June 22nd 2022

The Hourly View for American International Group

At the moment, AIG’s price is down $-0.23 (-0.44%) from the hour prior.
This move is a reversal from the hour prior, which saw price move up.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

American International Group’s hourly price chart is shown below.

The Daily View for American International Group

At the time of this writing, AIG’s price is down $-0.42 (-0.81%) from the day prior.
This is a reversal of the price action on the previous day, in which price moved up.
Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Divergence between AIG’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in AIG’s price.

Below is a daily price chart of American International Group.

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This post first appeared on Complete CFD Trading Guide, News And Analysis, please read the originial post: here