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SoFi Technologies, Inc.

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SOFI trade ideas

SOFI: Target Hit + Top nailed! What's next?• Since our last analysis, SOFI corrected to our targets, being the first at $5.70, and the second at the 21 ema (link to my previous analysis below this post, as usual); • Now SOFI is correcting along with the indices, therefore, this is a systemic correction; • We see a bullish reaction at the 21 ema, however, it is too soon to tell if it is a meaningful bottom sign or not; • Either way, if it loses today’s low, I see SOFI correcting more, probably below $5; • It all depends on how it’ll react today. I'll keep you guys updated on this. Remember to follow me to keep in touch with my analyses!
NASDAQ:SOFI
by Nathan_The_Finance_Hydra
2
$SOFI Best Fintech Stock To Invest In?Considered to be of the top fintech companies, SoFi Technologies, Inc. (NASDAQ: SOFI) has been breaking headway in offering its suite of lending, financial services, and technology platform offerings to its more than 4 million members. While SOFI stock has been majorly impacted by the current inflationary environment in the market, the company continues to show stellar operational results in its earnings this year. With this in mind, SOFI stock is gaining momentum after posting its Q3 earnings which beat analyst estimates for the fifth consecutive quarter. While the stock has dropped significantly since posting its earnings, SOFI presents an opportunity to long-term investors to secure shares at a cheap price. Considering the company’s long-term potential in the fintech sector, SOFI stock could be one of the best stocks to hold onto for the long-term. SOFI Fundamentals Since its inception, SOFI has operated as a non-bank lender offering student loans, personal loans, and mortgage loans. To fund these loans, SOFI would borrow money from other financial institutions at a high interest rate. Looking to save these significant costs, SOFI gained its bank charter last February after acquiring Golden Pacific Bancorp, Inc. and its subsidiary Golden Pacific Bank which had $150 million in assets. Following this acquisition, SOFI renamed Golden Pacific Bank to SoFi Bank marking the company’s expansion in the banking sector. Through this acquisition, SOFI was able to obtain a national bank charter and was approved by the OCC and the Federal Reserve. In this way, SOFI has been able to offer better features to its members including, checking and savings accounts, automated savings, and a user-friendly interface. In addition to allowing the company to attract more users, the bank charter allowed SOFI to fund the loans it offers to its members internally without incurring the costs of the high interest rates. At the same time, the charter made it possible for SOFI to collect the interest on payments itself which has positively impacted the company’s revenues in the previous quarters. In light of this, SOFI stock price has the potential to appreciate significantly as the company continues growing financially in the future. Meanwhile, the banking license has provided SOFI with a competitive advantage over other fintech companies since getting such a license could be difficult for these companies. In this way, SOFI has emerged as a fintech leader in the market – making it one of the most promising fintech stocks to invest in for the long-term. In other news, SOFI is well-positioned to capitalize on the current macro environment as the rapidly rising interest rates could allow the company to realize more revenues. Although these interest rate hikes could severely limit new loan originations, they continue to be resilient in the face of the growing interest rates. As a result, SOFI could be poised to further grow its revenues in the coming quarters given its more favorable rates to its members. Despite the growth in personal loans, the mortgage market has been severely impacted by the inflationary cost pressures and growing interest rates. Since most people are deciding against buying new houses at the moment, SOFI is in a prime position to further grow financially in the current environment as the demand for its home renovation loans could increase significantly. Based on this, SOFI stock could be one of the best growth stocks to invest in at its current beaten down PPS given its future growth potential. Although SOFI has a vast suite of financial services, student loans remain the bulk of the company’s loans. With this in mind, president Biden has recently extended the moratorium on student loan payments and interest until Jan 1, 2023. This moratorium has been in place since March 2020 and was set to resume in September 2020. However, the freeze has been constantly getting extended since then. With President Biden announcing that the most recent pause would be the final extension of the moratorium, SOFI could be on track to have an even more successful year in 2023. Moreover, President Biden’s federal student loan forgiveness plan has been temporarily blocked by the US Courts of Appeals recently after 6 states appealed the decision. In this way, students with federal debt could be looking to refinance their loans at competitive rates in light of the growing inflation which SOFI already offers. With the appeal process yet to play out, more and more students could refinance their loans with SOFI which could have a major impact on the company’s financials in the coming quarters. While SOFI’s financial services segment is its most recognized business, the company’s operations also includes a technology platform segment. These services are offered by SOFI’s subsidiary Galileo that provides businesses with the infrastructure to