American International Group (AIG) Price Near $26.98; Heads Down For the 3rd Day In A Row

The Hourly View for AIG

Last Updated September 22, 2020, 00:015 GMT

At the time of this writing, AIG’s price is down $-0.68 (-2.41%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as AIG has now gone down 8 of the past 10 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

American International Group Inc Daily Price Recap

American International Group Inc is down 3.61% ($1.01) since the previous day, marking the 3rd day in a row a decrease has occurred. The change in price came along side change in volume that was down 11.85% from previous day, but up 52.73% from the Monday of last week. Below is a daily price chart of American International Group Inc.


American International Group Inc Technical Analysis

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 14 days American International Group Inc’s price has gone up 7 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.