The Greedy Trader Weekly Analysis
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American Int'l. Group
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergence
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineLane's Stochastic bearish divergenceThe price touches the upper Bollinger Band
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It was a third consecutive positive week for the American Int'l. Group (AIG). During the week, the AIG gained 1.14 points, or 2.53%, and closed at 46.19 on Friday, April 12, 2019. On Friday AIG has reached 46.95 - the highest level since October 26, 2018. Weekly volume was -45% below 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 36.16 on December 10, 2018. AIG lost 31.31 points, or 46.41%, in 99 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 31.53 and resistance is at 66.79. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.

Medium-term trend: [See AIG medium-term trend chart]
A medium-term uptrend had started on December 10, 2018 at 36.16 and reached 46.95 on April 12, 2019. AIG gained -10.79 points, or -29.84%, in 17 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (43.30) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See AIG weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 18, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend 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 March 25, 2019 at 42.17 and reached 46.95 on April 12, 2019. AIG gained -4.78 points, or -11.34%, in 18 days. The price is now at the 15.90% retracement level.

Daily Technical Indicators: [See AIG daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since March 29, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

The price touches the upper Bollinger Band. 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) 83.27
Overbought
Williams' Percentage Range (W%R) 19.90
Overbought
Lane's Stochastic (%D-Slow) 83.86
Overbought Bearish
Greed/Fear Indicator (GFI) 82.42
Overbought
Moving Average Converg./Diverg. (MACD) 0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.94
Williams' Percentage Range (W%R) 8.80
Strong Overbought
Lane's Stochastic (%D-Slow) 75.68
Bearish
Greed/Fear Indicator (GFI) 73.95
Moving Average Converg./Diverg. (MACD) -1.91
Trading Signals
Description Value Chart
Daily Stochastic Crossing 46.41
Upper Bollinger Band 46.25
Price 46.19
Weekly Stochastic Crossing 45.40
Quarterly Trendline Resistance 45.33
Monthly Trendline Resistance 45.31
Parabolic System 44.14
20 Day Moving Average 43.96
50 Day Moving Average 43.47
Quarterly Trendline Support 43.30
Monthly Trendline Support 43.27
Lower Bollinger Band 42.21
Sector and Industry
Description Name Rank
Sector Financial 6
Industry Prprty/Casualty Insurance 130
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 42.17
Low Date 03/25/2019
High 46.95
High Date 04/12/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.17
Low Date 03/25/2019
High 46.95
High Date 04/12/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 45.31
Support 43.27
Low 40.00
Low Date 02/14/2019
High 46.95
High Date 04/12/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 45.33
Support 43.30
Low 36.16
Low Date 12/10/2018
High 46.95
High Date 04/12/2019
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 66.79
Support 31.53
High 67.47
High Date 01/10/2017
Low 36.16
Low Date 12/10/2018
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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