Fresh sell signal · US stocks
SoFi Technologies drops 4.9%: a Sell signal fires right above the 200-week average
Our view last week
Sellers took 78% of the volume in the weekly bar: price action on SoFi Technologies stock shows a 2.2% drop, the 3rd in a row, with money flow below zero for 5 weeks. Price closed below the first stop level (SL1) flagged in last week's card (16.61 area): for anyone following that level the trade is closed. The close and the Inversion Point, in the 16.61 area, have already crossed with no change of sign declared: one to watch in the coming sessions.
This week's summary
Another 4.9% off, the 4th weekly decline in a row, and the change of sign that was in the air a week ago has arrived: a new Sell signal has fired on SoFi Technologies stock. Price action stays weak, with money flow below zero for 6 weeks, but the price is working just above its 200-week average, in the 15.4 area. Among US stocks, this is a trade setup our model rates as high-risk for a new short.
IQS Phase
64
ordinary
Signal Strength
57
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#28 / 175
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
SoFi Technologies (SOFI) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 28th among the 175 sell signals for US stocks in our ranking, with a signal strength of 57 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimeweak phase
Performanceweekly -2.46% · monthly -7.23%
SOFI belongs to the financials sector (reference ETF XLF). The sector is classified weak phase according to our weekly reading.
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