This technical indicator thwarted a warning sign for SOFI Stock: What he says

Sofi (SOFI) witnessed a significant growth in value, increasing by more than 230 % during the past year. This increase reflects Sofi’s ability to expand its members and the base of the products constantly, which is a strategic axis towards capital revenue flows, its commitment to low financing costs and strong risk management.

However, this increase prompted the 14 -day relativity index for Sofi to 75.73 on the weekly graph, the technical level that indicates that the stock is now at the height of the peak. For investors, this raises the possibility of short -term withdrawal with the market digestion of modern gains.

However, Sofi’s long -term expectations appear to be promising. Diverse revenue sources and strength through their financial services, lending and technology provides a large lonely listed.

Sofi’s last quarterly offers reflect the strength of its diverse revenue model. The highest growth rate of the highest line accelerates, while the base of its members and the product base has expanded significantly.

For example, Sofi results in the second quarter highlighted an acceleration in the rate of revenue growth to 44 %, which represents the fastest pace in more than two years. At the same time, mystical profits have increased dramatically. The motivation in Sofi’s business is driven by new additions to members and deeper participation of existing customers. During this quarter, Sofi added 850,000 new members, thus reaching 11.7 million, an increase of 34 % over last year. At the same time, the members adopted 1.3 million new products, prompting total products to more than 17 million products. Nearly 35 % of these were selling to the current members, which reflects the strength of its platform and its strategy to expand the portfolio of the wallet through its growing customer base.

Another main catalyst is the innovation of SOFI in financial services offers and its work platform Loan (LPB). LPB enhances Sofi’s infrastructure to create loan portfolios for third parties. By transferring these loans from its public budget within days, SOFI avoid additional capital requirements and credit risk, with a fee for each transaction. Within a little more than a year, the company decreased to an annual pace of $ 9.5 billion of assets and more than $ 500 million in high margin fees. The administration believes that LPB may reach one billion dollars of annual revenue, with greater potential if Sofi succeeds in the distinctive symbol loans to make it widely traded in smaller increases, and lending may open like a assets of ordinary investors.