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- 6/26/2020 -
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AFLAC Corporation (AFL)

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Summary:
Weekly :Broken trend support line
Daily :Williams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving Average
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It was the negative week for the AFLAC Corporation (AFL). During the week, the AFL dropped -1.92 points, or -5.25%, and closed at 34.68 on Friday, June 26, 2020. Weekly volume was -27% below average.

Long-term trend: [See AFL long-term trend chart]
A long-term downtrend had started on July 15, 2019 at 57.18 and reached 23.07 on March 18, 2020. AFL lost 34.11 points, or 59.65%, in 35 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 10.71 and resistance is at 51.94. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See AFL medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 23.07 and reached 42.19 on June 8, 2020. AFL gained -19.12 points, or -82.88%, in 11 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (35.76) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AFL may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See AFL weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 29, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See AFL short-term trend chart]
A short-term downtrend had started on June 8, 2020 at 42.19 and reached 34.30 on June 26, 2020. AFL lost 7.89 points, or 18.70%, in 18 days. Price is near the trend low.

Daily Technical Indicators: [See AFL daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since June 11, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.92
Williams' Percentage Range (W%R) 86.60
Oversold
Lane's Stochastic (%D-Slow) 20.87
Greed/Fear Indicator (GFI) 18.41
Oversold
Moving Average Converg./Diverg. (MACD) 0.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.90
Williams' Percentage Range (W%R) 59.40
Lane's Stochastic (%D-Slow) 63.64
Greed/Fear Indicator (GFI) 52.20
Moving Average Converg./Diverg. (MACD) -3.79
Trading Signals
Description Value Chart
Upper Bollinger Band 40.30
Weekly Stochastic Crossing 37.87
Parabolic System 37.59
20 Day Moving Average 37.47
50 Day Moving Average 36.31
Monthly Trendline Support 35.76
Daily Stochastic Crossing 35.00
Price 34.68
Lower Bollinger Band 32.89
Sector and Industry
Description Name Rank
Sector Financials 5
Industry Life & Health Insurance 27
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 38.79
High Date 06/16/2020
Low 34.30
Low Date 06/26/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 42.19
High Date 06/08/2020
Low 34.30
Low Date 06/26/2020
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 42.46
Support 35.76
Low 23.07
Low Date 03/18/2020
High 42.19
High Date 06/08/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 55.07
High Date 11/29/2019
Low 23.07
Low Date 03/18/2020
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 51.94
Support 10.71
High 57.18
High Date 07/15/2019
Low 23.07
Low Date 03/18/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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