Question 1

What does the Stochastic Oscillator suggest about SOFI's trend?

Accepted Answer

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Question 2

How did SOFI's Momentum indicator behave recently?

Accepted Answer

SOFI saw its Momentum Indicator move above the 0 level on August 16, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 66 similar instances where the indicator turned positive. In 53 of the 66 cases, the stock moved higher in the following days. The odds of a move higher are at 0%.

Question 3

What does MACD indicator imply for SOFI?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for SOFI just turned positive on August 19, 2024. Looking at past instances where SOFI's MACD turned positive, the stock continued to rise in 33 of 42 cases over the following month. The odds of a continued upward trend are 0%.

Question 4

What is the significance of the 50-day moving average indicator for SOFI?

Accepted Answer

SOFI moved above its 50-day moving average on August 15, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 5

What is the significance of the 10-day moving average indicator for SOFI?

Accepted Answer

The 10-day moving average for SOFI crossed bearishly below the 50-day moving average on August 12, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 6 of 9 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 0%.

Question 6

What does a 3-day price advance indicate for SOFI?

Accepted Answer

Following a +7.96% 3-day Advance, the price is estimated to grow further. Considering data from situations where SOFI advanced for three days, in 172 of 214 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 7

What does a 3-day decline signify for SOFI's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SOFI declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 87%.

Question 8

What does SOFI breaking above its upper Bollinger Band indicate?

Accepted Answer

SOFI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

SOFI Stock SoFi Technologies (SOFI, $7.08) Moving Average Convergence Divergence (MACD) Histogram turned positive on June 6, 2024

Momentum Indicator for SOFI turns positive, indicating new upward trend

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