American International Group (AIG) Price Near $28.43; Price Base in Formation Over Past 90 Days, Makes Big Move Relative to Two Week Trend

The Hourly View for AIG

Last Updated September 11, 2020, 15:14 GMT

Currently, AIG’s price is up $0.04 (0.16%) from the hour prior. The hourly chart shows that AIG has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. 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

28.16 was the closing price of the day for American International Group Inc, resulting in today being one in which price moved down 3.4% ($0.99) from yesterday. As for how volume fared, yesterday’s volume was up 4.29% from the previous day (Wednesday), and up 2.81% from Thursday of the week before. Here is a daily price chart of American International Group Inc.

AIG

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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 14 days American International Group Inc’s price has gone down 8 them.

Overheard Around the Web

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

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