What triggered SoFi shares' latest price pullback

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Sofi slides 2.18% today to $16.81

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Jainam Mehta

19.03.2026

What triggered SoFi shares' latest price pullback — Sofi slides 2.18% today to $16.81

SoFi Technologies, Inc. (SOFI) is trading at $16.81, which is below its SMA-20 at $18.42, SMA-50 at $21.65, and SMA-200 at $23.71. This reflects persistent short-, medium-, and long-term downward pressure, with the Ichimoku Kijun at $19.24 marking the nearest dynamic resistance.

SOFI price prediction

24H -0.29%

$17.1

48H -0.87%

$17

7D 0.06%

$17.16

1M -0.87%

$17

3M 53.94%

$26.4

6M 122.27%

$38.12

12M 19.3%

$20.46

Detailed

Current price: $ 17.15 0.4700 2.82%

Closed 06/04

Daily range 16.87

17.23

Weekly range 16.58

18.80

Highlights

Muddy Waters accused SoFi of understating loan losses and hiding at least $312 million in liabilities, with management publicly rejecting the allegations and considering legal action.
CEO Anthony Noto purchased about $500,000 in SoFi shares following the report, intensifying scrutiny of the company's financial transparency and credit quality.
Technicals remain bearish, with SOFI trading below key averages and indicators negative; next week's expected range is $14.74 to $16.19, with downside risk prevailing.

Accounting scrutiny intensifies following short report and insider buying

SoFi Technologies was the subject of a short report from Muddy Waters Research that alleged aggressive accounting practices, including understated loan losses, inflated fair-value gains, off-balance-sheet debt disguises, and at least $312 million in unrecorded liabilities. Management rejected these claims and stated that the report is factually inaccurate and misleading, with legal action under consideration. CEO Anthony Noto purchased approximately $500,000 worth of SoFi shares, and scrutiny of the company's financial practices, governance, and credit quality increased, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, sees sustained bearish momentum in SoFi’s trading as price fails to overcome its crucial moving averages. He highlights that the Muddy Waters short report raises serious doubts about SoFi’s accounting transparency and underlines increasing scrutiny on governance and credit quality. The analyst points out that negative momentum signals and oversold indicators reflect persistent selling pressure, leaving the stock vulnerable to further downside. He notes that support holds for now, but any break below $14.74 could accelerate declines. "With credibility under direct attack and trend signals unambiguously negative, I see heightened downside risk and would remain defensive on SoFi."

Viktoras Karapetjanc, expert at Traders Union, believes recent volatility presents renewal opportunities for investors attentive to SoFi’s underlying growth story. He notes that CEO share purchases and management’s firm response to allegations demonstrate strong leadership resolve and institutional confidence. Karapetjanc finds that SoFi’s resilient support levels suggest buyers remain engaged. He states, "Despite temporary pressure from headline risk, I expect the bullish structure to reassert once market sentiment stabilizes."

Jainam Mehta, market strategist, observes that SoFi’s technicals remain under measured pressure with sideways consolidation expected near support. He sees potential for tactical trades if intraday stabilization persists or if oversold signals deepen. "A swift break above $19.24 could trigger a contrarian rally, but caution should dominate until a clear reversal emerges."

Bearish momentum confirmed as oscillators show broad selling strength

Momentum signals remain negative, with both MACD and ADX confirming a prevailing bearish trend. RSI is hovering near oversold territory, supported by deeply oversold readings from the Stoch RSI and CCI, while BBP’s negative value highlights ongoing selling dominance in intraday action. The AO is also negative, lending further weight to the downward momentum, while the daily move shows SOFI slipping 2.18%. There was a modest gap down at the open, and the current price sits mid-range for today, suggesting moderate volatility and some stabilizing after early selling pressure. Oscillators and momentum indicators are in agreement, with no substantial divergence observed.

Earlier, analysts noted that SoFi was experiencing persistent bearish momentum amid ongoing selling pressure and predominantly negative technical signals. The latest analysis underscores this negative outlook while introducing heightened scrutiny from the Muddy Waters short report, with downside risk remaining elevated and the area near $14.74 now a crucial support level for traders to monitor.

Source of Data: SOFI Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.