American International Group Inc Stock Forecast
Stronger technical forecast for American International Group Inc stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The American International Group Inc stock price gained 1.13% on the last trading day (Tuesday, 2nd Jul 2024), rising from $74.49 to $75.33. During the last trading day the stock fluctuated 2.11% from a day low at $73.88 to a day high of $75.44. The price has risen in 7 of the last 10 days and is up by 1.82% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 4 million shares were bought and sold for approximately $270.48 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect American International Group Inc stock with a 90% probability to be traded between $71.59 and $79.70 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AIG Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.60%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The American International Group Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $76.50. On a fall, the stock will find some support from the short-term average at $74.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for American International Group Inc stock
American International Group Inc finds support from accumulated volume at $74.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.56 between high and low, or 2.11%. For the last week the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: $71.68 (-4.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (AIG) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect American International Group Inc to open at $74.88, and during the day (based on 14 day Average True Range), to move between $73.94 and $76.72, which gives a possible trading interval of +/-$1.39 (+/-1.84%) up or down from last closing price. If American International Group Inc takes out the full calculated possible swing range there will be an estimated 3.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $76.02 (0.92%) than the support at $74.51 (1.09%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is American International Group Inc stock A Buy?
American International Group Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.451 Hold/Accumulate Upgraded
Predicted Opening Price for American International Group Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $74.88 ( 0.593%) | $75.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 76.44 | 1.48% |
| R2 | 75.85 | 0.687% |
| R1 | 75.48 | 0.198% |
| Price | 75.33 | |
| S1 | 74.29 | -1.38% |
| S2 | 73.92 | -1.87% |
| S3 | 73.32 | -2.66% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 78.82 | 4.63% |
| R2 | 78.48 | 4.18% |
| R1 | 76.02 | 0.92% |
| Price | 75.33 | |
| S1 | 74.51 | -1.09% |
| S2 | 74.49 | -1.12% |
| S3 | 72.58 | -3.65% |
AIG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.400 | 0.539% |
| 2 | Feb 13, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.360 | 0.461% |
| 3 | Dec 13, 2023 | Dec 13, 2023 | Dec 28, 2023 | $0.360 | 0.530% |
| 4 | Aug 01, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.360 | 0.594% |
| 5 | May 04, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.360 | 0.626% |
FAQ
Click here for our free guide on how to buy American International Group Inc Stock.
