SoFi Stock Jumps 6.00% For Sixth Straight Day With 19.80% Rally

SoFi Technologies (SOFI) shares surged 6.00% in the most recent session, marking their sixth consecutive day of gains with a cumulative 19.80% advance during this period. Closing at $18.21 after touching an intraday high of $18.92, the stock exhibits strong upward momentum that warrants technical examination through multiple frameworks.
Candlestick Theory
The recent six-day rally forms a pronounced bullish sequence, characterized by consistently higher closes and expanding real bodies. The latest candle shows a long green body closing near the high ($18.21 vs. high $18.92), indicating sustained buying pressure. Key resistance emerges at the psychological $19.00 level, aligning with the 2025-02-18 peak of $17.11 (reverse-adjusted for trend). Support sits at $17.30, the consolidation point from late May 2025, backed by the June 27 low of $16.84.
Moving Average Theory
The 50-day, 100-day, and 200-day moving averages now align in a bullish configuration. Price ($18.21) trades decisively above all three, with the 50-day MA (recently crossed above 100-day) confirming a golden cross. This multi-timeframe alignment signals strengthening intermediate and long-term uptrends. The ascending 50-day MA ($15.80 approximate) provides dynamic support, while the 200-day MA ($12.50 zone) anchors the primary trend.
MACD & KDJ Indicators
MACD histogram bars show accelerating upward momentum, with the signal line maintaining a bullish crossover. KDJ readings (K=86, D=78) reside in overbought territory but exhibit no bearish divergence—price highs align with rising indicator peaks. While this suggests near-term froth, the absence of divergence implies trend persistence. MACD’s sustained positive territory reinforces the bullish bias despite KDJ overbought conditions.
Bollinger Bands
Bollinger Bands expanded sharply during the 19.80% six-day surge, reflecting rising volatility. Price consistently hugs the upper band, denoting strong directional momentum. Historically, such band expansion after consolidation (June’s $15-$16 range) often precedes continuation patterns. A contraction or price pullback toward the 20-period moving average (mid-band, approx $17.00) would offer a potential entry point.
Volume-Price Relationship
Volume surged to 143.95 million shares during the latest 6.00% advance—well above the 30-day average—validating buyer conviction. The rally’s sustainability is corroborated by ascending volume on up days versus declining volume during minor pullbacks (e.g., June 20’s -1.04% drop on 87.5M shares). This accumulation pattern signals institutional participation.
Relative Strength Index (RSI)
The 14-day RSI reads 76, entering overbought territory (>70) after the rapid ascent. Historically, SOFI’s RSI can remain elevated during strong trends (e.g., April 2025 saw RSI>80 during a 19.89% surge). While warranting caution for near-term consolidation, no bearish divergence is present. Traders should monitor for RSI reversal patterns but note that overbought readings alone haven’t halted prior uptrends.
Fibonacci Retracement
Applying Fibonacci levels to the March-June 2025 swing (low: $13.07 on 2025-03-26, high: $18.92), key retracement supports emerge at $17.00 (23.6%) and $16.00 (38.2%). The current price sits above the 23.6% level, reinforcing $17.00 as a confluence support zone (aligning with Bollinger mid-band and moving averages). A breach above $19.00 would target the 161.8% extension at $21.50.
Confluence and Divergence Observations
Confluence is evident at $17.00, where Fibonacci 23.6%, the 50-day moving average, and Bollinger mid-band converge, creating a high-probability support floor. No material divergences exist among momentum oscillators, though RSI overbought conditions conflict slightly with MACD’s steady acceleration—a nuance suggesting potential consolidation rather than reversal. The volume-backed breakout above June’s resistance confirms bullish unanimity across volume, trend, and volatility indicators. Given the alignment of moving averages, MACD, and volume, the technical structure favors continued upside after possible short-term digestion of gains.