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.

AIG

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) https://newsfilter.io/articles/4-form-52c5abded9bed71907b4f4d219a0998c
    267 shares acquired by Miller Henry S (Director) https://newsfilter.io/articles/4-form-8f9e2d92a18d0ba6c4e8b35f210636b1
    267 shares acquired by Lynch Christopher S. (Director) https://newsfilter.io/articles/4-form-d743785637b968b9c23c7611b69021ac
    102 shares acquired by Vaughan Therese M (Director) https://newsfilter.io/articles/4-form-665ab2bf8dee8e185264a30f3dc0bf0e
    178 shares acquired by Mills Linda A (Director) https://newsfilter.io/articles/4-form-70e868b37ff64c08701628f1737ef3ee
    222 shares acquired by Jurgensen William G (Director) https://newsfilter.io/articles/4-form-94728380ac45c60d7842232975924725
    265 shares acquired by Cornwell W Don (Director) https://newsfilter.io/articles/4-form-6481baf4774de66532728d0a64ba5a31
    Motamed Thomas F (Director) acquired new securities https://newsfilter.io/articles/4-form-35727b5c224987033feb17dc2218fc47
    Porrino Peter R (Director) acquired new securities https://newsfilter.io/articles/4-form-6a1627eddae7cb9a261a42a90cb02c05
    102 shares acquired by Schioldager Amy L. (Director) https://newsfilter.io/articles/4-form-b13a975cfd2808e2f7a44523b06e5f7d

    Newsfilter