American International Group (AIG) Closes Last Hour Down $-0.40; Heads Down For the 2nd Consecutive Day

The Hourly View for AIG

Last Updated September 18, 2020, 23:14 GMT

At the time of this writing, AIG’s price is down $-0.19 (-0.66%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as AIG has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on AIG. Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 came into today down 2.47% ($0.71) from the open of the day prior, marking the 2nd consecutive day a decline has happened. As for how volume fared, yesterday’s volume was up 14.56% from the previous day (Wednesday), and up 76.03% from Thursday of the week before. Here is a daily price chart of American International Group Inc.

AIG

American International Group Inc Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For another vantage point, consider that American International Group Inc’s price has gone up 7 of the previous 14 trading days.

Overheard Around the Web

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