American International Group (AIG) Closes Prior Hour Down -0.43%; Crosses 20 Day Moving Average, Price Base in Formation Over Past 90 Days, Makes Big Move Relative to Two Week Trend

The Hourly View for AIG

Last Updated September 16, 2020, 23:6 GMT

Currently, AIG’s price is down $-0.14 (-0.48%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 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 choppiness in price, as the 20, 50 and 100 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 entered today at $29.77, up 2.9% ($0.84) from the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 66.36% from the day prior, and up 85.17% from the same day the week before. Here is a daily price chart of American International Group Inc.


American International Group Inc Technical Analysis

Moving average crossovers are always interesting, so let’s start there: American International Group Inc crossed above its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 8 out of the past 14 days.

Overheard Around the Web

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

    $AIG Bearish flow noted in AIG with 12,586 puts trading, or 1.1x expected. Most active are 10/23 weekly 29 puts and Sep-20 30 puts, with total volume in those strikes near 9,700 contracts