AFFIRM HOLDINGS INC (AFRM) Stock Technical Analysis
NASDAQ:AFRM - Nasdaq - US00827B1061 - Common Stock - Currency: USD
Overall AFRM gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AFRM is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, AFRM did better than 96% of all other stocks. On top of that, AFRM also shows a nice and consistent pattern of rising prices.
AFRM is part of the Financial Services industry. There are 100 other stocks in this industry. AFRM outperforms 95% of them.
AFRM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AFRM is lagging the market slightly.
AFRM has an average volume of 7125240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month AFRM has a been trading in the 59.68 - 73.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AFRM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
35.25
71.94
We found 5 important support areas.
- Support @65.97 from a trend line in the daily time frame.
- A support zone ranging from 64.05 to 64.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 59.62 to 61.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.30 from a trend line in the weekly time frame.
- Support @35.61 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @69.19 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 70.31 to 71.23. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for AFRM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AFRM is up. |
| ChartMill Relative Strength | 96.19 | POSITIVE | AFRM has a high relative strength, it outperformed 96.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AFRM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AFRM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AFRM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.91 | NEUTRAL | The RSI value for AFRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests AFRM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.6 | NEUTRAL | The Stochastics value for AFRM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.15 | MEDIUM VOLATILITY | The ATR as a percentage value for AFRM suggests some volalility. |
| Average Directional Index/ADX (14) | 30.57 | POSITIVE | The high ADX value value for AFRM suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 69.20 | 65.96 | 3.24 (4.68%) | 21.36% |
| An entry @69.20. This is a Buy Stop order right above the resistance zone. | An exit @65.96. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.24 points, which is 4.68%. | When investing 21.36% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of AFRM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
68.9
-0.57 (-0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg-0.82%
1 Week6.46%
2 Weeks-0.42%
1 Month11.71%
3 Month63.66%
6 Month18.81%
12 Month129.97%
2 Year255.34%
3 Year156.71%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.06
ATR(20)%4.15%
ATR Inc6.02%
Range Today3.46
ADR(20)2.77
ADR(20)%4.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.19
Mansfield2.21
10 Day High73.11
10 Day Low62.04
20 Day High73.11
20 Day Low59.68
52 Week High82.53
52 Week Low22.25
CS1 End65.97
CR1 Start69.19
Volume & EV
DER(3)1.28%
DER(5)1.74%
Volume4.21M
Volume Incr8.33%
Vol(5)5.95M
Vol(50)7.13M