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| Daily MACD Divergence: | Bearish |
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- 4/26/2024 -
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AFLAC Corporation (AFL) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a second consecutive positive week for the AFLAC Corporation (AFL). During the week, the AFL climbed 0.38 points, or 0.46%, and closed at 83.61 on Friday, April 26, 2024. Weekly volume was -12% below average.
AFL is a member of Financials Sector. Financials 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 18, 2020 at 23.07 and reached 86.26 on March 28, 2024. AFL gained -63.19 points, or -273.91%, in 210 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 78.73 and resistance is at 87.00. 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 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 86.26 on March 28, 2024. AFL gained -34.19 points, or -65.66%, in 93 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 79.63 and resistance is at 87.85. 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 technical indicators are neutral.
The weekly MACD line is below its signal line since April 5, 2024. The distance between MACD and the signal line is low and getting smaller. 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 April 24, 2024 at 84.46 and reached 83.11 on April 26, 2024. AFL lost 1.35 points, or 1.60%, in 2 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See AFL daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Financials |
10 |
| Industry |
Life & Health Insurance |
83 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
84.46 |
| High Date |
04/24/2024 |
| Low |
83.11 |
| Low Date |
04/26/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
84.46 |
| High Date |
04/24/2024 |
| Low |
83.11 |
| Low Date |
04/26/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
79.31 |
| Low Date |
04/12/2024 |
| High |
84.46 |
| High Date |
04/24/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Valid |
| Resistance |
87.85 |
| Support |
79.63 |
| Low |
52.07 |
| Low Date |
06/16/2022 |
| High |
86.26 |
| High Date |
03/28/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Valid |
| Resistance |
87.00 |
| Support |
78.73 |
| Low |
23.07 |
| Low Date |
03/18/2020 |
| High |
86.26 |
| High Date |
03/28/2024 |
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