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Daily RSI Divergence:Bullish
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Relative Strength Index (RSI Indicator)

The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

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- 3/15/2024 -
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AFLAC Corporation (AFL) Technical Analysis

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Summary:
Weekly :Overbought sectorTrend resistance at 85.37
Daily :Lane's Stochastic is strongly overbought
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It was a sixth consecutive positive week for the AFLAC Corporation (AFL). During the week, the AFL gained 2.26 points, or 2.75%, and closed at 84.37 on Friday, March 15, 2024. It was the best weekly gain since November 3, 2023. AFL was trading at average weekly trading volume.

AFL is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AFL long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 23.07 and reached 86.20 on January 31, 2024. AFL gained -63.13 points, or -273.65%, in 202 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (85.37). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See AFL medium-term trend chart]
A medium-term downtrend had started on January 31, 2024 at 86.20 and reached 75.08 on February 1, 2024. AFL lost 11.12 points, or 12.90%, in 0 weeks. The price is now at the 83.54% retracement level.

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

The weekly MACD line is below its signal line since December 22, 2023. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See AFL short-term trend chart]
A short-term uptrend had started on February 1, 2024 at 75.08 and reached 84.50 on March 15, 2024. AFL gained -9.42 points, or -12.55%, in 43 days. Price is near the trend high.

Daily Technical Indicators: [See AFL daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Lane's Stochastic. 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 Lane's Stochastic help.

The daily MACD line is above its signal line since February 16, 2024. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.37
Williams' Percentage Range (W%R) 23.00
Lane's Stochastic (%D-Slow) 93.33
Strong Overbought
Greed/Fear Indicator (GFI) 83.22
Overbought
Moving Average Converg./Diverg. (MACD) 0.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.00
Williams' Percentage Range (W%R) 28.00
Lane's Stochastic (%D-Slow) 50.72
Greed/Fear Indicator (GFI) 58.74
Moving Average Converg./Diverg. (MACD) 2.00
Trading Signals
Description Value Chart
Yearly Trendline Resistance 85.37
Upper Bollinger Band 85.09
Price 84.37
Daily Stochastic Crossing 84.18
Parabolic System 81.50
50 Day Moving Average 81.40
20 Day Moving Average 81.21
Weekly Stochastic Crossing 81.21
Lower Bollinger Band 78.46
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Life & Health Insurance 66
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 75.08
Low Date 02/01/2024
High 84.50
High Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 86.20
High Date 01/31/2024
Low 75.08
Low Date 02/01/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 60.20
Low Date 03/15/2023
High 86.20
High Date 01/31/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 52.07
Low Date 06/16/2022
High 86.20
High Date 01/31/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 85.37
Support 66.61
Low 23.07
Low Date 03/18/2020
High 86.20
High Date 01/31/2024
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.