American International Group (AIG) Price Near $37.38; in an Uptrend Over Past 90 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for AIG

Last Updated December 25, 2020, 02:019 GMT

Currently, American International Group’s price is down $-0.3 (-0.79%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

American International Group Inc Daily Price Recap

American International Group Inc entered today at $37.37, down 0.19% ($0.07) from yesterday. This move happened on lower volume, as yesterday’s volume was down 58.52% from the day before — and down 50.66% from the same day the week before. Below is a daily price chart of American International Group Inc.

AIG

American International Group Inc Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that American International Group Inc’s price has gone down 17 of the previous 30 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to AIG:

    $AIG just a reminder that AIG was not under the FED’s thumb with regards to buybacks. They already had one in place. Nothing changes for them. Because of this, they should no longer trade in lock with the banks. A good pairs trade would be long $JPM, short $AIG. Oh, and that catastrophic event for cyber with AIG is a massive short.

    Tulpenmanie2020