SOFI stock plunges 31.5% this year despite record $10.7B in loans
SOFI stock sits between two competing stories. The daily chart shows a stabilizing name building short-term momentum. Still, the stock remains down more than 30% for the year despite “exceptional” earnings. This tension shapes how traders should read every timeframe.
Key takeaways
- SOFI stock closed at 18.29 on the daily chart, still below the 200-day EMA at 19.07.
- The stock is down more than 30% for the year, with a reported plunge of 31.5%.
- The daily MACD histogram is positive at 0.11, while the 1H trend is tagged bullish.
- SoFi originated a record $10.7 billion in personal loans last quarter.
- The 15-minute RSI14 has slipped to 44.12, signaling cooling short-term momentum.
Daily Trend for SOFI Stock: Recovering, But Still Under the 200-Day EMA
SOFI stock is recovering on the daily chart, but the trend stays neutral because price still trades below the 200-day EMA at 19.07.
Price Position Below the 200-Day EMA
On the daily timeframe, SOFI closed at 18.29 after trading between 18.28 and 18.58. Price sits above the EMA20 at 17.77 and the EMA50 at 17.56, pointing to short-term recovery. However, the 200-day EMA at 19.07 remains overhead. That single fact keeps the broader daily structure labeled neutral rather than firmly bullish.
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