AMERICAN INTL. GROUP - Daily - Technical analysis published on 03/07/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 70.36 USD
My targets
76.98 USD (+2.90%)
80.69 USD (+7.86%)
My analysis
The bullish trend is currently very strong on AMERICAN INTL. GROUP. As long as the price remains above the support at 70.36 USD, you could try to benefit from the boom. The first bullish objective is located at 76.98 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 80.69 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AMERICAN INTL. GROUP rating is 74.81 USD. The price is lower by -0.05% since the last closing with the lowest point at 74.58 USD and the highest point at 75.48 USD. The deviation from the price is +0.31% for the low point and -0.89% for the high point.74.58
75.48
74.81
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of AMERICAN INTL. GROUP indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 56.04 | 62.18 | 70.36 | 74.81 |
| Change (%) | -25.09% | -16.88% | -5.95% | - |
| Change | -18.77 | -12.63 | -4.45 | - |
| Level | Major | Major | Intermediate | - |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 71.84 | 72.49 | 73.67 | 74.32 | 75.50 | 76.15 | 77.33 |
| Camarilla | 74.35 | 74.52 | 74.68 | 74.85 | 75.02 | 75.19 | 75.35 |
| Woodie | 72.11 | 72.62 | 73.94 | 74.45 | 75.77 | 76.28 | 77.60 |
| Fibonacci | 72.49 | 73.19 | 73.62 | 74.32 | 75.02 | 75.45 | 76.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.26 | 70.21 | 71.53 | 72.48 | 73.80 | 74.75 | 76.07 |
| Camarilla | 72.22 | 72.42 | 72.63 | 72.84 | 73.05 | 73.26 | 73.46 |
| Woodie | 69.44 | 70.30 | 71.71 | 72.57 | 73.98 | 74.84 | 76.25 |
| Fibonacci | 70.21 | 71.08 | 71.62 | 72.48 | 73.35 | 73.89 | 74.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.44 | 65.48 | 69.19 | 71.23 | 74.94 | 76.98 | 80.69 |
| Camarilla | 71.31 | 71.84 | 72.36 | 72.89 | 73.42 | 73.94 | 74.47 |
| Woodie | 64.27 | 65.90 | 70.02 | 71.65 | 75.77 | 77.40 | 81.52 |
| Fibonacci | 65.48 | 67.68 | 69.04 | 71.23 | 73.43 | 74.79 | 76.98 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 72.52 | |
| MACD (12,26,9): | 1.4600 | |
| Directional Movement: | 28.82 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 73.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 69.78 | |
| Elder Ray (13): | 2.43 | |
| Super Trend (3,10): | 71.15 | |
| Zig ZAG (10): | 74.76 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 94.46 | |
| TEMA (21): | 74.25 | |
| Williams %R (14): | -8.67 | |
| Chande Momentum Oscillator (20): | 6.70 | |
| Repulse (5,40,3): | 2.4200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2200 | |
| Courbe Coppock: | 12.00 |
| MA7: | 73.55 | |
| MA20: | 71.20 | |
| MA50: | 69.57 | |
| MA100: | 66.64 | |
| MAexp7: | 73.60 | |
| MAexp20: | 71.80 | |
| MAexp50: | 69.70 | |
| MAexp100: | 67.05 | |
| Price / MA7: | +1.71% | |
| Price / MA20: | +5.07% | |
| Price / MA50: | +7.53% | |
| Price / MA100: | +12.26% | |
| Price / MAexp7: | +1.64% | |
| Price / MAexp20: | +4.19% | |
| Price / MAexp50: | +7.33% | |
| Price / MAexp100: | +11.57% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on AMERICAN INTL. GROUP. At the time of publication of this analysis, the latest news was as follows:
- AIG Appoints Ed Dandridge as Executive Vice President and Chief Marketing & Communications Officer
- Validus Holdings to Redeem its 8.875% Senior Notes Due 2040
- AIG Reports Second Quarter 2023 Results
- AIG Names Christopher Schaper Global Chief Underwriting Officer
- AIG to Report Second Quarter 2023 Financial Results on August 1, 2023, and Host Conference Call on August 2
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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