Affimed N.V. Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy signal from moving average indicating potential upward movement.
Sell Signal (MA)
Sell signal from moving average indicating potential downward movement.
Stock Analysis |
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Risk Assessment |
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Trading Strategy |
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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
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