American International Group (AIG) Closes Prior Hour Down -0.01%; Moves Up For the 3rd Straight Day, in an Uptrend Over Past 90 Days, Pin Bar Pattern Appearing on Chart

The Hourly View for AIG

Last Updated January 8, 2021, 02:07 GMT

At the time of this writing, American International Group’s price is up $0.74 (1.84%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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 came into today up 1.69% ($0.68) from the open of yesterday, marking the 3rd straight day an increase has occurred. The price move occurred on volume that was down 38.48% from the day prior, but up 31.43% from the same day the week before. Below is a daily price chart of American International Group Inc.


American International Group Inc Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to buy dips. For additional context, note that price has gone up 7 out of the past 14 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about AIG:

    $AIG reported 10 new insider trades to the SEC in the last 2 minutes.

    267 shares acquired by Steenland Douglas M (Director)
    267 shares acquired by Miller Henry S (Director)
    267 shares acquired by Lynch Christopher S. (Director)
    102 shares acquired by Vaughan Therese M (Director)
    178 shares acquired by Mills Linda A (Director)
    222 shares acquired by Jurgensen William G (Director)
    265 shares acquired by Cornwell W Don (Director)
    Motamed Thomas F (Director) acquired new securities
    Porrino Peter R (Director) acquired new securities
    102 shares acquired by Schioldager Amy L. (Director)