57 | 28.85 | 3.72 (11.44%) | 8.74% |
| An entry @32.57. This is a Buy Stop order right above the 10 day high. | An exit @28.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.72 points, which is 11.44%. | For a 1.00% total portfolio risk, you can invest 8.74% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
30.95
+0.41 (+1.34%)
SOFI TECHNOLOGIES INC / SOFI FAQ
Can you provide the ChartMill technical rating for SOFI TECHNOLOGIES INC?
ChartMill assigns a technical rating of 10 / 10 to SOFI.
What is the trend direction for SOFI stock?
The current trend direction for SOFI TECHNOLOGIES INC (SOFI) is Bullish.
What is the RSI signal for SOFI stock?
SOFI TECHNOLOGIES INC (SOFI) has an RSI value of 57.4884. This indicates that the stock is currently neutral.
What is the short term momentum for SOFI stock?
The short term momentum for SOFI TECHNOLOGIES INC (SOFI) is neutral.