American International Group, Inc. Stock Forecast
American International Group, Inc. stock downgraded to Hold/Accumulate
(Updated on May 16, 2024)
The American International Group, Inc. stock price fell by -1.08% on the last day (Thursday, 16th May 2024) from 74.00€ to 73.20€. During the last trading day the stock fluctuated 0.0137% from a day low at 73.19€ to a day high of 73.20€. The price has been going up and down for this period, and there has been a 1.77% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -127 shares and in total, 85 shares were bought and sold for approximately 6.22€ thousand.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.32% during the next 3 months and, with a 90% probability hold a price between 78.02€ and 84.06€ at the end of this 3-month period.
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AINN.F Signals & Forecast
The American International Group, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 73.99€. On a fall, the stock will find some support from the long-term average at approximately 71.41€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -2.06%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for American International Group, Inc. stock
American International Group, Inc. finds support from accumulated volume at 69.75€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.0100€ between high and low, or 0.0137%. For the last week the stock has had daily average volatility of 0.486%.
Our recommended stop-loss: 70.11€ (-4.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (AINN.F) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect American International Group, Inc. to open at 73.20€, and during the day (based on 14 day Average True Range), to move between 72.41€ and 73.99€, which gives a possible trading interval of +/-0.792€ (+/-1.08%) 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 2.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 73.21€ (0.01%) than the support at 69.75€ (4.71%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.162 Hold/Accumulate Downgraded
Predicted Opening Price for American International Group, Inc. of Friday, May 17, 2024
Fair opening price May 17, 2024 | Current price |
---|---|
73.20€ ( 0.0046%) | 73.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AINN.F
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 73.21 | 0.0091 % | |
R2 | 73.20 | 0.0039 % | ||
R1 | 73.20 | 0.0007 % | ||
Current price: | 73.20 | |||
Support | S1 | 73.19 | -0.0098 % | |
S2 | 73.19 | -0.0130 % | ||
S3 | 73.19 | -0.0182 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 74.00 | 1.09 % | |
R2 | 73.87 | 0.92 % | ||
R1 | 73.21 | 0.0137 % | ||
Current price | 73.20 | |||
Support | S1 | 69.75 | -4.71% | |
S2 | 69.10 | -5.60% | ||
S3 | 68.43 | -6.52% |
AINN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | 0.373€ | 0% |
2 | Mar 13, 2024 | Mar 13, 2024 | Mar 13, 2024 | 0€ | 0% |
3 | Dec 13, 2023 | Dec 13, 2023 | Dec 13, 2023 | 0€ | 0% |
4 | Sep 14, 2023 | Sep 14, 2023 | Sep 14, 2023 | 0.360€ | 0% |
5 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | 0.360€ | 0% |
FAQ
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