The Greedy Trader Weekly Analysis
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Archive
- 11/2/2018
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American Int'l. Group
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Summary:
Weekly :Broken trend support lineBroken trend support line
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SARPrice is near the Fibonacci 23.6% retracement levelThe period of high volatility of the stock price
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It was a first positive week after 3 consecutive negative weeks for the American Int'l. Group (AIG). During the week, the AIG gained 2.36 points, or 5.77%, and closed at 43.28 on Friday, November 02, 2018. Weekly volume was 136% above average.

Long-term trend: [See AIG long-term trend chart]
A long-term downtrend had started on January 10, 2017 at 67.47 and reached 39.29 on October 30, 2018. AIG lost 28.18 points, or 41.77%, in 94 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (50.91) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See AIG medium-term trend chart]
A medium-term downtrend had started on August 3, 2017 at 67.30 and reached 39.29 on October 30, 2018. AIG lost 28.01 points, or 41.62%, in 64 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (47.67) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See AIG weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See AIG short-term trend chart]
A short-term uptrend had started on October 30, 2018 at 39.29 and reached 44.63 on November 1, 2018. AIG gained -5.34 points, or -13.59%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See AIG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since October 9, 2018. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The distance between the Bollinger Bands is 390.96% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.32
Williams' Percentage Range (W%R) 72.70
Lane's Stochastic (%D-Slow) 32.82
Greed/Fear Indicator (GFI) 29.80
Moving Average Converg./Diverg. (MACD) -2.68
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.42
Williams' Percentage Range (W%R) 75.80
Lane's Stochastic (%D-Slow) 22.98
Greed/Fear Indicator (GFI) 28.02
Moving Average Converg./Diverg. (MACD) -1.39
Trading Signals
Description Value Chart
Upper Bollinger Band 54.60
Yearly Trendline Support 50.91
50 Day Moving Average 50.69
Quarterly Trendline Support 47.67
20 Day Moving Average 46.36
Price 43.28
Weekly Stochastic Crossing 41.93
Daily Stochastic Crossing 41.44
Parabolic System 39.36
Lower Bollinger Band 36.83
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Prprty/Casualty Insurance 94
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 39.29
Low Date 10/30/2018
High 44.63
High Date 11/01/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 39.29
Low Date 10/30/2018
High 44.63
High Date 11/01/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.97
High Date 09/25/2018
Low 39.29
Low Date 10/30/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 55.74
Support 47.67
High 67.30
High Date 08/03/2017
Low 39.29
Low Date 10/30/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 54.04
Support 50.91
High 67.47
High Date 01/10/2017
Low 39.29
Low Date 10/30/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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