American International Group Inc Stock Forecast
Stronger technical forecast for American International Group Inc stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The American International Group Inc stock price gained 1.23% on the last trading day (Wednesday, 27th Mar 2024), rising from $77.39 to $78.34. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.37% from a day low at $77.33 to a day high of $78.39. The price has risen in 8 of the last 10 days and is up by 3.78% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 661 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $255.77 million.
The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $77.47, a level that may pose a second chance to hit a runner. According to fan-theory $82.48 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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AIG Signals & Forecast
The American International Group Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $76.91 and $73.15. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 20, 2024, and so far it has risen 14.99%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for American International Group Inc stock
American International Group Inc finds support from accumulated volume at $75.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.06 (1.37%) between high and low. For the last week, the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: $75.36 (-3.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (AIG) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect American International Group Inc to open at $78.02, and during the day (based on 14 day Average True Range), to move between $77.21 and $79.47, which gives a possible trading interval of +/-$1.13 (+/-1.45%) 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 2.89% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $75.49, some $2.85 (3.64%) from the current price of $78.34, our system finds the risk reward attractive.
Is American International Group Inc stock A Buy?
American International Group Inc holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.375 Strong Buy Candidate Upgraded
Predicted Opening Price for American International Group Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$78.02 ( 0.408%) | $78.34 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 79.08 | 0.94 % | |
R2 | 78.68 | 0.428 % | ||
R1 | 78.42 | 0.108 % | ||
Current price: | 78.34 | |||
Support | S1 | 77.62 | -0.93 % | |
S2 | 77.36 | -1.24 % | ||
S3 | 76.96 | -1.76 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 78.34 | |||
Support | S1 | 75.49 | -3.64% | |
S2 | 71.32 | -8.96% | ||
S3 | 69.17 | -11.71% |
AIG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 13, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.360 | 0.459% |
2 | Dec 13, 2023 | Dec 13, 2023 | Dec 28, 2023 | $0.360 | 0.530% |
3 | Aug 01, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.360 | 0.594% |
4 | May 04, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.360 | 0.626% |
5 | Feb 15, 2023 | Mar 16, 2023 | Mar 31, 2023 | $0.320 | 0.635% |
FAQ
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