The Greedy Trader Weekly Analysis
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AFLAC Corporation
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtMACD bearish divergenceWeekly  MACD line has moved above its signal lineTrend resistance at 87.86
Daily :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtThe price has fallen below the Parabolic SARThe price touches the upper Bollinger Band
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It was a third consecutive positive week for the AFLAC Corporation (AFL). During the week, the AFL gained 2.60 points, or 3.06%, and closed at 87.60 on Friday, December 01, 2017. Weekly volume was 14% above average.

AFL is a member of Financial Sector. Financial 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 9, 2009 at 10.83 and reached 88.10 on November 30, 2017. AFL gained -77.27 points, or -713.48%, in 455 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (66.65) 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 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 88.10 on November 30, 2017. AFL gained -36.69 points, or -71.37%, in 118 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (87.86). 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 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. 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 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 November 10, 2017 at 83.00 and reached 88.10 on November 30, 2017. AFL gained -5.10 points, or -6.14%, in 20 days. The chart has formed a Broadening Ascending Wedge chart pattern.

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

The daily MACD line is above its signal line since November 20, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price touches the upper Bollinger Band. 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) 85.62
Overbought
Williams' Percentage Range (W%R) 3.50
Strong Overbought
Lane's Stochastic (%D-Slow) 89.28
Overbought
Greed/Fear Indicator (GFI) 90.45
Strong Overbought
Moving Average Converg./Diverg. (MACD) 0.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.11
Williams' Percentage Range (W%R) 1.60
Strong Overbought
Lane's Stochastic (%D-Slow) 76.95
Greed/Fear Indicator (GFI) 79.86
Moving Average Converg./Diverg. (MACD) 2.40 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 89.33
Parabolic System 88.19
Quarterly Trendline Resistance 87.86
Daily Stochastic Crossing 87.80
Upper Bollinger Band 87.76
Price 87.60
Weekly Stochastic Crossing 86.76
20 Day Moving Average 84.95
50 Day Moving Average 84.09
Monthly Trendline Support 83.64
Lower Bollinger Band 82.84
Yearly Trendline Resistance 78.83
Quarterly Trendline Support 75.23
Sector and Industry
Description Name Rank
Sector Financial 9
Industry Accident/Health Insurance 121
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 83.00
Low Date 11/10/2017
High 88.10
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 81.10
Low Date 09/29/2017
High 88.10
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 89.33
Support 83.64
Low 66.50
Low Date 02/02/2017
High 88.10
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 87.86
Support 75.23
Low 51.41
Low Date 08/24/2015
High 88.10
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 78.83
Support 66.65
Low 10.83
Low Date 03/09/2009
High 88.10
High Date 11/30/2017
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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