SOFI TECHNOLOGIES INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Change:	-
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Type:	Stocks
Ticker:	SOFI
ISIN:

SOFI TECHNOLOGIES INC. - 1H - Technical analysis published on 12/14/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 15.43 USD

My targets

16.41 USD (+0.98%)

17.46 USD (+7.45%)

My analysis

SOFI TECHNOLOGIES INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 15.43 USD. The next resistance located at 16.41 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 17.46 USD. After this resistance, buyers could then target 23.89 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Qaisali123. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SOFI TECHNOLOGIES INC. price is 16.25 USD. The price registered an increase of +2.20% on the session and was traded between 15.79 USD and 16.36 USD over the period. The price is currently at +2.91% from its lowest and -0.67% from its highest.

15.79

16.36

16.25

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this SOFI TECHNOLOGIES INC. chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.20	13.40	14.61	16.25	16.41	17.46	23.89
Change (%)	-24.92%	-17.54%	-10.09%	-	+0.98%	+7.45%	+47.02%
Change	-4.05	-2.85	-1.64	-	+0.16	+1.21	+7.64
Level	Minor	Intermediate	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	15.34	15.56	15.91	16.13	16.48	16.70	17.05
Camarilla	16.09	16.15	16.20	16.25	16.30	16.36	16.41
Woodie	15.40	15.59	15.97	16.16	16.54	16.73	17.11
Fibonacci	15.56	15.78	15.92	16.13	16.35	16.49	16.70

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.09	14.62	15.43	15.96	16.77	17.30	18.11
Camarilla	15.88	16.00	16.13	16.25	16.37	16.50	16.62
Woodie	14.24	14.69	15.58	16.03	16.92	17.37	18.26
Fibonacci	14.62	15.13	15.45	15.96	16.47	16.79	17.30

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.51	8.57	12.49	14.55	18.47	20.53	24.45
Camarilla	14.77	15.31	15.86	16.41	16.96	17.51	18.06
Woodie	7.44	9.04	13.42	15.02	19.40	21.00	25.38
Fibonacci	8.57	10.85	12.27	14.55	16.83	18.25	20.53

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	59.41
MACD (12,26,9):	0.1300
Directional Movement:	10.46
AROON (14):	0
DEMA (21):	16.14
Parabolic SAR (0,02-0,02-0,2):	15.70
Elder Ray (13):	0.19
Super Trend (3,10):	15.50
Zig ZAG (10):	16.25
VORTEX (21):	1.1900
Stochastique (14,3,5):	67.56
TEMA (21):	16.25
Williams %R (14):	-30.67
Chande Momentum Oscillator (20):	0.12
Repulse (5,40,3):	0.4400
ROCnROLL:	1
TRIX (15,9):	0.0900
Courbe Coppock:	4.17

MA7:	15.80
MA20:	15.49
MA50:	12.67
MA100:	10.03
MAexp7:	16.16
MAexp20:	15.99
MAexp50:	15.86
MAexp100:	15.54
Price / MA7:	+2.85%
Price / MA20:	+4.91%
Price / MA50:	+28.26%
Price / MA100:	+62.01%
Price / MAexp7:	+0.56%
Price / MAexp20:	+1.63%
Price / MAexp50:	+2.46%
Price / MAexp100:	+4.57%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on SOFI TECHNOLOGIES INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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