Affirm-Fintech Stock Ripe for Major Chart Reversal

Core Viewpoint - Affirm Holdings Inc is experiencing a decline in stock price, currently trading at $46.87, marking a 3% drop and a 28.3% year-to-date deficit, but there are indications of a potential recovery with a new bull signal emerging [1]. Group 1: Stock Performance - The stock has fallen from a three-year high of$ 82.52 on February 18, but this decline may be temporary as bullish signals are appearing [1]. - Affirm is currently trading within one standard deviation of its 200-day moving average, a position that historically has led to gains [2]. - In the past three years, similar trading conditions have resulted in Affirm's stock being higher a month later 75% of the time, with an average gain of 27.8%, suggesting a potential rise to just below $60 [3]. Group 2: Market Sentiment - There is a notable unwinding of pessimism in the options market, with a 10-day put/call volume ratio of 1.08, which is higher than 96% of annual readings, indicating a potential tailwind for the shares [4].