SOFI TECHNOLOGIES INC (SOFI) Stock Technical Analysis
NASDAQ:SOFI - US83406F1021 - Common Stock
25.54 USD
-0.5 (-1.92%)
25.51 USD
-0.03 (-0.12%)
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!
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 54 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 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 75283700 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, but the quality of the setup is only medium 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
19.19
25.80
When analyzing the support we can see 3 important areas.
- A support zone ranging from 23.60 to 23.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @22.52 from a horizontal line in the daily time frame.
- Support @19.38 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 | 98.15 | POSITIVE | SOFI has a high relative strength, it outperformed 98.15% 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) | 63.05 | NEUTRAL | The RSI value for SOFI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests SOFI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.77 | NEUTRAL | The Stochastics value for SOFI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.87 | MEDIUM VOLATILITY | The ATR as a percentage value for SOFI suggests some volalility. |
| Average Directional Index/ADX (14) | 33.13 | 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)
25.54
-0.5 (-1.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg-1.92%
1 Week2.08%
2 Weeks7.45%
1 Month20.3%
3 Month92.03%
6 Month76.5%
12 Month219.65%
2 Year194.92%
3 Year331.42%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.38
ATR(20)%4.87%
ATR Inc-4.11%
Range Today1.21
ADR(20)1.22
ADR(20)%4.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.15
Mansfield6.08
10 Day High26.61
10 Day Low21.21
20 Day High26.61
20 Day Low20.7
52 Week High26.61
52 Week Low6.75
CS1 End23.8
CR1 StartN/A
Volume & EV
DER(3)-3.05%
DER(5)-1.34%
Volume54.43M
Volume Incr-0.91%
Vol(5)78.67M
Vol(50)75.28M