Affirm Holdings (AFRM) stock price declined during its latest intraday trading, breaking the key support level at $43.75, amid the dominance of a short-term corrective downtrend, with continued negative pressure as the stock trades below its 50-day simple moving average. In addition, negative signals are beginning to re-emerge on the Relative Strength Index after the stock managed to ease its oversold conditions, opening the way for further losses in the near term.

Therefore, we expect the stock price to decline in upcoming trading sessions, especially as long as it remains below $43.75, targeting the first support level at $38.30.

Todays price forecast: Bearish