Affimed N.V. Forecast and Stock Analysis
Technical AFMD stock analysis for March 25, 2019.
No changes to the price of Affimed N.V. in the last trading day. The price has risen in 5 of the last 10 days and is up by 10.19% over the past 2 weeks.
Close price at the end of the last trading day (Monday, 25th Mar 2019) of the AFMD stock was $4.00.
During day the stock fluctuated 7.01% from a day low at $3.85 to a day high of $4.12.
30 day high of the AFMD stock price was $4.68 and low was $3.35.
90 day high was $4.68 and low was $2.80.
52 week high for the Affimed N.V. - $7.35 and low - $1.40.
Affimed N.V. lies in the middle of a wide and strong 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 21.77% during the next 3 months and, with 90% probability hold a price between $4.43 and $5.33 at the end of this period.
Affimed N.V. holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $4.09. On a fall, the stock will find some support from the long-term average at approximately $3.66. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Friday March 22, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention for the next couple of days.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
Affimed N.V. finds support from accumulated volume at $3.99.
This stock may move much during a 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 $0.27 between high and low, or 7.01%. For the last week, the stock has had a daily average volatility of 8.36%.
Our recommended stoploss: $3.73 (-6.70%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.