The Greedy Trader Weekly Analysis
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AFLAC Corporation
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Summary:
Weekly :Oversold sectorBroken trend resistance line
Daily :Broken trend support lineDaily  MACD line has moved below its signal line20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range and Lane's Stochastic are oversoldBullish Harami CandlestickThe price has declined below the moving average in the center of the Bollinger BandsThe period of high volatility of the stock price
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It was the negative week for the AFLAC Corporation (AFL). During the week, the AFL dropped -4.18 points, or -4.70%, and closed at 84.77 on Friday, February 09, 2018. Weekly volume was 56% above average.

AFL is a member of Financial Sector. Financial is the second most oversold 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 9, 2009 at 10.83 and reached 91.73 on January 11, 2018. AFL gained -80.90 points, or -747.00%, in 461 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (67.80) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See AFL medium-term trend chart]
A medium-term uptrend had started on August 24, 2015 at 51.41 and reached 91.73 on January 11, 2018. AFL gained -40.32 points, or -78.43%, in 124 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 77.21 and resistance is at 89.85. 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 medium-term trend.

Weekly Technical Indicators: [See AFL weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since January 26, 2018. The distance between MACD and the signal line is relatively high and getting bigger. 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 January 11, 2018 at 91.73 and reached 82.82 on February 9, 2018. AFL lost 8.91 points, or 9.71%, in 29 days. The chart has formed a Rising Pennant chart pattern. The downtrend support line (90.16) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 support in a short-term trend.

Daily Technical Indicators: [See AFL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. 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.

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 declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is 103.70% higher then one year average. It indicates the period of high 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.

Candlestick pattern: [See AFL candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.60
Williams' Percentage Range (W%R) 82.10
Oversold
Lane's Stochastic (%D-Slow) 17.29
Oversold
Greed/Fear Indicator (GFI) 25.26
Moving Average Converg./Diverg. (MACD) -0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.41
Williams' Percentage Range (W%R) 70.00
Lane's Stochastic (%D-Slow) 57.56
Greed/Fear Indicator (GFI) 46.00
Moving Average Converg./Diverg. (MACD) 2.61
Trading Signals
Description Value Chart
Monthly Trendline Resistance 93.99
Upper Bollinger Band 91.07
Weekly Trendline Resistance 90.28
Weekly Trendline Support 90.16
Quarterly Trendline Resistance 89.85
Monthly Trendline Support 88.40
50 Day Moving Average 87.99
Parabolic System 87.56
20 Day Moving Average 87.37
Weekly Stochastic Crossing 87.12
Price 84.77
Daily Stochastic Crossing 84.46
Lower Bollinger Band 83.41
Yearly Trendline Resistance 79.36
Quarterly Trendline Support 77.21
Sector and Industry
Description Name Rank
Sector Financial 2
Industry Accident/Health Insurance 25
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 91.04
High Date 01/26/2018
Low 82.82
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Rising Pennant
Status Broken Support
Resistance 90.28
Support 90.16
High 91.73
High Date 01/11/2018
Low 82.82
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 93.99
Support 88.40
Low 66.50
Low Date 02/02/2017
High 91.73
High Date 01/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 89.85
Support 77.21
Low 51.41
Low Date 08/24/2015
High 91.73
High Date 01/11/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 79.36
Support 67.80
Low 10.83
Low Date 03/09/2009
High 91.73
High Date 01/11/2018
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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