The Greedy Trader Weekly Analysis
Sign In Jun 2, 2023
Skip Navigation Links
TA Search
Daily RSI:< 30
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Relative Strength Index (RSI Indicator)
The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.
Relative strength index- rsi indicator and overbought oversold index.
relative strength index,relative strength,overbought oversold index,rsi indicator
RSI divergence - Bullish Bearish.
rsi divergence,Bullish,Bearish,bullish stocks,Bullish Divergence,Bearish Divergence,stock market

American Int'l. Group (AIG)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support line
Daily :
Move cursor over the icon to see details.

It was a second consecutive positive week for the American Int'l. Group (AIG). During the week, the AIG climbed 0.22 points, or 0.41%, and closed at 54.07 on Friday, May 26, 2023. Weekly volume was -21% below average.

Long-term trend: [See AIG long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 16.07 and reached 65.73 on April 21, 2022. AIG gained -49.66 points, or -309.02%, in 109 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (55.05) is broken. A broken support is considered to be a long-term bearish signal. 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 January 9, 2023 at 64.88 and reached 45.67 on March 24, 2023. AIG lost 19.21 points, or 29.61%, in 10 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 30.42 and resistance is at 58.44. 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern 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 February 17, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 May 4, 2023 at 48.95 and reached 56.90 on May 23, 2023. AIG gained -7.95 points, or -16.24%, in 19 days. The chart has formed a Rising Wedge chart pattern.

Daily Technical Indicators: [See AIG daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since May 4, 2023. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.82
Williams' Percentage Range (W%R) 39.90
Lane's Stochastic (%D-Slow) 55.12
Greed/Fear Indicator (GFI) 55.69
Moving Average Converg./Diverg. (MACD) 0.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.37
Williams' Percentage Range (W%R) 58.00
Lane's Stochastic (%D-Slow) 60.62
Greed/Fear Indicator (GFI) 49.11
Moving Average Converg./Diverg. (MACD) -1.31
Trading Signals
Description Value Chart
Yearly Trendline Resistance 64.43
Monthly Trendline Resistance 58.44
Upper Bollinger Band 55.81
Yearly Trendline Support 55.05
Daily Stochastic Crossing 54.93
Weekly Stochastic Crossing 54.21
Price 54.07
Parabolic System 53.38
20 Day Moving Average 53.18
50 Day Moving Average 51.53
Lower Bollinger Band 50.83
Sector and Industry
Description Name Rank
Sector Financials 4
Industry Property & Casualty Insurance 44
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 48.95
Low Date 05/04/2023
High 56.90
High Date 05/23/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.67
Low Date 03/24/2023
High 56.90
High Date 05/23/2023
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 58.44
Support 30.42
High 64.88
High Date 01/09/2023
Low 45.67
Low Date 03/24/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 65.73
High Date 04/21/2022
Low 45.67
Low Date 03/24/2023
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 64.43
Support 55.05
Low 16.07
Low Date 03/18/2020
High 65.73
High Date 04/21/2022
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.

Copyright© 2004- All rights reserved.