The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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American Int'l. Group
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Lane's Stochastic is overboughtThe price is above the upper Bollinger Band
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It was a third consecutive positive week for the American Int'l. Group (AIG). During the week, the AIG gained 4.53 points, or 9.62%, and closed at 51.64 on Friday, May 10, 2019. Weekly volume was 99% above average.

AIG is a member of Financial Sector. Financial 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 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 30.50 and resistance is at 66.77. 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 December 10, 2018 at 36.16 and reached 51.98 on May 8, 2019. AIG gained -15.82 points, or -43.75%, in 21 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (45.47) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 January 18, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 25, 2019 at 44.92 and reached 51.98 on May 8, 2019. AIG gained -7.06 points, or -15.72%, in 13 days. Price is near the trend high.

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

The daily MACD line is above its signal line since April 26, 2019. 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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 79.75
Williams' Percentage Range (W%R) 21.20
Lane's Stochastic (%D-Slow) 81.24
Overbought
Greed/Fear Indicator (GFI) 79.91
Moving Average Converg./Diverg. (MACD) 1.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.41
Williams' Percentage Range (W%R) 9.70
Strong Overbought
Lane's Stochastic (%D-Slow) 88.61
Overbought
Greed/Fear Indicator (GFI) 79.98
Moving Average Converg./Diverg. (MACD) -1.07
Trading Signals
Description Value Chart
Price 51.64
Upper Bollinger Band 51.17
Daily Stochastic Crossing 50.96
Weekly Stochastic Crossing 50.76
Monthly Trendline Resistance 48.45
Parabolic System 48.05
20 Day Moving Average 47.24
Quarterly Trendline Resistance 45.92
Quarterly Trendline Support 45.47
50 Day Moving Average 45.04
Monthly Trendline Support 44.42
Lower Bollinger Band 43.85
Sector and Industry
Description Name Rank
Sector Financial 9
Industry Prprty/Casualty Insurance 142
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 46.15
Low Date 05/06/2019
High 51.98
High Date 05/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 44.92
Low Date 04/25/2019
High 51.98
High Date 05/08/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 48.45
Support 44.42
Low 40.00
Low Date 02/14/2019
High 51.98
High Date 05/08/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 45.92
Support 45.47
Low 36.16
Low Date 12/10/2018
High 51.98
High Date 05/08/2019
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 66.77
Support 30.50
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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