Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>AFL stock is riding the gains, highlighting the positive outlook over the past sessions.</a> </li> 
 <li> <span>2</span> <a>Buyers persisted in accumulating the stock and are aiming for the $100 mark.</a> </li> 
</ul> 
<p>Aflac Inc. (AFL stock) price persisted in riding the gains inside the rising parallel channel and extended the gains. Moreover, the price action favors the bulls and suggests a rise toward $100 for the upcoming sessions. Furthermore, the stock has shown a breakout above the neckline of $72 in the last session. However, buyers faced pressure to extend the rally and retraced toward the 20-day EMA retesting the zone.</p> 
<p>The chart shows that AFL stock is trading in a strong uptrend and continues to extend the gains making higher highs for the past sessions. Moreover, the buyers persist in outperforming. The trajectory shows that the stock has risen and is above the significant moving averages. Recently, the stock posted Q2 earnings which were above estimates, resulting in a breakout. But the price fell to fill the gap and headed to retest the 20-day EMA.</p> 
<p>At press time, AFL stock price is trading at $75.83 with an intraday gain of 0.13% showing bullishness on the charts. Moreover, the trading volume remained at 1.608 Million, while the market cap is $45.084 Billion. However, analysts maintained a neutral rating with a yearly target price of $75.</p> 
<p>Aflac, Inc. is a holding company that engages in the provision of financial protection services. It operates through the following segments: Aflac Japan and Aflac U.S. The Aflac Japan segment offers life insurance, death benefits, and cash surrender values.&nbsp;</p> 
<p>The Aflac U.S. segment sells voluntary supplemental insurance products for people with significant medical or primary insurance coverage. The company was founded by John Amos, Paul Amos, and William Amos on November 17, 1955, and is headquartered in Columbus, GA.</p> 
<h2 class="wp-block-heading" id="strong-afl-stock-riding-inside-the-channel-on-daily-charts-strong"><strong>AFL Stock Riding Inside the Channel On Daily Charts</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/Ux1msXm_4S1i6bO6ocenYZqOey0bL3qh_JmAHdlsg2xF1jZFevsnemMx7xVuxAiYW6ALI54HsgjMVI_M_Cqnr7N1pkao_SgYiz_U_0GU1Wd5FSWkSxf1maMwwchWjZ4SSwQi5fk4-5zxOJd9N7IY1Q" alt="Aflac Inc. (AFL Stock) Price Persist In Surge,Targeting $100"> 
  <figcaption class="wp-element-caption">
    Source: AFL stock price chart at TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the daily charts, AFL stock price is trading above the 61.8% fib level and targets to catch the channel highs near $80. As the buyers gain momentum, the stock could make the $100 mark in the upcoming sessions. Moreover, the price is close to the upper bollinger band, signaling bullishness on the charts.</p> 
<h2 class="wp-block-heading" id="strong-what-technical-indicators-say-strong"><strong>What Technical Indicators Say?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized"> 
  <img decoding="async" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-87-1024x464.png" alt="Aflac Inc. (AFL Stock) Price Persist In Surge,Targeting $100" class="wp-image-159945" style="width: 100%;height:532px" width="1174" height="532" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-87-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-87-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-87-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-87-1536x696.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-87-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-87-1140x517.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/08/image-87.png 1600w" sizes="(max-width: 1174px) 100vw, 1174px"> 
  <figcaption class="wp-element-caption">
    Source: AFL stock price chart at TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>On the 4-hour charts, <a href="https://www.thecoinrepublic.com/2023/06/30/aflac-inc-nyse-afl-forming-a-double-top-pattern-what-next/" target="_blank" rel="noopener noreferrer nofollow">AFL stock price</a> broke out in the past sessions indicating bullishness. However, the stock has retested the 20-day EMA and is looking to revisit the swing of $80.</p> 
<p>The RSI curve showed a fall from the overbought zone and formed a negative crossover on the charts. However, the chart suggests a bullish divergence and indicates that the rally will resume towards $80, followed by $90 in the subsequent sessions.</p> 
<p>The MACD indicator showed a bearish crossover due to the profit booking in the last session. However, the trend is strong, and buyers want a bounce to retain the bullishness.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Aflac Inc. (AFL stock) price persists in surging and riding the gains in a strong uptrend for the past months, indicating bullishness on the charts. Moreover, the chart suggests a strong chart structure and a rise toward the upper trajectory of $100 for the following sessions.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels:</strong></h4> 
<p>Support Levels: $70 and $60</p> 
<p>Resistance Levels: $80 and $90</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Aflac Inc. (AFL Stock) Price Persist In Surge,Targeting $100

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 17, 2023

Judge Analisa Torres has approved SEC's appeal request

Begini Peran GPU dalam Crypto Mining

Four Executives Charged in $1.8 Million Crypto Mining Scam in Singapore

Tether Ceases USDT Issuance on Kusama, Bitcoin Omni!

Asset Management Firm Valkyrie Files for ETH Futures ETF

Optimism Price Forecast: OP Slipped From an Interesting Channel!

Join our free newsletter for daily crypto updates!