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Advanced TA SearchArchive
- 4/5/2024 -
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American Int'l. Group (AIG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the American Int'l. Group (AIG). During the week, the AIG gave back -0.46 points, or -0.59%, and closed at 77.71 on Friday, April 5, 2024. It was the worst weekly loss since February 9, 2024. Weekly volume was -8% below average.
AIG is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See AIG long-term trend chart]
A long-term uptrend had started on March 24, 2023 at 45.67 and reached 78.95 on April 3, 2024. AIG gained -33.28 points, or -72.87%, in 53 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (70.72) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a long-term trend.
Medium-term trend: [See AIG medium-term trend chart]
A medium-term uptrend had started on August 22, 2023 at 57.02 and reached 78.95 on April 3, 2024. AIG gained -21.93 points, or -38.46%, in 32 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (72.72) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See AIG weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since June 2, 2023. This is an indication that the medium-term trend is up. 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 4, 2023 at 57.72 and reached 78.95 on April 3, 2024. AIG gained -21.23 points, or -36.78%, in 182 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (72.65) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a short-term trend.
 Daily Technical Indicators: [See AIG daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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