AFFIRM HOLDINGS INC (AFRM) Technical Analysis
NASDAQ:AFRM • US00827B1061
We assign a technical rating of 0 out of 10 to AFRM. AFRM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 79% of all other stocks performed better in the past year than AFRM.
- AFRM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- AFRM has an average volume of 6601860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- AFRM is an average performer in the Financial Services industry, it outperforms 42% of 98 stocks in the same industry.
- In the last month AFRM has a been trading in the 43.73 - 60.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, AFRM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 51.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.97, a Stop Loss order could be placed below this zone.
More info and screens
46.19
We found 1 important support area.
- A support zone ranging from 46.66 to 46.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 51.71 to 52.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @75.96 from a trend line in the weekly time frame.
- Resistance @77.82 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for AFRM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AFRM is down. |
| ChartMill Relative Strength | 21.22 | NEGATIVE | AFRM has a low relative strength, it was outperformed by 78.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AFRM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AFRM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AFRM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.54 | NEUTRAL | The RSI value for AFRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.97 | POSITIVE | The MACD value suggests AFRM has a positive trend. |
| Stochastics (14,3) | 73.44 | NEUTRAL | The Stochastics value for AFRM is a neutral value. |
| Average True Range in percent/ATR (20) | 6.24 | HIGH VOLATILITY | The high ATR as a percentage value for AFRM suggests high volalility. |
| Average Directional Index/ADX (14) | 32.61 | POSITIVE | The high ADX value value for AFRM suggests a strong trend. |
AFRM Technicals: Chart, Performance Metrics, Trend & Indicators
50.79
+1.02 (+2.05%)
AFFIRM HOLDINGS INC / AFRM FAQ
What is the ChartMill technical rating of AFFIRM HOLDINGS INC (AFRM) stock?
ChartMill assigns a technical rating of 0 / 10 to AFRM.
Can you provide the trend direction for AFFIRM HOLDINGS INC?
The current trend direction for AFFIRM HOLDINGS INC (AFRM) is Bearish.
What is the RSI signal for AFFIRM HOLDINGS INC (AFRM) stock?
AFFIRM HOLDINGS INC (AFRM) has an RSI value of 42.535. This indicates that the stock is currently neutral.
Can you provide the short term momentum for AFFIRM HOLDINGS INC?
The short term momentum for AFFIRM HOLDINGS INC (AFRM) is negative.
What is the buy/sell signal for AFFIRM HOLDINGS INC (AFRM) stock?
The buy/sell signal for AFFIRM HOLDINGS INC (AFRM) is sell as both the short term and long term trends are negative.