Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>AFRM stock price holds $18.00 support and buyers are trying to rebound.</a> </li> 
 <li> <span>2</span> <a>Affirm stock price is sustaining above the 50-day and 200-day EMA.</a> </li> 
 <li> <span>3</span> <a>Affirm Holdings Inc. is expected to release earnings on November 8, 2023.</a> </li> 
</ul> 
<p>AFRM stock price is up by 10% in the current week and attempting to break out of the $20.00 hurdle. The stock price has taken support near to $18 and reversing upward indicating that the bulls are returning back on track.&nbsp;</p> 
<p>Affirm stock price climbed above the 50-day and 200-day EMA showcasing an uptrend. But the EMAs are sloping sideways denoting that the price lacked direction and may consolidate for some more time.&nbsp;</p> 
<p>In the mid of September, AFRM stock price faced rejection from $25.00 and showed a sharp fall. Slow and steady prices declined and retested the breakout level.&nbsp;</p> 
<p>Luckily, buyers are active near to the support and succeeded in showing the bounce. If the recovery continues then the price rises to $25.00 and may prepare for another breakout attempt.&nbsp;</p> 
<p>However, if Affirm Holdings Inc.’s <a href="https://www.thecoinrepublic.com/2023/10/05/afrm-stock-below-20-will-affirm-stock-lose-previous-gains/" target="_blank" rel="noreferrer noopener">share price</a> consolidates for some time in the existing range, then it might be an indication of short-term base formation.&nbsp;</p> 
<p>The price behavior of stock is quite stable and speculative activities are low. However, the quarterly earnings are scheduled in the coming few weeks so volatility may surge. Therefore, long-term investors must be careful before building up any position.</p> 
<h2 class="wp-block-heading" id="strong-will-afrm-stock-price-reverse-upward-strong"><strong>Will AFRM Stock Price Reverse Upward?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="678" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-524.png" alt="AFRM Stock Analysis: Will Affirm Stock Retest Previous High?" class="wp-image-176653" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-524.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-524-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-524-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-524-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-524-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-524-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-524-1140x483.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   NASDAQ: AFRM daily chart by <a href="https://www.tradingview.com/x/lok4JlZF/">Tradingview</a>
  </figcaption>
 </figure>
</div> 
<p>AFRM stock is in the recovery phase and the downfall seems to have taken a halt. The stock closed the previous session at $19.97 with an intraday rise of 5.77%.&nbsp;</p> 
<p>Affirm Holdings Inc. scheduled the quarterly earnings on November 8, 2023. Market analysts estimated an EPS of -0.668 and revenue of $444.738 Million. If the company succeeds in beating the estimates then the stock price might react positively.&nbsp;</p> 
<p>On the other hand, if<a href="https://www.thecoinrepublic.com/2023/10/05/afrm-stock-below-20-will-affirm-stock-lose-previous-gains/" target="_blank" rel="noreferrer noopener"> Affirm Holdings Inc. </a>disappoints in earnings then the $18.00 support level is at risk.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-affirm-stock-price-is-turning-bullish-ahead-of-earnings-strong"><strong>Affirm Stock Price is Turning Bullish Ahead of Earnings?</strong></h3>  
<div class="tradingview-widget-container"> 
 <div id="tradingview_c2e67"></div> 
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> 
 <script type="text/javascript">
  new TradingView.widget(
  {
  "width": 950,
  "height": 500,
  "symbol": "NASDAQ:AFRM",
  "interval": "D",
  "timezone": "Etc/UTC",
  "theme": "light",
  "style": "1",
  "locale": "en",
  "enable_publishing": true,
  "allow_symbol_change": true,
  "studies": [
    "STD;RSI",
    "STD;Supertrend"
  ],
  "container_id": "tradingview_c2e67"
}
  );
  </script> 
</div>  
<p>Affirm stock price is turning bullish on the daily and weekly time frame. The buyers look more active as compared to the sellers. So more upside is pending.&nbsp;</p> 
<p>If the broader market index like the Nasdaq Composite, or S&amp;P 500 recovers then fintech stocks may show a short-term rise.&nbsp;</p> 
<p>The MACD curve is reversing upward and might generate a positive crossover. The RSI at 51 pointing north indicates neutral territory and a balance between bullish and bearish bets.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>AFRM stock price gained 10% in the current week, creating hope for a bullish trend reversal.&nbsp;</p> 
<p>Quarterly earnings are scheduled for November 8, 2023, so volatility may rise. Therefore, investors must be careful and wait for a $22.50 breakout before building long positions.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical levels</strong></h4> 
<ul> 
 <li>Resistance levels: $22.51 and $25.78</li> 
 <li>Support levels: $18.18 and $13.78</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

AFRM Stock Analysis: Will Affirm Stock Retest Previous High?

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