How high can SoFi Stock go ?!!

Real Money's long-time technical analyst Bruce Kamich with over forty years of experience analyzing charts likes what he sees:

“SOFI trades above the rising 50-day moving average line and above the rising 200-day moving average line. Trading volume has been more active since early May and tells me that investors are showing more interest in this name,” writes Kamich. “The On-Balance-Volume (OBV) line shows strength since May as buyers of SOFI have been more aggressive than sellers. The Moving Average Convergence Divergence (MACD) oscillator is turning upwards again to a fresh outright buy signal.”

Kamich's daily point and figure chart pointed to a price target equivalent to Truist Securities analyst Andrew Jeffrey's newly raised price target of $16.

Furthermore, Kamich's used a Point and Figure chart that showed a much higher $21 price target (an 83.4% upside from the July 31st closing price of $11.45.)

SoFi stock will continue to have its ups and downs but Noto has reiterated that SoFi is growing with an increase in 2023 guidance and profitability in the fourth quarter. The extra push from additional student loans toward the end of the year is just the icing on the cake. SoFi stock has gained momentum with all its cylinders firing pushing towards the upward path of least resistance.

https://www.thestreet.com/investing/how-high-could-sofi-technologies-stock-go

https://realmoney.thestreet.com/investing/as-sofi-rallies-here-s-what-traders-could-do-next-16129950?utm_source=alert&utm_medium=email&utm_campaign=realmoney&utm_term=As%20SoFi%20Rallies,%20Here%26%23×27;s%20What%20Traders%20Could%20Do%20Next&utm_content=2023-07-31T17:33:37Z