As of May 22, 2026, SOFI (SoFi Technologies, Inc.) is in a downtrend state on the weekly chart, with a confidence level of 72%. Key support is at $15.4 and key resistance at $17.8. Weekly price at ~$15.62 is making LH/LL after a major peak near ~$30, now consolidating just above the rising EMA200 (~$15.42) with RSI14 ~36 (weak momentum).
Base-building on/above EMA200: chop between ~$15.40 and ~$17.80, then attempt a rebound toward the declining EMA50 area; fits an Elliott Wave corrective phase (likely wave 4/b-type consolidation after a wave 3/impulse peak) before a clearer direction emerges.
Breakdown continuation: lose EMA200 and the recent swing-low shelf, triggering another leg down (Elliott Wave: potential wave 5 continuation of the larger correction). Fibonacci-wise, a breakdown would open room toward the prior congestion/mean-reversion zones.
Weekly close below ~$15.40 (EMA200) with follow-through toward ~$14.80.
Weekly close back above ~$17.80 (EMA100) and hold for 2+ weeks.
Start near EMA200 support; add on confirmed breakdown/retest of ~$15.4; heavy add only at deeper prior base/200SMA region (~$12) where downside likely compresses.
Trim into MA clusters/likely supply (EMA50/SMA50 area); stronger trim into prior distribution near highs; close into any retest/exceed of the blow-off zone where long-term forward returns historically compress.
As of May 22, 2026, SOFI (SoFi Technologies, Inc.) is in a downtrend state on the weekly chart with 72% confidence. Weekly price at ~$15.62 is making LH/LL after a major peak near ~$30, now consolidating just above the rising EMA200 (~$15.42) with RSI14 ~36 (weak momentum).
On the weekly timeframe, SOFI has key support at $15.4 and key resistance at $17.8. The most likely scenario (bullish) targets $17.8 and $19.9, with a revert level at $16.4.
SOFI (SoFi Technologies, Inc.) is currently classified as downtrend on the weekly chart, with 72% confidence. Confirmation requires: Weekly close below ~$15.40 (EMA200) with follow-through toward ~$14.80. This would be invalidated by: Weekly close back above ~$17.80 (EMA100) and hold for 2+ weeks.
The most likely scenario (bullish) targets $17.8 and $19.9, with a revert level at $16.4. The alternative scenario (bearish) targets $14.8 and $12.0.
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