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Daily W%R Divergence:Bearish
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 4/19/2024 -
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American Int'l. Group (AIG) Technical Analysis

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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought area
Daily :Lane's Stochastic is oversoldThe price has risen above the Parabolic SARPrice is close to the 50 Day Moving Average
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It was a first positive week for the American Int'l. Group (AIG). During the week, the AIG climbed 0.55 points, or 0.75%, and closed at 74.23 on Friday, April 19, 2024. Weekly volume was 21% above average.

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 78.95 on April 3, 2024. AIG gained -33.28 points, or -72.87%, in 53 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 72.66 and resistance is at 79.32. 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 long-term trend.

Medium-term trend: [See AIG medium-term trend chart]
A medium-term uptrend had started on August 22, 2023 at 57.02 and reached 78.95 on April 3, 2024. AIG gained -21.93 points, or -38.46%, in 32 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 60.89 and resistance is at 80.38. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See AIG weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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 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 and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 April 3, 2024 at 78.95 and reached 71.51 on April 17, 2024. AIG lost 7.44 points, or 9.42%, in 14 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 70.42 and resistance is at 76.11. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

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

The daily MACD line is below its signal line since April 1, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 35.11
Williams' Percentage Range (W%R) 74.20
Lane's Stochastic (%D-Slow) 19.92
Oversold
Greed/Fear Indicator (GFI) 26.94
Moving Average Converg./Diverg. (MACD) 0.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.11
Williams' Percentage Range (W%R) 38.30
Lane's Stochastic (%D-Slow) 78.66
Greed/Fear Indicator (GFI) 65.49
Moving Average Converg./Diverg. (MACD) 3.43
Trading Signals
Description Value Chart
Monthly Trendline Resistance 80.38
Quarterly Trendline Resistance 79.32
Upper Bollinger Band 78.80
Weekly Stochastic Crossing 76.89
Weekly Trendline Resistance 76.11
20 Day Moving Average 75.89
Price 74.23
50 Day Moving Average 73.99
Quarterly Trendline Support 72.66
Daily Stochastic Crossing 72.53
Parabolic System 71.44
Lower Bollinger Band 71.01
Weekly Trendline Support 70.42
Monthly Trendline Support 60.89
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Property & Casualty Insurance 103
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 71.51
Low Date 04/17/2024
High 74.61
High Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 76.11
Support 70.42
High 78.95
High Date 04/03/2024
Low 71.51
Low Date 04/17/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 80.38
Support 60.89
Low 57.02
Low Date 08/22/2023
High 78.95
High Date 04/03/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 79.32
Support 72.66
Low 45.67
Low Date 03/24/2023
High 78.95
High Date 04/03/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 16.07
Low Date 03/18/2020
High 78.95
High Date 04/03/2024
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.