SOFI — Daily Playbook
SOFI is trading at 17.42, holding above its rising 50-SMA at 16.91 but still 23.37% below its 200-SMA at 22.73, leaving the broader trend in a defined downtrend even as the short-term tape stabilizes. RSI at 54.87 is mid-range and constructive, and MACD at 0.14 over its 0.03 signal line confirms momentum has flipped positive without yet looking stretched. The immediate setup is a base-build above the 50-SMA: the 16.91 area is the line in the sand for bulls, with prior consolidation near 17.00 acting as pivot support, while overhead supply thickens into the 200-SMA at 22.73 — the level that ultimately gates any trend-change thesis. A clean trigger would be continued closes above 17.42 with MACD expanding, opening room for a probe toward the gap between price and the 200-day; failure to hold 16.91 on a closing basis, especially with MACD curling back to its signal, would invalidate the near-term recovery read and put the lower end of the recent range back in play. Treat this as a countertrend bounce inside a longer downtrend until the 200-SMA is reclaimed — that is the level that changes the structural story.