Taking everything into account, SOFIW scores 0 out of 10 in our technical rating. SOFIW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of SOFIW 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.
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4.63
When analyzing the support we notice one important area.
- A support zone ranging from 4.68 to 4.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for SOFIW is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SOFIW is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | SOFIW has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SOFIW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SOFIW is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 31.55 | NEUTRAL | The RSI value for SOFIW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests SOFIW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.84 | OVERSOLD | The low Stochastics value suggests SOFIW may be oversold. |
| Average True Range in percent/ATR (20) | 21.85 | HIGH VOLATILITY | The high ATR as a percentage value for SOFIW suggests high volalility. |
NASDAQ:SOFIW (12/6/2021, 8:39:02 PM)
5.5
+0.06 (+1.1%)
SOFI TECHNOLOGIES INC / SOFIW FAQ
Can you provide the ChartMill technical rating for SOFI TECHNOLOGIES INC?
ChartMill assigns a technical rating of 0 / 10 to SOFIW.
Can you provide the trend direction for SOFI TECHNOLOGIES INC?
The current trend direction for SOFI TECHNOLOGIES INC (SOFIW) is Bearish.
Can you provide the RSI signal for SOFI TECHNOLOGIES INC?
SOFI TECHNOLOGIES INC (SOFIW) has an RSI value of 31.554. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SOFI TECHNOLOGIES INC?
The short term momentum for SOFI TECHNOLOGIES INC (SOFIW) is negative.
Can you provide the support and resistance levels for SOFI TECHNOLOGIES INC?
SOFI TECHNOLOGIES INC (SOFIW) has a support level at 4.71. Check the full technical report for our detailed analysis of SOFIW support and resistance levels.