SoFi Just Surged 20%… Is $60 Next?
1 extracted signal · 0 resolved · 1 still active
The Long InvestorIndependent analyst profile- Source published
- 03 Nov 2026, 17:09 UTC
- Recorded by Tahlil Plus
- 03 Nov 2026, 17:10 UTC
AI-generated source summary
The analysis focuses on SoFi (SOFI) using Elliott Wave theory. The stock has completed a five-wave impulse move (Wave 1) from its 2024 low, reaching a top around $32.73. Since then, it has been in a correction phase (Wave 2) for approximately seven months, trading sideways between the 0.5 and 0.618 Fibonacci retracement levels. The current price is estimated around $23.00. The analysis highlights a bounce off the 0.618 Fibonacci level near $15.08, marking the end of Wave 2. The immediate next step for a bullish continuation is to reclaim the 50-week moving average, which is projected to be around $24.92. If SOFI moves above $25, it signals the start of the bull case (Wave 3). Conversely, if the price fails at $15, it would fall to the 200-week moving average, estimated near $13.14, serving as the next support level. However, the primary bullish outlook suggests that if Wave 3 plays out as expected, the target price is $60.70.
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