SoFi Technologies stock is showing exceptional strength. Why is SOFI stock surging?
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, but guidance came in a touch light versus consensus. Management guided adjusted net revenue to about $1.115 billion versus a $1.12 billion Street view, with EPS guided to a range of 10 cents to 11 cents.With guidance only about $5 million below the Street on revenue, the stock has turned into a "base vs. breakdown" test after the longer drawdown from the $32.73 52-week high. Bulls have pointed to operating momentum, including members up 35% to 14.7 million and total products up 39% to 22.2 million.Critical Price Levels To Watch For SOFIAt $16.30, SoFi is trading 1.1% above its 20-day SMA ($16.12), but it remains 2.8% below the 50-day SMA ($16.76) and well under the longer trend gauges—16.9% below the 100-day SMA ($19.60) and 30.1% below the 200-day SMA ($23.33). That moving-average stack keeps overhead supply in play, especially with the 20-day SMA still below the 50-day SMA (bearish) and the death cross in March (50-day below the 200-day) still framing the bigger downtrend.For momentum, MACD is the cleaner read here: with MACD below its signal line and the histogram negative, it suggests upside pressure is fading and rallies can stall unless buyers reclaim that baseline. Put simply, MACD compares shorter-term momentum to a slower "signal" trend, and staying below the signal line often means sellers still have the edge on follow-through.
