+4.62% for Affirm stock as SBI Securities increases institutional stake

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Affirm jumps 4.62% ahead of earnings

Highlights

Affirm’s upcoming earnings release, scheduled after the May 7 close, drives heightened investor activity and anticipation.
Recent network expansion and a strategic partnership with Stripe strengthen Affirm’s transaction reach and institutional credibility.
Technical signals indicate strong bullish momentum with likely price consolidation in the $62.00–$75.00 range and upside potential prevailing.

Earnings anticipation and partnerships drive institutional positioning

Affirm is preparing to release its quarterly earnings after the market closes on May 7, 2026, which is prompting increased activity as investors position ahead of the key disclosure. The company has recently expanded its buy now, pay later network and formed a partnership with Stripe, enhancing its reach and transaction capabilities across agentic commerce platforms. Additionally, SBI Securities Co. Ltd. boosted its holdings in Affirm by 83.4% during the fourth quarter, reflecting continued institutional interest ahead of the earnings release.

Sustained bullish trend as overbought signals temper momentum outlook

On the technical front, AFRM is above the SMA-20 at $61.89 and SMA-50 at $53.08, with support just above the SMA-200 at $67.64. The Ichimoku Kijun level sits below at $56.24, serving as immediate support. The D1 MACD flashes a strong buy, and the ADX confirms a robust uptrend, while the RSI stands at 63.09, reflecting bullish but not extreme momentum. However, Stoch RSI (2.82) and BBP indicate overbought conditions, and the CCI at 61.08 shows mild bullishness. The Awesome Oscillator is positive, and volatility remains moderate to high, with the price trading near the top of its daily range at $68.96. Notably, short-term oscillator divergence suggests some caution despite broad upward momentum.

Sideways consolidation favored as volatility narrows near-term range

In the short term, AFRM is expected to trade within a $62.00 to $75.00 band, reflecting typical volatility relative to current levels. The baseline scenario calls for sideways consolidation within this range as recent gains are digested. If buying strength persists and price breaks above $75.00, bullish momentum could extend further. Alternatively, a drop below $62.00 would indicate the trend is weakening and could trigger a deeper retracement.

Anton Kharitonov, expert at Traders Union, sees Affirm’s current uptrend supported by both institutional demand and recent business partnerships. He notes that technicals are bullish, but several overbought signals and upcoming earnings could inject volatility. Base case remains sideways consolidation in the $62.00–$75.00 range, with limited follow-through unless new catalysts emerge. "Until Affirm decisively breaks above $75.00 or falls below $62.00, I remain cautious and favor a neutral stance heading into earnings."

Earlier, analysts noted that Affirm demonstrated strong short-term momentum but faced caution due to overbought signals and resistance concerns. With Affirm continuing to attract fresh institutional interest and showing renewed upside ahead of earnings, sustained movement above recent support levels would put an upside breakout in focus if current momentum holds.

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.