This price action in Aflac (NYSE: AFL) can help investors find opportunity, and manage risk. Stock Traders Daily has demonstrated that in this article. Review The plans for AFL below, and you will see how this works. Keep in mind, this data is current, but it is not real time. If you want a real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Neutral | Neutral | Strong |
P1 | 0 | 0 | 45.45 |
P2 | 51.30 | 51.40 | 48.46 |
P3 | 51.60 | 52.15 | 51.76 |
Long Term Trading Plans for AFL
April 11, 2021, 2:45 pm ET
The Technical Summary and Trading Plans for AFL help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this AFL Report.
AFL - (Long) Support Plan
The technical summary data tells us to buy AFL near 48.46 with an upside target of 51.76. This data also tells us to set a stop loss @ 48.32 to protect against excessive loss in case the stock begins to move against the trade. 48.46 is the first level of support below 51.64 , and by rule, any test of support is a buy signal. In this case, support 48.46 is being tested, a buy signal would exist.
AFL - (Short) Resistance Plan
The technical summary data is suggesting a short of AFL as it gets near 51.76 with a downside target of 48.46. We should have a stop loss in place at 51.91though. 51.76 is the first level of resistance above 51.64, and by rule, any test of resistance is a short signal. In this case, if resistance 51.76 is being tested, a short signal would exist.