SOFI TECHNOLOGIES INC (SOFI) Technical Analysis
NASDAQ:SOFI • US83406F1021
Current stock price
SOFI Technical Rating and Analysis
Overall SOFI gets a technical rating of 0 out of 10. SOFI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, SOFI is a bad performer in the overall market: 65% of all stocks are doing better.
- In the last month SOFI has a been trading in the 16.48 - 19.62 range, which is quite wide. It is currently trading near the lows of this range.
- SOFI has an average volume of 64683700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SOFI is part of the Consumer Finance industry. There are 54 other stocks in this industry, SOFI did better than 69% of them.
- SOFI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SOFI is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
SOFI Weekly and Daily overview Charts
SOFI Setup Rating and Analysis
Although the technical rating is bad, SOFI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
SOFI Support and Resistance Analysis
13.39
When analyzing the support we notice one important area.
- Support @13.53 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @19.25 from a horizontal line in the daily time frame.
- Resistance @24.93 from a trend line in the daily time frame.
- Resistance @29.51 from a horizontal line in the weekly time frame.
SOFI Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for SOFI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SOFI is down. |
| ChartMill Relative Strength | 35.51 | NEUTRAL | SOFI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SOFI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SOFI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SOFI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 29.38 | OVERSOLD | The low RSI value suggests SOFI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests SOFI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 19.11 | OVERSOLD | The low Stochastics value suggests SOFI may be oversold. |
| Average True Range in percent/ATR (20) | 6.06 | HIGH VOLATILITY | The high ATR as a percentage value for SOFI suggests high volalility. |
| Average Directional Index/ADX (14) | 44.42 | POSITIVE | The high ADX value value for SOFI suggests a strong trend. |
SOFI Chart- and CandleStick Pattern Analysis
SOFI Technicals: Chart, Performance Metrics, Trend & Indicators
16.9
-0.18 (-1.05%)
SOFI TECHNOLOGIES INC / SOFI TA FAQ
Can you provide the ChartMill technical rating for SOFI TECHNOLOGIES INC?
ChartMill assigns a technical rating of 0 / 10 to SOFI.
Can you provide the trend direction for SOFI TECHNOLOGIES INC?
The current trend direction for SOFI TECHNOLOGIES INC (SOFI) is Bearish.
What is the RSI signal for SOFI stock?
SOFI TECHNOLOGIES INC (SOFI) has an RSI value of 29.3839. This indicates that the stock is currently oversold.
What is the MACD signal for SOFI TECHNOLOGIES INC (SOFI) stock?
The MACD indicator for SOFI TECHNOLOGIES INC (SOFI) has a value of 0.0462364, indicating a bearish trend.
What is the buy/sell signal for SOFI TECHNOLOGIES INC (SOFI) stock?
The buy/sell signal for SOFI TECHNOLOGIES INC (SOFI) is sell as both the short term and long term trends are negative.