Will AFRM go back up in the next hour

**Affirm Holdings (AFRM) is likely to face volatility in the next hour.** Here's why: 1. **Recent Volatility**: AFRM has experienced significant volatility, with a weekly volatility rate of 13.54% as of September 3, 2024. This indicates that the stock is prone to substantial price swings. 2. **Price Movement**: The stock's price has seen a recent increase, with a closing price of $43.99 on September 3, 2024. However, the price at an hour ago was not provided, so it's unclear if the stock is currently trending up or down. 3. **Market Sentiment**: AFRM has a history of price movements based on market sentiment. For example, it increased by 36.04% after reporting strong fourth-quarter earnings. Additionally, it soared 21% in premarket trading following an earnings report that exceeded expectations. 4. **Technical Indicators**: The stock is forming an inverse head and shoulder pattern, which could indicate a potential upward breakout if the resistance level is surpassed. However, it is also approaching a critical juncture with resistance at the descending wedge trendline. 5. **Easing Cycle and Partnerships**: There are positive macro factors at play, such as a potential easing cycle that could benefit lenders like AFRM. Furthermore, the integration with Apple Pay is expected to boost transaction volume. In conclusion, while AFRM has shown potential for upward movement based on market sentiment and partnerships, the technical indicators suggest that the stock may face some resistance in the short term. The likelihood of AFRM going back up in the next hour would depend on various factors, including the current market conditions and any unexpected news that could influence investor sentiment.