$SOFI Weekly $SOFI attempted to break through overhead resistance this week but got rejected, signalling bulls aren’t quite ready to take full control—yet. Volume came in lower than average, suggesting indecision or a pause before the next move. The structure remains constructive, with price still hovering near a key breakout zone. If bulls can reclaim momentum, the setup remains ripe for a breakout. 🟩Bullish at $13 🟥Bearish at $8 Keep this on watch—patience might pay. make it short
4/18/2025 06:22am
**SOFI's Weekly Outlook: A Pause Before the Next Move**
1. **Resistance Level Test**: SoFi Technologies (SOFI) faced a resistance level at $11.65 this week, which it failed to surpass, indicating a potential pause in the stock's upward momentum.
|code|Ticker|Name|Date|Support Level|Resistance Level|market_code|
|---|---|---|---|---|---|---|
|SOFI|SOFI.O|SoFi Technologies|20250417|10.5900|11.0450|185|
2. **Volume Indicating Indecision**: The trading volume was below average, reflecting a lack of strong conviction from investors, either bullish or bearish.
|code|Ticker|Name|Date|Closing Price|Percentage Change|market_code|
|---|---|---|---|---|---|---|
|SOFI|SOFI.O|SoFi Technologies|20250417|10.98|3.0018761726078824|185|
3. **Key Breakout Zone**: SOFI's price remains near a critical breakout zone, suggesting that if the bullish momentum resumes, there's a possibility of a significant upward movement.
|code|Ticker|Name|Date|Boll|RSI|KDJ|MACD|market_code|
|---|---|---|---|---|---|---|---|---|
|SOFI|SOFI.O|SoFi Technologies|20250417|11.4345|51.6485|86.7619|0.1710|185|
4. **Bullish and Bearish Outlook**: The bullish mark is at $13, while the bearish mark is at $8, highlighting the narrow trading range investors should watch closely.
5. **Patience Advised**: Given the current indicators, patience might be the best strategy, awaiting a clearer signal before entering positions, to maximize potential returns while minimizing risks.
In conclusion, SOFI's weekly outlook suggests a cautious approach, with a focus on monitoring the stock's movement closely. Investors should be prepared for potential volatility and consider the resistance and support levels as key points to watch.