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Advanced TA SearchArchive
- 6/7/2024 -
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AFLAC Corporation (AFL) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the AFLAC Corporation (AFL). During the week, the AFL dropped -1.08 points, or -1.20%, and closed at 88.79 on Friday, June 7, 2024. It was the worst weekly loss since April 12, 2024. Weekly volume was -17% below average.
AFL is a member of Financials Sector. Financials is the second 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 18, 2020 at 23.07 and reached 89.91 on May 31, 2024. AFL gained -66.84 points, or -289.73%, in 219 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 73.73 and resistance is at 90.82. 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 long-term trend.
 Medium-term trend: [See AFL medium-term trend chart]
A medium-term uptrend had started on June 16, 2022 at 52.07 and reached 89.91 on May 31, 2024. AFL gained -37.84 points, or -72.67%, in 102 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 80.87 and resistance is at 90.26. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern 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. 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 10, 2024. This is an indication that the medium-term trend is up. 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 June 5, 2024 at 87.70 and reached 89.29 on June 7, 2024. AFL gained -1.59 points, or -1.81%, in 2 days. The price is now at the 31.45% retracement level.
 Daily Technical Indicators: [See AFL daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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