The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 5/2/2025 -
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American Int'l. Group (AIG) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the American Int'l. Group (AIG). During the week, the AIG gained 2.44 points, or 3.00%, and closed at 83.66 on Friday, May 2, 2025. Weekly volume was 13% 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 18, 2020 at 16.07 and reached 88.07 on April 2, 2025. AIG gained -72.00 points, or -448.04%, in 263 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 70.86 and resistance is at 87.14. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See AIG medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 69.00 and reached 88.07 on April 2, 2025. AIG gained -19.07 points, or -27.64%, in 34 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 69.41 and resistance is at 89.64. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since February 14, 2025. 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 January 10, 2025 at 69.24 and reached 88.07 on April 2, 2025. AIG gained -18.83 points, or -27.20%, in 82 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 78.23 and resistance is at 93.27. 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 short-term trend.

Daily Technical Indicators: [See AIG daily technical indicators chart]
Daily technical indicators are neutral.

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

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 56.56
Williams' Percentage Range (W%R) 46.40
Lane's Stochastic (%D-Slow) 74.03
Greed/Fear Indicator (GFI) 61.40
Moving Average Converg./Diverg. (MACD) -0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.77
Williams' Percentage Range (W%R) 39.50
Lane's Stochastic (%D-Slow) 58.73
Greed/Fear Indicator (GFI) 59.05
Moving Average Converg./Diverg. (MACD) 1.74
Trading Signals
Description Value Chart
Weekly Trendline Resistance 93.27
Monthly Trendline Resistance 89.64
Yearly Trendline Resistance 87.14
Upper Bollinger Band 84.93
Price 83.66
Daily Stochastic Crossing 82.58
Weekly Stochastic Crossing 82.09
50 Day Moving Average 81.97
20 Day Moving Average 81.11
Lower Bollinger Band 78.78
Parabolic System 78.42
Weekly Trendline Support 78.23
Yearly Trendline Support 70.86
Monthly Trendline Support 69.41
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Property & Casualty Insurance 106
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 88.07
High Date 04/02/2025
Low 76.09
Low Date 04/07/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 93.27
Support 78.23
Low 69.24
Low Date 01/10/2025
High 88.07
High Date 04/02/2025
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 89.64
Support 69.41
Low 69.00
Low Date 08/05/2024
High 88.07
High Date 04/02/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.67
Low Date 03/24/2023
High 88.07
High Date 04/02/2025
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 87.14
Support 70.86
Low 16.07
Low Date 03/18/2020
High 88.07
High Date 04/02/2025
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.