Buying Above $8 is Dangerous!? SOFI Stock Price Prediction | SOFI Stock Analysis

hello everyone welcome back to under radar talks shares of Sofi Technologies surged 7.2% on Thursday and trading volume and turnover were significantly increased the stock price hit a high of $8.30 but the stock price quickly retreated and stayed at $8 in late trading yes for bottom profit Capital the profit margin at this position is already very large and there is every reason to sell the chips in hand of course this does not mean that the stock price will fall immediately but there may not be much room for further rise the data shows that the daily Short Selling ratio of the stock was 13.3% on August 27th and this ratio dropped to 10% on August 28th even though the stock price fell 3.6% on that day this reflects that the bullish sentiment of the stock has not declined which is in line with the recent stock price performance the short selling ratio of the stock on August 29th has not yet been shown but I think this ratio may rise after the stock price Rises sharply which means that the bearish sentiment of the stock will rise through the analysis of the trading volume of the stock the trading volume of the stock is relatively concentrated in the range of $716 to $754 because the stock price has been consolidating in this area for several days for this part of the capital entering the market the current profit margin is nearly 10% therefore the significant increase in trading volume on August 29th is likely to be the result of the selling of profitable capital in this area and Below because the locked in capital above $8 has long been exhausted let's take a look at the 15minute chart of the stock we can see that the stock price Rose strongly in the morning of August 29th with a large trading volume but when the stock price Rose to $8.30 it began to fall back and then it seemed to be completely dominated by shorts and the trading volume generated was also large this may not be a good thing it may be a signal of capital outflow let's take a look at the capital flow data of the stock we can see that in the past five trading days the stock has had a net inflow of capital on four trading days which is consistent with the recent stock price performance but there is one thing worth noting here that is on August 29th its capital net inflow was $3 million which was even lower than the capital net inflow on August 27th but the total transaction amount on that day was as high as $684 million which reflects that the capital inflow into the market on that day was not significantly higher than the capital outflow and the capital outflow increased significantly compared with the previous trading days let's take a look at the market position distribution data of the stock we can see that the current position profit rate of the stock is as high as 95% which means that the stock price will be under great pressure above $8 however since the stock price has just stood at $8 there are not many positions Above This price but the stock price May encounter further selling of profitable capital in this area thereby suppressing the rise of the stock price as mentioned earlier it is possible that the Bulls will block the Bears at the $8 level because some Capital may not have exited the market yet but there may not be much room for further rise because I seem to have seen signals of capital cashing out so I set the highest Target price of the stock at $845 if the capital that has made profits is ready to continue selling then the $8 level should be the best place for consolidation and after after the selling is completed the stock price will fall so buying stocks above $8 may be dangerous okay guys this is my price prediction for Sofi Technology stock thank you for watching if you like my analysis please click the Subscribe button and give a thumbs up I will bring you more latest price predictions for popular stocks later see you in the next video