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- 3/28/2024 -
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AFLAC Corporation (AFL) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
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It was a first positive week for the AFLAC Corporation (AFL). During the week, the AFL gained 1.70 points, or 2.02%, and closed at 85.86 on Thursday, March 28, 2024. Weekly volume was -13% 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 71.48 and resistance is at 88.57. 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 73.82 and resistance is at 88.05. 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 strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 weekly MACD line is below its signal line since December 22, 2023. The distance between MACD and the signal line is low and getting smaller. 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 March 25, 2024 at 83.61 and reached 86.26 on March 28, 2024. AFL gained -2.65 points, or -3.17%, in 3 days. The price is now at the 15.09% retracement level.

Daily Technical Indicators: [See AFL daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.03
Bearish
Williams' Percentage Range (W%R) 3.40
Strong Overbought
Lane's Stochastic (%D-Slow) 81.80
Overbought Bearish
Greed/Fear Indicator (GFI) 85.47
Overbought
Moving Average Converg./Diverg. (MACD) 1.05 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.11
Williams' Percentage Range (W%R) 2.30
Strong Overbought
Lane's Stochastic (%D-Slow) 69.86
Greed/Fear Indicator (GFI) 73.51
Moving Average Converg./Diverg. (MACD) 1.91
Trading Signals
Description Value Chart
Yearly Trendline Resistance 88.57
Quarterly Trendline Resistance 88.05
Upper Bollinger Band 87.04
Monthly Trendline Resistance 86.21
Daily Stochastic Crossing 85.91
Price 85.86
Monthly Trendline Support 84.49
Parabolic System 83.78
Weekly Stochastic Crossing 83.52
20 Day Moving Average 83.48
50 Day Moving Average 81.85
Lower Bollinger Band 80.25
Quarterly Trendline Support 73.82
Yearly Trendline Support 71.48
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Life & Health Insurance 70
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 83.61
Low Date 03/25/2024
High 86.26
High Date 03/28/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.61
Low Date 03/25/2024
High 86.26
High Date 03/28/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 86.21
Support 84.49
Low 75.08
Low Date 02/01/2024
High 86.26
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 88.05
Support 73.82
Low 52.07
Low Date 06/16/2022
High 86.26
High Date 03/28/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 88.57
Support 71.48
Low 23.07
Low Date 03/18/2020
High 86.26
High Date 03/28/2024
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.