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

The Daily View for American International Group

  • At the moment, AIG’s price is up $0.53 (1.14%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as American International Group has now gone up 4 of the past 5 days.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Price action traders may also wish to note that we see a doji candlestick pattern on American International Group. Given that we see an uptrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • Regarding moving averages, it should first be noted that price has crossed the 50 day moving average, resulting in them with price now being above it. The moving averages on the daily 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 up $0.24 (0.52%) from the day prior.
  • The daily chart shows that American International Group has seen 2 straight up days.
  • Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
  • Of note is that the 20 day changed directions on AIG; it is now pointing down. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of American International Group.

AIG