AFLAC Corporation (AFL)
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|It was a first positive week after 3 consecutive negative weeks for the AFLAC Corporation (AFL). During the week, the AFL climbed 0.23 points, or 0.43%, and closed at 53.37 on Friday, July 23, 2021. Weekly volume was -10% below average. |
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 March 18, 2020 at 23.07 and reached 57.57 on June 7, 2021. AFL gained -34.50 points, or -149.54%, in 63 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 45.23 and resistance is at 60.25. 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 June 11, 2021. 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 19, 2021 at 51.36 and reached 54.43 on July 21, 2021. AFL gained -3.07 points, or -5.98%, in 2 days. The price is now at the 34.53% retracement level.
Daily Technical Indicators: [See AFL daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since July 20, 2021. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (4.27%) is close to one year low (4.05%). It is 55.11% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.