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SOFI 2024

Calculated run

Before the breakout

Base length119 trading days

Base: consolidation before the breakout. Depth measures the distance from the pivot to the lowest closing price in that period. Calculated runs examine at most 119 preceding trading days.

Base depth-30.3%

Base: consolidation before the breakout. Depth measures the distance from the pivot to the lowest closing price in that period. Calculated runs examine at most 119 preceding trading days.

Prior run+19%

Price advance before the base. Calculated runs compare the pivot with a closing price around 60 trading days before the base.

Breakout

Date
Pivot$9.07

Pivot: the breakout level marked on the chart. For calculated runs, it is the highest daily high over the preceding 20 trading days.

Breakout day volume2.9×

Breakout day volume divided by average daily volume over up to 50 preceding trading days. 3× means three times that reference volume.

Calendar year performance 2024

Peak+167.1%

Advance from the lowest closing price before the confirmed yearly peak to that peak. Both points are identified in hindsight. This is not an achieved trading return.

Yearly return+58.6%

Price change from the first stored opening price to the last stored closing price of the calendar year. Costs and taxes are not included.

Largest drawdown-34.5%

Largest closing price decline from a preceding closing high within the calendar year. It does not necessarily occur after the marked breakout.

ADR 204.6%

Average Daily Range: daily high to low range as a percentage of the low, averaged over 20 trading days. Calculated runs show the median of those values during the calendar year, not the current ADR.

News around the breakout

S&P 500 Extends Record Highs, Dow Breaks 43,000 Ahead Of Pivotal Earnings Week, Bitcoin's Rally Lifts Crypto Stocks: What's Driving Markets Monday?

Oct 14, 2024 · Benzinga

Timing alone does not establish that this news caused the price advance.

Data and definitions · Calculated run

Calculated from daily prices. The marked breakout is the day with the largest percentage closing gain above the high of the preceding 20 trading days. This is a retrospective selection, not a trading signal available at the time.

Historical selection of strong price advances. It does not establish a win rate for future setups.