AFL rockets 1.09% closing $0.51 higher

AFLAC Inc (AFL) Technical Analysis Report for Sep 14, 2018

Highlights

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

TQ Sentiment

Report Sentiment: 71% Bullish
Technical Forecast:

Overview

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 chart for AFL

Volatility

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.

Support/Resistance

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

Trend

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

Conclusion

While classical technical analysis indicates a bullish sentiment for the next trading day, our quantitative statistics show a different picture being bearish.

Market Conditions for AFLAC Inc

Condition Forecast Direction Win Rate Exit Day Events
Close near low of period TQ Pro Members Only
Bearish Intraday Reversal TQ Pro Members Only
Down Close Near Low of Period TQ Pro Members Only
52 Week High TQ Pro Members Only
Black Candle TQ Pro Members Only
More market conditions identified for TQ Pro members...
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