American International Group (AIG) Price Near $40.73; 2 Day Down Streak Snapped, in an Uptrend Over Past 90 Days, Price Base in Formation Over Past 30 Days

The Hourly View for AIG

Last Updated January 13, 2021, 23:12 GMT

At the time of this writing, American International Group’s price is down $-0.14 (-0.34%) from the hour prior. The hourly chart shows that American International Group has seen 2 straight down 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 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 41 US dollars, up 1.79% ($0.72) from the day prior. As for how volume fared, yesterday’s volume was up 12.07% from the previous day (Monday), and up 31.06% from Tuesday of the week before. Below is a daily price chart of American International Group Inc.

AIG

American International Group Inc Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Also of note is that on a 30 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 down 16 out of the past 30 days.

Overheard Around the Web

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

    $AIG

    I'm looking for a push off this ascending Trend Line to continue this uptrend. Topping yesterday's high gives us confirmation of a move to 44, 47 and then 50. It's been a slow mover that I've been watching for a while, so I'd play the 47 Calls out to 2/12.

    If we drop below, I'll be looking for long entry somewhere around 39-39.50.

    TheArchitectBTB