The Greedy Trader Weekly Analysis
Sign In Jul 30, 2021
Skip Navigation Links
Number of records: 7
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Uptrend Exhaustion
Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend

AFLAC Corporation (AFL)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :
Daily :The price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.22
Williams' Percentage Range (W%R) 34.80
Lane's Stochastic (%D-Slow) 56.06
Greed/Fear Indicator (GFI) 55.81
Moving Average Converg./Diverg. (MACD) -0.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.71
Williams' Percentage Range (W%R) 42.60
Lane's Stochastic (%D-Slow) 24.06
Greed/Fear Indicator (GFI) 43.73
Moving Average Converg./Diverg. (MACD) 2.79
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 60.25
50 Day Moving Average 54.74
Upper Bollinger Band 54.62
Daily Stochastic Crossing 53.41
20 Day Moving Average 53.37
Price 53.37
Weekly Stochastic Crossing 53.02
Lower Bollinger Band 52.33
Parabolic System 51.43
Quarterly Trendline Support 45.23
Sector and Industry
Description Name Rank
Sector Financials 6
Industry Life & Health Insurance 37
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 51.36
Low Date 07/19/2021
High 54.43
High Date 07/21/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.43
High Date 06/25/2021
Low 51.36
Low Date 07/19/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 57.57
High Date 06/07/2021
Low 51.36
Low Date 07/19/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 60.25
Support 45.23
Low 23.07
Low Date 03/18/2020
High 57.57
High Date 06/07/2021
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.

Copyright© 2004-2018 All rights reserved.