The Hourly View for AIG
Last Updated December 30, 2020, 02:015 GMT
At the moment, American International Group’s price is up $0.09 (0.24%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 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
The back and forth price flow continues for American International Group Inc, which started today off at 37.16 US dollars, up 0.24% ($0.09) from the day prior. The change in price came along side change in volume that was up 5.3% from previous day, but down 22.79% from the Tuesday of last week. 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 moving averages, which may act as price barrier for the asset. 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 7 of the previous 10 trading days.
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about AIG:
$AIG I know there are bears out there regarding AIG. Some mention potential cyber security liability. For those bears, what do you think AIG is worth? I'm not talking about short term, but in the long term. I think it is worth a lot more than its current $. Here is the basic logic. One of the biggest USA insurance payouts was hurricane sandy, which cost insurers $36B. Assuming another a liability of thissize hit the USA (i.e. hurricane, cyber secur, Covid, etc) assuming AIG has a 50% market share thus their liability would be $18B, AIG's book value after this hit would be $54.10/share. Current BV is $577B minus $18B minus total liabilities of $512.6B dividend total outstanding shares. So if AIG trades at BV it would be worth $54.10 per share. Historically, insurance companies has traded around 1 to 1.3x BV. Given that they are selling their Life & retirement unit, higher UW premiums, there are many catalyst to the stock. Major headwind is interest rates, but in LT rates should go up.