Fintech Stock Nears 2 Support Levels Before Earnings

Core Insights - Affirm Holdings Inc is currently trading at $72.31, facing resistance at the $80 level, with a recent pullback observed at the $70 level, which aligns with a historically bullish trendline [1] Price Trends - The stock has pulled back to the 126-day trendline, remaining above it 80% of the time in the past two months. Historically, similar signals have led to a 50% chance of the stock being higher one month later, with an average gain of 12.5%, potentially pushing the stock above $81 for the first time since September [2] Options Activity - There is significant bearish sentiment surrounding the stock, as indicated by a 50-day put/call volume ratio of 1.38, ranking in the 99th annual percentile. The Schaeffer's put/call open interest ratio of 1.08 also sits in the 96th percentile, suggesting that unwinding of this sentiment could provide additional support for the shares [4] Short Interest - Short interest has decreased by 18.8% over the past two reporting periods but still represents 5% of the stock's total float. At the current trading pace, it would take short sellers nearly two days to cover these positions [5] Earnings Expectations - Affirm is set to announce earnings on November 6, with a history of mixed post-earnings performances. The stock has averaged a 14.8% earnings swing over the past two years, with analysts expecting a larger-than-usual 19% move this quarter, regardless of direction [6]