Aflac Inc

AFL remains in a Stage 2 advancing regime with strong higher-high/higher-low structure, but short-term exhaustion at fresh highs and extreme overbought conditions suggest deferring entry. We prefer to wait for a shallow pullback into the rising 9EMA/21EMA zone to re-engage, aligning with the medium-term bullish bias while respecting near-term distribution risk.

• ↑Japan segment sales rose 25.5% YoY driven by new cancer product
• ↑Q1 2026 capital deployment of $1.3B in buybacks and dividends
• ↓Japanese earned premiums stagnating, risking lapsation outpacing new sales