Affirm Stock Jumps 4.10% As Technicals Signal Continued Recovery Momentum

Affirm Holdings (AFRM) rose 4.10% to close at $63.50 on June 11, 2025, trading between $61.55 and $65.49, continuing its recovery from a recent low of $35.75 on April 4, 2025. This analysis evaluates key technical signals across multiple frameworks.
Candlestick Theory
Recent sessions show bullish momentum with three white soldiers forming between June 5-9 ($55.71 to $61.34), confirming demand at higher levels. The current rally faces immediate resistance at June 11's high of $65.49, with stronger overhead resistance near the May 15 peak of $55.85 – a level that previously triggered an 8.49% decline. Support rests at $61.55 (June 11 low), backed by the psychological $60 level.
Moving Average Theory
The 50-day moving average (near $54.50) crossed bullishly above the 100-day MA ($52.80) in early May, confirming an intermediate uptrend. Currently, price trades above all key MAs (50/100/200-day), with the 200-day MA ($47.80) providing a long-term support base. The ascending alignment of shorter-term MAs above longer-term ones maintains a bullish bias, though stretched proximity to the 50-DMA ($54.50) warrants caution.
MACD & KDJ Indicators
MACD registers a bullish crossover below the zero line in late May, with histogram bars expanding positively since June 5 – signaling strengthening momentum. KDJ curves show K-line (76) and D-line (70) in overbought territory but not yet diverging from price. While this suggests near-term consolidation risk, the absence of bearish divergences implies trend persistence.
Bollinger Bands
The June 6-9 breakout from a volatility contraction triggered band expansion, with price riding the upper band until June 11. Current bandwidth at 112% of its 20-day average reflects elevated volatility. While trading near the upper band ($65.20) hints at short-term exhaustion, the lack of reversal candlesticks suggests continued upside exploration.
Volume-Price Relationship
June 10's 2.55% dip occurred on significantly reduced volume (5.18M shares vs 10-day average 7.3M), indicating lack of conviction in the pullback. The subsequent June 11 rally saw 9.8M shares traded – 34% above average – confirming bullish accumulation. However, volume during April's sell-offs exceeded current buying intensity, warranting vigilance.
Relative Strength Index (RSI)
14-day RSI sits at 68, approaching overbought territory but not yet extreme. This aligns with the pattern observed after the April 18 low, where RSI peaked at 78 before healthy consolidation. Divergence monitoring is critical: any price highs without corresponding RSI highs would warn of weakening momentum.
Fibonacci Retracement
Using the April 4 low ($35.75) and February 21 high ($75.64), key retracements cluster near $63.70 (50%) and $66.20 (61.8%) – aligning with recent price congestion at $61.55-$65.49. A decisive break above $66.20 would open the 78.6% retracement at $71.60, while failure below the 38.2% level ($59.30) would risk a deeper pullback.
Confluence & Divergence Observations
Confluence supports bullish momentum: volume confirms recent gains, MA alignment favors buyers, and Fibonacci resistance aligns with Bollinger Band tops. Minor divergences include RSI approaching overbought while MACD starts flattening, suggesting near-term consolidation may precede further upside. The absence of major bearish reversals across indicators implies pullbacks should remain buying opportunities above $59.30 support.