SoFi Technologies (SOFI) could potentially target the following levels in the coming two weeks:
- Resistance Level: The current resistance level for SOFI is $14.321. This price point has been challenging for the stock to surpass, so it may act as a barrier. If SOFI manages to break through this level, it could indicate a strengthening trend.
- Fibonacci Retracement: The 0.618 Fibonacci retracement for SOFI over the past year is $13.682. This level is a significant support zone, and the stock may find support here if it experiences a pullback. A bounce from this level could signal a continuation of the current trend.
- Moving Averages: The stock is currently trading above its 5-day, 10-day, and 20-day moving averages, which are $13.66, $13.45, and $13.53, respectively3. This indicates a short-term upward trend. If SOFI maintains this trajectory, it could continue to move towards the resistance level.
- Analyst Targets: The average analyst target price for SOFI over the next day, June 6, 2025, is $14.364. This suggests that analysts are expecting the stock to remain within this range in the near term.
In conclusion, SOFI may target the range of $13.68 to $14.32 in the coming two weeks. The stock's ability to break through the resistance level of $14.32 could indicate a stronger upward trend. However, support from the 0.618 Fibonacci retracement and the current moving averages suggests that a pullback to $13.68 or lower could also be seen before the stock continues its upward movement.
6/5/2025 03:25pm
