SOFI rose more than 3% on Tuesday, extending a rally that has placed shares above their short- and intermediate-term trend lines. The move lagged the broad financial sector, which was nearly flat, indicating positive relative strength but limited fresh fundamental catalysts in the article.
SoFi Technologies jumped 8% after testing a long-standing support around $15.20, echoing prior rebounds in March, May, and June. The piece frames a psychology-driven setup where demand at support can spark a new uptrend as buyers fear missing out. If the pattern holds, SOFI could challenge near-term resistance and extend upside momentum.
SoFi’s quarterly results emphasize cross-selling strength, with 2.2 million new products vs 1.1 million new members and 51% of those from existing customers. Members rose 35% YoY to 15.8 million; total products surged 42% to 24.4 million. The company launched AI-powered investing via Composer, expanded SoFi Coach, and grew paid SoFi Plus to over 200,000, suggesting a shift toward durable revenue through deeper customer relationships.
SOFI is advancing ahead of its July 29 earnings report as traders position for a potential sentiment reset. The consensus calls for 11c EPS on $1.11B revenue, with the stock trading around $16.92 and a valuation near 39x earnings. A solid beat could push the shares through resistance around $18.50 and alter the near-term risk-reward dynamic.
SoFi unveiled SFYI, an ETF packaging an actively managed options strategy across its top 50 holdings, expanding SoFi Invest's product suite. The fund aims to deliver monthly income and capital appreciation, lowering entry barriers to options-based investing with a 0.73% expense ratio. The launch could attract asset inflows and boost SoFi's platform revenue if successful.
SoFi advances on two catalysts: the SMB loan launch with rapid funding and a rising brand lift from its Trump Accounts program backing. If July earnings confirm momentum, the stock could extend gains toward the $19–$21 range, though the 200-day average remains a longer-term hurdle. Near-term resistance sits around $18.50, with support near $16.00.