American International Group Inc 4 Hour Price Update
Updated July 30, 2020 04:29 PM GMT (12:29 PM EST)
AIG traders saw its share price decline -3.95% ($-1.29) over the past four hours of trading. To help put that in perspective, note that American International Group Inc’s peers in the in the Insurance industry are down -1.37% on average during this time, while the broader Financial Services sector is down by an average of -2.14%.
American International Group Inc Daily Price Recap
American International Group Inc came into today up 5.56% ($1.72) from the open of the previous day, marking the 2nd day in a row an increase has occurred. As for how volume fared, yesterday’s volume was up 93.32% from the previous day (Tuesday), and up 131.21% from Wednesday of the week before. Below is a daily price chart of American International Group Inc.
American International Group Inc Technical Analysis
First things first: American International Group Inc crossed above its 50 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 8 out of the past 14 days.
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about AIG:
Bullish alerts from our new AI tool that analyzes options flow to make 5 day predictions. Bullish means the stock is predicted to move up more than 1% from today's close at least once in the next five days.
🔥 $PDD – Bullish probability of 91.5%. Had a nice pull back before it started to go up again. Maybe we will see another pull back but the tool expects it to go up.
🔥 $AIG – Bullish probability of 90.3%. Would be a good setup if we break the $32.9 resistance level.
🔥 $STX – Bullish probability of 90.1%. Earnings came out and the stock went down a lot. The tool expects it now go high.
🔥 $PTON – Bullish probability of 87.6%. If there is a slight pull back, this can be a great setup as it's been in a strong uptrend.
🔥 $CODX – Bullish probability of 88.5%. Price is squeezing and forming a triangle. Expecting it to break one way. The tool expects it to be bullish.
Please limit your losses in case the alerts don't pan out.