SoFi Technologies shares are trending higher. Why is SOFI stock trading higher?
Noto bought another 13,888 shares on June 16 at a weighted average price of $18.06, extending a 2026 open-market buying streak to five separate purchases. Across those buys, he has purchased 130,211 shares in 2026 at a blended average price of about $17.29 and now holds about 11.96 million shares directly.Critical Levels To Watch for SOFI StockFrom a trend perspective, SOFI is trying to stabilize after a rough longer-term slide: it's still trading 21.8% below its 200-day SMA ($22.73), and the 50-day SMA remains below the 200-day SMA after the death cross in March. The stock is, however, back above its shorter-term baselines—6.2% above the 20-day SMA ($16.74) and 5.2% above the 50-day SMA ($16.91)—which often matters for swing traders looking for a base to form.Momentum is improving: MACD is above its signal line and the histogram is positive, which suggests downside pressure is easing versus the prior downswing. In plain terms, when MACD is above its signal line, it typically means buyers are gaining traction even if the bigger trend hasn't fully flipped yet.
Key Resistance: $19.00 — a nearby round-number area where rebounds can stall
