The Greedy Trader Weekly Analysis
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Daily D%-Slow:< 20
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Lane's Stochastic (%D-Slow)

The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.

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- 5/17/2024 -
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AFLAC Corporation (AFL) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtWeekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtThe price is above the upper Bollinger Band20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a second consecutive positive week for the AFLAC Corporation (AFL). During the week, the AFL gained 2.29 points, or 2.66%, and closed at 88.37 on Friday, May 17, 2024. Weekly volume was -23% 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 88.41 on May 17, 2024. AFL gained -65.34 points, or -283.22%, in 217 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 73.08 and resistance is at 90.18. 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 88.41 on May 17, 2024. AFL gained -36.34 points, or -69.79%, in 100 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 80.03 and resistance is at 89.62. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge 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.

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 uptrend had started on May 13, 2024 at 85.50 and reached 88.41 on May 17, 2024. AFL gained -2.91 points, or -3.40%, in 4 days. Price is near the trend high.

Daily Technical Indicators: [See AFL daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 22, 2024. This is an indication that the short-term trend is up.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 70.05
Williams' Percentage Range (W%R) 11.40
Overbought
Lane's Stochastic (%D-Slow) 92.43
Strong Overbought
Greed/Fear Indicator (GFI) 83.70
Overbought
Moving Average Converg./Diverg. (MACD) 0.75
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.49
Williams' Percentage Range (W%R) 6.70
Strong Overbought
Lane's Stochastic (%D-Slow) 71.67
Greed/Fear Indicator (GFI) 75.50
Moving Average Converg./Diverg. (MACD) 1.70
Trading Signals
Description Value Chart
Yearly Trendline Resistance 90.18
Quarterly Trendline Resistance 89.62
Price 88.37
Daily Stochastic Crossing 88.13
Upper Bollinger Band 88.06
Weekly Stochastic Crossing 86.54
Parabolic System 85.18
20 Day Moving Average 84.99
50 Day Moving Average 84.11
Lower Bollinger Band 82.39
Quarterly Trendline Support 80.03
Yearly Trendline Support 73.08
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Life & Health Insurance 104
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 85.50
Low Date 05/13/2024
High 88.41
High Date 05/17/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 85.50
Low Date 05/13/2024
High 88.41
High Date 05/17/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 79.31
Low Date 04/12/2024
High 88.41
High Date 05/17/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 89.62
Support 80.03
Low 52.07
Low Date 06/16/2022
High 88.41
High Date 05/17/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 90.18
Support 73.08
Low 23.07
Low Date 03/18/2020
High 88.41
High Date 05/17/2024
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.