Bullish Option Flow Detected In Affirm Holdings $AFRM Stock

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Bullish option flow was detected in AFRM stock on December 13, 2021.

AFRM Stock Bullish Option Flow

Afrm Option Flow

Make sure to review this lesson on option flow so that you understand the image above.

A whopping $7.9 million worth of call options traded on December 13, 2021.

Affirm initiated with a Neutral at Piper Sandler

On November 29, 2021, Piper Sandler analyst Kevin Barker initiated coverage of Affirm with a Neutral rating and $127 price target. The analyst believes the emergence of buy now, pay later lending will continue for the next several years due to a shift in consumer behavior and that Affirm will be a leading player within the industry. However, the stock is currently pricing in “very rapid growth” for the next several years and/or an expansion of non-BNPL lending revenue “not apparent within the current construct of the company,” Barker tells investors in a research note.

VIDEO Affirm Stock Analysis in 5 Minutes

In November 2021, Brian Feroldi and Brian Stoffel gave their opinion on AFRM stock.

AFRM Stock Technical Analysis

Afrm Stock

The short term trend is negative, the long term trend is neutral. There is a positive divergence between large players volume and price which is very bullish. AFRM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AFRM is lagging the market. There is a resistance zone ranging from 126.12 to 129.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames. The technical rating of AFRM is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on when AFRM stock is a good entry.

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