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- 1/15/2021 -
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AFLAC Corporation (AFL)

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtMACD bearish divergence
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtDaily  MACD line has moved above its signal lineThe period of low volatility of the stock price
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It was a third positive week after 3 consecutive negative weeks for the AFLAC Corporation (AFL). During the week, the AFL gained 1.99 points, or 4.47%, and closed at 46.48 on Friday, January 15, 2021. It was the best weekly gain since November 20, 2020. Weekly volume was -11% 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 downtrend had started on July 15, 2019 at 57.18 and reached 23.07 on March 18, 2020. AFL lost 34.11 points, or 59.65%, in 35 weeks. The chart has formed a Broadening Descending Wedge chart pattern. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See AFL medium-term trend chart]
A medium-term uptrend had started on October 30, 2020 at 33.37 and reached 47.00 on January 14, 2021. AFL gained -13.63 points, or -40.85%, in 10 weeks. The chart has formed a Falling Channel chart pattern. The uptrend resistance line (41.97) 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. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD 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 29, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 December 21, 2020 at 42.73 and reached 47.00 on January 14, 2021. AFL gained -4.27 points, or -9.99%, in 24 days. The price is now at the 12.18% 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The distance between the Bollinger Bands is falling, and it was 9.47% on Friday. It is 50.14% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.84
Williams' Percentage Range (W%R) 11.00
Overbought
Lane's Stochastic (%D-Slow) 85.64
Overbought
Greed/Fear Indicator (GFI) 80.82
Overbought
Moving Average Converg./Diverg. (MACD) 0.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.35
Williams' Percentage Range (W%R) 3.40
Strong Overbought
Lane's Stochastic (%D-Slow) 84.38
Overbought
Greed/Fear Indicator (GFI) 80.93
Overbought
Moving Average Converg./Diverg. (MACD) 0.99 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 47.04
Daily Stochastic Crossing 46.66
Price 46.48
Weekly Stochastic Crossing 46.27
Parabolic System 44.91
20 Day Moving Average 44.48
Monthly Trendline Resistance 44.16
50 Day Moving Average 43.79
Lower Bollinger Band 42.63
Monthly Trendline Support 41.97
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Life & Health Insurance 98
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 42.96
Low Date 01/05/2021
High 47.00
High Date 01/14/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.73
Low Date 12/21/2020
High 47.00
High Date 01/14/2021
Description Value
Direction Up
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 44.16
Support 41.97
Low 33.37
Low Date 10/30/2020
High 47.00
High Date 01/14/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.07
Low Date 03/18/2020
High 47.00
High Date 01/14/2021
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status
Resistance
Support
High 57.18
High Date 07/15/2019
Low 23.07
Low Date 03/18/2020
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.

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