Million

Resistance

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>AFL stock price’s current revenue, profit margin, and net income have increased from last quarter’s revenue and are trading above major EMAs.</a></li>
 <li><span>2</span> <a>Aflac Inc. (NYSE: AFL) stock’s 52-week price range is between $56 – $81.</a></li>
</ul>
<p>The Aflac Inc. (AFL stock) latest quarterly earnings report for the period ending June 2023, displayed a revenue of $5.17 Billion, with a net income of $1.63 Million, and a gain in profit margin from the last quarter of 31.59%. This quarter, the Aflac reported revenue exceeded analysts’ estimates by $67.426 Million (1.51%).</p>
<p>Also, the Aflac stock reported an EPS of $1.58 for the period ending June 2023, beating the analysts’ estimate of $1.439 by 9.79%. The next quarter’s Aflac revenue is estimated to be $4.312 Billion and estimated EPS of $1.489, the report will be released on November 01th, 2023.</p>
<p>AFL stock’s latest quarterly balance sheet for the period ending June 2023 reported total assets of $129.63 Billion and total liabilities of $109.19 Billion. The AFL debt-to-assets ratio is at 84.23%.</p>
<p>The AFL stock’s dividend yield for the TTM is 2.05% and its last dividend payment was $0.42 per share. The last ex-dividend date was August 22nd, 2023 and its payout ratio is 21.96%.&nbsp;</p>
<p>Furthermore, a low dividend payout ratio indicates that the AFL is confident in its future prospects and has enough cash flow to reinvest in its business.&nbsp;</p>
<p>Also, AFL’s dividend payments are covered by earnings and cash flows, which is a positive sign for its dividend safety and sustainability.AFL stock’s dividend amount has shown that the company is financially and fundamentally healthy, as it has increased from $1.04 to $1.60 in the past five years.</p>
<h2 class="wp-block-heading" id="strong-afl-stock-price-technical-analysis-in-1-d-timeframe-strong"><strong>AFL Stock Price Technical Analysis in 1-D Timeframe</strong></h2>
<p>The AFL stock has a float of 534.687 Million shares and a market cap of $48.173 Billion. The AFL stock has a CMP of $81.09 and an intraday gain of 1.05%. The AFL stock’s average volume for the last 10 days is 2.215 Million and its current volume is 2.096 Million.&nbsp;</p>
<p>According to <a href="https://www.thecoinrepublic.com/2023/08/17/aflac-inc-afl-stock-price-persist-in-surgetargeting-100/" target="_blank" rel="noopener noreferrer nofollow">Aflac</a> Inc. (NYSE: AFL) chart, the stock price has been on an upward trend since March 2020, when it bounced from the $23 support level. It peaked at $81.75 in the last trading session on October 16th, 2023, breaking through several resistance levels and making higher highs and lows.</p>
<p>Therefore, if AFL stock gains more strong buying momentum from the current level and rises above, it may make new highs. The possible resistance levels or targets are in between $85 and $90.</p>
<p>On the contrary, if AFL stock faces resistance again and continues to fall and breaks below $75, it may slide to $70.</p>
<p>At the time of writing, AFL stock is trading above the major 20 and 50 EMAs.The MACD shows a bullish pattern. The RSI is at 74 and took support on 14 SMA. The indicators in AFL stock suggest bullish signals on the charts.</p>
<p>The 1-year <a href="https://www.thecoinrepublic.com/2023/08/17/aflac-inc-afl-stock-price-persist-in-surgetargeting-100/" target="_blank" rel="noopener noreferrer nofollow">price</a> forecasts for AFL stock by 14 analysts range between $60.00 to $86.00.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1461" height="847" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-467.png" alt="AFL Stock Forecast: Can (NYSE: AFL) Achieve $100 Target?" class="wp-image-176343" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-467.png 1461w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-467-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-467-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-467-768x445.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-467-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-467-1140x661.png 1140w" sizes="(max-width: 1461px) 100vw, 1461px">
  <figcaption class="wp-element-caption">
   Source: AFL.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1461" height="847" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-466.png" alt="AFL Stock Forecast: Can (NYSE: AFL) Achieve $100 Target?" class="wp-image-176342" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-466.png 1461w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-466-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-466-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-466-768x445.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-466-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-466-1140x661.png 1140w" sizes="(max-width: 1461px) 100vw, 1461px">
  <figcaption class="wp-element-caption">
   Source: AFL.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>The technical analysis tools of the Aflac stock price highlight upward signals and support bullishness. Aflac Inc. (NYSE: AFL) chart indicates that the traders and investors of the share price are bullish and positive on the 1-D timeframe. The price action shows a higher highs and lows formation in AFL stock showing signs of a bullish outlook at the time of publishing.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $75 and $70</p>
<p><strong>Resistance Levels</strong>: $85 and $90</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

AFL Stock Forecast: Can (NYSE: AFL) Achieve $100 Target?

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