American International Group (AIG) Closes Last Hour Down $-0.04; Crosses 20 Day Moving Average

The Hourly View for AIG

Last Updated September 17, 2020, 23:12 GMT

At the moment, AIG’s price is down $-0.86 (-2.87%) from the hour prior. AIG has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. 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 20, 50 and 100 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 $28.7, down 3.59% ($1.07) from the previous day. As for how volume fared, yesterday’s volume was up 4.87% from the previous day (Tuesday), and up 58.99% from Wednesday of the week before. Below is a daily price chart of American International Group Inc.

AIG

American International Group Inc Technical Analysis

Moving average crossovers are always interesting, so let’s start there: American International Group Inc crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 10 days American International Group Inc’s price has gone up 5 them.

Overheard Around the Web

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

    $AIG I'm still amazed this stock is so cheap. It's a $60 Book value stock with a $30 price. They made money in Q2 2020 if you look at the comprehensive income. The only reason for the Q2 2020 loss was due to losses on investments that are temporary.

    Benalish