AFLAC INC. - 1H - Technical analysis published on 08/15/2024 (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
44%
11%
44%
My opinion
Bullish above 101.65 USD
My targets
104.90 USD (+2.52%)
My analysis
The bullish trend is currently very strong on AFLAC INC.. As long as the price remains above the support at 101.65 USD, you could try to benefit from the boom. The first bullish objective is located at 104.90 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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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 102.32 USD. The price is lower by -0.05% since the last closing and was traded between 102.12 USD and 103.27 USD over the period. The price is currently at +0.20% from its lowest and -0.92% from its highest.102.12
103.27
102.32
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical analysis of this 1H chart of AFLAC INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 94.01 | 95.48 | 101.65 | 102.32 | 104.90 |
| Change (%) | -8.12% | -6.68% | -0.65% | - | +2.52% |
| Change | -8.31 | -6.84 | -0.67 | - | +2.58 |
| Level | Minor | Intermediate | Major | - | Intermediate |
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 | 100.87 | 101.36 | 101.87 | 102.36 | 102.87 | 103.36 | 103.87 |
| Camarilla | 102.10 | 102.19 | 102.28 | 102.37 | 102.46 | 102.55 | 102.65 |
| Woodie | 100.87 | 101.37 | 101.87 | 102.37 | 102.87 | 103.37 | 103.87 |
| Fibonacci | 101.36 | 101.75 | 101.98 | 102.36 | 102.75 | 102.98 | 103.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 92.18 | 94.08 | 97.64 | 99.54 | 103.10 | 105.00 | 108.56 |
| Camarilla | 99.71 | 100.21 | 100.71 | 101.21 | 101.71 | 102.21 | 102.71 |
| Woodie | 93.02 | 94.50 | 98.48 | 99.96 | 103.94 | 105.42 | 109.40 |
| Fibonacci | 94.08 | 96.16 | 97.45 | 99.54 | 101.62 | 102.91 | 105.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 81.95 | 84.97 | 90.18 | 93.20 | 98.41 | 101.43 | 106.64 |
| Camarilla | 93.12 | 93.87 | 94.63 | 95.38 | 96.13 | 96.89 | 97.64 |
| Woodie | 83.04 | 85.52 | 91.27 | 93.75 | 99.50 | 101.98 | 107.73 |
| Fibonacci | 84.97 | 88.12 | 90.06 | 93.20 | 96.35 | 98.29 | 101.43 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.52 | |
| MACD (12,26,9): | 0.4200 | |
| Directional Movement: | 12.42 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 102.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 102.23 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 101.43 | |
| Zig ZAG (10): | 102.40 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 55.50 | |
| TEMA (21): | 102.61 | |
| Williams %R (14): | -44.47 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | -0.2200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 1.78 |
| MA7: | 101.29 | |
| MA20: | 97.79 | |
| MA50: | 92.98 | |
| MA100: | 88.79 | |
| MAexp7: | 102.41 | |
| MAexp20: | 102.11 | |
| MAexp50: | 101.06 | |
| MAexp100: | 99.35 | |
| Price / MA7: | +1.02% | |
| Price / MA20: | +4.63% | |
| Price / MA50: | +10.05% | |
| Price / MA100: | +15.24% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +1.25% | |
| Price / MAexp100: | +2.99% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on AFLAC INC.. At the time of publication of this analysis, the latest news was as follows:
- Health care advocate and YouTube star "Doctor Mike" Varshavski joins Aflac on their Wellness Matters campaign, urging young people to develop better health habits
- Aflac named a 2024 CIO 100 award honoree
- U.S. adults say logistics and "feeling healthy" among reasons they duck out of routine wellness visits and screenings
- Aflac Incorporated Announces Second Quarter Results, Reports Second Quarter Net Earnings of $1.8 Billion, Declares Third Quarter Cash Dividend
- Joy lands in Metro DC: Aflac and Sunrise Association deliver My Special Aflac Duck® to childhood cancer patients
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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