AFL rockets 1.09% closing $0.51 higher

AFLAC Incorporated (AFL) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team


AFL rallies 1.09% closing $0.51 higher
AFL dominated by bulls lifting the market higher throughout the day
AFL finds support at 20-day moving average
AFL closes higher for the 2nd day in a row
AFL ends the day on a bullish note closing near the high of the day


Moving higher for the 2nd day in a row, AFL ended the week 0.83% higher at 47.21 after surging $0.51 (1.09%) today. This is the biggest single day gain in over a week. Today's closing price of 47.21 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Thursday's high at 46.74, the market confirms its breakout through the previous session's high having traded $0.54 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily Candlestick Chart (AFL as at Sep 14, 2018):

Daily technical analysis candlestick chart for AFLAC Incorporated (AFL) as at Sep 14, 2018

Friday's trading range was $0.57 (1.22%), that's above last trading month's daily average range of $0.46. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly below average.

After trading as low as 46.71 during the day, the share found support at the 20-day moving average at 46.73.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Market Conditions for AFL as at Sep 14, 2018

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