SOFI TECHNOLOGIES INC (SOFI) Technical Analysis
NASDAQ:SOFI • US83406F1021
Current stock price
SOFI Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to SOFI. SOFI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- SOFI is currently trading in the lower part 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.
- SOFI is one of the better performing stocks in the Consumer Finance industry, it outperforms 75% of 54 stocks in the same industry.
- SOFI has an average volume of 67641600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, SOFI outperforms 51% of them, which is more or less in line with the market.
- In the last month SOFI has a been trading in the 14.93 - 18.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SOFI Weekly and Daily overview Charts
SOFI Setup Rating and Analysis
The technical rating of SOFI is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
SOFI Support and Resistance Analysis
13.63
2 important support areas can be observed.
- A support zone ranging from 15.15 to 15.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.77 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 16.50 to 16.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.92 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for SOFI is neutral. |
| ChartMill Relative Strength | 51.64 | 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) | 42.25 | NEUTRAL | The RSI value for SOFI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests SOFI has a positive trend. |
| Stochastics (14,3) | 43.93 | NEUTRAL | The Stochastics value for SOFI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.08 | HIGH VOLATILITY | The high ATR as a percentage value for SOFI suggests high volalility. |
| Average Directional Index/ADX (14) | 43.17 | 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
16.49
+0.38 (+2.36%)
SOFI TECHNOLOGIES INC / SOFI TA FAQ
Can you provide the ChartMill technical rating for SOFI TECHNOLOGIES INC?
ChartMill assigns a technical rating of 1 / 10 to SOFI.
What is the current trend direction of SOFI TECHNOLOGIES INC (SOFI) stock?
The current trend direction for SOFI TECHNOLOGIES INC (SOFI) is Bearish.
What is the RSI signal for SOFI TECHNOLOGIES INC (SOFI) stock?
SOFI TECHNOLOGIES INC (SOFI) has an RSI value of 42.2466. 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.
Can you provide the support and resistance levels for SOFI TECHNOLOGIES INC?
SOFI TECHNOLOGIES INC (SOFI) has a support level at 15.23 and a resistance level at 16.5. Check the full technical report for our detailed analysis of SOFI support and resistance levels.