SOFI STOCK PRICE PREDICATIONS | FOR JULY 5TH
Summary
TLDRThe video discusses stock price predictions for Palente Tier, noting a potentially volatile week ahead due to Fed minutes and unemployment data. Sofi's stock has been flat, affected by Jim Kramer's negative stance and upcoming earnings release on July 30th. Analysts expect a possible rise to $8 if earnings are strong. Whale activity suggests bullish sentiment, with active put selling and mixed call buying. Technical analysis of Sofi's chart indicates key support and resistance levels, with the potential for upward movement if support holds.
Takeaways
- π Stock price predictions for Palente Tier are expected to be volatile due to the release of FED minutes and unemployment data.
- π Sofi's stock has been flat and slightly lower than expected by analysts and investors over the last few weeks.
- π£οΈ Jim Kramer has publicly stated his disapproval of Sofi, which could influence market sentiment.
- π Sofi is scheduled to release their latest earnings on July 30th, which may impact the stock price if the numbers are strong.
- π° If Sofi's earnings and forward guidance are positive, the stock price could rise significantly, potentially over $7 or closer to $8.
- π Historically, there's been a hype and price run-up before earnings, followed by a selloff even if the earnings were good.
- β²οΈ Traders are advised to be cautious, especially if they are short-term and not using dollar-cost averaging, with a focus on using stop-loss orders to minimize losses.
- π³ Unusual whale activity has been observed, with active selling of puts, suggesting bullish sentiment and expectations that Sofi's price won't fall below certain levels.
- π On the call side, there's a mixed sentiment with some selling calls, indicating a bearish view that Sofi won't rise above $8 by July 26.
- π If the market opens and Sofi is rejected at $6.49, support levels to watch are $6.62, $6.75, and $6.85 for potential upward movement.
- π Conversely, if the price falls below $6.43, further support levels to watch are $6.40 and $6.30 for potential downward movement.
Q & A
What is the overall market sentiment towards Palantir and Sofi for July 5th?
-The market is expected to be volatile due to the release of the FED minutes and unemployment data. Palantir is expected to experience significant movement, while Sofi has been relatively flat but has potential for upside movement.
Why is July 5th considered a potentially volatile day for the stock market?
-July 5th is considered volatile because it follows a holiday and coincides with the release of the FED minutes, which can significantly influence market sentiment.
How has Sofi's stock performance been described in the last couple of weeks?
-Sofi's stock has been relatively flat and has slightly underperformed compared to analysts' expectations.
What is Jim Kramer's opinion on Sofi, and what impact might this have?
-Jim Kramer has expressed a negative opinion on Sofi, which might influence investor sentiment and potentially contribute to the stock's lackluster performance.
What is significant about July 30th for Sofi?
-July 30th is significant for Sofi because it is scheduled to release its latest earnings report. Positive earnings and forward guidance could drive the stock price higher.
What strategy should short-term investors consider for trading Sofi around its earnings release?
-Short-term investors should consider using stop-loss orders or other risk management tools to protect against potential losses, especially given the possibility of volatility around the earnings release.
What does the unusual activity on the put side indicate about investor sentiment towards Sofi?
-The unusual activity on the put side, including active selling of puts, indicates a bullish sentiment, suggesting that investors believe Sofi will not fall below certain price levels by specific dates.
What are the key price levels to watch for Sofi by July 5th and October 2024?
-Investors are betting that Sofi will not be below $6.50 by July 5th and not below $6 by October 2024.
What does the call side activity suggest about Sofi's potential price movement?
-The call side activity presents a mixed sentiment. Some investors are bearish, selling calls at $8, indicating they do not expect the price to rise above that level by July 26. Others are less bearish, selling calls at $7.50 by August 2.
What price levels are critical for Sofi to maintain or exceed for a bullish trend by the end of the week?
-For a bullish trend, Sofi needs to find support at $6.62 and potentially move up to $6.75 and then $6.85.
What are the potential downside levels for Sofi if the market opens negatively?
-If Sofi faces a negative market opening and is rejected at $6.49, it could test $6.43, and failing that, it might drop to $6.30.
How should investors approach Sofi's stock in light of the upcoming earnings and market conditions?
-Investors should closely monitor key support and resistance levels, consider the implications of the upcoming earnings report, and use appropriate risk management strategies to navigate potential volatility.
Outlines
π Stock Predictions Amidst Market Volatility and Earnings Anticipation
The script discusses upcoming stock price predictions for Palente Tier, noting the market's potential volatility due to the release of the FED minutes and unemployment data. It mentions the flat performance of SOFI stock, influenced by Jim Cramer's negative comments and the anticipation of their earnings report on July 30th. The speaker suggests that strong earnings and forward guidance could boost the stock price above $7, possibly to $8. They also caution about the risks of short-term trading and the importance of using stop-loss orders. Whale activity analysis indicates bullish moves with active selling of puts, suggesting investors believe SOFI will not fall below certain price points by specific dates.
π Analyzing SOFI's Stock Movement and Key Support Levels
The second paragraph delves into potential stock movements for SOFI, providing specific price levels to watch. The speaker outlines a bullish scenario where the stock could rise to $6.75 and then $6.85 if it finds support at $6.62. Conversely, if the stock fails to hold at $6.49, it could drop to $6.43 and potentially to $6.30. The speaker invites viewers to share their thoughts on the stock's future performance, emphasizing the importance of earnings and forward guidance. They conclude by encouraging viewers to like, share, and subscribe for more financial insights.
