Is Momentum Changing for American International Group? Price Just Crossed Below Its 20 Day Moving Average

The Hourly View for American International Group

  • At the time of this writing, AIG’s price is up $0.22 (0.46%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as American International Group has now gone down 4 of the past 5 hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe.
  • Most noteworthy in the world of moving averages on the hourly chart is that the 200 hour moving average has been crossed, with price now being above it. The moving averages on the hourly 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.

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

AIG

The Daily View for American International Group

  • At the moment, AIG’s price is up $1.24 (2.66%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Most noteworthy in the world of moving averages on the daily chart is that the 20 day moving average has been crossed, with price now being above it. 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.

Below is a daily price chart of American International Group.

AIG

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