The Greedy Trader Weekly Analysis
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- 12/13/2024 -
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American Int'l. Group (AIG) Technical Analysis

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Summary:
Weekly :Overbought sectorPrice is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldBullish Doji Candlestick
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It was the negative week for the American Int'l. Group (AIG). During the week, the AIG dropped -2.69 points, or -3.56%, and closed at 72.87 on Friday, December 13, 2024. It was the worst weekly loss since September 6, 2024. Weekly volume was 17% above 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 80.82 on May 10, 2024. AIG gained -35.15 points, or -76.97%, in 59 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See AIG medium-term trend chart]
A medium-term downtrend had started on May 10, 2024 at 80.82 and reached 69.00 on August 5, 2024. AIG lost 11.82 points, or 14.63%, in 12 weeks. The price is now at the 32.74% retracement level.

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

The weekly MACD line is below its signal line since November 15, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See AIG short-term trend chart]
A short-term downtrend had started on October 18, 2024 at 79.71 and reached 72.37 on December 12, 2024. AIG lost 7.34 points, or 9.21%, in 55 days. The price is now at the 6.81% retracement level.

Daily Technical Indicators: [See AIG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. 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 daily MACD line is below its signal line since December 2, 2024. This is an indication that the short-term trend is down.

Candlestick pattern: [See AIG candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.79
Williams' Percentage Range (W%R) 90.80
Strong Oversold
Lane's Stochastic (%D-Slow) 8.41
Strong Oversold
Greed/Fear Indicator (GFI) 16.79
Oversold
Moving Average Converg./Diverg. (MACD) -0.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.99
Williams' Percentage Range (W%R) 64.70
Lane's Stochastic (%D-Slow) 43.96
Greed/Fear Indicator (GFI) 42.67
Moving Average Converg./Diverg. (MACD) 0.68
Trading Signals
Description Value Chart
Upper Bollinger Band 77.50
50 Day Moving Average 76.03
Weekly Stochastic Crossing 75.47
20 Day Moving Average 75.32
Parabolic System 75.09
Price 72.87
Daily Stochastic Crossing 72.80
Lower Bollinger Band 72.47
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Property & Casualty Insurance 70
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 79.71
High Date 10/18/2024
Low 72.37
Low Date 12/12/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.00
Low Date 08/05/2024
High 79.71
High Date 10/18/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 80.82
High Date 05/10/2024
Low 69.00
Low Date 08/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.67
Low Date 03/24/2023
High 80.82
High Date 05/10/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 16.07
Low Date 03/18/2020
High 80.82
High Date 05/10/2024
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.