Mindmap
Keywords
π‘Stock Price Predictions
π‘FED Minutes
π‘Volatility
π‘Unemployment
π‘Sofi
π‘Earnings Release
π‘Hype
π‘Stop Loss
π‘Whales
π‘Put Options
π‘Call Options
π‘Technical Analysis
Highlights
Stock price predictions for Palente Tier on July 5th are influenced by the holiday and upcoming Fed minutes.
Market volatility is expected due to the Fed minutes and unemployment data.
Sofi's stock has been flat and lower than expected by analysts and investors recently.
Jim Kramer's negative stance on Sofi and his reasons are mentioned.
Sofi's earnings release is scheduled for July 30th, with expectations for strong numbers and forward guidance.
A potential stock price increase to over $7 or closer to $8 is predicted if Sofi's earnings are strong.
Historical stock behavior suggests a hype and run-up before earnings, followed by a selloff if numbers are good.
Advice for short-term traders to use stop losses or brokerage tools to minimize losses.
Unusual whale activity is observed with active selling of puts, indicating a bullish move.
Investors are betting that Sofi's stock price will not fall below $6.50 by July 5th.
Long-term bets suggest Sofi will not be below $6 by October 2024, with any slight move up putting them in the money.
Mixed signals on the call side with some selling calls out to $8 by July 26, indicating a bearish view.
Call buyers are seen as out-of-the-money, putting less money up to make a profit on the upside.
The speaker is unsure of the market direction for Sofi, noting its flat and stagnant performance over recent weeks.
Technical analysis of Sofi's stock chart suggests potential support levels and price movements.
The speaker discusses potential resistance levels at $6.62, $6.75, and $6.85 for Sofi's stock.
If support at $6.49 is rejected, further downside to $6.43 and $6.30 is possible.
The speaker invites discussion on Sofi's earnings, the importance of guidance versus earnings, and future stock performance.
A call to action for viewers to like, share, subscribe, and comment on their thoughts about Sofi's future.
Transcripts
all right so here are your stock price
predictions for palente tier for July
5th now we are coming off a holiday okay
Thursday we were off uh which is today
uh tomorrow we're going to close out the
week probably in a very volatile way
because we have the FED minuts uh and
you know we have to decipher which way
the market is going to take that uh in
addition to
unemployment now alongside that uh Sofi
you know over the last couple of weeks
has been kind of flat um has gone a
little bit lower than a lot of um you
know analysts and investors would have
expected seen and then you have uh Jim
Kramer stating that he does not like
Sofi and you know he has his reasons now
in addition to that we are scheduled for
July 30th for uh sui to release their
latest earnings and hopefully if we have
some strong numbers as far as earnings
for share and grade forward guidance
then we can work our way uh well over $7
probably closer to $8 okay now usually a
week or so before with these stocks
there's some kind of hype and nice
little run up uh and the last time there
was a run up leading to earnings and
then after the earnings the numbers were
pretty good there was a selloff so uh if
you're going to be short timing uh with
SOI you're not long-term you're not
dollar cost average and just make sure
you you know you have a stop loss or
you're using your tools Associated uh to
your brokerage that will help you not
lose a lot of money okay now looking at
what's going on
[Music]
with the whals right the
unusual activity we can see on the put
side of the spectrum over the last three
days you can see that we've got some
active cells we've got some neutrals
neutrals I'm
assuming uh it's probably a straddle or
something like that is what I would
assume the neutrals are but overall
you're seeing a lot of active selling of
puts and essentially that is going to be
a bullish move so essentially you're
saying that so is not going to be below
a certain price by a certain date and so
at the bottom you can see uh investors
are saying so far is not going to be
below
$6.50 uh by July 5th which is tomorrow
and then you've got one up here that
says Sofi is not going to be uh below $6
by October of
2024 so for that one any slight move to
the upside is going to put that person
uh well into the money okay now looking
at the call side of the spectrum you can
see active buys um I would say it's a
mixed bag here so for the persons that
are a little bit bearish you can see
that they have a they're selling calls
out to 8 meaning that they don't foresee
uh
Sofi being above
$8 by July 26 which you can see here
which I would probably agree with that
but you never know and then you can see
another one says so far is not going to
be above
$750 by August the 2nd now looking at
the buy side of the
spectrum a lot of the buyers that I'm
saying look to be kind of out of the
money meaning they're putting up less
Mone um to try to make a profit to the
upside again so they're putting less
money up to make money going to the
upside so overall a mixed bag really
can't decipher the market really can't
decipher which way so far wants to go
and essentially that's why it's just
been pretty flat and stagnant over the
last couple of
weeks now as we look at the chart for
Sofi I'm going to bring it up for you
we're going to look at some potential
movement uh for the stock okay so I'm
GNA slide this up
here
and let's see so we are sitting at
$652 uh a lot of people have been
loading up on so far every time it goes
under about s $6.7 Cent but if we're
going to have a nice a nice end to the
week we're going to have to find a level
of support at
$662 if we can do that we can work our
way up to
$6.75 Cent and then the next leg up will
be 685 so I would suspect somewhere in
this area will be uh where we could
possibly end the week up if we're going
to go to the downside now if we are
going to go to the
downside you know the Market opens we
get rejected at 649 we're not able to
recapture that
we're going to test
643 if we can't hold 643 we're looking
at
$630 again okay now these are the levels
that I'm looking at let me know the
levels you're looking at what do you
think about so far going forward what do
you think the results are going to be as
it pertains to their earnings do you
think that for guidance is going to be
more important or earnings for share let
me know your thoughts I appreciate you
guys make sure you like share and
subscribe and wear out G guys peace
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