American International Group (AIG) Closes Prior Hour Up 0.17%; Heads Up For the 3rd Consecutive Day, in an Uptrend Over Past 90 Days

The Hourly View for AIG

Last Updated January 1, 2021, 23:7 GMT

At the moment, American International Group’s price is down $-0.12 (-0.33%) from the hour prior. American International Group has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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 closed yesterday up 0.91% ($0.34); this denotes the 3rd consecutive day it has gone up. The change in price came along side change in volume that was up 13.68% from previous day, but down 46.32% from the Thursday of last week. Below is a daily price chart of American International Group Inc.

AIG

American International Group Inc Technical Analysis

Coming into today American International Group Inc is now close to its 20 day averages, located at 38.38 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 14 and 30 day timeframes. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. For another vantage point, consider that American International Group Inc’s price has gone down 9 of the previous 14 trading days.

Overheard Around the Web

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

    $AIG Form 8-K: On December 30, 2020, American International Group announced that it will redeem all of its outstanding 3.300% Notes Due 2021 on February 1, 2021. On the Redemption Date, AIG will pay t..

    https://newsfilter.io/a/519fcc4a931057c37019216b34ff8c72

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