American International Group’s 4 Day Down Streak Comes to an End

The Hourly View for American International Group

  • At the moment, AIG’s price is down $-0.04 (-0.07%) 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 50 hour timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on American International Group. Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • Of note is that the 20 hour changed directions on AIG; it is now pointing down. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

American International Group’s hourly price chart is shown below.

AIG

The Daily View for American International Group

  • Currently, AIG’s price is up $0.53 (0.91%) from the day prior.
  • American International Group has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between AIG’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in AIG’s price.

Below is a daily price chart of American International Group.

AIG