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Post-Earnings Rebound & Resistance Check

Post-Earnings Rebound & Resistance Check

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.

SOFI daily chart with EMA20, EMA50 and volume
SOFI — daily chart with candlesticks, EMA20/EMA50 and volume.

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…

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