American International Group (AIG) Price Near $29.45; Price Base in Formation Over Past 90 Days

The Hourly View for AIG

Last Updated September 14, 2020, 23:7 GMT

At the moment, AIG’s price is up $0.66 (2.32%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Of note is that the 100 hour changed directions on AIG; it is now pointing up. 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

The back and forth price flow continues for American International Group Inc, which started today off at 28.4 US dollars, up 0.85% ($0.24) from the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 9.58% from the day prior, and up 72.23% from the same day the week before. Let’s take a look at the daily price chart of American International Group Inc.


American International Group Inc Technical Analysis

Volatility for American International Group Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that American International Group Inc’s price has gone down 15 of the previous 30 trading days.

Overheard Around the Web

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

    📉 Symbol: $AIG
    Direction: BEARISH
    Time (EST): 2020-09-10 14:54:17
    Current Stock Price: 28.32$
    AI Confidence Score: 👎 82.25% 👎

    👉 Statistics
    Puts Volume -> Today: 2.1K, Average Last Five Days: 13.0K
    Puts Premiums -> Today: 587.9K, Average Last Five Days: 1.2M
    Puts Average Bid-Ask -> Today: 2.98, Average Last Five Days: 1.80
    Volume > OI Puts -> Today: 2, Average Last Five Days: 2.50
    Average Days until Expiration -> Today: 96.0, Average Last Five Days: 67.0
    Average Strike Price -> Today: 28.71, Average Last Five Days: 27.93