AFL rockets 1.09% closing $0.51 higher
AFLAC Inc (AFL) Technical Analysis Report for Sep 14, 2018
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.
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.
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||Direction||Win Rate||Win Rate||Exit Day||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|
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