AFLAC INC. - 1H - Technical analysis published on 05/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 83.78 USD
My targets
85.73 USD (+1.26%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AFLAC INC. as long as the price remains well above 83.78 USD. The buyers' bullish objective is set at 85.73 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AFLAC INC. price is 84.66 USD. On the day, this instrument lost -0.02% with the lowest point at 84.53 USD and the highest point at 84.86 USD. The deviation from the price is +0.15% for the low point and -0.24% for the high point.84.53
84.86
84.66
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AFLAC INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 80.60 | 81.96 | 83.78 | 84.66 | 85.73 |
| Change (%) | -4.80% | -3.19% | -1.04% | - | +1.26% |
| Change | -4.06 | -2.70 | -0.88 | - | +1.07 |
| Level | Intermediate | Minor | Major | - | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.52 | 84.07 | 84.38 | 84.93 | 85.24 | 85.79 | 86.10 |
| Camarilla | 84.44 | 84.52 | 84.60 | 84.68 | 84.76 | 84.84 | 84.92 |
| Woodie | 83.39 | 84.01 | 84.25 | 84.87 | 85.11 | 85.73 | 85.97 |
| Fibonacci | 84.07 | 84.40 | 84.61 | 84.93 | 85.26 | 85.47 | 85.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.03 | 78.31 | 80.76 | 83.04 | 85.49 | 87.77 | 90.22 |
| Camarilla | 81.91 | 82.34 | 82.78 | 83.21 | 83.64 | 84.08 | 84.51 |
| Woodie | 76.12 | 78.35 | 80.85 | 83.08 | 85.58 | 87.81 | 90.31 |
| Fibonacci | 78.31 | 80.12 | 81.23 | 83.04 | 84.85 | 85.96 | 87.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.22 | 76.26 | 79.96 | 83.00 | 86.70 | 89.74 | 93.44 |
| Camarilla | 81.80 | 82.41 | 83.03 | 83.65 | 84.27 | 84.89 | 85.50 |
| Woodie | 73.54 | 76.43 | 80.28 | 83.17 | 87.02 | 89.91 | 93.76 |
| Fibonacci | 76.26 | 78.84 | 80.43 | 83.00 | 85.58 | 87.17 | 89.74 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.42 | |
| MACD (12,26,9): | 0.3300 | |
| Directional Movement: | 1.52 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 84.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 83.29 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 83.39 | |
| Zig ZAG (10): | 84.73 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 61.86 | |
| TEMA (21): | 85.14 | |
| Williams %R (14): | -49.30 | |
| Chande Momentum Oscillator (20): | 0.56 | |
| Repulse (5,40,3): | -0.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 3.01 |
| MA7: | 84.24 | |
| MA20: | 82.91 | |
| MA50: | 83.31 | |
| MA100: | 82.10 | |
| MAexp7: | 84.84 | |
| MAexp20: | 84.50 | |
| MAexp50: | 84.08 | |
| MAexp100: | 83.74 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | +2.11% | |
| Price / MA50: | +1.62% | |
| Price / MA100: | +3.12% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.69% | |
| Price / MAexp100: | +1.10% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on AFLAC INC. at the time of the analysis were as follows:
- Aflac Incorporated Announces First Quarter Results, Reports First Quarter Net Earnings of $1.9 Billion, Declares Second Quarter Cash Dividend
- A Beginner’s Guide To An Irrevocable Life Insurance Trust (ILIT)
- Aflac Incorporated Revises Time of First Quarter Webcast Teleconference to 7:00 a.m. (ET) on Thursday, May 2, 2024
- Aflac Incorporated to Release First Quarter Results and CFO Video Update on May 1, 2024 and Host Webcast on May 2, 2024
- TOGETHXR and Aflac Unite to Champion Women's Sports in 2024 Campaign, Kicking Off with Epic College Hoops Watch Parties
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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