AMERICAN INTERNATIONAL GROUP (AIG) Stock Technical Analysis
NYSE:AIG - New York Stock Exchange, Inc. - US0268747849 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to AIG. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that AIG is one of the better performing stocks in the market, outperforming 70% of all stocks.
AIG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AIG is lagging the market slightly.
AIG has an average volume of 4174240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AIG is an average performer in the Insurance industry, it outperforms 65% of 143 stocks in the same industry.
In the last month AIG has a been trading in the 81.13 - 87.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AIG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 87.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 85.34, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
71.19
88.60
When analyzing the support we can see 5 important areas.
- A support zone ranging from 82.84 to 85.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 78.95 to 79.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 77.05 to 77.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @74.37 from a trend line in the weekly time frame.
- A support zone ranging from 71.91 to 71.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 87.34 to 87.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AIG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AIG is neutral. |
| ChartMill Relative Strength | 70.7 | POSITIVE | AIG has a high relative strength, it outperformed 70.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AIG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AIG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AIG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.18 | NEUTRAL | The RSI value for AIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests AIG has a positive trend. |
| Stochastics (14,3) | 58.66 | NEUTRAL | The Stochastics value for AIG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for AIG suggests low volalility. |
| Average Directional Index/ADX (14) | 10.89 | NEGATIVE | The low ADX value for AIG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 87.73 | 82.83 | 4.90 (5.59%) | 17.90% |
| An entry @87.73. This is a Buy Stop order right above the resistance zone. | An exit @82.83. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.90 points, which is 5.59%. | For a 1.00% total portfolio risk, you can invest 17.90% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
85.8
+1.4 (+1.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.66%
1 Week0.44%
2 Weeks2.64%
1 Month4.77%
3 Month3.21%
6 Month17.74%
12 Month16.86%
2 Year49.11%
3 Year67.81%
5 Year175.18%
10 Year38.79%
15 Year149.13%
Volatility
ATR(14)1.65
ATR(20)%1.76%
ATR Inc-6.07%
Range Today2.16
ADR(20)1.45
ADR(20)%1.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.7
Mansfield0.53
10 Day High87.46
10 Day Low82.84
20 Day High87.46
20 Day Low81.13
52 Week High88.07
52 Week Low69
CS1 End85.34
CR1 Start87.34
Volume & EV
DER(3)0.46%
DER(5)1.81%
Volume3.53M
Volume Incr19.93%
Vol(5)4.21M
Vol(50)4.17M