Today’s Market, April 29: SoFi Technologies Surpasses Revenue Expectations Despite Zero Growth in Annual Guidance, Yet Declines

The news headline indicates market disappointment with SoFi despite beating revenue expectations, as the company did not raise its annual guidance. On the technical indicators, the RSI is at 49.27, in neutral territory, while the MACD is below the signal line and negative, pointing to short-term weakness. The price is just above the 20-day SMA ($16.19) but below the 50-day SMA ($16.55), suggesting limited upward momentum. The 2.13% decline in the last 24 hours confirms ongoing selling pressure. A short-term bearish trend is likely to continue, but a break below the strong support level of $16.00 could trigger a sharper decline.