SOFI Daily Technical Analysis
SoFi Technologies Inc
Fintech offering digital banking, lending, and investing services.
SOFI Technical Analysis Summary
SoFi Technologies has entered a bearish phase after completing a Head and Shoulders top and breaking below the long-term 200-day SMA. While the oversold RSI (28.07) suggests a potential short-term relief bounce, the strong downward momentum shown by the expanding MACD histogram indicates sellers are in control. The stock is likely seeking support in the $18-$20 region unless it can quickly reclaim the $23 level.
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SOFI Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is in a steep downtrend, trading well below the 20 and 50-day SMAs. It has recently sliced through the 200-day SMA support. RSI is oversold at 28.07, but MACD momentum is strongly negative with no signs of divergence yet.
Long-term Sentiment (weeks to months): Bearish
The stock has broken below the critical 200-day SMA (22.80) and formed a clear Head and Shoulders reversal pattern. The 50-day SMA is sloping downward and diverging from the 200-day, indicating a shift in the primary trend.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-03T15:14:32.116Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $20.00 | $19.50 - $20.50 | Strong | Psychological round number and a previous consolidation zone prior to the major rally. |
| $17.50 | $17.00 - $18.00 | Strong | Historical structural support level from the base of the 2025 uptrend. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $22.95 | $22.80 - $23.10 | Weak | The 200-day SMA, formerly support, will now likely act as immediate resistance on any bounce. |
| $26.15 | $25.60 - $26.70 | Strong | Cluster containing the breakdown neckline, 20-day SMA, and 50-day SMA. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Head and Shoulders (Top) | Bearish | $17.00 | A distinct reversal pattern with a head at ~37 and shoulders at ~30-31. The neckline at roughly 26 was broken violently, confirming the bearish trend. |
| Weak | Oversold Condition | Neutral | N/A | RSI is at 28.07, indicating the asset is technically oversold. While trend is bearish, this often precedes a relief bounce or consolidation. |
Frequently Asked Questions about SOFI
What is the current sentiment for SOFI?
The short-term sentiment for SOFI is currently Bearish because Price is in a steep downtrend, trading well below the 20 and 50-day SMAs. It has recently sliced through the 200-day SMA support. RSI is oversold at 28.07, but MACD momentum is strongly negative with no signs of divergence yet.. The long-term trend is classified as Bearish.
What are the key support levels for SOFI?
StockDips.AI has identified key support levels for SOFI at $20.00 and $17.50. These levels may represent potential accumulation zones where buying interest could emerge.
Is SOFI in a significant dip or a Value Dip right now?
SOFI has a Value Score of 61/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.