Verified Investing on $SOFI (Oct 27, 2026)
SoFi beat EPS by 10.93% and revenue by 9.27% but has held the bottom of a parallel range for two weeks, where too long at support could weaken it and risk a trap break; today's move closed the gap, and if that momentum continues, the next major resistance is $19.23, linking the April 2026 and July pivot peaks.
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Next is SoFi stock. SoFi stock also represents the other side of the big jump. They have announced their profits, as you can see here. Earnings per share exceeded expectations by 10.93%, as did revenue by 9.27%, but also look at what happens when the price drops to the bottom of the parallel range, folks.
First touch, second touch. The price was supposed to touch this level and bounce back, guys, but the reason it's stayed here for the past two weeks is because the earnings announcement is approaching.
That makes sense. I know this sounds a bit cautious, because staying too close to a support level for too long could weaken it and create a potential trap by breaking the price at that level.
But keep in mind that as earnings season approaches, investors often prefer to reduce their positions before the announcement. Specifically, immediately after the price drops from the bearish flag pattern on the weekly timeframe.
Therefore, it makes sense that there would be a lot of fluctuation or movement at the bottom of this
I know this sounds a bit cautious, because staying too close to a support level for too long could weaken it and create a potential trap by breaking the price at that level. But keep in mind that as earnings season approaches , investors often prefer to reduce their positions before the announcement.
Specifically, immediately after the price drops from the bearish flag pattern on the weekly timeframe. Therefore, it makes sense that there would be a lot of fluctuation or movement at the bottom of this parallel range.
A fantastic upward move today has reached the point of closing this gap. I believe that if this momentum continues, the next major resistance level for SoFi is right here at $19.23 , linking the pivot peak from April 2026 with the pivot peak in July of this year.