Stock Of The Day: Is SoFi Forming A New Range?

Benzinga_recent_news

Oct 08

SoFi Technologies, Inc. (NASDAQ:SOFI) is trading higher Tuesday despite there being no company-specific news. It appears to be forming a new trading range. We have made it our Stock of the Day. There ...

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It appears to be forming a new trading range.\nWe have made it our Stock of the Day. There ...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/long-ideas/25/10/48084410/stock-of-the-day-is-sofi-forming-a-new-range\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Of The Day: Is SoFi Forming A New Range?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Of The Day: Is SoFi Forming A New Range?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-10-08 01:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/trading-ideas/long-ideas/25/10/48084410/stock-of-the-day-is-sofi-forming-a-new-range><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SoFi Technologies, Inc. (NASDAQ:SOFI) is trading higher Tuesday despite there being no company-specific news. It appears to be forming a new trading range.\nWe have made it our Stock of the Day. There ...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/long-ideas/25/10/48084410/stock-of-the-day-is-sofi-forming-a-new-range\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4551","symbol_name":"寇图资本持仓","start_time":0,"source_url":"https://www.benzinga.com/trading-ideas/long-ideas/25/10/48084410/stock-of-the-day-is-sofi-forming-a-new-range","article_id":"2573671869","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/10/07/San-Francisco--Ca--Usa---May-1--2022-Sof.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/trading-ideas/long-ideas/25/10/48084410/stock-of-the-day-is-sofi-forming-a-new-range","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2573671869","pubTimestamp":1759859580,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"SoFi Technologies appears to be forming a new range. Some traders will buy at the bottom and try to sell at the top.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4551":"寇图资本持仓","BK4166":"消费信贷","BK4535":"淡马锡持仓","SOFI":"SoFi Technologies Inc.","BK4549":"软银资本持仓"},"translate_title":"今日股票：SoFi正在形成一个新的系列吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOFI":1},"content_text":"SoFi Technologies, Inc. (NASDAQ:SOFI) is trading higher Tuesday despite there being no company-specific news. It appears to be forming a new trading range.\nWe have made it our Stock of the Day. There are typically two ways to trade a range profitably. One is to buy near the bottom of the range and sell close to the top. The other is to wait for the stock to break out of the range.\nAs you can see on the chart below, there was recently resistance for SoFi around $28.40. There is a good chance that if the stock reaches this price, it will reencounter resistance, marking the top of a new trading range.\nThere can be resistance at prices that were previously resistance levels. This is a common occurrence in markets.\nSome people who acquire shares when the price is at resistance regret doing so when the price drops. Some make the decision to hold onto their losing positions, but they also decide to sell if they can eventually get out at breakeven.\nRead Also: AMD’s OpenAI Deal Could Spark A New AI Arms Race With Nvidia\nThis means if SoFi returns to $28.40, there will be remorseful buyers placing sell orders. This could create resistance at the level again.\nThe recent support for the stock was at the $25.20 level. This could become the bottom of the new range.\nSome of the people who sold there now regret doing so because the price is higher. Some investors vowed to buy back their shares if they could purchase them at the same price they sold for.\nThis buying could create support at the level again.\nSome traders will consider buying SoFi if it drops back to this support. They would plan to sell if it approached the resistance.\nOther traders will buy shares if the resistance is broken and they trade above it. This could mean that the sellers who created the resistance have left the market. With this supply out of the way, the stage could be set for a move higher,\nRead Next: \nImage: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}