Affimed N.V. Stock Forecast
Strong day for Affimed N.V. stock price on Tuesday rising 7.00% to $5.35
(Updated on Apr 23, 2024)
The Affimed N.V. stock price gained 7.00% on the last trading day (Tuesday, 23rd Apr 2024), rising from $5.00 to $5.35. During the last trading day the stock fluctuated 7.48% from a day low at $5.08 to a day high of $5.46. The price has fallen in 7 of the last 10 days and is down by -12.3% for this period. Volume fell on the last day by -74 thousand shares and in total, 22 thousand shares were bought and sold for approximately $117.69 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Affimed N.V. stock with a 90% probability to be traded between $4.34 and $6.81 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AFMD Signals & Forecast
There are mixed signals in the stock today. The Affimed N.V. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $5.54. On a fall, the stock will find some support from the short-term average at $5.24. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 7.00%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Affimed N.V. stock
Affimed N.V. finds support from accumulated volume at $5.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.380 between high and low, or 7.48%. For the last week the stock has had daily average volatility of 6.10%.
Affimed N.V. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AFMD) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Affimed N.V. to open at $5.30, and during the day (based on 14 day Average True Range), to move between $4.89 and $5.81, which gives a possible trading interval of +/-$0.459 (+/-8.57%) up or down from last closing price. If Affimed N.V. takes out the full calculated possible swing range there will be an estimated 17.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.29 (1.12%) than the resistance at $5.70 (6.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Affimed N.V. stock A Buy?
Affimed N.V. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.655 Sell Candidate Unchanged
Predicted Opening Price for Affimed N.V. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $5.30 ( 1.00%) | $5.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AFMD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.68 | 6.11 % | |
| R2 | 5.53 | 3.39 % | ||
| R1 | 5.44 | 1.72 % | ||
| Current price: | 5.35 | |||
| Support | S1 | 5.15 | -3.71 % | |
| S2 | 5.06 | -5.39 % | ||
| S3 | 4.92 | -8.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.66 | 24.49 % | |
| R2 | 6.44 | 20.37 % | ||
| R1 | 5.70 | 6.54 % | ||
| Current price | 5.35 | |||
| Support | S1 | 5.29 | -1.12% | |
| S2 | 4.79 | -10.47% | ||
| S3 | 4.40 | -17.76% |
FAQ
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