Rally

Million

Resistance

James

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>AFL stock price persisted in gaining and is heading toward $100.</a> </li> 
 <li> <span>2</span> <a>Buyers have attained momentum and sellers were in trouble.</a> </li> 
</ul> 
<p>AFLAC Inc. (NYSE: AFL) AFL stock was in an uptrend and showed a vertical rally after breaking out of the symmetrical triangle pattern above $65 in the past session. Moreover, the price action shows that AFL stock has gained pace and is looking aggressive on the charts. Recently, broking firms and analysts have increased the target price and given a positive view with a growth outlook. UBS has increased the target price from $70 to $80, and maintains a ‘hold’ rating, where Raymond James had maintained the target price at $83, with an outperform rating. Besides that, AFL stock chart shows that buyers have persisted in accumulating the stock and continued to extend the rally inside the rising parallel channel, forming the higher highs.</p> 
<p>AFLAC stock price is above the significant moving averages and is trading close to the upper bollinger band highlighting the bullishness on the charts. Moreover, the price action is favoring the bulls and suggests that follow on buying will continue and AFL stock will reach $100 in the upcoming sessions. As per the options chain, at the strike price of $80, a massive open interest of 514 hundred shares on the call side shows a strong resistance barrier, whereas short sellers looked trapped. Also a short covering move was witnessed in the past sessions.</p> 
<p>At press time, AFL stock price was $80.25 with an intraday gain of 0.49%, showing bullishness on the charts. Moreover, trading volume increased by 0.44% to 1.989 Million while the market cap is $47.674 Billion. However, analysts maintained a neutral rating with a target price of $83 suggesting a growth outlook for the coming sessions.</p> 
<p>Aflac, Inc. is a holding company, which 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. The Aflac U.S. segment sells voluntary supplemental insurance products for people who already have major medical or primary insurance coverage.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-afl-stock-extend-rally-to-100-strong"><strong>Will AFL Stock Extend Rally to $100?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="752" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-424.png" alt="AFLAC Stock (NYSE: AFL) Rally Persists, Will Bulls Attain $100?" class="wp-image-175983" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-424.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-424-300x141.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-424-1024x481.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-424-768x361.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-424-1536x722.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-424-750x353.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-424-1140x536.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: AFL Stock Price Chart At TradingView
  </figcaption>
 </figure>
</div> 
<p>On the daily charts, AFL stock price is in an uptrend and shows the bulls’ dominance. Moreover, the price action indicates that bulls have attained momentum and are looking strong which suggests that the rally will continue and may reach to $100. Furthermore, the chart showcased that AFL stock has surpassed the primary hurdle of $70 and is trading in the bull territory.</p> 
<p>The RSI curve stayed in the overbought zone and shows a bullish divergence indicating that follow-on buying will continue and AFL stock will outperform in the upcoming sessions.</p> 
<p>The MACD indicator showed a bullish crossover and formed green bars on the histogram suggesting a positive outlook for the next sessions.</p> 
<h4 class="wp-block-heading"><strong>Summary&nbsp;</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/10/14/can-clf-stock-price-skip-consolidation-next-week-earnings-ahead/" target="_blank" rel="noreferrer noopener">AFL stock price</a> is above the significant moving averages and has showcased the rising parallel channel on the charts. Moreover, the price action shows that AFL stock will outperform and that buyers are targeting the cluster of $100. However, sellers looked trapped and covering their short positions which is a positive sign for the bulls.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $75 and $70</p> 
<p>Resistance Levels: $85 and $100</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

AFLAC Stock (NYSE: AFL) Rally Persists, Will Bulls Attain $100?

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