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- 5/29/2020 -
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American Int'l. Group (AIG)

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Summary:
Weekly :Broken trend resistance lineWeekly  MACD line has moved above its signal line
Daily :Stochastic has declined below the signal line
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It was a second consecutive positive week for the American Int'l. Group (AIG). During the week, the AIG gained 1.17 points, or 4.05%, and closed at 30.06 on Friday, May 29, 2020. Weekly volume was 7% above average.

Long-term trend: [See AIG long-term trend chart]
A long-term downtrend had started on September 19, 2019 at 58.66 and reached 16.07 on March 18, 2020. AIG lost 42.59 points, or 72.60%, in 25 weeks. The price is now at the 32.85% retracement level.

Medium-term trend: [See AIG medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 16.07 and reached 32.96 on May 27, 2020. AIG gained -16.89 points, or -105.10%, in 10 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (29.52) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a medium-term trend.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 May 27, 2020 at 32.96 and reached 29.97 on May 29, 2020. AIG lost 2.99 points, or 9.07%, in 2 days. Price is near the trend low.

Daily Technical Indicators: [See AIG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since March 25, 2020. The distance between MACD and the signal line is low, but getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.77
Williams' Percentage Range (W%R) 25.40
Lane's Stochastic (%D-Slow) 78.82
Greed/Fear Indicator (GFI) 71.06
Moving Average Converg./Diverg. (MACD) 0.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.30
Williams' Percentage Range (W%R) 64.30
Lane's Stochastic (%D-Slow) 59.01
Greed/Fear Indicator (GFI) 46.01
Moving Average Converg./Diverg. (MACD) -6.58
Trading Signals
Description Value Chart
Upper Bollinger Band 32.74
Daily Stochastic Crossing 31.58
Price 30.06
Monthly Trendline Support 29.52
Weekly Stochastic Crossing 28.57
Monthly Trendline Resistance 28.50
20 Day Moving Average 27.32
Parabolic System 26.95
50 Day Moving Average 25.11
Lower Bollinger Band 23.11
Sector and Industry
Description Name Rank
Sector Financials 3
Industry Property & Casualty Insurance 27
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 32.96
High Date 05/27/2020
Low 29.97
Low Date 05/29/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.90
Low Date 04/03/2020
High 32.96
High Date 05/27/2020
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 28.50
Support 29.52
Low 16.07
Low Date 03/18/2020
High 32.96
High Date 05/27/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 58.66
High Date 09/19/2019
Low 16.07
Low Date 03/18/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 67.47
High Date 01/10/2017
Low 16.07
Low Date 03/18/2020
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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