Affirm stock rises 5.66% as new payment options expand retail and service reach

Traders Union
All News
Financial News
Affirm jumps 5.66% to $50.70 today

Highlights

Affirm announces a partnership with Lowe's, enabling customers to use Affirm's biweekly and monthly payment plans with potential 0% APR online and via the Lowe's app.
Affirm expands into the Canadian tax sector by allowing H&R Block Canada clients to split tax preparation fees into installments—its first major Canadian service partner.
AFRM trades at $50.70, well below key moving averages with $46.00 as immediate support and $53.00 as resistance, signaling sustained selling pressure and sideways trading.

Merchant expansion and sector diversification as partnerships drive adoption

Affirm has expanded its footprint in the North American retail and services sector by launching a partnership with Lowe's, allowing customers to utilize Affirm's biweekly and monthly payment plans with potential 0% APR for eligible purchases made online and via the Lowe's mobile app. Additionally, a new program with H&R Block Canada enables customers to split tax preparation fees into installments, marking the first major Canadian tax service to offer pay-over-time options through Affirm. These initiatives highlight Affirm's ongoing growth in merchant adoption and its drive to expand into new payment use cases beyond traditional retail.

Technical weakness persists as oversold signals emerge amid negative momentum

Technically, AFRM is trading well below key moving averages, including the MA-20, MA-50, and MA-200, underscoring persistent short-, medium-, and long-term selling pressure. The Ichimoku Kijun at $60.40 serves as immediate resistance, while the MACD and ADX on the daily chart indicate ongoing negative momentum. The RSI and CCI both signal oversold conditions, and Bull/Bear Power shows clear seller dominance. The Stochastic RSI is neutral on the daily, but overbought on intraday timeframes, suggesting a potential divergence; the Awesome Oscillator is neutral.

Sideways trading favored as low upside odds cap near-term outlook

In the short term, AFRM is expected to trade within a $46.00 to $53.00 volatility band relative to current levels over the next five days. There is a very low probability (less than 20%) of a sustained price increase, with a further decrease more likely based on prevailing weekly indicators. The baseline scenario is continued sideways trading between immediate support and resistance. A bullish outlook would require a break above $60.40, while a move below $46.00 would confirm a bearish scenario toward recent lows.

Anton Kharitonov, expert at Traders Union, notes that Affirm continues to face strong selling pressure as the price remains well below all key moving averages. He sees that while recent merchant partnerships show some positive business momentum, negative technical signals dominate the immediate outlook. The base scenario is a sideways range with a bias toward further downside unless $60.40 is reclaimed. "Until we see a strong move above key resistance, I remain cautious and expect weakness to persist."

Last time, analysts noted that Affirm Holdings, Inc. continues to trade under sustained selling pressure, remaining well below key moving averages with bearish momentum signals confirmed by MACD, ADX, and oversold readings on RSI and CCI. While a modest intraday gain showed buyers testing session highs near dynamic resistance, the prevailing trend and technical posture suggest continued caution is warranted.

Source of Data: AFRM Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.