AMERICAN INTL. GROUP - 1H - Technical analysis published on 06/18/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 75.01 USD
My targets
72.89 USD (-1.45%)
72.19 USD (-2.39%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 75.01 USD remains possible. It is advisable to trade AMERICAN INTL. GROUP with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 75.01 USD. The next bearish objective for sellers is set at 72.89 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 72.19 USD. In case of crossing, the next objective would be the support located at 67.53 USD. PS: if there is a bullish break in the resistance located at 75.01 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.1
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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 price is 73.96 USD. The price registered a decrease of -0.03% on the session and was between 73.54 USD and 74.36 USD. This implies that the price is at +0.57% from its lowest and at -0.54% from its highest.73.54
74.36
73.96
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AMERICAN INTL. GROUP indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 72.19 | 72.89 | 73.72 | 73.96 | 75.01 | 75.61 | 77.92 |
| Change (%) | -2.39% | -1.45% | -0.32% | - | +1.42% | +2.23% | +5.35% |
| Change | -1.77 | -1.07 | -0.24 | - | +1.05 | +1.65 | +3.96 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.12 | 72.51 | 73.24 | 73.63 | 74.36 | 74.75 | 75.48 |
| Camarilla | 73.67 | 73.78 | 73.88 | 73.98 | 74.08 | 74.19 | 74.29 |
| Woodie | 72.30 | 72.60 | 73.42 | 73.72 | 74.54 | 74.84 | 75.66 |
| Fibonacci | 72.51 | 72.94 | 73.20 | 73.63 | 74.06 | 74.32 | 74.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.50 | 71.28 | 72.35 | 74.13 | 75.20 | 76.98 | 78.05 |
| Camarilla | 72.64 | 72.90 | 73.16 | 73.42 | 73.68 | 73.94 | 74.20 |
| Woodie | 69.15 | 71.10 | 72.00 | 73.95 | 74.85 | 76.80 | 77.70 |
| Fibonacci | 71.28 | 72.37 | 73.04 | 74.13 | 75.22 | 75.89 | 76.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.76 | 72.28 | 75.34 | 77.86 | 80.92 | 83.44 | 86.50 |
| Camarilla | 76.86 | 77.37 | 77.88 | 78.39 | 78.90 | 79.41 | 79.93 |
| Woodie | 70.02 | 72.42 | 75.60 | 78.00 | 81.18 | 83.58 | 86.76 |
| Fibonacci | 72.28 | 74.42 | 75.73 | 77.86 | 80.00 | 81.31 | 83.44 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.79 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | 6.55 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 73.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 73.12 | |
| Elder Ray (13): | 0.19 | |
| Super Trend (3,10): | 74.36 | |
| Zig ZAG (10): | 73.98 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 63.83 | |
| TEMA (21): | 73.74 | |
| Williams %R (14): | -24.49 | |
| Chande Momentum Oscillator (20): | 0.52 | |
| Repulse (5,40,3): | 0.4100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.46 |
| MA7: | 74.12 | |
| MA20: | 76.06 | |
| MA50: | 76.14 | |
| MA100: | 74.36 | |
| MAexp7: | 73.75 | |
| MAexp20: | 73.69 | |
| MAexp50: | 74.22 | |
| MAexp100: | 75.12 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | -2.76% | |
| Price / MA50: | -2.86% | |
| Price / MA100: | -0.54% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | -0.35% | |
| Price / MAexp100: | -1.54% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on AMERICAN INTL. GROUP at the time of the generation of this analysis 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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