Affimed N.V. Stock Forecast
Affimed N.V. stock price ended at $5.33 on Wednesday, after gaining 0.188%.
(Updated on Mar 27, 2024)
The Affimed N.V. stock price gained 0.188% on the last trading day (Wednesday, 27th Mar 2024), rising from $5.32 to $5.33. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.04% from a day low at $5.30 to a day high of $5.62. The price has risen in 6 of the last 10 days and is up by 11.27% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 42 thousand more shares were traded than the day before. In total, 99 thousand shares were bought and sold for approximately $529.96 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.18% during the next 3 months and, with a 90% probability hold a price between $3.69 and $5.75 at the end of this 3-month period.
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AFMD Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 21.14%. Further rise is indicated until a new top pivot has been found. Affimed N.V. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 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 $5.53. On a fall, the stock will find some support from the short-term average at $5.18. 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).
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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.320 between high and low, or 6.04%. For the last week, the stock has had daily average volatility of 7.28%.
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 Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Affimed N.V. to open at $5.42, and during the day (based on 14 day Average True Range), to move between $4.79 and $5.87, which gives a possible trading interval of +/-$0.545 (+/-10.22%) up or down from last closing price. If Affimed N.V. takes out the full calculated possible swing range there will be an estimated 20.45% 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 (0.75%) than the resistance at $5.70 (6.94%), 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: -1.760 Sell Candidate Unchanged
Predicted Opening Price for Affimed N.V. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$5.42 ( 1.63%) | $5.33 |
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 | 5.74 | 7.63 % | |
R2 | 5.61 | 5.34 % | ||
R1 | 5.54 | 3.92 % | ||
Current price: | 5.33 | |||
Support | S1 | 5.29 | -0.667 % | |
S2 | 5.22 | -2.08 % | ||
S3 | 5.10 | -4.38 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.61 | 24.05 % | |
R2 | 6.25 | 17.26 % | ||
R1 | 5.70 | 6.94 % | ||
Current price | 5.33 | |||
Support | S1 | 5.29 | -0.750% | |
S2 | 4.79 | -10.13% | ||
S3 | 4.40 | -17.45% |
FAQ
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