facilitate core client-facing and back-end capabilities. Since this segment has tremendous growth potential, SOFI acquired Technisys – a cloud-native, digital multi-product core banking platform to further advance this segment. On that note, SOFI is looking to combine Technisys’s capabilities with Galileo’s technology stack to create the only vertically integrated banking technology stack. In this way, SOFI would be able to meet the growing needs of its partners and serve additional banks, fintechs, and non-financial brands looking to enter financial services. In light of this, SOFI appears to be delivering on its goal of providing best-of-breed products as a one-stop-shop financial services platform. Additionally, this acquisition is set to have a major impact on SOFI’s revenues as the company expects Technisys to add $500 to $800 million through 2025. At the same time, SOFI expects the combination of Galileo and Technisys could allow it to save $75 to $80 million from 2023 to 2025 and $60 to $70 million annually thereafter. Meanwhile, SOFI believes that migrating off its current multiple third-party cores to the Technisys core could allow it offer faster and more efficient services to its members. Given that the company is constantly pursuing growth opportunities, SOFI stock has the potential to reach greater highs in the long-term. SOFI Financials In Q3, SOFI had its best quarter so far as it reported $424 million in revenues – representing a 56% YOY increase. This growth has been driven by strong performances from SOFI’s three business segments – lending, financial services, and technology platform. With that in mind, SOFI added 424 thousand new members in Q3 and also added 635 thousand new products – 61% and 69% YOY increases respectively. Despite this growth, SOFI reported a net loss of $74.2 million compared to $30 million a year ago. On that note, the Q3 2021 net loss was boosted by $64.4 million from the change in fair value of warrant liabilities. By not accounting for this impact, SOFI’s net loss would have improved by $20.2 million YOY. In light of this impressive growth, SOFI raised its full year guidance for the third time this year as the company now expects to realize $1.51 – $1.52 billion in 2022. With the company constantly delivering substantial financial growth, SOFI stock forecast appears to be extremely bright for the future. Technical Analysis Currently trading at $5.12, SOFI has a support at 4.81 and shows resistances near 5.25, 6.04, and 6.61. After reporting its record Q3 earnings, SOFI stock soared by as much as 19% thanks to the company’s constant financial growth. As a result of this impressive spike, SOFI stock dropped 22% which could be mainly due to investors taking profits. Another reason that could have impacted the stock price is the FOMC meeting yesterday. While the 75 bps hike was expected, Fed Chair Jerome Powell emphasizing that it’s premature to discuss a pause in rate hikes sent the whole market tumbling. With this in mind, SOFI broke through both of its MAs and a major support near $5.36 during its drop. Now that the stock is trading below its MAs, SOFI could further drop near its support which could be an attractive opportunity to secure shares of the company at such a low PPS. However, long-term investors could find a good entry in SOFI stock at the current PPS given its major potential in the long-run. As the equity markets have been affected by the Fed’s attempts to curb the rising inflation rates, SOFI’s accumulation is trending downwards as less risky assets are more attractive at the moment for investors. Meanwhile, the MACD is bearish to the downside as a result of the profit taking occurring after the company’s record earnings. The RSI is holding at 39 – indicating that SOFI stock is slightly oversold. With this in mind, SOFI would require a high trading volume to move given its OS of 927.3 million and float of 786.2 million. SOFI Forecast With the company becoming an established financial institution with an impressive suite of products, SOFI stock has the potential to reach substantial highs in the long-term. Currently, SOFI is in its early stages as a bank since it received its bank charter earlier this year. For this reason, SOFI could be poised to report record financials in 2023 and beyond – especially since its members and products are continuing to grow at a significant rate. While SOFI reported record financials in Q3, the company has the potential to report even better financials in 2023 as the student loan moratorium is set to expire in January 2023. Considering that SOFI had more than $2 billion student loan originations prior to the pandemic, the expiration of the moratorium could allow the company to witness substantial financial growth. Given the major potential of the company’s three business segments, SOFI stock could be one of the most profitable long-term holds considering its relatively low PPS.
NASDAQ:SOFI
by Penny_Stocks_Today
1
SOFI: Flying today! What's next? Post-Earnings analysis.• SOFI jumped after earnings, but it hit a critical resistance; • In the daily chart, there’s a resistance area made by the previous top levels seen on September (blue area); • In the weekly chart, SOFI just hit the 21 ema. In addition, the trend is still bearish, as SOFI could do a higher high and it is still below the 21 ema; • However, it seems it found a strong support at $4.82 (red line); • In order for SOFI to reverse the bear trend, we must see a stronger bullish structure, not only a fast/intense bounce to its resistances; • Since SOFI is showing some weakness, in theory it’ll retest its support levels next, like the 21 ema or the $5.70 (previous top). Remember to follow me to keep in touch with my analyses!
