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Affimed N.V. Stock Forecast NASDAQ:AFMD

$6.07 (-7.75%)

Volume: 3M

Closed: Dec 03, 2021

Hollow Logo Score: -2.272

Affimed N.V. Stock Forecast

$6.07 (-7.75%)

Volume: 3M

Closed: Dec 03, 2021

Score Hollow Logo -2.272
Which way will AFMD go? Request
Key Stats
Beta 1.33
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 53 and the stock is currently not being overbought or oversold

Volatile ride for Affimed N.V. stock price on Friday moving between $5.94 and $6.67
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-03

The Affimed N.V. stock price fell by -7.75% on the last day (Friday, 3rd Dec 2021) from $6.58 to $6.07. and has now fallen 7 days in a row. During the day the stock fluctuated 12.29% from a day low at $5.94 to a day high of $6.67. The price has fallen in 8 of the last 10 days and is down by -10.87% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $20.43 million.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.85% during the next 3 months and, with a 90% probability hold a price between $6.09 and $7.63 at the end of this 3-month period.

Signals & Forecast

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. The Affimed N.V. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $6.74 and $6.47. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 24, 2021, and so far it has fallen -14.14%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Wednesday, November 24, 2021 and based on theory for this formation the price should fall by -18.62% to $4.94 within 16 trading days since signal was issued (Friday, December 17, 2021).

Support, Risk & Stop-loss

Affimed N.V. finds support from accumulated volume at $6.04 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.73 between high and low, or 12.29%. For the last week, the stock has had a daily average volatility of 6.38%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Affimed N.V. stock A Buy?

The Affimed N.V. stock holds several negative signals and despite the positive trend, we believe Affimed N.V. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.272

Predicted Opening Price for Affimed N.V. of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$6.23 $6.07 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

On Nov 17, 2021 "Berenberg Bank" gave "" rating for AFMD. The price target was set to $6.47+5.7%.

Volatility and Risk
Daily Average Volatility: 6.38 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.38 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $6.73
Price: $6.07
Support: $6.04

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 6.96 14.61 %
6.68 10.01 %
6.51 7.18 %
Current price: 6.07
Support 5.95 -2.01 %
5.78 -4.85 %
5.50 -9.45 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 7.05 16.14 %
6.81 12.19 %
6.73 10.87 %
Current price 6.07
Support 6.04 -0.49%
5.91 -2.64%
5.65 -6.92%

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About Affimed N.V.

Affimed NV Affimed N.V., a clinical-stage biopharmaceutical company, focuses on discovering and developing cancer immunotherapies. Its lead candidate is AFM13, a natural killer cell TandAb designed for the treatment of CD30-positive (CD30+) B- and T-cell malignancies, including Hodgkin lymphoma. The company’s product candidates also include AFM11, a T-cell TandAb, which is in Phase I clinical trial for the treatment of various CD19+ B-cell malignancies, in... Read more

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