The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 5/10/2024 -
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American Int'l. Group (AIG) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceTrend resistance at 80.68
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a fourth consecutive positive week for the American Int'l. Group (AIG). During the week, the AIG gained 1.63 points, or 2.08%, and closed at 80.11 on Friday, May 10, 2024. AIG was trading at average weekly trading volume.

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. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (80.68). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See AIG medium-term trend chart]
A medium-term uptrend had started on October 4, 2023 at 57.72 and reached 80.82 on May 10, 2024. AIG gained -23.10 points, or -40.02%, in 31 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 74.89 and resistance is at 80.93. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern 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 and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD 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 June 2, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 April 17, 2024 at 71.51 and reached 80.82 on May 10, 2024. AIG gained -9.31 points, or -13.02%, in 23 days. The price is now at the 7.63% retracement level.

Daily Technical Indicators: [See AIG daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since April 29, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.23
Overbought
Williams' Percentage Range (W%R) 7.00
Strong Overbought
Lane's Stochastic (%D-Slow) 90.02
Strong Overbought
Greed/Fear Indicator (GFI) 88.76
Overbought
Moving Average Converg./Diverg. (MACD) 0.81
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.59
Williams' Percentage Range (W%R) 4.30
Strong Overbought
Lane's Stochastic (%D-Slow) 66.83
Bearish
Greed/Fear Indicator (GFI) 75.41
Moving Average Converg./Diverg. (MACD) 3.47 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 82.50
Monthly Trendline Resistance 80.93
Quarterly Trendline Resistance 80.68
Daily Stochastic Crossing 80.16
Price 80.11
Parabolic System 78.80
Weekly Stochastic Crossing 77.73
20 Day Moving Average 76.21
50 Day Moving Average 76.06
Monthly Trendline Support 74.89
Quarterly Trendline Support 73.26
Lower Bollinger Band 72.07
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Property & Casualty Insurance 94
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 74.19
Low Date 04/25/2024
High 80.82
High Date 05/10/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.51
Low Date 04/17/2024
High 80.82
High Date 05/10/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 80.93
Support 74.89
Low 57.72
Low Date 10/04/2023
High 80.82
High Date 05/10/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 80.68
Support 73.26
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.