USA A1 Trading Advice (A) | 20-Nov-2024 | Expected Gain 12%-14%

 BUY   Affirm Holdings Incorporation (NASDAQ: AFRM)

Affirm Holdings Incorporation (NASDAQ: AFRM) STOCK RECOMMENDATION

Idea BUY
Buy Range 60 – 63
Target 70 – 72
StopLoss* below 56
Duration 12-14 Trading Days
Potential Returns 12% – 14%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 60 – 63 70 – 72 below 56 12-14 Trading Days 12% – 14%

* Once the first target hit, reset the StopLoss at your buying price.

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Affirm Holdings Incorporation (NASDAQ: AFRM) STOCK OVERVIEW

Affirm Holdings, Inc. operates a comprehensive payment network in the United States, Canada, and internationally, providing innovative financial solutions for consumers and merchants. Founded in 2012 and headquartered in San Francisco, California, Affirm’s platform offers point-of-sale payment solutions, merchant commerce tools, and a consumer-focused mobile app. Through partnerships with originating banks and capital markets, consumers can pay for purchases over time, enhancing flexibility and affordability. Affirm’s extensive merchant network spans small businesses, large enterprises, direct-to-consumer brands, and omni-channel retailers across diverse industries, including sporting goods, home and lifestyle, travel, electronics, fashion, equipment, and general merchandise. By streamlining payment processes and expanding purchasing power, Affirm has established itself as a leading player in the payment solutions space.

Stock Data
NASDAQ Symbol AFRM
Sectoral Index Finance
52 Weeks High 62.88
52 Weeks Low 22.25

Affirm Holdings Incorporation (NASDAQ: AFRM) - RELATIVE STRENGTH

Relative Performance - Last 1 Year

AFRM —     NASDAQ —

Affirm Holdings Incorporation (NASDAQ: AFRM) - DAILY TECHNICAL ANALYSIS

AFRM - DAILY TECHNICAL ANALYSIS
Affirm Holdings Incorporation (NASDAQ: AFRM) - Technical Analysis (Daily)
  • The stock price encountered significant resistance near the 52.5 level and has since entered an extended consolidation phase.
  • During this time, a Rounding Bottom pattern has developed.
  • Following a strong breakout, the price is poised for further upward movement.

Affirm Holdings Incorporation (NASDAQ: AFRM) - RSI

Affirm Holdings Incorporation (NASDAQ: AFRM) - RSI
  • Current RSI of this stock is 72.76, which indicates the strength of buyers.

Affirm Holdings Incorporation (NASDAQ: AFRM) - MACD

AFRM - MACD
Affirm Holdings Incorporation (NASDAQ: AFRM) - MACD
  • MACD line has crossed the signal line from the below, generates bullish signal.

Affirm Holdings Incorporation (NASDAQ: AFRM) - ADX & DI

AFRM - ADX & DI
Affirm Holdings Incorporation (NASDAQ: AFRM) - ADX & DI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

CONCLUSION - Affirm Holdings Incorporation (NASDAQ: AFRM) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Affirm Holdings Incorporation stock price target will be USD 70 – USD 72 in the next 12-14 trading sessions.

Affirm Holdings Incorporation (NASDAQ: AFRM) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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