Trading (AFL) With Integrated Risk Controls
March 19, 2024, 11:36 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AFL
- Buy AFL slightly over 80.86 target 84.85 stop loss @ 80.63 Details
The technical summary data tells us to buy AFL near 80.86 with an upside target of 84.85. This data also tells us to set a stop loss @ 80.63 to protect against excessive loss in case the stock begins to move against the trade. 80.86 is the first level of support below 84.66 , and by rule, any test of support is a buy signal. In this case, support 80.86 would be being tested, so a buy signal would exist.
- Short AFL slightly under 84.85, target 80.86, stop loss @ 85.1 Details
The technical summary data is suggesting a short of AFL as it gets near 84.85 with a downside target of 80.86. We should have a stop loss in place at 85.1though. 84.85 is the first level of resistance above 84.66, and by rule, any test of resistance is a short signal. In this case, if resistance 84.85 is being tested, so a short signal would exist.
Swing Trading Plans for AFL
- Buy AFL slightly over 84.85, target 85.52, Stop Loss @ 84.6 Details
If 84.85 begins to break higher, the technical summary data tells us to buy AFL just slightly over 84.85, with an upside target of 85.52. The data also tells us to set a stop loss @ 84.6 in case the stock turns against the trade. 84.85 is the first level of resistance above 84.66, and by rule, any break above resistance is a buy signal. In this case, 84.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AFL slightly near 84.85, target 84.24, Stop Loss @ 85.1. Details
The technical summary data is suggesting a short of AFL if it tests 84.85 with a downside target of 84.24. We should have a stop loss in place at 85.1 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 84.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for AFL
- Buy AFL slightly over 84.85, target 85.1, Stop Loss @ 84.65 Details
If 84.85 begins to break higher, the technical summary data tells us to buy AFL just slightly over 84.85, with an upside target of 85.1. The data also tells us to set a stop loss @ 84.65 in case the stock turns against the trade. 84.85 is the first level of resistance above 84.66, and by rule, any break above resistance is a buy signal. In this case, 84.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AFL slightly near 84.85, target 84.29, Stop Loss @ 85.05. Details
The technical summary data is suggesting a short of AFL if it tests 84.85 with a downside target of 84.29. We should have a stop loss in place at 85.05 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 84.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Aflac Incorporated (AFL) available here: AFL.
AFL Ratings for March 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
80.86 |
| P2 |
84.29 |
84.24 |
84.85 |
| P3 |
85.1 |
85.52 |
88.76 |
AI Generated Signals for AFL
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for AFL:
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