American International Group Does it Again: Heads Up for the 3rd Straight Day

The Daily View for American International Group

  • At the moment, AIG’s price is up $0.05 (0.11%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • 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 pin bar 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.
  • Most noteworthy in the world of moving averages on the daily chart is that the 200 day moving average has been crossed, so that price is now turning below 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 time of this writing, AIG’s price is up $0.08 (0.17%) 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.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
  • 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

Featured American International Group Commentary From Twitter

The truth bleed, one drop at a time. The AIG classic, they tell Hank Paulson it’s $85B and a week later it’s $180B… Sheep… https://t.co/utuqQo9WsQNA

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