American International Group Does it Again: Heads Down for the 2nd Straight Day

The Hourly View for American International Group

  • At the time of this writing, AIG’s price is up $0.13 (0.26%) from the hour prior.
  • American International Group has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

American International Group’s hourly price chart is shown below.

AIG

The Daily View for American International Group

  • At the moment, AIG’s price is down $-0.14 (-0.27%) from the day prior.
  • This is the 2nd day in a row American International Group has seen its price head down.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence between AIG’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in AIG’s price.

Below is a daily price chart of American International Group.

AIG

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