American International Group Inc (AIG) Down 2.72%, Nears 50 Day Moving Average; Pin Bar Pattern Appearing on Chart

American International Group Inc 4 Hour Price Update

Updated July 31, 2020 04:35 PM GMT (12:35 PM EST)

AIG traders saw its share price drop -0.52% ($-0.17) over the past four hours of trading. To help put that in perspective, note that American International Group Inc’s peers in the in the Insurance industry are down -1.33% on average during this time, while the broader Financial Services sector is down by an average of -1.5%.

American International Group Inc Daily Price Recap

31.78 was the closing price of the day for American International Group Inc, resulting in today being one in which price moved down 2.72% ($0.89) from yesterday. The change in price came along side change in volume that was down 29.89% from previous day, but up 53.18% from the Thursday of last week. The daily price chart of American International Group Inc below illustrates.

AIG

American International Group Inc Technical Analysis

The first thing we should note is that American International Group Inc is now close to its 50 day moving averages, which may act as price barrier for the asset. 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. Or to view things another way, note that out of the past 30 days American International Group Inc’s price has gone up 16 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard Around the Web

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

    Bullish alerts from our new AI tool that analyzes options flow to make 5 day predictions. Bullish means the stock is predicted to move up more than 1% from today's close at least once in the next five days.

    🔥 $PDD – Bullish probability of 91.5%. Had a nice pull back before it started to go up again. Maybe we will see another pull back but the tool expects it to go up.

    🔥 $AIG – Bullish probability of 90.3%. Would be a good setup if we break the $32.9 resistance level.

    🔥 $STX – Bullish probability of 90.1%. Earnings came out and the stock went down a lot. The tool expects it now go high.

    🔥 $PTON – Bullish probability of 87.6%. If there is a slight pull back, this can be a great setup as it's been in a strong uptrend.

    🔥 $CODX – Bullish probability of 88.5%. Price is squeezing and forming a triangle. Expecting it to break one way. The tool expects it to be bullish.

    Please limit your losses in case the alerts don't pan out.

    Tradytics