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Advanced TA SearchArchive - 7/19/2024 - Sign In to see current Signals. |
AFLAC Corporation (AFL) Technical Analysis
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| Summary:
| | Weekly :![Overbought sector](images\bearish.gif) ![Broken uptrend resistance line - uptrend exhaustion](images\bearish.gif) ![Lane's Stochastic is overbought](images\bearish.gif) ![Williams' Percentage Range is strongly overbought](images\bearish.gif) ![Stochastic has declined below the signal line](images\bearish.gif) ![Lane's Stochastic bearish divergence](images\bearish.gif) ![Trend resistance at 92.11](images\alert_signals.gif) | | Daily :![Williams' Percentage Range and Lane's Stochastic are overbought](images\bearish.gif) Move cursor over the icon to see details.
| | It was a second consecutive positive week for the AFLAC Corporation (AFL). During the week, the AFL climbed 0.22 points, or 0.24%, and closed at 92.91 on Friday, July 19, 2024. Weekly volume was -15% 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 95.49 on July 18, 2024. AFL gained -72.42 points, or -313.91%, in 226 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (92.11). 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 uptrend had started on June 16, 2022 at 52.07 and reached 95.49 on July 18, 2024. AFL gained -43.42 points, or -83.39%, in 109 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (78.01) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a medium-term trend.
Weekly Technical Indicators: [See AFL weekly technical indicators chart] Weekly 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 weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help. The weekly MACD line is above its signal line since May 10, 2024. This is an indication that the medium-term trend is up. 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 July 9, 2024 at 88.00 and reached 95.49 on July 18, 2024. AFL gained -7.49 points, or -8.51%, in 9 days. The price is now at the 34.45% retracement level.
Daily Technical Indicators: [See AFL daily technical indicators chart] Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. The daily MACD line is above its signal line since July 10, 2024. This is an indication that the short-term trend is up.
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