Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Affirm Holdings’ stock (AFRM) stabilized in the intraday levels while seeking to recoup some recent losses, amid the dominance of the downward correctional trend in the short term as it trades alongside the trend line, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the support of 25.63, provided it settles below the resistance of 37.56.
Trend forecast: Likely Bearish