Setup:
SOFI is up more than 20% since its Q2 earnings release, currently at $18.38, back above the 200 EMA it spent most of the year trading under. Reclaiming resistance at $20 opens the door toward $30, the level the stock last held before its late-2025 top.
Why the fundamentals support this:
✅ Revenue $1.22B, up 40% YoY
✅ Net income up 61%
✅ Record $14.8B in loan originations
✅ 1.1 million new members added, the best quarter for member growth in company history, pushing total to 15.8M, up 35% YoY
✅ Tangible book value up 80% YoY to $9.5B
✅ Management raised full-year guidance off the back of this
✅ Expanding into new territory with SoFi Crypto and its own SoFiUSD stablecoin, both live now
The gap worth watching:
The stock is still down 30% year-to-date despite every one of these numbers moving in the right direction. Fundamentals have already turned, price is just catching up.
Bias: Long.
First resistance to clear at $20, target $30 above that. Invalidated on a close back below $15 support.
Timeframe:
Multi-week to multi-month swing, this is a fundamentals-catching-up-to-price story, not a fast trade.
SOFI is up more than 20% since its Q2 earnings release, currently at $18.38, back above the 200 EMA it spent most of the year trading under. Reclaiming resistance at $20 opens the door toward $30, the level the stock last held before its late-2025 top.
Why the fundamentals support this:
✅ Revenue $1.22B, up 40% YoY
✅ Net income up 61%
✅ Record $14.8B in loan originations
✅ 1.1 million new members added, the best quarter for member growth in company history, pushing total to 15.8M, up 35% YoY
✅ Tangible book value up 80% YoY to $9.5B
✅ Management raised full-year guidance off the back of this
✅ Expanding into new territory with SoFi Crypto and its own SoFiUSD stablecoin, both live now
The gap worth watching:
The stock is still down 30% year-to-date despite every one of these numbers moving in the right direction. Fundamentals have already turned, price is just catching up.
Bias: Long.
First resistance to clear at $20, target $30 above that. Invalidated on a close back below $15 support.
Timeframe:
Multi-week to multi-month swing, this is a fundamentals-catching-up-to-price story, not a fast trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.