NASDAQ:SOFI
by Nathan_The_Finance_Hydra
Earnings watch 10/01Earnings watch 10/01: MRO DVN UBER ABNB MSTR SOFI PFE TM AMD Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
NASDAQ:SOFI
by Options360
SOFI | Time for a Bounce? | LongSoFi Technologies, Inc. provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company's lending and financial services and products allows its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans. The company also provides cash management, investment, and technology services. In addition, it operates Galileo, a technology platform that offers services to financial and non-financial institutions; and Apex, a technology enabled platform that provides investment custody and clearing brokerage services, as well as Technisys, a cloud-based digital multi-product core banking platform. The company was founded in 2011 and is headquartered in San Francisco, California.
NASDAQ:SOFILong
by DivergenceSeeker
SOFI: New ALL-TIME LOW! Is it the time to buy?• SOFI is crashing sharply today, and it did a new all-time low today, at $4.79; • However, it seems it’ll close above the previous all-time low / support at $4.82 (black line); • If SOFI is about to react, now is the best time. Below this point, there is no other technical support level to work with, and then only a very strong bullish reversal sign would reverse the bear trend again; • By reacting at its all-time low, we can assume it might bounce back up to the $5.57; • This wouldn’t be a bullish reversal structure yet, as we must see higher highs/lows for that; • If SOFI performs a mid-term bullish reversal structure in the daily chart, the area around $8 will be the next technical target; • For now, let’s pay extra attention to this support level, as we might see an opportunity on SOFI soon, and be extra careful. Don't trade without confirmation. I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NASDAQ:SOFI
by Nathan_The_Finance_Hydra
$SOFI - Basing with decreasing volumeSOFI looks like has been basing around $5.30ish area with decreasing volume. This support area is also 100% fib extension. The stochastic is showing oversold area. If $5.30 ish support area holds and we head back to upper resistance area of $7.70ish. 💥🚀💰 If the support breaks down, the next support is $2.24. That would less than half the book value and I don't believe we will get there unless Russia launch a nuke! Target - $.7.70 Disclaimer: Not investment advice. If you like this post, follow me and subscribe to my posts for more technical analysis charts (FREE).
NASDAQ:SOFILong
by PaperBozz
4
$SOFI - Bounced from bottom channel heading to $8.56Despite the blow out quarter, SOFI was sold off due in part by Softbank news. The stock found the bottom around $5.57 at the bottom of the channel (which was bearish target published in prior chart.). Now that the momentum has changed, the stock could head back to upper trend line area of around $8.50. Target - $8.50 Risk - Failure to break above $6.50 Disclaimer: Not investment advice. If you like this post, follow me and subscribe to my posts for more technical analysis charts (FREE).
NASDAQ:SOFILong
by PaperBozz
SOFI Dip and Rip Pattern🔸️Ticker Symbol: SOFI 🔸️Timeframe: 4 Hour 🔸️Investment Strategy: Long TECHNICAL ANALYSIS: SOFI Stock on 8/24 had a great push to $6.87 and is currently experiencing a slight pullback to approx $6.40. The couple metrics I want to keep an eye on is our linear regression indicator and also our bottom dashboard indicator to make sure that money is continuing to flow into SOFI and that we stay above the bottom deviation level on our bull regression trend. If we can hold support at $6.03 and not break below this stock could potentially see a push to $7.15 in the coming week! Thank you for following! 🔔 Follow for daily stock, crypto and forex technical analysis. ⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
NASDAQ:SOFILong
by TrendsiTrades
$SOFI - Cup and handle invalidated and price hit bearish targetIn my previous post I stated that there is a chance that the pattern can fail and price could retreat to $6 area. The price never retested the lip area and the cup & handle pattern has been invalidated and the price retreated to $6. That's why it's important to observe validation and invalidation points in patterns. So whats next? $6 is supposed to be a strong support area and a very critical area for the bulls and if held, the stock can bounce back to $6.68 to $7.11 area. If the price breaks below $6 we can see $5.50 with the support at around $5.75 area. What will it be? ------------------------------------------ Disclaimer: Not investment advice. If you like this post, follow me and subscribe to my posts for more technical analysis charts (FREE).
NASDAQ:SOFI
by PaperBozz