SoFi Technologies, Inc. stock jumps on 40.5% revenue growth, tests $18.59 resistance

SoFi Technologies, Inc. stock surged post-earnings, closing at $18.02 on August 3. The session spanned a wide $16.45–$18.08 range on 75.7 million shares. This volatile action signals an active battle for control following the second-quarter report, with the stock now testing key resistance.

Key takeaways

• SoFi delivered 40.5% year-over-year revenue growth to $1.21 billion, with non-GAAP EPS of $0.12 beating consensus by 9.9%
• The daily trend remains neutral despite the rebound, with RSI at 55.57 and MACD still technically negative
• Hourly RSI has reached overbought territory at 74, creating a clear timeframe divergence against the still-neutral daily chart
• The critical resistance zone sits between $17.88 and $18.13 on shorter timeframes, with daily R1 at $18.59 marking the next upside hurdle
• A daily close below the EMA20 at $17.10 would invalidate the bullish recovery thesis

SoFi Technologies, Inc. Stock: Why the Fundamentals Support the Rebound

SoFi Technologies, Inc. stock delivered 40.5% year-over-year revenue growth and beat estimates by 9.9%. Yet the shares initially dropped after the print. That disconnect between strong numbers and negative price action now fuels the rebound.

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