SOFI climbs as buyer support drives upward price move
SoFi (SOFI) stock is trading at $16.85, up 2.78% on the day, and remains above its key short- and medium-term moving averages with strong upward momentum.
Highlights
- SoFi Technologies reported third-quarter 2026 net revenue of $1.4 billion and net income of $241 million, both record figures.
- Full-year 2026 guidance has been raised to $5.04 billion in net revenue and $1.66 billion in adjusted EBITDA, with personal loan originations reaching $12.6 billion and student loan originations at $2.9 billion.
- Shares of SoFi are trading with strong intraday bullish momentum, supported by positive indicator signals and a projected range of $15.73 to $17.97 over the next sessions.
Profit growth and record loan originations drive investor demand
SoFi Technologies reported record third-quarter 2026 results, with net revenue reaching $1.4 billion and net income totaling $241 million, signaling stronger business performance and improved profitability that has fueled investor demand. The company also raised its full-year 2026 guidance for net revenue to $5.04 billion and adjusted EBITDA to $1.66 billion, a move that demonstrates management’s confidence in sustained growth, according to Grafa. Additionally, SoFi saw personal loan originations climb to $12.6 billion and student loan originations hit $2.9 billion—both the highest in its history—alongside a 35% increase in its member base, according to Yahoo Finance and Stocktwits. These achievements collectively support heightened buying interest in the stock.
Positive momentum signals as mixed oscillators reflect volatility
On the hourly chart, SOFI is trading above both the MA-20 at $15.32 and the MA-50 at $14.96, while remaining just below the longer-term MA-200 at $17.93. The Ichimoku Kijun provides immediate support at $15.5. Momentum readings are decisively positive: MACD and ADX both highlight underlying buying strength, RSI is at 72.05 indicating a buy condition, and CCI also issues a buy signal. However, Stochastic RSI is neutral and the Awesome Oscillator does not reinforce the current directional move, with some divergence among oscillators. Bull/Bear Power confirms buyers currently dominate intraday activity, and volatility remains elevated near session highs.
Bullish scenario favored amid strong momentum and rising volatility
Over the next two to three sessions, the anticipated trading range for SOFI is between $15.73 and $17.97, reflecting the current volatility band relative to existing levels. There is a 78% probability of an upward move, suggesting that scenarios favor continued consolidation or a breakout above the resistance band. Price momentum is strong, but any break below the immediate $15.5 support could trigger a bearish scenario, while sustained movement above resistance would reinforce the bullish setup.
Earlier, analysts noted that SoFi’s strong financial results and rising user adoption provided a fundamental basis for continued market demand in the stock. The latest data not only reinforce this outlook with record loan originations and robust momentum, but also highlight $15.5 as a key support level to monitor for any potential shifts in trend.