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Archive
7/12/2019
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Archive
- 7/12/2019 -
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American Int'l. Group (AIG)

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Summary:
Weekly :Overbought sectorRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtDaily  MACD line has moved above its signal lineThe price touches the upper Bollinger Band
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It was a second consecutive positive week for the American Int'l. Group (AIG). During the week, the AIG gained 1.66 points, or 3.04%, and closed at 56.27 on Friday, July 12, 2019. Weekly volume was -38% below average.

AIG is a member of Financial Sector. Financial is the second 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 downtrend had started on January 10, 2017 at 67.47 and reached 36.16 on December 10, 2018. AIG lost 31.31 points, or 46.41%, in 99 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 28.15 and resistance is at 66.72. 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.

Medium-term trend: [See AIG medium-term trend chart]
A medium-term uptrend had started on February 14, 2019 at 40.00 and reached 56.35 on July 12, 2019. AIG gained -16.35 points, or -40.88%, in 21 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 56.10 and resistance is at 57.81. 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 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 weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 18, 2019. 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 June 12, 2019 at 52.62 and reached 56.35 on July 12, 2019. AIG gained -3.73 points, or -7.09%, in 30 days. Price is near the trend high.

Daily Technical Indicators: [See AIG daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price touches the upper Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.34
Williams' Percentage Range (W%R) 11.80
Overbought
Lane's Stochastic (%D-Slow) 92.57
Strong Overbought
Greed/Fear Indicator (GFI) 83.71
Overbought
Moving Average Converg./Diverg. (MACD) 0.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 85.87
Overbought Bearish
Williams' Percentage Range (W%R) 3.30
Strong Overbought
Lane's Stochastic (%D-Slow) 90.38
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 84.36
Overbought
Moving Average Converg./Diverg. (MACD) 1.46 Bearish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 66.72
Monthly Trendline Resistance 57.81
Upper Bollinger Band 56.36
Price 56.27
Monthly Trendline Support 56.10
Daily Stochastic Crossing 56.10
Weekly Stochastic Crossing 55.82
20 Day Moving Average 54.04
Parabolic System 53.71
50 Day Moving Average 52.63
Lower Bollinger Band 52.03
Sector and Industry
Description Name Rank
Sector Financial 8
Industry Prprty/Casualty Insurance 152
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 52.86
Low Date 06/18/2019
High 56.35
High Date 07/12/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 52.62
Low Date 06/12/2019
High 56.35
High Date 07/12/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 57.81
Support 56.10
Low 40.00
Low Date 02/14/2019
High 56.35
High Date 07/12/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.16
Low Date 12/10/2018
High 56.35
High Date 07/12/2019
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 66.72
Support 28.15
High 67.47
High Date 01/10/2017
Low 36.16
Low Date 12/10/2018
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.

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