SoFi Stock Jumps 4.22% to $27.67 Extending 3-Day Rally to 8.42% Gain

SoFi Technologies (SOFI) concluded its most recent trading session at $27.67, marking a gain of 4.22% and extending its winning streak to three consecutive days. This rally resulted in a cumulative gain of 8.42% over the period, suggesting renewed bullish momentum and driving the price near its year-to-date high.
Candlestick Theory
Recent price action forms a strong bullish sequence after finding support near $24.49 (2025-09-03 low). The pattern resembles a breakout from consolidation, with the consecutive up days culminating in a solid white candle closing near its high ($27.67 vs. High: $27.77) on significant volume, signaling buying pressure. Key resistance is now seen near the YTD closing high of $27.67 (today's close) and the intraday YTD high of $28.02 (2025-02-19). Support is established around $26.50 (recent pivot lows from 2025-09-11/12) with a stronger floor near the $24.50-$25.00 zone established in early September.
Moving Average Theory
The current price sits decisively above all major moving averages, indicating a strong bullish trend across timeframes. The 50-day SMA (approx. $24.80), the 100-day SMA (approx. $21.50), and the 200-day SMA (approx. $15.80) are ascending and stacked bullishly (shortest above longest). This Golden Cross formation (50-day crossing above 200-day in early August) remains intact. The price pulling away from the rising 50-day SMA provides a significant tailwind and acts as dynamic support.
MACD & KDJ Indicators
The MACD (12,26,9) is likely above its signal line and increasing in positive territory, confirming the current uptrend's strengthening momentum. A bullish crossover likely occurred during the recent rally. The KDJ (commonly 9,3,3) may be showing K and D lines in overbought territory (potentially exceeding 80). While %J might be high, the consistent strong closes suggest momentum persists despite potential overbought warnings. Together, they signal strong bullish momentum, though KDJ levels advise monitoring for potential exhaustion near resistance.
Bollinger Bands
The latest close at $27.67 likely touches or slightly breaches the upper Bollinger Band (20-day, 2 Std Dev), calculated near $27.00-$27.50. This breach, occurring after bands had narrowed following August's volatility, signals a strong directional move upwards. While prices often retreat within bands, sustained closes outside can indicate exceptional strength. Band expansion supports the breakout thesis. Support lies near the middle band (~$25.50) and the lower band (~$22.50-$23.00).
Volume-Price Relationship
The current rally saw increasing volume over the three days (54.7M, 61.3M, 66.3M shares), providing strong validation for the bullish move. The highest volume occurred on the largest gain day (today), reinforcing buyer conviction. Earlier, the sharp plunge on 2025-08-19 saw high volume (82.6M), signaling capitulation, potentially marking a swing low near $22.75. Subsequent higher lows on rising volume through late August supported the emerging uptrend. Volume confirmation during the breakout enhances the probability of sustainability.
Relative Strength Index (RSI)
Calculating the 14-day RSI based on closing price changes yields an average gain per gain day (approx. $0.62) and an average loss per loss day (approx. $0.41) over the last 14 sessions. Using the RSI formula: [100 - (100 / (1 + ($0.62 / $0.41)))] suggests an RSI value near 63. This places RSI firmly in bullish territory (above 50), indicating positive momentum, but crucially not in the overbought zone (>70). This absence of an overbought warning from RSI, unlike KDJ, suggests further upside room may exist before exhaustion sets in.
Fibonacci Retracement
Applying Fibonacci retracement to the major upswing from the swing low of $16.44 (2025-01-30) to the swing high of $28.02 (2025-02-19), key levels emerge: 23.6% at $25.08, 38.2% at $23.80, 50% at $22.23, and 61.8% at $20.66. The current price ($27.67) is challenging the prior peak. During the pullback in August, the price found strong support and reversed near the 38.2% retracement level ($23.80), confirming its significance. This level represents major support if a pullback occurs. The 23.6% level ($25.08) also provided a base during September's consolidation. Successfully closing above $28.02 would signal a resumption of the major uptrend.
Confluence & Divergence
Significant confluence exists around the $23.80-$24.50 zone, acting as major support confirmed by the 38.2% Fibonacci level, the rising 50-day SMA, and previous consolidation lows. This is a critical level. The current bullish move enjoys confluence from the Golden Cross, rising volume, positive MACD/RSI, and a Bollinger Band breakout. A minor divergence is noted between the KDJ potentially flashing overbought warnings while the RSI (near 63) shows no such immediate concern and volume confirms strength. Overall, the weight of evidence leans decisively bullish, supported by multiple indicators aligning positively. The proximity to prior highs ($28.02) warrants caution, but the absence of bearish reversals and positive volume/price action suggests momentum may persist.