Despite positive valuation comments and new buy ratings, SoFi's daily chart pattern remains bearish. SoFi Technologies' stock price is below its daily moving average, and the hourly chart confirms a downward trend. Short-term signals offer limited counter-support, insufficient to constitute a bullish confirmation.
SoFi opened at $15.12, with an intraday low of $15.09 and a high of $15.32, and is currently trading at $15.18, compared to yesterday's closing price of $15.23.
Key points
- As of 10:47 a.m. ET on Tuesday, SoFi's stock price was $15.18, down 0.33% from the previous close of $15.23.
- The daily RSI(14) is 32.79, below the neutral level of 50 but above the oversold threshold of 30.
- The daily MACD line is at -0.55, below its signal line at -0.5, with a histogram value of -0.04.
- The stock price is below the three daily exponential moving averages: the 20-day EMA at $16.12, the 50-day EMA at $16.81, and the 200-day EMA at $18.32.
- CNBC reported that StoneX initiated coverage with a Buy rating ahead of Tuesday's open; Seeking Alpha's intraday analysis rated SoFi as a "Strong Buy" with a fair value range of $22 to $26.
SoFi stock: Daily chart structure is bearish-biased
The daily chart for SoFi stock shows a clear bearish bias. The price is below all three moving averages, the daily RSI(14) is at 32.79, and the MACD histogram is negative, confirming the downward trend.
The exponential moving averages remain in a bearish alignment.
The daily moving averages are in a bearish alignment. The price is below the 20-day EMA at $16.12, followed by the 50-day EMA at $16.81 and the 200-day EMA at $18.32. This complete ordering supports a bearish trend, not just a price break below a single moving average.
Momentum and volatility readings
The daily RSI(14) is at 32.79, below the neutral level but still above the oversold threshold. Meanwhile, the daily MACD line stands at -0.55, below the signal line at -0.5, with a negative histogram of -0.04. These readings support a bearish bias but have not yet reached oversold conditions.
The stock price is trading between the lower Bollinger Band at $14.95 and the middle band at $16.15, with the upper band at $17.34. The 14-day ATR is $0.54, lower than the previous trading day’s $0.57, indicating a contraction in average true range.
Define intraday risk using pivot points.
Note that the stock price is below the daily pivot level of $15.37 but above the first support level S1 at $15.05. The daily first resistance level R1 is $15.54. These levels are derived from the previous complete daily candle and apply to the current trading session.
The hourly chart confirms a bearish bias, with limited short-term reversal signals.
The hourly chart further reinforces the bearish structure of SoFi stock. The price remains below all hourly-level moving averages, with an RSI14 of 31.43 and a negative MACD histogram. However, the 15-minute chart offers only limited reversal support.
Hourly moving averages and indicators
The hourly moving averages are also in a bearish alignment. The price is below the 20-hour EMA at $15.43, the 50-hour EMA at $15.64, and the 200-hour EMA at $16.60. The hourly RSI(14) is at 31.43, nearing oversold territory. The MACD line stands at -0.13, below the signal line at -0.10, with a histogram value of -0.03.
Additionally, the stock price is below the hourly pivot level at $15.20 and above the hourly S1 at $15.08; the hourly R1 is at $15.31. The price also resides between the hourly Bollinger Bands lower band at $15.03 and the middle band at $15.48. The hourly ATR(14) is $0.14, providing a volatility context for nearby price levels.
The 15-minute chart provides only marginal reversal signals.
In comparison, the 15-minute RSI(14) is at 34.11, up from 31.5 on the previous 15-minute candle, but still below the neutral level. The 15-minute MACD line and signal line are both at -0.07, with the histogram at zero. This suggests that short-term bearish momentum is slightly weaker compared to higher timeframes, but no positive MACD divergence has emerged.
The stock price remains below the 20-period 15-minute EMA at $15.27 and the middle Bollinger Band at $15.26. The lower band is at $15.16, and the 15-minute ATR(14) is $0.07. These nearby levels are used to define short-term momentum, not to determine the primary trend direction.
A positive rating has not alleviated the chart's weakness.
Although the technical structure remains bearish, SoFi stock has recently received more bullish analyst coverage. CNBC and Investing.com reported that StoneX initiated coverage with a Buy rating, while Seeking Alpha published a Strong Buy rating along with a fair value target.
CNBC reported that StoneX initiated coverage with a Buy rating ahead of Tuesday’s open. CNBC attributed to StoneX Financial the view that “SoFi is undervalued and has significant upside potential in the short term.” Investing.com also reported that StoneX initiated a Buy rating on Monday, October 12, 2026.
Meanwhile, a midday analysis published by Seeking Alpha on Tuesday rated SoFi as a "Strong Buy," with a fair value estimate of $22 to $26. The article’s headline noted that rising yields are compressing spreads. This favorable valuation perspective contrasts with the current bearish technical structure.
Long/Short Conditions
SoFi stock faces a clear set of price levels during the current trading session to define bullish and bearish scenarios. A breakout above the upper resistance is required to shift to a bullish outlook, while a break below the nearby support would reinforce the bearish outlook.
What conditions must be met for a bullish scenario?
A bullish scenario requires the price to first break above the hourly pivot at $15.20, followed by a breakout above the daily pivot at $15.37. Further support would be provided if the price also breaks above the 20-hour EMA at $15.43 and the daily R1 at $15.54. A broader bullish scenario would require the price to rise above the daily 20-day EMA at $16.12 and the middle band at $16.15.
Downward reference at the current price
Conversely, a break below the 15-minute S1 at $15.16 would weaken the immediate bullish scenario. A further decline below the hourly S1 at $15.08 and the daily S1 at $15.05 would strengthen the bearish outlook. Below these levels, the hourly Bollinger Band lower rail at $15.03 and the daily lower rail at $14.95 serve as additional downside reference points.
Overall, SoFi stock remains above daily support but below the daily pivot and key moving averages. The daily ATR(14) is $0.54, while hourly and 15-minute readings define shorter-term volatility. It remains uncertain whether the price will break above key resistance levels, as the current trading session has not yet concluded.
Frequently Asked Questions
What are the main bearish signals in the SoFi stock chart?
SoFi stock is trading below the 20-day EMA at $16.12, the 50-day EMA at $16.81, and the 200-day EMA at $18.32. The daily RSI(14) is at 32.79, below the neutral level of 50, and the daily MACD histogram is negative at -0.04. The price is also below the daily pivot level of $15.37.
What support levels are shown for SoFi stock?
Key support levels include the 15-minute S1 at $15.16, the hourly S1 at $15.08, and the daily S1 at $15.05. Further below, the hourly Bollinger Band lower rail at $15.03 and the daily lower rail at $14.95 serve as additional downside references.
What recent bullish coverage has SoFi stock received?
CNBC reported that StoneX initiated coverage with a Buy rating ahead of Tuesday’s open, stating that SoFi is undervalued. Investing.com also reported this Buy initiation on Monday. Meanwhile, Seeking Alpha’s analysis released during Tuesday’s trading session rated SoFi as a “Strong Buy” and provided a fair value range of $22 to $26.
What conditions need to be met for SoFi stock to turn bullish?
For a bullish reversal to occur, the price must first break above the hourly pivot at $15.20, followed by a break above the daily pivot at $15.37. Further confirmation comes from breaking above the 20-hour EMA at $15.43 and the daily R1 at $15.54. A broader bullish scenario requires the price to close above the daily 20-day EMA at $16.12.
Price and technical indicator data provided by Twelve Data.
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This article was completed with the assistance of artificial intelligence and reviewed by the editorial team.