American International Group (AIG) Price Near $37.12; 3 Day Up Streak Snapped, in an Uptrend Over Past 90 Days

The Hourly View for AIG

Last Updated January 5, 2021, 02:011 GMT

Currently, American International Group’s price is down $-0.34 (-0.88%) from the hour prior. This is the 2nd straight hour American International Group has seen its price head down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists 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’s 3 day positive streak has officially concluded, as the candle from yesterday closed down 1.93% ($0.73). As for how volume fared, yesterday’s volume was up 139.03% from the previous day (Sunday), and up 31.48% from Monday of the week before. The daily price chart of American International Group Inc below illustrates.


American International Group Inc Technical Analysis

Notably, American International Group Inc is now close to its 50 day averages, located at 36.9 respectively, and thus may be at a key juncture along those timeframes. 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 90 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 30 day timeframe, where price is headed down. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to buy dips. For another vantage point, consider that American International Group Inc’s price has gone down 6 of the previous 10 trading days.

Overheard Around the Web

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

    AI Initiated by Needham & Company LLC with price target 193 and rating Buy | AI Initiated by JMP Securities with price target 167 and rating Outperform | AI Initiated by KeyCorp and rating Sector Weight | AI Initiated by Piper Sandler with price target 166 and rating Overweight | JPMorgan starts off AI with an Underperform rating and lowly price target of $84.

    AIG Downgraded by Wells Fargo & Company with price target 42 and rating Overweight ➝ Equal Weight

    AIR Target Set by Jefferies Financial Group with price target 90 and rating Neutral

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