How the price action of Aflac (AFL) is used to our Advantage

Source: Stock Traders Daily

Longer Term Trading Plans for AFL
  • NONE. Details
  • There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
    This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

  • Short AFL under 57.79, target n/a, stop loss @ 57.96 Details
  • The technical summary data is suggesting a short of AFL as it gets near 57.79, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 57.96. 57.79 is the first level of resistance above 53.26, and by rule, any test of resistance is a short signal. In this case, if resistance 57.79 is being tested, so a short signal would exist.

Swing Trading Plans for AFL
  • Buy AFL over 57.79, target 62.15, Stop Loss @ 57.62 Details
  • If 57.79 begins to break higher, the technical summary data tells us to buy AFL just over 57.79, with an upside target of 62.15. The data also tells us to set a stop loss @ 57.62 in case the stock turns against the trade. 57.79 is the first level of resistance above 53.26, and by rule, any break above resistance is a buy signal. In this case, 57.79, 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 near 57.79, target 53.12, Stop Loss @ 57.96. Details
  • The technical summary data is suggesting a short of AFL if it tests 57.79 with a downside target of 53.12. We should have a stop loss in place at 57.96 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, 57.79, 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 over 53.32, target 54.52, Stop Loss @ 53.2 Details
  • If 53.32 begins to break higher, the technical summary data tells us to buy AFL just over 53.32, with an upside target of 54.52. The data also tells us to set a stop loss @ 53.2 in case the stock turns against the trade. 53.32 is the first level of resistance above 53.26, and by rule, any break above resistance is a buy signal. In this case, 53.32, 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 near 53.32, target 53.12, Stop Loss @ 53.44. Details
  • The technical summary data is suggesting a short of AFL if it tests 53.32 with a downside target of 53.12. We should have a stop loss in place at 53.44 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, 53.32, 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.

AFL Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Neutral Strong
P1 0 0 57.79
P2 53.32 50.36 62.15
P3 54.52 53.12 66.46

AFL Long Term Analysis for June 23 2022


AFL Swing Trading Analysis for June 23 2022


AFL Day Trading Analysis for June 23 2022

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Aflac (NYSE: AFL) data table below can help you with price action, and we have more details too. Trading plans for AFL are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

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