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S&P 500 Oversold StocksArchive
- 4/5/2024 -
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AFLAC Corporation (AFL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the AFLAC Corporation (AFL). During the week, the AFL gave back -0.44 points, or -0.51%, and closed at 85.42 on Friday, April 5, 2024. It was the worst weekly loss since February 2, 2024. Weekly volume was -29% below average.
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 86.26 on March 28, 2024. AFL gained -63.19 points, or -273.91%, in 210 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 71.71 and resistance is at 88.80. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
Medium-term trend: [See AFL medium-term trend chart]
A medium-term uptrend had started on June 16, 2022 at 52.07 and reached 86.26 on March 28, 2024. AFL gained -34.19 points, or -65.66%, in 93 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 74.05 and resistance is at 88.28. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See AFL weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 March 28, 2024 at 86.26 and reached 84.06 on April 4, 2024. AFL lost 2.20 points, or 2.55%, in 7 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See AFL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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