RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Evaluation of Affimed N.V. stock downgraded after the last trading session
(Updated on Nov 11, 2024)

Buy or Hold candidate since Nov 07, 2024 Loss -0.26%

The Affimed N.V. stock price fell by -0.779% on the last day (Monday, 11th Nov 2024) from $3.85 to $3.82. During the last trading day the stock fluctuated 4.51% from a day low at $3.77 to a day high of $3.94. The price has been going up and down for this period, and there has been a 13.35% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -42 thousand shares and in total, 70 thousand shares were bought and sold for approximately $265.91 thousand.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $3.84 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -19.55% during the next 3 months and, with a 90% probability hold a price between $2.15 and $3.09 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

AFMD Signals & Forecast

The Affimed N.V. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3.61 and $3.35. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, November 08, 2024, and so far it has fallen -0.779%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Affimed N.V. stock

On the downside, the stock finds support just below today's level from accumulated volume at $3.57 and $3.31. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Affimed N.V. finds support just below today's level at $3.57. If this is broken, then the next support from accumulated volume will be at $3.31 and $3.12.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.170 between high and low, or 4.51%. For the last week the stock has had daily average volatility of 8.77%.

Our recommended stop-loss: $3.67 (-4.02%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (AFMD) For The Upcoming Trading Day Of Tuesday 12th

For the upcoming trading day on Tuesday, 12th we expect Affimed N.V. to open at $3.84, and during the day (based on 14 day Average True Range), to move between $3.61 and $4.03, which gives a possible trading interval of +/-$0.209 (+/-5.47%) up or down from last closing price. If Affimed N.V. takes out the full calculated possible swing range there will be an estimated 10.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.83 (0.26%) than the support at $3.57 (6.54%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Earnings coming up

Affimed N.V. will release earnings BMO on Thursday, November 14, 2024.The consensus among the analysts for the expected earnings (EPS) is -$1.02. We will update the financials statements for Affimed N.V., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.84% in the first trading day after earnings release.

Is Affimed N.V. stock A Buy?

Affimed N.V. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.750 Hold/Accumulate Downgraded

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Predicted Fair Opening Price

Predicted fair opening price on November 12, 2024 - $3.84 ( 0.611%).

Trading levels for AFMD

Fibonacci Support & Resistance Levels

Level Price
R3 4.01 5.06%
R2 3.95 3.36%
R1 3.91 2.31%
Price 3.82
S1 3.78 -1.09%
S2 3.74 -2.14%
S3 3.67 -3.84%

Accumulated Volume Support & Resistance Levels

Level Price
R3 3.95 3.40%
R2 3.85 0.785%
R1 3.83 0.262%
Price 3.82
S1 3.57 -6.54%
S2 3.31 -13.35%
S3 3.12 -18.32%

FAQ

What is the symbol for Affimed N.V. Stock and on which exchange is it traded?
The symbol for Affimed N.V. is AFMD and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Affimed N.V. Stock?
Affimed N.V. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Affimed N.V. Stock?
Affimed N.V. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Affimed N.V. Stock.

What's the current price of Affimed N.V. Stock?
As of the end of day on the Nov 11, 2024, the price of an Affimed N.V. (AFMD) share was $3.82.

What is the 52-week high and low for Affimed N.V. Stock?
The 52-week high for Affimed N.V. Stock is $8.95 and the 52-week low is $2.92.

What is the market capitalization of Affimed N.V. Stock?
As of the Nov 11, 2024, the market capitalization of Affimed N.V. is 58.626M.

When is the next earnings date for Affimed N.V.?
The upcoming earnings date for Affimed N.V. is Nov 14, 2024.
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ABOUT AFFIMED N.V.
Affimed N.V.
Affimed N.V., a clinical-stage biopharmaceutical company, focuses on discovering and developing cancer immunotherapies in the United States, Germany, and rest of Europe. Its lead product candidate is AFM13, which has completed Phase II clinical study for peripheral T-cell lymphoma; in Phase IIa clinical trial for CD30-positive lymphoma; and in Phase I clinical trial for hodgkin lymphoma. The company is also developing AFM24, a tetravalent, bispec...
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