SOFI TECHNOLOGIES INC. - Daily - Technical analysis published on 08/19/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 6.92 USD
My targets
7.88 USD (+9.60%)
8.35 USD (+16.13%)
My analysis
The basic trend is currently slightly bullish on SOFI TECHNOLOGIES INC. and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 6.92 USD, purchases could be favourable. The first bullish objective would be the resistance located at 7.88 USD. Then the price could move towards 8.35 USD. Then 9.16 USD by extension. A return under the support to 6.92 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.3
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This analysis was given by AWdeLeng. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SOFI TECHNOLOGIES INC. rating 7.19 USD. On the day, this instrument gained +2.71% and was between 7.09 USD and 7.20 USD. This implies that the price is at +1.41% from its lowest and at -0.14% from its highest.7.09
7.20
7.19
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this SOFI TECHNOLOGIES INC. chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 6.52 | 6.92 | 7.19 | 7.88 | 9.16 | 10.30 |
| Change (%) | -9.32% | -3.76% | - | +9.60% | +27.40% | +43.25% |
| Change | -0.67 | -0.27 | - | +0.69 | +1.97 | +3.11 |
| Level | Major | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.71 | 6.80 | 6.90 | 6.99 | 7.09 | 7.18 | 7.28 |
| Camarilla | 6.95 | 6.97 | 6.98 | 7.00 | 7.02 | 7.04 | 7.05 |
| Woodie | 6.72 | 6.80 | 6.91 | 6.99 | 7.10 | 7.18 | 7.29 |
| Fibonacci | 6.80 | 6.87 | 6.92 | 6.99 | 7.06 | 7.11 | 7.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.01 | 6.24 | 6.62 | 6.85 | 7.23 | 7.46 | 7.84 |
| Camarilla | 6.83 | 6.89 | 6.94 | 7.00 | 7.06 | 7.11 | 7.17 |
| Woodie | 6.09 | 6.28 | 6.70 | 6.89 | 7.31 | 7.50 | 7.92 |
| Fibonacci | 6.24 | 6.47 | 6.62 | 6.85 | 7.08 | 7.23 | 7.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.53 | 5.34 | 6.44 | 7.25 | 8.35 | 9.16 | 10.26 |
| Camarilla | 7.02 | 7.19 | 7.37 | 7.54 | 7.72 | 7.89 | 8.07 |
| Woodie | 4.68 | 5.41 | 6.59 | 7.32 | 8.50 | 9.23 | 10.41 |
| Fibonacci | 5.34 | 6.07 | 6.52 | 7.25 | 7.98 | 8.43 | 9.16 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.76 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | 4.24 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 6.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.28 | |
| Elder Ray (13): | 0.30 | |
| Super Trend (3,10): | 7.66 | |
| Zig ZAG (10): | 7.16 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 53.98 | |
| TEMA (21): | 6.79 | |
| Williams %R (14): | -35.99 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | 2.5000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 13.25 |
| MA7: | 6.77 | |
| MA20: | 6.93 | |
| MA50: | 6.85 | |
| MA100: | 7.02 | |
| MAexp7: | 6.87 | |
| MAexp20: | 6.88 | |
| MAexp50: | 6.93 | |
| MAexp100: | 7.08 | |
| Price / MA7: | +6.20% | |
| Price / MA20: | +3.75% | |
| Price / MA50: | +4.96% | |
| Price / MA100: | +2.42% | |
| Price / MAexp7: | +4.66% | |
| Price / MAexp20: | +4.51% | |
| Price / MAexp50: | +3.75% | |
| Price / MAexp100: | +1.55% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on SOFI TECHNOLOGIES INC.. At the time of publication of this analysis, the latest news was as follows:
- SoFi to Participate in Upcoming Investor Conferences
- SoFi Completes Acquisition of Technisys
- SoFi Schedules Conference Call to Discuss Q4 2021 & Full Year 2021 Results
This member declared not having a position on this financial instrument or a related financial instrument.
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