AFL stuck within tight trading range


AFLAC Inc (AFL) Technical Analysis Report for Apr 16, 2018 [1 min read]
Highlights
AFL closes below its opening price unable to hold early session gains
AFL runs into sellers again around 45.12
AFL rises to highest close since March 21st
AFL stuck within tight trading range
AFL closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 25% Bearish
Technical Forecast:
Overview

AFL finished Monday at 44.77 gaining $0.21 (0.47%). Today's closing price of 44.77 marks the highest close since March 21st. Trading $0.23 higher after the open, the share was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for AFL
Volatility

Monday's trading range was $0.43 (0.96%), that's far below last trading month's daily average range of $0.81. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average. Prices continued to consolidate within a tight trading range between 44.41 and 45.12 which it has been in now for the last three days.

Support/Resistance

Prices are trading close to a key support level at 44.31. After having been unable to move above 45.07 in the prior session, the stock ran into sellers again around the same price level today, failing to move higher than 45.12.

Trend

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

Order Flow

Selling might accelerate should prices move below the close-by swing low at 44.41 where further sell stops could get triggered. With prices trading close to this year's high at 45.88, upside momentum might speed up should AFLAC Inc be able to break out to new highs for the year.

Conclusion

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

Market Conditions for AFLAC Inc
ConditionForecastDirectionWinAvgWorstBestEvents
Close near high of period TQ Pro Members Only
White Candle TQ Pro Members Only
4 Consecutive Higher Closes TQ Pro Members Only
Decisive Up Move TQ Pro Members Only
Bearish Bounce off SMA 20 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

AFL pushes through prior session high

Jul 18, 2018
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