Aflac Incorporated Stock Forecast
Red day on Tuesday for Aflac Incorporated stock after losing 1.05%
(Updated on Apr 30, 2024)
The Aflac Incorporated stock price fell by -1.05% on the last day (Tuesday, 30th Apr 2024) from $84.54 to $83.65. During the last trading day the stock fluctuated 1.04% from a day low at $83.63 to a day high of $84.50. The price has risen in 6 of the last 10 days and is up by 4% over the past 2 weeks. Volume has increased on the last day by 83 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $164.28 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.31% during the next 3 months and, with a 90% probability hold a price between $86.81 and $94.41 at the end of this 3-month period.
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AFL Signals & Forecast
The Aflac Incorporated stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $83.87. On a fall, the stock will find some support from the long-term average at approximately $83.64. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 5.04%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Aflac Incorporated stock
Aflac Incorporated finds support from accumulated volume at $80.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.87 (1.04%) between high and low. For the last week, the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: $80.11 (-4.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (AFL) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Aflac Incorporated to open at $83.93, and during the day (based on 14 day Average True Range), to move between $82.34 and $84.96, which gives a possible trading interval of +/-$1.31 (+/-1.57%) up or down from last closing price. If Aflac Incorporated takes out the full calculated possible swing range there will be an estimated 3.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $84.34 (0.82%) than the support at $80.43 (3.85%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Aflac Incorporated stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Aflac Incorporated stock to perform well in the short-term.
Current score: 1.431 Buy Candidate Unchanged
Predicted Opening Price for Aflac Incorporated of Wednesday, May 1, 2024
Fair opening price May 1, 2024 | Current price |
---|---|
$83.93 ( 0.331%) | $83.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AFL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 84.80 | 1.37 % | |
R2 | 84.46 | 0.97 % | ||
R1 | 84.26 | 0.728 % | ||
Current price: | 83.65 | |||
Support | S1 | 83.59 | -0.0666 % | |
S2 | 83.39 | -0.312 % | ||
S3 | 83.06 | -0.709 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 85.86 | 2.64 % | |
R2 | 84.37 | 0.86 % | ||
R1 | 84.34 | 0.82 % | ||
Current price | 83.65 | |||
Support | S1 | 80.43 | -3.85% | |
S2 | 76.82 | -8.16% | ||
S3 | 76.20 | -8.91% |
AFL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 01, 2023 | Feb 20, 2024 | Mar 01, 2024 | $0.500 | 0.622% |
2 | Nov 01, 2023 | Nov 14, 2023 | Dec 01, 2023 | $0.420 | 0.508% |
3 | Jul 31, 2023 | Aug 22, 2023 | Sep 01, 2023 | $0.420 | 0.562% |
4 | Apr 26, 2023 | May 16, 2023 | Jun 01, 2023 | $0.420 | 0.649% |
5 | Nov 08, 2022 | Feb 14, 2023 | Mar 01, 2023 | $0.420 | 0.617% |
FAQ
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