SOFI TECHNOLOGIES INC (SOFI) Stock Technical Analysis
USA - NASDAQ:SOFI - US83406F1021 - Common Stock
28.03 USD
+0.16 (+0.57%)
28.16 USD
+0.13 (+0.46%)
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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SOFI is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by SOFI over the past year are nicely spread over this period.
SOFI is part of the Consumer Finance industry. There are 55 other stocks in this industry. SOFI outperforms 96% of them.
SOFI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
SOFI has an average volume of 66884100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SOFI has a been trading in the 24.84 - 30.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, SOFI also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
22.34
28.31
3 important support areas can be observed.
- Support @26.40 from a trend line in the daily time frame.
- A support zone ranging from 24.92 to 25.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.57 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @28.03 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 | UP | POSITIVE | The short term trend for SOFI is up. |
| ChartMill Relative Strength | 95.88 | POSITIVE | SOFI has a high relative strength, it outperformed 95.88% 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) | 55.95 | NEUTRAL | The RSI value for SOFI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests SOFI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.26 | NEUTRAL | The Stochastics value for SOFI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.76 | HIGH VOLATILITY | The high ATR as a percentage value for SOFI suggests high volalility. |
| Average Directional Index/ADX (14) | 18.05 | NEGATIVE | The low ADX value for SOFI suggests a weak or negative 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)
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 |
|---|---|---|---|
| 28.04 | 26.39 | 1.65 (5.88%) | 16.99% |
| An entry @28.04. This is a Buy Stop order right above the resistance zone. | An exit @26.39. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.65 points, which is 5.88%. | For a 1.00% total portfolio risk, you can invest 16.99% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SOFI. Please evaluate whether better entry and exit points can be found.
- 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.
28.03
+0.16 (+0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg0.57%
1 Week0.04%
2 Weeks8.81%
1 Month3.28%
3 Month28.52%
6 Month155.28%
12 Month175.34%
2 Year271.26%
3 Year415.26%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.69
ATR(20)%5.76%
ATR Inc28.46%
Range Today1.53
ADR(20)1.57
ADR(20)%5.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.88
Mansfield4.96
10 Day High29.8
10 Day Low24.84
20 Day High30.3
20 Day Low24.84
52 Week High30.3
52 Week Low8.6
CS1 End26.4
CR1 Start28.03
Volume & EV
DER(3)1.32%
DER(5)-0.1%
Volume67.66M
Volume Incr6.68%
Vol(5)74.56M
Vol(50)66.88M