SoFi Technologies stock is trading at depressed levels. What’s ahead for SOFI stock?
The latest push-pull still traces back to first-quarter results: SoFi posted record loan originations of $12.2 billion and revenue of $1.08 billion (above a $1.05 billion Street view), but guidance came in a touch light. Management guided adjusted net revenue to about $1.115 billion versus a $1.12 billion consensus view, with EPS guided to a range of 10 cents to 11 cents.With guidance only about $5 million below the Street on revenue, traders are treating this area as a "base vs. breakdown" test after the longer drawdown from the $32.73 52-week high. Bulls continue to point to operating momentum, including members up 35% to 14.7 million and total products up 39% to 22.2 million.SoFi's tape-reading has flipped day to day with the macro backdrop, which is why traders keep comparing risk-on sessions to risk-off sessions for confirmation. In the risk-off version of this same debate, the stock has been stress-tested with downside focus on whether it can hold above the $12.74 52-week low while the market digests $166.7 million in net income alongside a tight outlook.Critical Technical Levels For SoFi Technologies To WatchFrom a longer-term trend perspective, the chart is still in repair mode: the stock is trading 3.5% below its 20-day SMA ($16.26), 6.6% below its 50-day SMA ($16.80), 20.4% below its 100-day SMA ($19.71), and 32.8% below its 200-day SMA ($23.36). That moving-average stack keeps overhead supply in play, and the death cross that formed in March (50-day SMA below the 200-day SMA) continues to frame the bigger-picture downtrend.Momentum is leaning defensive using MACD as the primary read: MACD is below its signal line and the histogram is negative, which points to fading upside pressure unless buyers can reclaim that baseline. In plain English, MACD compares shorter-term momentum to a slower "signal" trend, and staying below that signal line often means rallies are more likely to stall than extend.
